Nifty going for all time high

28 avr. 2023

Based on the chart analysis, it appears that the Nifty has recently broken out of a head and shoulders pattern. This is an optimistic sign, as it suggests that the market is poised for an upward trend, potentially leading to a new all-time high. Overall, this could be an excellent opportunity for traders to consider taking a long position in the Nifty.
Please always manage you risk . It is a educational idea so act accordingly.
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9 mai 2023

Note

Given that Nifty has already achieved almost 50% of its target, which is a remarkable gain of over 400 points, it is highly recommended to trail your stop loss and consider booking some small profits at this point. However, it is also important to keep in mind that Nifty is currently exhibiting extremely bullish behavior, and there are excellent chances of it reaching its complete target.

Therefore, I would confidently suggest that you continue to hold your position in Nifty while actively managing your risk by trailing your stop loss. By doing so, you can protect your gains while also allowing yourself to benefit from the potentially lucrative opportunities that the current bullish trend in Nifty presents. And follow me for more updates and trading ideas.