NIFTY day chart analysis - Bullish view

NIFTY day chart analysis.

Commentaire:

Reliance AGM and other macro factors are in alignment with my bullish view. So dips and sideways movement should be utilized to go long.

Transaction en cours:

Happy independence day :)
As mentioned above "dips and sideways movement should be utilized to go long" in forthcoming trading sessions.
One may focus on instruments like Sep-Oct futures, Nifty ETF, Index heavyweight stocks etc (avoid options)

Transaction en cours

Commentaire:

SL is 10530

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Made a low of 10637 so far

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Today we hand another opportunity to go long,

Commentaire:

Taking support at the sliding parallel

Transaction en cours:

Took a strong bounce exactly at the sliding parallel.
One can buy with SL below 10630

Transaction en cours:

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Please use the dips upto 11100-11050 to accumulate

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Trading within a channel

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As mentioned on Sep 25th "Please use the dips upto 11100-11050 to accumulate" maintaining a strict SL below 10630

Transaction en cours:

Weekly candle showing strength.
More bullish move to follow.

Transaction en cours

Commentaire:

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Finding resistance at the median line.
Upon a close above the median line we can expect a bigger and stronger bullish move.

Transaction en cours

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Booking partial profit at 12030+

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Booked a partial profit of 1000+ points profit so far

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Nifty at support:

Broadening wedge as seen on day chart