Daily Chart
The line charts however, show a clear higher bottom higher top formation having closed above the earlier top of 5142. Support taken exactly on the blue dashed uptrendline. Till this uptrendline is violated, Nifty will be making upmoves. I have not removed the target of 3850 from the charts as it would be wise to wait till the candle charts too show a breakout above 5182.
Daily Line Chart
Half hourly chart shows bullish breakout from consolidation and EMA's once again bullishly aligned
Half Hourly Chart
Trade long with a stop loss at 5050.
Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
5 comments:
dear lakshmi
can you change 4182 to 5182 pls.
thanks
Just an observation. Why do you keep repeating 4182 instead of 5182. It is very confusing and misleading;
kkr i am not a computer. slips can always happen.anonymous pointed it out so sweetly.
Thanks Lakshmi!
Let simple minds be, if it can't figure out a small slip nevermind the markets.
Lee
Leeds, UK
you're right, But then it's like you're goodness is beign taken advantage of
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