Nifty Hourly Breakout of the Consolidation Range

nifty after a big and fast 1000 point up move starting of september month
and after that there is some side ways time consolidation or retracement happen in last 10 trading session

now what we can see that price breakout of Two different triangle upper trendlines
so my view is here to go Long in to Nifty
------------------------------------------------------------------
buy if hourly closing happen above 19750

stop loss 19450

target 20500 for this trade
-----------------------------------------------------------------

코멘트:

i am not a Certified registered analysist
this is just my observation for practice and learning purpose of chart reading,
Must take advice from your financial advisor before trade

코멘트:

thank you for reading my idea
if found any related query allow me to answer

코멘트:

if you think this idea is use full
please like and share
also follow and comment your thought about this analysis

코멘트:

코멘트:

hourly Rsi 14 setup

코멘트:

코멘트:

hourly Macd Setup

코멘트:

코멘트:

Hourly Bollinger Band Setup

코멘트:

코멘트:

hourly Simple moving average setup

sma 200 - black
sma 100 - red
sma 50 - green
sma 20- blue

코멘트:

into the last one hour of session mkt slip 100 point from top but don;t worry about that all sector indices are in green so next day 100 gap-up possiblity

코멘트:

and if gap up happens than
Hourly closing above 19750-19775 is our buying entry executed

코멘트:

코멘트:

On monthly candle setup

its a clear breakout seen

코멘트:

world mkt specially US mkt is in very much sell mode so that was the only concern

코멘트:

Still trade not executed
Buying only if Hourly closing above 19750-19775

코멘트:

still waiting
Buying only if Hourly closing above 19750-19775

코멘트:

코멘트:

daily channel

코멘트:

코멘트:

코멘트:

코멘트:

short term chart its a perfect reversal point

코멘트:

코멘트:

today hourly chart its a clear and confirmed breakout happens
so for now any dips near 19500-19550 is a buy positional

코멘트:

finally its a brekout

코멘트:

any short term dips near 19660 is a also a fresh entry

코멘트:

as i told previous day Oct 12 update that any where near 19660 is also a fresh entry
for buy

코멘트:

new 15 min range for nifty