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Nifty 1:1 risk reward is 25400

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Hello tradingviewers

presenting for you

NIfty daily price target analysis

as we seen than at the election result day market falls around 2060 point from previous high

and after that successfully close above high at 13-june 2024

so all negativity is behind that day

and that day nifty promise that it goes higher for fresh highs

so the 1:1 risk reward target is aruond 25400 for up coming days

Q- where is the fresh entry in this trend
A- any where near previous top around 23350

Q- what is the stop loss for this current trend
A- closing below 23200 is a stop loss for this trend

Q- what is the Target for this current trend
A- near 25400 where 1:1 risk reward

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Disclouser : 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

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any related query allow me to answer

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

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