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
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buy if hourly closing happen above 19750

stop loss 19450

target 20500 for this trade
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註釋

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

註釋

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

註釋

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註釋

hourly Rsi 14 setup

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hourly Macd Setup

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Hourly Bollinger Band Setup

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hourly Simple moving average setup

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

註釋

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

註釋

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

註釋