Nifty at Critical Zone on Daily Chart

2022年1月1日

Red Trend line - Strong Resistance on Daily Chart
Green Trend line - Strong Support on Daily Chart

Trade Idea - Momentum trading. Expect price action when any of the trendline is breached.
Plot the trend line on Nifty Future Daily Chart.
Monitor Nifty Future chart on 1 min and 5 min time frame when the price is near to any of the trend line.

Bullish Trade - If price breaches Red Trendline on upside
Bearish Trade - If price breaches Green Trendline on downside

Stop loss - Trendline itself.

Thanks for watching!