NIFTY is going good. Would again move supports higher from 17200 to 17375 on spot. Which is Harmonic+triangle Support zone. Fresh Squaring Pattern Breakout would take place above a Daily Close of 17600. Keep a close watch on that. Note we have been trailing our Long Trade since the levels of 16850 on 27th December 2021. For now it’s important for NIFTY to hold its Pattern Supports. To get the Party going. Better not to worry about upside Targets. Yes they are Projectable but would leave that part for now.
Trailing Stops moved up further at 17550 on spot
Buy on dips Setup Intact. At 1 point it has to take a Pause
On NIFTY
Trailing Stops moving up further to 17700 on spot
Which is a Trending Triangle Support
In case this level breaks no point going short
Because Cycle supports are still bit lower thenn 17700
Dont waste your time in guessing Top
NIFTY finally hits our Trailing Stoploss
Out of Longs for now but no short trade as long as 17550 is protected on downside
Which is Pattern+Cycle Support.
gann,insides 