Nifty 50 Intraday Trade Setup: Breakout Potential with Targets
The chart shows the Nifty 50 Index on a 15-minute timeframe, displaying a potential long trade setup based on technical analysis. Key features include:
Entry Point: The recommended entry point is at 24,247.20.
Stop Loss: Positioned just below the entry point at 24,237.95.
Targets: Three target levels are marked:
Target 1: 24,267.75
Target 2: 24,294.65
Target 3: 24,356.00
Trend Analysis: The chart highlights a trendline with multiple touches, indicating a possible support level. A previous low and two subsequent touches reinforce this trendline's significance.
Volume: The volume at the time of the chart is 25.097M, indicating active trading.
Entry Point: The recommended entry point is at 24,247.20.
Stop Loss: Positioned just below the entry point at 24,237.95.
Targets: Three target levels are marked:
Target 1: 24,267.75
Target 2: 24,294.65
Target 3: 24,356.00
Trend Analysis: The chart highlights a trendline with multiple touches, indicating a possible support level. A previous low and two subsequent touches reinforce this trendline's significance.
Volume: The volume at the time of the chart is 25.097M, indicating active trading.
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