Nifty - at a crucial junction. Above 12225 we might head higher.. break of trendline which is being formed today in the 1 min chart will lead to retesting/filling today's gap. This is probably heading higher. #Nifty #trendlines #trading #15mincharts 
Tip - No trendline is perfect, but you need a trendline that touches at least 3 points to be sure it is right. The 3rd touch and reversal is the confirmation that your trendline is right. Refer to the 1 min chart today - the bars at 11:48 and 11:58 confirms the trendline is right
And again a reversal at 12:28 and 12:29 confirms it again. So the next trade for intraday would be to go
- Short: if the trendline is broken (safe players - short below 12205)
- Long: if 12220-12225 is taken out.
- Short: if the trendline is broken (safe players - short below 12205)
- Long: if 12220-12225 is taken out.
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