Daily charts:
- trend is up on daily charts
- today nifty closed 1.8% in positive at 9553
- AD was 11:7
- markets trading within rising wedge
- nifty touched 9600 (upper trendline of wedge) but failed to sustain there
- this is visible on intraday charts
- last part/ ending part of wedge is very difficult to trade
- today nifty gave a buy signal on kplswing indicator
- the sell was given on 1-FEB at 11662
- rough SL was 9000
- and now buy today signal at 9553
- most likely this signal will fail
- min SL is current nifty minus twice 14 day ATR i.e. 9550-2*340 approx 8900
- 10 bar low is at 8800
- we can safely assume SL at 9000 ... roughly 6% which is actually very decent
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhauYeuW8_xtTTFQGDZMOW5H9NyxG1QkqXxbi1OK6N28bLw4ghV91VMaai-VP-c9BpyrXZthv1pPLwGge0zymvecasDmuXWSta9P8Z-JAysfcyHkRnFQUAAgXaFsK4EIrluafZ1Cyte9Slp/s640/a.png)
With swing indicator
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh1t-N6858uR2Iq2Sz9u2jTVgw6sx8If788cAX2HficVqYCxSHFDLJlbhyphenhyphencIQk3MPchpm_cOH_l92N0gPRDL9RhIFXn3bMXe0Tq6KyGz6EcnlF-KAmijlpYW68D_ZsHN-btWFA3pnvAfqE5/s640/a.png)
5 min charts:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg_kWHvcjGfIQcgUPLZtVNO_M-Bk0SvH-C91EXy1B2G8XXqb93OqmzUuCKyydukzNINmANgYAbw1Ogkl9mgIkFfdb73qUv9fSmkTYsXsxoOVpGFDL2gxS0f3vXlZyZbIGcPIUuKD0MTnvn2/s640/a.png)
- trend is up on daily charts
- today nifty closed 1.8% in positive at 9553
- AD was 11:7
- markets trading within rising wedge
- nifty touched 9600 (upper trendline of wedge) but failed to sustain there
- this is visible on intraday charts
- last part/ ending part of wedge is very difficult to trade
- today nifty gave a buy signal on kplswing indicator
- the sell was given on 1-FEB at 11662
- rough SL was 9000
- and now buy today signal at 9553
- most likely this signal will fail
- min SL is current nifty minus twice 14 day ATR i.e. 9550-2*340 approx 8900
- 10 bar low is at 8800
- we can safely assume SL at 9000 ... roughly 6% which is actually very decent
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhauYeuW8_xtTTFQGDZMOW5H9NyxG1QkqXxbi1OK6N28bLw4ghV91VMaai-VP-c9BpyrXZthv1pPLwGge0zymvecasDmuXWSta9P8Z-JAysfcyHkRnFQUAAgXaFsK4EIrluafZ1Cyte9Slp/s640/a.png)
With swing indicator
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh1t-N6858uR2Iq2Sz9u2jTVgw6sx8If788cAX2HficVqYCxSHFDLJlbhyphenhyphencIQk3MPchpm_cOH_l92N0gPRDL9RhIFXn3bMXe0Tq6KyGz6EcnlF-KAmijlpYW68D_ZsHN-btWFA3pnvAfqE5/s640/a.png)
5 min charts:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg_kWHvcjGfIQcgUPLZtVNO_M-Bk0SvH-C91EXy1B2G8XXqb93OqmzUuCKyydukzNINmANgYAbw1Ogkl9mgIkFfdb73qUv9fSmkTYsXsxoOVpGFDL2gxS0f3vXlZyZbIGcPIUuKD0MTnvn2/s640/a.png)
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