Nifty long above 17200

Hello, I would like to propose a trade regarding the Nifty index that I believe could be profitable. After analyzing a bullish pattern , I suggest going long on the index if it exceeds the 17200 level. It's important to note that this entry is only valid if the 30-minute candle closes above 17200, and we should wait for a retest before entering the market. Therefore, it's not advisable to long the index before the 30-minute candle closes above 17200. I will keep you updated on when to execute the trade.

Additionally, it's crucial to limit your risk to 1/2 of your normal risk. For instance, if your normal risk is 100, then only risk 50 in this trade.

The target for this trade is around 320 points with a maximum stop loss of 160 points. Please keep in mind that this is a positional trade and could last for a few days. I will keep you informed of any further updates. However, please note that this is not financial advice, and it's best to consult a licensed financial advisor before making any investment decisions.

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Comment your opinion in comment section and questions are welcomed.