Nifty - Short Trade (Swing)
Rational : Bearish Engulfing candle in Daily Charts. Price retraced to 50% of candle. RSI negative divergence. Thereby offering an aggressive Swing short trade setup with 2:1 initial RR.
Note
Monday is NSE holiday. This need be kept in view if initiating this tradeTrade closed: target reached
Trade worked as planned. Gave 3:1 RR
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.