Short

Nifty - Short Trade (Swing)

By PrasannaVasu

Updated

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 trade

Trade closed: target reached

Trade worked as planned. Gave 3:1 RR

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