Nifty gave a Head and Shoulder pattern in 15mins time frame. The SL for this pattern is generally the low of right shoulder. Nifty has broke the low thus triggering the SL for the trade.
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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.