breakout_ninja

NIFTY 50 - LOCK IN PROFIT?

NSE:NIFTY   Nifty 50 Index
Nifty 50 has experienced a robust bull run, gaining 700 points. However, signs of a potential slowdown are emerging:
  1. A bearish divergence is evident on the 15-minute chart.
  2. The channel has been breached.

Strategic Move: Lock in profits and wait for favourable re-entry opportunities.
Trade closed: target reached:
Nice dip in NIFTY 50.

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.