MehulJain3a
Short

Nifty The Big Short

NSE:NIFTY   Nifty 50 Index
419 views
NSE:NIFTY

Big Pin Bar on weekly charts
indicating huge selling pressure.



ALWAYS SHORT WHEN U SEE BIG PIN CANDLE. STOP LOSS ABOVE THE CANDLE & EXPECT BIG TARGET

HIGH REWARD LOW RISK.


Sell Range - Rs8050 to Rs8200
SL - Rs8345 (daily Close)
Target 1 - Rs7700
Target 2 - Rs7400
Target 3 - Rs7250

Potential Return - 11%
Potential Loss - 4%
Comment:
Comment:
Comment: to see previous idea on nifty click on above chart
Trade active: opened short @ 8235
Comment: closed @ 7976
Comment: nifty may try to test 7930 level, but if unable to break tomorrow nifty can reverse back to 8050 or 8100 levels.

think it as a selling opportunity.

note : don't be on buy side in downtrend market. trade with the trend.
Comment:

Comments

MehulJain3a amitbnl07
@amitbnl07, nice work
Reply
amitbnl07 MehulJain3a
@MehulJain3a, thanx
Reply
guys... nifty might trade sideways...n try to test 7930. don't trade in sideways market...wait for nifty to retrace back to 8050 or 8100 level to grab selling opportunity.
i'll keep u updated with the trade...

previous trade details : Sell at 8235 & closed at 7976, so total profit 259 points. ( 1 lot profits - 259*75= Rs19425)
Reply
and falling market people panic, have fear and sell.
that is common or i should say basic human behavior.

so it good to take advantage of this and be on right side of the market, instead on the wrong side (where 99% end up)

Reply
neneram MehulJain3a
@MehulJain3a,
Good Luck !!
Reply
MehulJain3a MehulJain3a
@MehulJain3a, and their big difference between in Investor & Trader. ( Investor will only enter in F&O to hedge and even if they loose it won't matter them, because it's like paying premium to your Life Insurance Policy)

trader will do daily buying and selling,
Reply
neneram MehulJain3a
@MehulJain3a,
Stop Loss exited , or still holding short ?
Reply
@neneram, closed @ 7970...
Reply
If it's that simple all FII would be overwhelmingly short on NIFTY (Refer the first comment about reversal and continuation)

Keeping the stop loss at top of such big pin bar and taking trade is no trade for common investors. (No analyst will take such trade)


Best way is to wait and If there is no follow through on pin bar take long position with stop loss of bar after pin bar ,
But if the bar after pin bar is above or very close to top of pin bar don't take the trade market can go side ways till budget.
Reply
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