NIFTY 50 - 'Bearish Bat Pattern' Short

Nifty 50 IndexNSE

Description

⋅ May 10, 2021 5:13 PM

Nifty has made a slow and a steady up move and it is now near trendline resistance and harmonic PRZ. Hourly RSI is above 80 which also indicates overbought. Looks like fresh short position can be created near 14972.45.

CMP - 14949.4
Entry - 14972.45
Target 1 - 14851.45
Target 2 - 14777.25
Target 3 - 14717
Stop loss - 14985.3

Trade closed: target reached

⋅ May 17, 2021 11:36 AM

All targets achieved.

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