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Hi guys,
Nifty has formed double top at 15300-15400.
The Index has touched and neckline and go below it and then bounced back and closed above the neckline of the double top .
As per FIB Extn the index was in the clear downtrend.
Hence, we can go for the Short below 14750.
Target 1- 14400
Target 2 -14200
Target 3 -14000
Target 4- 13700.
SL - 15450
Disclaimer: Kindly do your own analysis before executing this trade.
Nifty has formed double top at 15300-15400.
The Index has touched and neckline and go below it and then bounced back and closed above the neckline of the double top .
As per FIB Extn the index was in the clear downtrend.
Hence, we can go for the Short below 14750.
Target 1- 14400
Target 2 -14200
Target 3 -14000
Target 4- 13700.
SL - 15450
Disclaimer: Kindly do your own analysis before executing this trade.
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