Nifty broke the Higher Low of the previous Uptrend, making a Lower Low - Lower High formation.
This can be considered trend reversal.
Nifty may halt at this level between 15700 - 15500
If flag breaks down making LL below 15560, or makes a bearish candle pattern supporting bearish view, we may go for short.
else price may halt here before continuing the downward journey...
This can be considered trend reversal.
Nifty may halt at this level between 15700 - 15500
If flag breaks down making LL below 15560, or makes a bearish candle pattern supporting bearish view, we may go for short.
else price may halt here before continuing the downward journey...
Trade closed: target reached
Bearish trade not triggered.Sold Puts after first HL was made at around 11.30
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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.