anandaprakash.info
Short

NIFTY is trading in down trend. Plan for Short trades.

NSE:NIFTY   Nifty 50 Index
NIFTY             is trading in a down trend. Weakness continued in nifty             and prices struggling to move up. We can expect nifty             to fall till price reaches the 9700 level support. Also if we observe the price action, doji candles shows still buyers are not in control to push prices up. So plan for the short trades till prices reaches the strong support.
Comment: Stopped out trade. Trade closed.
@Gaurav3413, Yes....nice observation.We can see in the chart more of red candles then the green. It means still sellers are in control and selling pressure continued. Also 10100 support is already violated. I expect prices to fall another 300 points from this level.

Thanks,
Happy Trading...!
Reply
Can i know what is target of short?
Reply
@Chinnu,

Hi,

This analysis is based on 4H time frame. Entry - 10371.50, Stop Loss - 10436.50(65 Points) and Target - 10232.50(139 Points). RR is 2:1 ratio.

Thanks
Reply
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out