NeelamN

Nifty View 13 Aug 2021

Short
NSE:NIFTY   Nifty 50 Index
Nifty has broken inclined trend line
and made a double top , breakdown of the support may give targets till immediate support at gap.

If it breaks above the all time high then sky is the limit...
Trade with hedge for upside.

Happy Trading !!!

Comments

@NeelamN it breakout above the sky... looks like a trap...!! 17th August a gap down????
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NeelamN gopinathk
@gopinathk, 1st - My practice is not to try predicting markets, rather planning the trade watching price action patterns and how one can benefit from it...
2nd - Trend is your friend and even if this move seems euphoric, shorting is only on the cards if it gives me some bearish pattern, which it did not yet...
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NeelamN NeelamN
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NeelamN NeelamN
@NeelamN, Also, as per elliot wave, above are the possibiliies as per my study... I can be wrong too.
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NeelamN NeelamN
@gopinathk, I hope this clarifies...
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