gulz

NIFTY - SHORT SETUP

Short
NSE:NIFTY   Nifty 50 Index
Hi,

Please refer chart for details
Trade active: Stop revised to today's high
Comment:
Comment: expecting a quick fall if stops are not taken.. lets see how this will turn around ?
Trade active: i was lucky ( May future reversed from 10703.65 , my stop was at 10705) today stop save for 1 point
This is treated as throw over just before the dramatic reversals normally found just after the wedge pattern ( wave 5 of elliot) -Now holding for the targets

Trade closed: target reached: First target hit.
As expected movement was quick
Comment: 61.8% fib level hit ( a support zone)
Trade closed: target reached: @ Target 2 zone
Comment: Thread closed -- Thank you
Comment: we may get trade setup as below .. will post if it is valid as a different thread

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