Probable down move from channel resistance

ssen Updated   
NSE:NIFTY   Nifty 50 Index
Nifty has arrived the resistance level of the descending channel. If tomorrow price gaps down and moves downward in first 15 min, a short position can be opened with SL above the swing high and a target of 11650.
If price gaps up and sustains over today's high, this trade plan will no more be valid.
Trade active:
price moving down slowly.. If gaps down below 11630, it can reach 11150 very fast. Keep stop loss above 11750 for till target (11630) achieved
Trade closed: stop reached:
SL @ 11755 hit

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.