A Nifty Short with SL of Previous high of 12,100 can be Initiated from here for a 500 point down move of 11400. Risk:Return is 1:2.5
Note
Trade Active with last 3 candles making lower highs, lower lows & closing lower. We are currently 140 points in the trade.Note
Breached 50 EMA twice and currently at support. A further breach could lead to further downfall.Note
Trade Active! Breached 50EMA decisively!
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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.