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A Nifty Short with SL of Previous high of 12,100 can be Initiate

Short
Nifty 50 Index (NSE:NIFTY)  
Resourcefacts Updated   
NSE:NIFTY   Nifty 50 Index
Technical Indicators Chart Patterns
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indicator chartpattern
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
Comment:
Trade Active with last 3 candles making lower highs, lower lows & closing lower. We are currently 140 points in the trade.
Comment:
Breached 50 EMA twice and currently at support. A further breach could lead to further downfall.
Comment:
Trade Active! Breached 50EMA decisively!
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