Description
⋅ 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!