Nifty- Channel Resistance + Bearish Divergence- Short Setup

NSE:NIFTY   Nifty 50 Index
As seen Nifty has been facing resistance at the top band of the ascending channel with bearish divergence, where the price is making a higher high and RSI is making a lower high, indicating weakness in the hourly chart. Therefore, expecting a move towards the lower band of the channel.

Short when it breaks the trendline or below the low of last candle at 8245
Expected Levels- 8210, 8190
Exit- 8281
Comment: 8210 achieved.
Comment: 8196 booked out


good work
aks85 anupminj7
@anupminj7, thanks a lot.
+1 Reply
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