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aks85
Dec 12, 2016 3:42 AM

Nifty- Channel Resistance + Bearish Divergence- Short Setup Short

Nifty 50 IndexNSE

Description

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
Comments
UnknownUnicorn646072
good
anupminj7
good work
aks85
@anupminj7, thanks a lot.
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