Today there were at least three bearish candle patterns that I could see. Nifty is on the way down. There could be some volatility due to expiry but the path forward is down.
Note
If we are going to suffer from mismanaged socio-economic management then we might as well reduce our pain by going short.
Note
I forgot to mark the bearish double tops which are inherent in Tweezer Tops.
Note
Additionally, the recent three day upswing failed to cross the 50% retracement of the fall from 15th May to 23rd May.
Note
Now might be a good time to short... gap touched in futures market
Note
Went long @10585... Seems to have gained some momentum... purely an intraday trade... my basic position is bearish
Note
Closed @ 10625... modest gain of 40 points but decent profit with multiple lots. I guess the markets are such that one has to be nimble and quick to grab profits.
Note
Shorted again @10649 May fut
Note
10649 short trade closed with very small loss. This morning shorted at opening... trade active
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.