fcsa

NIfty - Multiple Bearish Candlestick Patterns

Short
fcsa Updated   
NSE:NIFTY   Nifty 50 Index
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.
Comment:
If we are going to suffer from mismanaged socio-economic management then we might as well reduce our pain by going short.
Comment:
I forgot to mark the bearish double tops which are inherent in Tweezer Tops.
Comment:
Additionally, the recent three day upswing failed to cross the 50% retracement of the fall from 15th May to 23rd May.
Comment:
Now might be a good time to short... gap touched in futures market
Comment:
Went long @10585... Seems to have gained some momentum... purely an intraday trade... my basic position is bearish
Comment:
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.
Comment:
Shorted again @10649 May fut
Comment:
10649 short trade closed with very small loss.
This morning shorted at opening... trade active
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