Thunder918

Nifty retracement done

Short
NSE:NIFTY   Nifty 50 Index
Self explanatory chart... wait for another 30 mins candle to form... uske baad bumper selling ....

Comments

if it is E the last leg of the corrective 3 triangle from 7511 .. then it would retrace minimum 50% of the last leg D which should be 14853 . minimum.. it can even attempt 15000... but after that as you said ... its selling all the way down to break 13596... i had shorted bit early and burnt my pockets
+1 Reply
@Parasuram sir righly said... i had shorted 14300 pe when nifty gave a close above 14500, however next day opening low of 14350 triggered my stoplosses.... could not make much of the retracement...
Reply
yeah there may be retracement but there is another problem with this retracement that's 3rd time breakout. If that happens there may be and definite downfall ahead
+1 Reply
Thunder918 shaikmohammadmadu
@shaikmohammadmadu agree totally
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