NeeteshJain
Short

Nifty Breaking Decending Triangle (8200 levels Next)

NSE:NIFTY   Nifty 50 Index
It is been observed that the price action forming a descending triangle on daily chart , and now it finally breaks out . from a strong support levels of 8550, indicating a strong weakness and bearishness ahead. Now it shall go further down and shall reach to 8200 levels.

Target: 8160
Stoploss: 8690
Risk Reward: 1:3
Trade active: Buying is weak, selling at high volume. Sellers shall be in dominance in tomorrow's price action too. Prepare your shorts. Regards
I would wait for small pull back and then would short ... will short near 8685 levels
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