NeeteshJain

Nifty Downward Trending Channel Setup

NSE:NIFTY   Nifty 50 Index
It is been observed on an hourly chart that the price action is trending in a downward channel where the price action making lower highs and lower lows. In order to break the channel, the price action must move out above 8820 levels until that happens every rise is a good opportunity to sell it.

Trade active: It is a good time to short it now for the Target 1: 8720 SL:8800