Nifty Downward Trending Channel Setup

NeeteshJain Pro+ Updated   
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

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.