I have been on leave, so no trade last week. We can clearly see Nifty in downtrend and it is yet to touch channel bottom. If there is flat opening or gap up, we can easily have 1:2 or better RR short trade next week. If there is gap down, I will wait for retracement. If Nifty breaches resistance level, I will take SL. I will not take any bullish trade next week and if Nifty does not work as per my analysis, I will avoid trading. Thank you!
Order cancelled:
Breached resistance and closed above it. This trade plan is now cancelled. No trade for next week. Thank you!