Short

Nifty forming a Bearish Bat pattern, 27th Aug what will happen?

Updated

Again one more profitable day added in the continuous profiting schedule.

Nifty formed a Bearish Bat in 1 hour time frame.
It will complete its D leg @11090 Spot Price.
One previous Trend line of the head and shoulder also will provide additional Resistance near the same price.
So nice formation for shorting opportunity, But the only problem with the positive news by Indian FM.

So what should be the strategy for Intraday?
Simple we will try to see a bearish structure near the zone 11090. The box i have drawn.
Don't miss this opportunity, if Nifty gives us by giving a lower low and lower close. I have given a entry and target in the chart, you can follow.
Sell Entry Spot price-11090
Target- 10990, 10930
SL- 11190 and trail.
R/R - 1:1
Cheers!!

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Lower low and lower close in 5 min time frame near 11090 will trigger the pattern.

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If it gives a gap up then probably the same area will act as support.
If it does not give gap up above 11185 then this analysis is valid. and can look for lower low lower close in 5 min time frame and enter short position.

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we will enter only when a lower low and lower close in 5 min TF is seen.

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short nifty now

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Nifty taking support So be cautious

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book profit

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hold only 75 quantty a

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Entered Nifty @11101
Exited - 11060
and holding 75 Qntty

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I am booking all profit now, Will enter once the trend line is broken only

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guys Who ever taken short position maintain the stoploss and the 1st target.
it will give the target today,

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Sell Entry Spot price-11090
Target- 10990, 10930
SL- 11190 and trail.

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If you feel it is big stop loss then wait for my next post

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On the Red Trend line now it is taking support probably it will go higher price and come back, we will wait.

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Shorted Nifty now

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Future 11105

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According to My analysis Market can correct 100 Points, Lets see, taken position as above

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It seems Good level of support is there @11100
But still will hold it let's see.

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Anybody want to short Nifty short now.

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In the retracement near 11110 Future

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How is the josh guys!!

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Booked all my profit 30k today,

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I am a very safe trader dont want market to take it again

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market is bullish now

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so much selling happening, be cautious

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better not to enter trade

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fight happening btw bulls and bears, lets see who wins

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Comment: Anybody want to short Nifty short now.
2 hours ago
Comment: In the retracement near 11110 Future

Here i entered with Option 11050 pe 52 exited 64 , !2 points and 2000 qntty.

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today done with 38k+ total profit.
I no need to brag or my profit will not help you anyways but it may give you confidence to trade with me.
Cheers!!

manotrade28

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