This is a continuation of our previous thread flag break down of Nifty . See chart for lastest trade setup.
Nifty heading downward to the bottom of as expected & a new trade setup is developing once it breakdown the and aim for 10k-9800-9700 as initial targets.
Trade plan : Once breakdown is confirmed - wait for retest of break out zone and set limit short order below the previous low and join with the impulse with minimum risk.
** Dont be aggressive to short ( Be aware of bear traps) and stay with strict money and risk management while trading.
Trade with care,
- Thick bearish future cloud
- Structure ( Rectangle break)