Nifty 50 IndexUpdated Nifty is Bearish for as per chart, Short on Rise Strategy
Nifty given a close on 30 min TF under the trend line, has become bearish for a short time.
Short on rise should b e the strategy with a proper candlestick pattern, like Bearish Engulfing.
Drawn the Trajectory, Just be cautious if a gap down happens Nifty can come to test the 20th April low 9245-50. So wait for a pullback then enter.
Follow the Chart, (and 20th April view if a sharp up move is seen then only you can follow.)
Cheers!!
Short on rise should b e the strategy with a proper candlestick pattern, like Bearish Engulfing.
Drawn the Trajectory, Just be cautious if a gap down happens Nifty can come to test the 20th April low 9245-50. So wait for a pullback then enter.
Follow the Chart, (and 20th April view if a sharp up move is seen then only you can follow.)
Cheers!!
Note
Exited my Positions.Check the below link for update.
in.tradingview.com/chart/H17pzSY2/
Trade closed: target reached
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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.
Disclaimer
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.