Nifty has shown a resistance near 50% retracement of all time and swing low 24770.
Looks like wave B has completed.
we will observe the Price tomorrow near 24500 or below Yesterday low. Shorts can be initiated on weakness with Protective SL of 24772 and Target of 24150-24060- 23970 in 1-2 Days.
We can see 24k on this expiry.
Looks like wave B has completed.
we will observe the Price tomorrow near 24500 or below Yesterday low. Shorts can be initiated on weakness with Protective SL of 24772 and Target of 24150-24060- 23970 in 1-2 Days.
We can see 24k on this expiry.
Trade active
Nifty weakness resistance in early 1 hour and retracement in intraday gave good short opportunity. Achieved our target 1 24150 today.
Tomorrow below 24150 i see more weakness to our 2nd target 24060 and temporary intraday strength if goes above 24300 (swing high hourly)
Positionally I will remain short unless stays above 24500
Trade closed: target reached
All targets achieved. 🙏🔥
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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.