NIFTY..triangle.

NIFTY still is in a triangle on daily charts.
but todays move is highly bearish . started with a gap down and never filled the gap.
had a trending bearish move today..
wait for traingle to break for fresh shorts, for target of 11600

Note

gapped down below triangle..not good..
nifty at 200 dma.. considering the weakness i am expecting lower levels, whether after a bounce or not, time will tell

Trade closed: target reached

11600 reached

Note

what a fall breaking the triangle and now gapped down below 200 dma, with heavy selling

mklives

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mklives

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