nifty 50 short

HUNTSMAN_ Updated   
NSE:NIFTY   Nifty 50 Index
Trade Idea: Nifty 50 Index

Here's a trade idea for publishing based on analysis

- Trade Type: Short (Sell)
- Symbol: Nifty 50 Index
- Entry Price: 18569
- Stop Loss: 1889
- Target Price: 18526
- Trade Duration: Expected to be booked at 18555

Rationale for the Trade:
You have identified a short trade opportunity in the Nifty 50 Index based on the break of a support level on the 15-minute timeframe. The breakdown of support suggests a potential downward movement in the index.

Trade Parameters:
- Entry Price: You plan to enter the trade by selling the Nifty 50 Index at 18569.
- Stop Loss: To manage potential losses, you have set a stop loss order at 1889. If the price reaches this level, your trade will be automatically closed to limit your downside risk.
- Target Price: Your target price for this trade is set at 18526. Once the price reaches this level, you plan to book your profits and exit the trade.

Trade Execution and Duration:
Based on your statement, the trade is expected to be booked at 18555. It's important to note that the trade duration is not explicitly mentioned, so traders should monitor the market closely and adjust their strategy based on changing market conditions and price movements.

Please note that trading involves risks, and this trade idea should be evaluated within the context of your own trading strategy, risk tolerance, and market conditions. It's important to conduct thorough analysis, consider other factors such as market trends, fundamental indicators, and overall market sentiment before making trading decisions.
Order cancelled:

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.