Analysis
Trade Plan
Stick to swing trades if going long, it's ok to book profit early - we are not in a trending market anymore.
Try to short on confirmation, save a big chunk of your capital to go long at 21800 levels
Good luck, Happy trading!
- Nifty futures as of now has completed the weekly Head and Shoulder Pattern. A weekly close below 23900 will confirm this
- A downside target of 11% can be projected, with coincides with the election panic low of 21265
- This view will be invalidated if Nifty closes above 25000
Trade Plan
Stick to swing trades if going long, it's ok to book profit early - we are not in a trending market anymore.
Try to short on confirmation, save a big chunk of your capital to go long at 21800 levels
Good luck, Happy trading!
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.
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.