Nifty moving in a symmetric triangle
Broke out strong on RBI interest rate decision day
Breakout faded as bulls failed to move price higher
Consecutive last 3 trading days closing<openings
During closing hours big boys moved the price downside and closed below key round level 25000 and trendline of the triangle.
Possible target are marked in chart
Play bear put spread with 1:4 RR.
Happy trading.
Broke out strong on RBI interest rate decision day
Breakout faded as bulls failed to move price higher
Consecutive last 3 trading days closing<openings
During closing hours big boys moved the price downside and closed below key round level 25000 and trendline of the triangle.
Possible target are marked in chart
Play bear put spread with 1:4 RR.
Happy trading.
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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.