Indianifty
WEAKNESS in PVRSHORT SELL
BEARISH HARAMI PATTERN
TRENDLINE RESISTANCE
(1hr+4hr) Confirmation
TARGET 1620
STOPLOSS 1740 (closing basis)
Nifty : Risky setup to get short ! Usually I won't post trades with Entry,stops & targets but here posted it bcos its risky and counter trade, so everyone should know how I take on risky setups and my rewards ! Actually I want you to realize my risk rather than concentrating on my rewards and why I enter trade in the marked zone. Nifty may trigger my entry and raise straightup to stops or won't get triggered and move down to target - Don't get Emotional on these scenarios.
I may lose but you will get to know & Learn on how to enter & handle counter trend trades even after 100pts Gapup. If you learn and take away something - I'm glad about it !
Hit Like button to keep me motivated to post more ideas...Thanks for your support !
Happy Trading !!