Descending Triangle on Nifty - SHORTDescending Triangle on Nifty. On my study, nifty 8060 looking good support and if break the level and as well triangle, to continue the fall till 7935.
NIFTY50-SHORT
TCS - ShortRecommendation based on indicators.
Trade:
Short below - 2264
Target 1 - 2257
Target 2 - 2248
Stop Loss - 2277
Reward Points - 16
Risk Points - 13
NIFTY RISKY SHORT SETUP NIFTY LOOKING AT THE PATTERN ..WHENEVER GAP UP HAS BEEN OCCUR STRONG SUPPLY SEEN LATER AFTER BREACHING TL .. AS RBI POLICY IS AHEAD SO IT WILL BE RISKY SHORT SETUP AT THIS LEVEL 8740 WITH STOP OF 8780 WHICH WAS EARLIER STRONG SUPP WHICH CAN ACT AS RESISTANCE NOW .. TARGET FOR SAME 8695-8655
#RISKYNFSHORTSETUP
