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Nifty Financial Services Index – Bearish Trade Setup Using TTFI Nifty Financial Services Index – Bearish Trade Setup Using TTFI System & AGIESX Risk Management 📉 Market: Nifty Financial Services Index (CNXFINANCE) ⏳ Timeframe: 15-Minute Chart 📊 Trading System: TTFI Trading System ⚙ Risk Management: AGIESX 🔍 Trade Idea Overview: This analysis presents a Bearish Trade Setup identified using the TTFI Trading System alongside the AGIESX Risk Management Tool to ensure a structured risk-to-reward approach. 📌 Entry Point: A SELL signal was triggered near 24,912.95, confirming downward momentum. The entry was placed after a strong bearish engulfing candle, indicating seller dominance. 📌 Stop Loss (SL) : Positioned at 25,049.71 (marked in red) to limit risk exposure. SL placement follows AGIESX guidelines, ensuring optimal loss control. 📌 Target Levels (T1, T2, T3, T4): T1 (24,776.19) – First level for securing partial profits. T2 (24,639.42) – Strong support zone aligning with previous price action. T3 (24,502.66) – Deeper bearish target for extended profits. T4 (24,365.90) – Ultimate downside target based on technical analysis. 📌 Key Observations : ✔ Strong Initial Sell-Off: Large red candles indicate a surge in selling pressure. ✔ Sideways Consolidation Post-Drop: Market remains in a tight range, confirming bearish sentiment. ✔ Strategic TP Levels: Each target is aligned with key support zones, improving risk-reward efficiency. 📉 Conclusion: This bearish setup follows a systematic approach, leveraging the TTFI Trading System for precise entry/exit points and AGIESX Risk Management for optimal stop-loss and take-profit execution. ⚡ Stay tuned for more insights, and manage your trades wisely! 🚀
NSE:CNXFINANCEShort
by quantdexindia