Nifty short setup with a Ratio of 1 : 3
if Pennat formation broken to the up side then possible targets could be 5365/5515/5658
Nikkei broke the trendline today and closed around 16250. will it retrace again back to the trend line where fibbo of 78.6 lies. 16900-17110 can be a good zone to short. can long till 16900 with sl of 16050.
Looking like cup and Handle Breakdown on Hourly chart. Should reach 8360 in Few trading sessions or till expiry.
Good bullish formation. Breakout of consolidation will lead to targets of 1200. Risk to reward ratio 5:1
