Refer charts for details. This is a positional / swing trade (not Intraday / Scalping trade)
Refer Chart for details. Please note this is a positional / swing trade (not scalping / intraday)
Refer Chart for analysis & targets
- A Triple top kind of pattern at ~ 1940 - Price unable to break Kumo - A Short at 1750 or 1775 with SL at 1815 & Target of 1620 (just above 38.2 retracement) should be possible - The above trade will be a R2R of 1:2 or little better
Details specified on chart
This is my fist attempt @ analysis, so be cautious - The NIFTY has done kind of double top & RSI showing divergence - The support of 9685 is held & a 61.8 retracement of 10,185 to 9,685 is almost done - A short with first target of 9644 & 2nd target of 9310, which are 23.6 & 38.2 retracement respectively of 7,896 to 10,185 on the longer time frame is possible -...