The NIFTY (15-minute timeframe) chart highlights a well-executed short trade setup, delivering exceptional precision and profitability. Using the Risological Trading Indicator, traders were able to navigate this trade seamlessly.
Trade Highlights:
Entry Point: Positioned at 24,207.85, following a strong bearish signal confirmed by the downward Risological Lines and swing trendline alignment.
Targets Achieved: All targets were successfully hit:
TP1: 24,128.20
TP2: 23,999.25
TP3: 23,870.30
TP4: 23,790.60
Stop-Loss: A tight SL at 24,272.35 ensured disciplined risk management.
Key Observations:
Risological Lines: The collapsing Risological Red lines indicated strong bearish momentum, guiding traders to confidently hold the short position.
Momentum Continuation: Steady selling pressure confirmed the trade's directional strength, allowing all targets to be met efficiently.
Conclusion:
This trade on NIFTY showcases the power of technical analysis and precise execution. The well-structured risk-to-reward ratio made this short trade an outstanding success. Traders leveraging the Risological Indicator reaped impressive intraday profits—yet another win for technical discipline!