Nifty : 9700 is not far away

Hi,

This is a continuation of our previous thread flag break down of Nifty. See chart for lastest trade setup.

Nifty heading downward to the bottom of rectangle as expected & a new trade setup is developing once it breakdown the rectangle and aim for 10k-9800-9700 as initial targets.

Trade plan : Once breakdown is confirmed - wait for retest of break out zone and set limit short order below the previous low and join with the impulse with minimum risk.

...

** Dont be aggressive to short ( Be aware of bear traps) and stay with strict money and risk management while trading.

Trade with care,
Gulz

การซื้อขายยังคงดำเนินอยู่:

awsome move .. 200+ points move in nifty and a perfect close at the EOD ... let bears rule for sometime :)

การซื้อขายยังคงดำเนินอยู่:

การซื้อขายยังคงดำเนินอยู่:

Ichimoku signals bearish trend in 4 hr
- Thick bearish future cloud
-TK Cross
- Structure ( Rectangle break)

การซื้อขายยังคงดำเนินอยู่:

For those who missed previous short setup, market may give another good risk reward opportunity

ความคิดเห็น:

please read as 'top of U-MLH'

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การซื้อขายยังคงดำเนินอยู่:

Next target for bears 10040 .. and we are nearby :)

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การซื้อขายยังคงดำเนินอยู่:

Closed below 10k

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