Nifty - Bearish Trade in Downtrend

١٧ ديسمبر ٢٠٢٢

Nifty has turned bearish and left the previous bullish channel that I had traded last two weeks. Now, we can see Nifty is travelling in a downtrend channel. People will say there is a bullish opportunity and that too is okay. But in a downtrend, I will prefer bearish trades. Here the chart is self explanatory. I will first take a bearish trade near the channel midline and pay 20 points SL to market . If SL is taken I will wait for it to reach channel top and then take another bearish trade, again with a SL of 20 points max. Please remember, never fight the market and just bow down to the SL if it is not working as per your analysis. There will be better trades ahead. Thank you!

٢٠ ديسمبر ٢٠٢٢

أغلقت الصفقة: تم الوصول للهدف

Closed the trade in profit, I will post the next week update by Friday. Thank you!

٢١ ديسمبر ٢٠٢٢

ملاحظة

Two similar opportunities with same view within a week, but I advise to take just one swing in a week. Lesser trades, more profits.