Nifty Short trade
تم تحديثه
As we saw in our last trade of Nifty which didn't initiate, there was possible alternate scenario which is continued in this chart. This is a very good Elliot formation with a wedge formation in the 5th wave.
Strategy:
1> Sell level is mentioned at 10719 and 10738 price(in blue line) in the chart.
2 > Stop loss would be 10751 (in red line).
3> 1st Target would be 10565 and 2nd Target would be 10458.
Risk to reward is very high in this trade (with 1:5 at just 1st target). After 1st target reduce your sell quantity to 40%.
Strategy:
1> Sell level is mentioned at 10719 and 10738 price(in blue line) in the chart.
2 > Stop loss would be 10751 (in red line).
3> 1st Target would be 10565 and 2nd Target would be 10458.
Risk to reward is very high in this trade (with 1:5 at just 1st target). After 1st target reduce your sell quantity to 40%.
ملاحظة
Breakout of the wedge pattern was witnessed and Stop loss was hit. Market can go to 10850 level from here and will update with my counts for further trade.
إخلاء المسؤولية
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