Nifty : Potential Triple Top Shorting Chance
Updated
Hi Guys,
We have potential triple top in Nifty which is currently in formation now and once we get valid confirmation for downside move we can initiate short positions.If you check RSI its giving bearish divergence as of now but we need to check what happens when triple top is completed. If everything goes as planned we can short Nifty and in this particular setup risk is very less as you can see from the chart.
You can also initiate short positions if the current candle ends as bearish engulfing, but enter small positions only ( for aggressive traders only)
Thanks for your support...
Happy Trading... !
We have potential triple top in Nifty which is currently in formation now and once we get valid confirmation for downside move we can initiate short positions.If you check RSI its giving bearish divergence as of now but we need to check what happens when triple top is completed. If everything goes as planned we can short Nifty and in this particular setup risk is very less as you can see from the chart.
You can also initiate short positions if the current candle ends as bearish engulfing, but enter small positions only ( for aggressive traders only)
Thanks for your support...
Happy Trading... !
Trade active
Nifty opened in our zone n moved down...lets see what happens hereafterNote
Will Nifty reach our targets today itself ? I'm waiting...Note
Nifty did it, hope some of you booked profits..Lets trail our stops on remaining positions but I expect 2mrw to be green day..Lets see...
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