NIFTY potential shorting opportunity developing
Elliott wave counts (pink is preferred, yellow is alternate) mentioned. A potential setup seems emerging that will reach 10800 levels eventually or a triangle. Watching closely.
Trade active
Lets see how this one goes with TSL of 11968. Thanks. Disclaimer: my posts are only for educational purpose. If you take position, it's entirely your call; i have no connection with that or outcome of that trade.
Note
Closed at 11750 spot. Net profit: 11940-11750 i.e. ~200 points with a risk of around 35 points (11968 spot).Still watching the development. Most probably, it's going to be a short side entry.
Disclaimer: my posts are only for educational purpose. If you take position, it's entirely your call; I have no connection with that or outcome of that trade.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.