"Nifty seems to be maintaining steady support along this trendline. A potential trade opportunity could involve a tight stop loss of 50-75 points below the trendline."
In the event of a breakdown, you also have the chance to initiate a short position.
In the event of a breakdown, you also have the chance to initiate a short position.
Note
It appears to be a promising opportunity to enter now and set a stop-loss order below the previous low.
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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.