Nifty Price is trading at the APEX of the 'Diamond Top Pattern' or 'Symmetrical Triangle Pattern' on the verge of breakout. Breakout can come any side. But if we consider the Negative divergence in the CCI Indicator (20), then most likely the breakout should be on the downside. Confirmation will be an End of Day(EOD) closing below 10745-10765 support zone.
Trade Setup
Cmp - 10795
Short Nifty Futures on any rise till 10860 Spot
Stoploss 10900 Spot
Target :- 10700 / 10610-630 / 10550
Trade Setup
Cmp - 10795
Short Nifty Futures on any rise till 10860 Spot
Stoploss 10900 Spot
Target :- 10700 / 10610-630 / 10550
Trade ist aktiv:
Today Nifty Spot opened at 10808. Short was active at opening. After that made low of 10692.
So First Target of 10700 is done ✔️👍🏻
So First Target of 10700 is done ✔️👍🏻
