Hi guys,
Nifty has formed double top at 15300-15400.
The Index has touched and neckline and go below it and then bounced back and closed above the neckline of the double top.
As per FIB Extn the index was in the clear downtrend.
Hence, we can go for the Short below 14750.
Target 1- 14400
Target 2 -14200
Target 3 -14000
Target 4- 13700.
SL - 15450
Disclaimer: Kindly do your own analysis before executing this trade.
Nifty has formed double top at 15300-15400.
The Index has touched and neckline and go below it and then bounced back and closed above the neckline of the double top.
As per FIB Extn the index was in the clear downtrend.
Hence, we can go for the Short below 14750.
Target 1- 14400
Target 2 -14200
Target 3 -14000
Target 4- 13700.
SL - 15450
Disclaimer: Kindly do your own analysis before executing this trade.