Hi,
Bear flag break down on hourly chart ... see chart for details
Trade with care,
Gulz
Bear flag break down on hourly chart ... see chart for details
Trade with care,
Gulz
Kommentar:
SMA 50 + Flag pattern == looks more bearish on hourly chart
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Book half of long positions , remaining carry forward to 10600 levels with trailing stop.
we will look to short around 10600 levels with small risk .. will be updating here
we will look to short around 10600 levels with small risk .. will be updating here
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trade only in futures (positional) instead of options till Nifty break the rectangular zone
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Last price 10592.5, book remaining longs.
Will wait for market reaction in coming days for next entry ( either short/long)
Will wait for market reaction in coming days for next entry ( either short/long)
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Rectangle working well ... :)
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Bears remain in control as long as nifty do not close above 10630 .. let's see whether the rectangle will be broken down or an upward breach will come ?
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Though we don't trade weekly chart -- its always good to have an outlook what's happening on higher time frames -- may be a guideline to look for what and which levels nifty may come in coming months .. Just sharing my thought on nifty
