This is a continuation of our previous thread flag break down of Nifty. See chart for lastest trade setup.
Nifty heading downward to the bottom of rectangle as expected & a new trade setup is developing once it breakdown the rectangle and aim for 10k-9800-9700 as initial targets.
Trade plan : Once breakdown is confirmed - wait for retest of break out zone and set limit short order below the previous low and join with the impulse with minimum risk.
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** Dont be aggressive to short ( Be aware of bear traps) and stay with strict money and risk management while trading.
Trade with care, Gulz
Dagangan aktif
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awsome move .. 200+ points move in nifty and a perfect close at the EOD ... let bears rule for sometime :)