Short Nifty at 15140
Stop-loss 15275
Target 14311 : Where C = A & Risk/Reward is 1:6
Target 13721: Where C = 161% of Wave A & Risk/Reward is 1:10+
It's been a spectacular bull run since March 2020 Lows. Expecting some correction or deeper pullback this time.
Nifty trading at resistance or near to Corrective Wave B highs.
I'm shorting nifty, anticipating that Wave B is completed at 15273, and now we are going lower in Wave C for a target of 14311 ( C=A ) or deeper at 13721 ( 161% of Wave A )
We can never be sure that it's a Wave C and Nifty will fall. Trading is all about probabilities, It's probable that Wave B is completed and Nifty may fall or correction may come in form of Wave C to mention targets.
We can not control the outcome, we can only control our trade.
If I'm wrong on this trade then my Stop-loss is at 15275 or 135 Points. It's a good opportunity to trade for me because of the Risk To Reward Ratio.
Stop-loss 15275
Target 14311 : Where C = A & Risk/Reward is 1:6
Target 13721: Where C = 161% of Wave A & Risk/Reward is 1:10+
It's been a spectacular bull run since March 2020 Lows. Expecting some correction or deeper pullback this time.
Nifty trading at resistance or near to Corrective Wave B highs.
I'm shorting nifty, anticipating that Wave B is completed at 15273, and now we are going lower in Wave C for a target of 14311 ( C=A ) or deeper at 13721 ( 161% of Wave A )
We can never be sure that it's a Wave C and Nifty will fall. Trading is all about probabilities, It's probable that Wave B is completed and Nifty may fall or correction may come in form of Wave C to mention targets.
We can not control the outcome, we can only control our trade.
If I'm wrong on this trade then my Stop-loss is at 15275 or 135 Points. It's a good opportunity to trade for me because of the Risk To Reward Ratio.
Giao dịch đang hoạt động
Ghi chú
Nifty set to open above Stop-loss price @ 15275. For me any single tick above SL is a stop-loss triggered to exit position. In case like today when opening is above the stop-loss price, I will wait for the 15 min 1st candle to get completed & will be placing stop-loss at 9:30 at the high of 1st candle.
This is not the 1st time, in past there are many caes like this.
Ghi chú
Nifty Stop-loss is at 15337. Any single tick above 15337 is SL triggered. CMP 15300Ghi chú
Nifty Shorted at 15140Target is 14311 for 1:6 Risk / Reward - Where C=A
Today's Low So far 14350.
CMP 14400
The next Target is 13721 For 1:10 Risk/Reward
Not in a hurry to book profit, let the profit run. Awaiting 13721 With Trailing Stop-loss.
Ghi chú
1:6 Risk/Reward achived at 14311. Nifty Shorted at 15140.Awaiting 1:10 Risk/Reward at 13721.
Ghi chú
C=A is completed.
Awaiting C = 161% of A. at 13721
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Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.