Nifty is Bearish for as per chart, Short on Rise Strategy
Nifty given a close on 30 min TF under the trend line, has become bearish for a short time.
Short on rise should b e the strategy with a proper candlestick pattern, like Bearish Engulfing.
Drawn the Trajectory, Just be cautious if a gap down happens Nifty can come to test the 20th April low 9245-50. So wait for a pullback then enter.
Follow the Chart, (and 20th April view if a sharp up move is seen then only you can follow.)
Cheers!!
Short on rise should b e the strategy with a proper candlestick pattern, like Bearish Engulfing.
Drawn the Trajectory, Just be cautious if a gap down happens Nifty can come to test the 20th April low 9245-50. So wait for a pullback then enter.
Follow the Chart, (and 20th April view if a sharp up move is seen then only you can follow.)
Cheers!!
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Check the below link for update.
in.tradingview.com/chart/H17pzSY2/