Nifty has been trading in a very small range on the daily chart and basically forming a contraction zone. This being an important support level, hopefully will not be breached.
However, the 2H chart suggests some down move as depicted and it provides a good risk reward ratio for the bears.
Will be looking for the short trade entry 2morow.
However, the 2H chart suggests some down move as depicted and it provides a good risk reward ratio for the bears.
Will be looking for the short trade entry 2morow.
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As expected the target has been achieved.