Nifty : Potential Triple Top Shorting Chance

8 months ago
Hi Guys,

We have potential triple top in Nifty             which is currently in formation now and once we get valid confirmation for downside move we can initiate short positions.If you check RSI its giving bearish divergence as of now but we need to check what happens when triple top is completed. If everything goes as planned we can short Nifty             and in this particular setup risk is very less as you can see from the chart.

You can also initiate short positions if the current candle ends as bearish engulfing , but enter small positions only ( for aggressive traders only)

Thanks for your support...
Happy Trading... !
8 months ago
Trade active: Nifty opened in our zone n moved down...lets see what happens hereafter
8 months ago
Comment: Will Nifty reach our targets today itself ? I'm waiting...
8 months ago
Comment: Nifty did it, hope some of you booked profits..Lets trail our stops on remaining positions but I expect 2mrw to be green day..Lets see...
8 months ago
Plus Next Fibonacci Retracement level falls near 8575, Next level run only possible once we get closing above 8600 or else we might witness some correction as pointed by you.
Let see how it turns out.
+1 Reply
InsiderB ssujay11
8 months ago
Yep..Lets see what happens..
jackson_philips InsiderB
8 months ago
Good Analysis :)
In the end all correct analysis will match, be it Fibonacci, GANN, Gartley etc etc
As per my so called GANN Analysis.. 8557 on Futures is a point to look at... Below 8557 it could drop some more..
Once again I really appreciate your views.. Thank you soo much
+1 Reply
InsiderB jackson_philips
8 months ago
Thanks for those kind words.. yes you are right in your view. There are 1000 ways to make money in markets, just choose one n follow your Plan sincerely :)
8 months ago
Awesome Perfect!!!
+1 Reply
InsiderB mac.mistry
8 months ago
Thank you mac.mistry !
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