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Jul 19, 2019 10:33 AM

Weekly trendline broken.. more downmove expected Short

Nifty 50 IndexNSE

Description

Weekly candle closed below trendline. If on Monday price breaks today's low, trendline break will be confirmed. Next major target for short trade will be around 11066 - 11130 zone, where it will reach next major weekly trendline. If it breaks that too, it should reach 10000 level in no time.

Comment

price coming close to the target as anticipated.

Trade closed manually

market entering into a sideways range, so manually exited trade.
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