1. Nifty has been on a selling / down trend in 4H and in D levels. 2. The miniature buy trend that started around 17000 confirmed the trend reversal today by its 1H candle. 3. Two options :
IF BUY, - Wait for pullback ( 15 Minutes needs to be engulfed bullish for the pullback to close ) - Entry at the discounted price, the next candle - Take profit would be at 17345. - SL at 17015
NOT OPTING FOR SELL HERE if the pullback fails and the sell continues.
Comment
⋅
If this setup fails, the potential mistake would be not waiting for the 4H close bullish.