Indice Nifty 50Short
Nifty Trade Setup: Wave 4th Selling Opportunity, 1:7 RR
Aggiornato
Nifty Wave Analysis: July 18th 2024
Nifty is going up in extension after the June 4th crash. It clearly looks like Wave 3, and Wave 4 is about to begin.
Short Entry: 24587
Stop Loss: 24680
Expected Destinations:
23862 (23.6%)
23370 (38.2%)
And max 50%
Wave 4 could be a sharp correction, but we can't ignore the possibility of a time-wise correction. Therefore, selling monthly CE with a hedge is safer or Short Nifty Future.
Disclaimer: This is for educational purposes only and not for trading. Please do your own analysis before making any decisions.
Nifty is going up in extension after the June 4th crash. It clearly looks like Wave 3, and Wave 4 is about to begin.
Short Entry: 24587
Stop Loss: 24680
Expected Destinations:
23862 (23.6%)
23370 (38.2%)
And max 50%
Wave 4 could be a sharp correction, but we can't ignore the possibility of a time-wise correction. Therefore, selling monthly CE with a hedge is safer or Short Nifty Future.
Disclaimer: This is for educational purposes only and not for trading. Please do your own analysis before making any decisions.
Trade chiuso: stop raggiunto
Stop Loss triggered.
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