Indice Nifty 50
Short

Small Head and Shoulder spotted in nifty

Greetings! I'm excited to share with you a new trade proposal that I have been working on.

Firstly, let's take a look at the technical analysis. If the 17600 zones break tomorrow, then we may experience some downside momentum until it reaches 17500. In this case, our stop loss will be set at 17650 and our target will be 17500.

However, there is one important point to consider before entering the trade. The 15-minute candle must close below 17600, and entry should be taken only on a retest. If the support at 17600 does not break, then there will be no trade.

It's also worth noting that if the market gaps up significantly tomorrow, then this trade idea will not be applicable. In such cases, I will keep you updated on the market situation. Similarly, if the market gaps down to 17500, then we will not trade on this pattern.

I hope this proposal has piqued your interest, and please don't hesitate to follow me for more updates on the market. Thank you!

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