Nifty 50 IndexLong
Nifty showing Reversal signs
Nifty is holding the lower levels and showing a clear reversal signs.
The buyers aren't allowing the sellers to take the price lower.
I've taken a counter trend long position with a 2:1 risk reward view. Purely intraday basis as shown.
This is a risky trade since this is counter trend. Not advisable. However, I have a gut feeling based on price action and hence taking this. Use your own discretion.
The buyers aren't allowing the sellers to take the price lower.
I've taken a counter trend long position with a 2:1 risk reward view. Purely intraday basis as shown.
This is a risky trade since this is counter trend. Not advisable. However, I have a gut feeling based on price action and hence taking this. Use your own discretion.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.