TorrentPharm : Short Oppty : 1 HR TF : Reversal :Futures
Reason 1 : Reversal from Support Turned Resistance Range
Reason 2 : Reversal from 200 EMA
Reason 3: Strong Inverted Hammer formed at the Sweet Spot
I have shorted one lot of Future at 3,080.85 AND as of 13th March 25 it is trading at 3,059.80
Showing marginal profit .
My SL is at 3130 and Looking at least for 1:1.5 R:R , Will exit at Cost if Sharp reversal is seen.
Reason 1 : Reversal from Support Turned Resistance Range
Reason 2 : Reversal from 200 EMA
Reason 3: Strong Inverted Hammer formed at the Sweet Spot
I have shorted one lot of Future at 3,080.85 AND as of 13th March 25 it is trading at 3,059.80
Showing marginal profit .
My SL is at 3130 and Looking at least for 1:1.5 R:R , Will exit at Cost if Sharp reversal is seen.
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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.