NIFTY potential shorting opportunity developing

Elliott wave counts (pink is preferred, yellow is alternate) mentioned. A potential setup seems emerging that will reach 10800 levels eventually or a triangle. Watching closely.

Trade ativo:

Lets see how this one goes with TSL of 11968. Thanks.

Disclaimer: my posts are only for educational purpose. If you take position, it's entirely your call; i have no connection with that or outcome of that trade.

Comentário:

Closed at 11750 spot. Net profit: 11940-11750 i.e. ~200 points with a risk of around 35 points (11968 spot).

Still watching the development. Most probably, it's going to be a short side entry.

Disclaimer: my posts are only for educational purpose. If you take position, it's entirely your call; I have no connection with that or outcome of that trade.