Bearish Flag Breakdown in Nifty 50 – A Shorting Opportunity
Bearish Flag Breakdown in Nifty 50 – A Shorting Opportunity
🚨 Entry: Sell at 23,645
🚨 Stop Loss: 24,050
🚨 Target: 22,580
🚨 Risk-to-Reward Ratio: 1:3
🔍 Analysis:
The Nifty 50 has formed a classic bearish flag pattern, signaling potential downside momentum. A breakdown below 23,645 provides an ideal entry point for short-sellers, with a tight stop-loss to limit risk.
With a strong confluence of technical indicators pointing toward further downside, the target of 22,580 aligns with the measured move of the flagpole, offering an attractive risk-to-reward ratio of 1:3.
💡 Tip: Always adhere to your trading plan and risk management strategy. Never risk more than you can afford to lose.
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⚠️ Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. I am not SEBI-registered. Please consult with your financial advisor before making any trading decisions. Trade responsibly!
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What’s your view on this setup? Let me know in the comments below!
🚨 Entry: Sell at 23,645
🚨 Stop Loss: 24,050
🚨 Target: 22,580
🚨 Risk-to-Reward Ratio: 1:3
🔍 Analysis:
The Nifty 50 has formed a classic bearish flag pattern, signaling potential downside momentum. A breakdown below 23,645 provides an ideal entry point for short-sellers, with a tight stop-loss to limit risk.
With a strong confluence of technical indicators pointing toward further downside, the target of 22,580 aligns with the measured move of the flagpole, offering an attractive risk-to-reward ratio of 1:3.
💡 Tip: Always adhere to your trading plan and risk management strategy. Never risk more than you can afford to lose.
---
⚠️ Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. I am not SEBI-registered. Please consult with your financial advisor before making any trading decisions. Trade responsibly!
---
What’s your view on this setup? Let me know in the comments below!
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