The NIFTY 15m timeframe revealed a strong short trade setup, capitalizing on bearish momentum. As of 12 Nov, 1:17 PM, the trade has already hit TP1 (24128.20) and TP2 (23999.25), delivering over 170+ points profit intraday – a remarkable gain for a single session!
Trade Snapshot: Entry: 24207.85 Stop Loss (SL): 24272.35
Massive Intraday Momentum: The trade leveraged a steep bearish trend, with prices moving sharply downward.
Confluence of Signals: The short setup aligned perfectly with a downward sloping RISOLOGICAL Lines and bearish candlestick patterns, validating the move.
Quick Scalping Opportunity: The quick descent to TP2 within a short timeframe exemplifies the strategy’s efficiency for intraday traders.
Profit Perspective: This setup's 200+ points profit intraday is a massive score for NIFTY, offering traders an exceptional risk-to-reward ratio. The move towards TP3 and TP4 looks probable, with continued bearish sentiment driving prices further down.
Conclusion:
A picture-perfect short trade setup on NIFTY has already delivered stellar returns. Traders riding this wave are poised for even greater profits as the index inches toward its lower targets. Keep an eye on the next support levels!