we can see a Break of Structure (BOS) marked near the 66,500 level, indicating a bearish trend shift. Price is currently trading around 66,138, below the 44-period SMA (66,602), which acts as dynamic resistance. The market appears to be in a downtrend, and after a BOS, we often expect a retracement to a key resistance level before further downside. Therefore, a short entry is recommended on a pullback.
Entry (Sell Limit): 66,500.00
Stop Loss: 66,750.00 (above the recent swing high and the BOS zone)
Take Profit: 65,750.00 (next support level visible on the chart)
This setup follows Smart Money Concepts, aiming to sell into resistance with a clear risk-reward ratio. Always manage risk appropriately and consider market conditions before entering.