Usorama
Short

Nifty started it's journey to 8400

NSE:NIFTY   Nifty 50 Index
Nifty reacted today beautifully from Daily Supply Zone that coincides with resistance at 8700 and top of the trend line . It could travel back with a gap up opening or another sideways consolidation day, before honoring the trend towards reaching 8400 odd levels. Thoughts?
Trade active: first target around 8560 - watch price action at the purple line and trade as per your plan. Don't give back profits if this works. Right now this trade still looks good.
Comment: Time to trail your stop loss as per your plan.
Comment: Nifty is reaching the second target. Time to book partials.
Trade closed: target reached: Nifty reached our ultimate target. Hope you booked profits or trailed your stop losses accordingly. This trade is now closed :)

Comments

Boss.. what a coincidence, I have the same view but with some patterns thrown in, just posted sometime back !
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Usorama InsiderB
nice :) more similar views, more strength in trend and trade :) thank you
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