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?
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.
Time to trail your stop loss as per your plan.
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 :)