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 :)