Minor upside still left. But Weak Upside, Trail SL for NSE:NIFTY by Nrupen

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nifty50 nifty niftyindia niftytrend niftylong niftyanalysis niftyoutlook niftyprediction

Market opened with another shift in price, since all momentum indicators are oversold, this upside is not a strong upside and have high chances of failure, if you are holding a long position start trailing SL properly to protect your profits.

Regards,
Nrupen

Comments

Dear @Nrupen how did you conclude that 8300 will be a crucial juncture for a pull back. Thanks!!

gameofmoneys

@gameofmoneys, Are you asking about last day's post.

gameofmoneys

@gameofmoneys, This one

Nrupen

@Nrupen, yes sir, what can be the target downside?

gameofmoneys

@gameofmoneys, Where price gonna move depends on support or resistance break. when support or resistance breaks I check indicators and how much price shift was spent to break support or resistance. Then I project that price shift in direction of price, that's usually how I always take targets.

Nrupen

@Nrupen, Thanks