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NrupenM
Jan 6, 2017 4:53 AM

Minor upside still left. But Weak Upside, Trail SL Long

Nifty 50 IndexNSE

Description

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
udemy.com/trade-with-technical-analysis/?couponCode=UNIVERSAL
Comments
gameofmoneys
Dear @Nrupen how did you conclude that 8300 will be a crucial juncture for a pull back. Thanks!!
NrupenM
@gameofmoneys, Are you asking about last day's post.
NrupenM
@gameofmoneys, This one
gameofmoneys
@Nrupen, yes sir, what can be the target downside?
NrupenM
@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.
gameofmoneys
@Nrupen, Thanks
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