Description
⋅ Long NIFTY above 11714 with 100 points SL at 11614. Target 12000/12100++
Use Fibo levels to move TSL as shown in the chart. Have TSL on day close basis to avoid whipsaws.
Trade active
⋅ Minimum target reached above B point, which is not significant to book profit. But now should move TSL at cost i.e. 11714.
Move TSL to 11768 when 11857 is crossed and sustained and so on, but jump one fibo up and move to 11857 after 11920 sustains.
Trade closed manually
⋅ Trade closed with only 100 points profit as global environment is not favorable to carry long over the weekend.