Nifty 50 IndexLong
Nifty EOD 20.10.2020
Updated
Today we got follow up HH/LL with non significant candle. It did break on resistance on up side 11939. I was not expecting an insignificant candle , but, now its a fact.
Stop Loss for longs is still intact. and if the low is protected then we may see a rally for 3 to 5 days of HH/LL structure.
I feel making a hypothesis and looking for clues to match hypothesis is what I am doing. Picture is never perfect but as the more clues get slinked in we will get the conviction to close trade at our target.
Lets see what follow up we get in coming days.
Stop Loss for longs is still intact. and if the low is protected then we may see a rally for 3 to 5 days of HH/LL structure.
I feel making a hypothesis and looking for clues to match hypothesis is what I am doing. Picture is never perfect but as the more clues get slinked in we will get the conviction to close trade at our target.
Lets see what follow up we get in coming days.
Note
we got a good opening, isn't it... Lets see what follow up we get now....Note
Longs exited as trailing stop loss of intraday 11975 hit... now will again wait.... no trade for the time being....
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