Nifty near support

Aug 25, 2020

Nifty has as yet maintained it's support level, so I am still bullish on it. It has closed way above it's support of 11400, even it's low was above 11400, well above it's stop loss of 11353. So, I am still Bullish on it, till it breaks it's support trend line.

Target remains 12240, Stop Loss 11350

Aug 26, 2020

Trade active

It's moving in our direction, Hope it achieves it's target.

Keep an eye on it's support, it's still very near it's support. This means we have a good entry. This also means we are very near our stop loss.

Aug 27, 2020

Trade active

Nifty opened Gap up and closed with red candle near the yesterday closing. High gap ups often make such red candles.

Trade remains open with our set target without any reason for change...

Aug 28, 2020

Trade active

It's moving in our direction!

Move stop loss to 11549

Aug 31, 2020

Trade closed: target reached

Did you guys book profit at 11549!

There's always a chance of trend reversal like what happened today. Trailing stop helps you win in such time...