Nifty is holding to it's support

Aug 26, 2020

Nifty is holding to it's trend line support. As long as it's holding it, I am bullish on it. MACD is also closing in for a long.

So, the target remains 12240 and Stop Loss has been moved to 11390.

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.

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...