NIFTY - Intraday for 7 May 2021
Updated
Index broke its psychological resistance of 14720 in the last minutes of the market indicates some buying pressure. We can execute Long if Nifty manages to stay above 14720 for longer targets. Trail your stoploss based on the Trendlines in RSI.
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Disclaimer : Kindly do your own analysis or consult your advisor before taking any trade. This view for educational purpose only
Kindly share your valuable feedback.
Disclaimer : Kindly do your own analysis or consult your advisor before taking any trade. This view for educational purpose only
Trade closed: stop reached
As expected, Index opened Gap up. But it could not continue its momentum and the trend line in RSI got broken. Trade closed with some profits as Trailing stop loss got hit
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