Stock has risen from Golden Fibonacci Level of 38.2%. If sustains above TL and crosses 111 on Daily candle close then can target levels of 115, 120 and 125
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First target reached in 1 session only. Can book 40%
Trade closed: target reached
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2nd target also hit, can book 80%. Awesome swing trade
@Novicetrader2015, if the market positive on monday so target possible 111?
Or, june expiry possible 115 ?
Pls suggestions because i have CE 115 @3 HOLD YA EXIT ?
Novicetrader2015
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@jayeshkarmur1100, Stock should touch 114.70/115 by month end but needs to break the TL mentioned in chart on Daily closing basis.
It might retrace to 78.6% Fibo levels on Monday/Tuesday before bouncing back up. If your loss is big then exit if Daily candle closes below 105.50.
Just a suggestion - Don't trade in Stock options unless you have 2+ years experience and good knowledge of Options Greeks
Novicetrader2015
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@jayeshkarmur1100, Your monthly target reached today itself, hope you earned good :)