Was bullish on ACC stock in morning so I waited for day's high to break and also made my followers aware of this position. My targets were 1245 where I booked 50% and then trailed. 1245 is also the resistance for intraday. ACC made high of 1257, I booked whole amount at 1249 after it made a indecision candle.
Bearish Flag formation in Nifty, will it go lower? Nifty has broken the up trend line. And trading at the support of 9091. If broken, more downfall on the way to 9018, 8909. Tradingview: @heycy
An axiomatic charts for learning purpose. Nifty has immediate support & resistance at 8500 & 9000. Major resistance and support is at 8000 and 9500 as per OI data. EMA 5C shows the immediate trend which I use to enter to trade. Fibonacci retracement shows the support & resistance at 1D chart. Global Markets have ended in red hence, expecting gap down...
TL is broken and more fall expected towards next support: 76,72