If Nifty breaks 12020 with a huge volume, the bull flag confirmed. Bought at 11750 with a target of 13200 and stop loss of 11550.
Breaking of 38.2% Fibonacci level rejects the idea of a bull flag.
Breaking of 38.2% Fibonacci level rejects the idea of a bull flag.
Zlecenie aktywne:
Yesterday, the market got supported by the 38.2% Fibonacci level. A close below 11550 rejects the idea of a bull flag.
Komentarz:
Target 1 hit
Profit 1 of 800 points
Profit 1 of 800 points
Komentarz:
13000 can be psychological resistance. Partial profit can be booked at this level.
I bought it at 11750 so exiting at 13000 means a profit of 1250 points in less than 1 month.
I bought it at 11750 so exiting at 13000 means a profit of 1250 points in less than 1 month.
Komentarz:
Nifty made a high of 13145. We can book profit in 12850-12900 levels and close this trade.
Zlecenie zamknięto ręcznie:
Closing the trade
Target 1 - 12500
Target 2 - 13200