I have been on a good long leave. Let's look at the chart on 15 min. Nifty has been in downtrend for long and now it is in consolidation. We can get a good breakout or breakdown depending on where Nifty trades this week. My trade plan is pretty clear. I am bullish in Nifty this expiry but if Nifty decides to break the support, we can get a superfast 17200 level, nothing surprising. Always take correct entry as close a SL and have no more than 20-25 points as SL. If market takes my SL, I will exit and will either look at new price action or will trade next expiry if I don't find any proper price action. Thank you!
Trade closed: target reached
First target achieved, closed the trade.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.