The Hammer + NIFTY trend suggests an upward movement is on for tomorrow.
The idea is supported by FIB retracements, both for the recent fall & overall COVID fall.
Positional trades:
Buy above 88.65 for Risk-takers & above 89 for the risk-averse for targets of 90, 91, 92.5 & 94 with SL at 86.8
The idea is supported by FIB retracements, both for the recent fall & overall COVID fall.
Positional trades:
Buy above 88.65 for Risk-takers & above 89 for the risk-averse for targets of 90, 91, 92.5 & 94 with SL at 86.8
Trade active
Buy triggeredNote
T1 hit - market is consolidating volatile mode - trailing SL to 89 nowNote
Will trail SL to 90 when it crosses 91Note
Trailing SL to 90Trade closed: target reached
Partial Exit at 91 - holding call options for T3 & T4
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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.
Related publications
Disclaimer
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.