After my previous post on Nifty, and as mentioned there, we got the entry in Nifty around 19525 and we are already in profit of 185 points. So what’s the target… Lets discuss with the help of below chart.
Here we can see that as mentioned in earlier post of Nifty, we entered as soon as it gave a break-out. Some entered near 19525 and other entered near 19567 when it crossed the hight of previous red candle. So far its in profit. But what should be our target. As per Fibonacci, target comes out to be 20065. And 20000 is psychological level. So somewhere between 20,000 to 20065 should act like resistance. Keep trailing your SL. Lets see. ✌️
