Setup - Bearish
Target - 20200 (spot)
SL - 1% (Approx 22430 - 22460)
Time frame - 3 - 6 months
Expected :
1st Target - 21000 (0.382 fib levels)
2nd Target - 20200 (0.618 fib levels)
Reason of bearish setup -
1. Range of move is complete in index
2. Fib levels conjugating with previous rally base rally (16800 - 18800 - 22297)
Target - 20200 (spot)
SL - 1% (Approx 22430 - 22460)
Time frame - 3 - 6 months
Expected :
1st Target - 21000 (0.382 fib levels)
2nd Target - 20200 (0.618 fib levels)
Reason of bearish setup -
1. Range of move is complete in index
2. Fib levels conjugating with previous rally base rally (16800 - 18800 - 22297)
Trade closed manually
Would suggest 50% position booking here and rest SL CTCReason - Risk Reward same 2% risk SL saved and 2% TGT achieved.
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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.