Nifty - Long - Swing Trade

2019年11月25日

Nifty formed a bullish flag pattern followed by a consolidation before a breakout to reach the top of the flag.

Further consolidation was seen in the ~11800-12000 range.

Nifty has witnessed a breakout from this range and is thefore expected to resume its upmove to the target of 12775 given the length of the Flag Pole.

This is ofcourse going to be a swing trade with positions to be held for several weeks.

I will post updates on the trade from time to time.

Stop Loss should be maintained at 11800.
Target: 12775

2019年11月28日

註釋

The trend on the upside appears to be intact. SL can now be trailed up to the last swing low at 11880.

2019年12月5日

註釋

It would appear that Nifty has found support in the vicinity of 11900. There also appear signs of exhaustion as reflected in the lower RSI but demand around 12000 is noticable. Consolidation should be expected.

2019年12月20日

註釋

The SL can now be trailed up to 12000.

Nifty has indicated that the uptrend is intact.

2020年1月3日

註釋

SL can now be trailed to 12100.

2020年1月6日

交易結束：達到停損點