Todays new HL 5343.90
..Amol
..Amol
Please note how the mkts have closed at 5440+ with bull HL at 5343 (100+ point difference).
So if mkts were to reverse tomorrow and hit 5342 to trigger our shorts we would have lost 100+ points from the peak.
this is where exit zones (greater fool's zone) based on 30 mins charts comes in handy. (already covered in a separate thread). And this is the profit booking strategy here under this thread (you can also use 3 EMA reversal sometimes to book on gap ups etc)
I will post about how to re-enter and how to pyramid over the weekend.
Till then enjoy your best friend ..the trend !!!
Cheers
SH