NIFTY TGT 20200 in 3 - 6 months

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)

Trade fermée manuellement:

Would suggest 50% position booking here and rest SL CTC
Reason - Risk Reward same 2% risk SL saved and 2% TGT achieved.