Update on this position-
After lurking around in the swing point area (mentioned in my last post) for few days, today this finally broke-out.
View attachment 50489
Due to how the overall markets surged today and the kind of volume this had, I was being a little cautious on this position. As this was almost near my target of 1100, I didn't want to expose the whole position to risk. Just to be safe I closed 50% of my position today @1086.50.
After lurking around in the swing point area (mentioned in my last post) for few days, today this finally broke-out.
View attachment 50489
Due to how the overall markets surged today and the kind of volume this had, I was being a little cautious on this position. As this was almost near my target of 1100, I didn't want to expose the whole position to risk. Just to be safe I closed 50% of my position today @1086.50.
Closed my complete position here today @1100. I am not closing this because it doesn't look strong anymore. In fact I am closing it on strength today. The reason I am closing is because a) It has already reached my preconceived target and b) I cannot see and make a thesis on how it can grow further from here, specially in the near term range bound market.