Index ASX 200 reaches our 1st, 2nd & 3rd Profit Targets set through our blog post dated October 18, 2020
According to Wikipedia, “Index ASX 200 index is a market capitalization weighted and float-adjusted stock market index of stocks listed on the Australian Securities Exchange. The Index ASX 200 is maintained by Standard & Poor’s and is considered the benchmark for Australian equity performance”.
Index ASX 200 at the time of writing this post is trading at the price level of 6,445.
In our blog post dated October 18, 2020, we wrote for Index ASX 200, “As per our Learn Index Trading course, for Index ASX 200 to breakout to move to the upside it has to close above the previous high of 6,207.6 on a weekly basis and then its high has to be taken out. Then as per our Learn Index Trading course, the price objectives for Index ASX 200 can be projected as below:
- 6,323.2
- 6,417.3
- 6,511.4
- 6,598.5
- 6,880.2″.
At the time of our blog post dated October, 18 2020, Index ASX 200 was trading at the price level of 6,203.6. We identified the level of 6,207.6 as the then resistance. After crossing our identified resistance, Index ASX 200 reached our 1st, 2nd & 3rd targets on the same day i.e. on November, 9 2020.
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Written by
Partha
Partha Banerjee is the Founder, Principal Trader, and Director of N P Financials Pty Ltd, one of Australia’s most respected ASIC-regulated proprietary trading and trader-training firms and an AFSL holder. With decades of experience across multiple market cycles, Partha is known for his disciplined, structure-first trading approach, grounded in transparency, risk management, and real-market execution.
He actively trades the same strategies he teaches, specialising across Forex, Equities, Commodities, Indices, Cryptocurrencies, and intraday markets. Under his leadership, N P Financials has become a globally recognised trading education and proprietary trading organisation, earning multiple national and international awards for regulatory excellence, educational depth, and long-term trader outcomes.
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