Well, it has been doing a very choppy move since the 955 highs giving nightmare to traders.
Going above 865 it should travel in the next choppy zone of 900-915 & let me come back again.
You would love to read my previous update
Amaraja Bat- Will it discharge between 1100-1130 Zone- Indeed it discharged
Wow!- It did not move 865-867.50 & dropped as suggested above, we buy above 865 if sustains - it dropped to 842 next.
If we get a pullback in the zone 850-855 -look to buy above 865 for target 878-880 in the short term-if extends trail with stops below 875- keep trailing till the time you are thrown out of the market by the market.
We got the pullback as expected in previous update 850-855 -so we want the price to move above 865 for an upside move & target 878-880 zone.
Going Above 875 only -Now we think one should look to buy else avoid going long.
It has started signs of recovery by today's move, but we still won't hurry & wait for more clues likely 840-855 is the zone if holds in coming days then I think it is a nice setup for good move next.
Doing a pullback -long position can be established in the zone 850-860 or moving above 896.
Bang On!- It kisses 855 low as expected again from 896 highs- Now moving above 865 -I will be check again.
As expected range of buying was 840-855 -it crossed 865 trigger point. Once crosses 896 -recent high then it will be nice for the dead battery to get alive.
Abhishek H. Singh, CMT
Growth Director - TradingView India
YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw