Ambuja has hit the 127.2% extension of the drop from 12th September 2017 - 23rd March 2018
This extension level is quite often a reversal point.
Correction is possible from here onwards - MFI is below 25
SL could be below 194
This extension level is quite often a reversal point.
Correction is possible from here onwards - MFI is below 25
SL could be below 194
Comment:
Long @207.5 (futures price)
Trade active:
Going well... this is probably still a good entry point with a tight SL of just below 205 in futures and 204 in spot
Trade active:
Inside candle dynamics at play. Theoretically a break above 213 could signal some profitable long position.
But I am already long with a very tight SL.
Very low risk in my current position and I am quite patient!!
But I am already long with a very tight SL.
Very low risk in my current position and I am quite patient!!
Trade active:
About 5 points from today's low
Comment:
About 8.5 points up since posting this analysis... approx 21000 profit per lot till now