vanathi

Arvind - May 29 Day Trade!

NSE:ARVIND   ARVIND LTD
344 2 12
Price action has formed an ascending triangle . Buy above 380 with the stoploss of 378. Targets are 383, 385, 387 and 390. Sell below 377 with the stoploss of 379. Targets are 374, 371 and 369. Intraday calls depend on the market opening. Analyse and follow your trading plan always. This trade is valid for May 29, 2017 only.
Trade active: Long
Trade closed: target reached: Trade closed on 1st target.
Comment: Impulsive trader's entry is long @ 383 exit @ 378(Losing trade)
A normal trader's entry. Short @ 377. Trade close @ 374.(winning trade) Problem is with the trader, not with price action.
snapshot
Looks like rounding bottom forming.
Reply
@AryaJoy, Ok :)
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