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vanathi
May 29, 2017 2:59 AM

Arvind - May 29 Day Trade! 

ARVIND LTDNSE

Description

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.
Comments
AryaJoy
Looks like rounding bottom forming.
vanathi
@AryaJoy, Ok :)
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