We have discussed about Candlestick Analysis in this video idea. Any candlestick has 2 important components
Wick
Real Body
If these "wick" turns wicked on account of FED decision then -call him & he shall help you - "Who" - Our lord Hanuman.
------------------------------------------------------------------------------------------------------------------------------------- Trading Strategy --------------------------------------------------------------------------------------------------------------------------------------- 13:10 Hrs -19th Dec 2018
We continue from last Idea published comment - SBIN -Ulta Pulta - TradingView Exciting Feature. Have sold close from 740 as per update for target 730 & lower SBIN rocks at 301 as suggested in last video buy above 285 for Risky Traders & Safe Traders Buy above 295 mark - "Ulta Pulta"
Plan A - Sell Call Selling below 740 for 730 below 729 for 720-722 & below 715 for more on downside
Plan B - Sell Call------- Had Gravestone Doji Candlestick Pattern at 751 Highs Selling close to 750-751 (Already done once for target 730)
Plan C - Sell Call--------Had Bearish Engulfing Candlestick Pattern at 758 highs Selling close to 755-757 with stops above 760 for downside target 730 & same as suggested above
Plan D - Safe Traders Buy Plan to buy when you see 720-722 zone is good support - not going below 720 for upside target 730 & above 730 for 740
Plan E - Risky Traders Buy Buy if 715 -717 holds then look for 730 and same as mentioned above.
Plan F Sell below 715 - It should not move above 720-722 zone after selling below 715 then expect target downside as 700 - below 700 for 650-655 zone.
Thanks for watching the video & your precious time.
Trade active
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09:43 Hrs 20th Dec 2018
Last Price@734
Day Low@724
What a bounce - Plan "A" Done ------- Plan "D" running above 720 lows as suggested
@AbhishekHSinghCMT Thank you for the Video. Its really educational part. My kind request is please speak in English when you are explaining. Some of us dont know Hindi. Anyway keep up your good work.
WaveTalks
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@stockschandru, The problem is some ask in hindi - if you see most of the time I have spoken in english -only for short duration I have used Hindi while explaining candlestick details.