Buy above 754 with the stoploss of 750. Targets are 759, 764 and 769. Sell below 749 with the stoploss of 753. Targets are 744, 739 and 735. Trading rules.for "Vanathi Waves" 1. Enter trade after seeing price action for 15 mins. 2. If you are bullish wait for the price action to give entry for long. 3. If you are bearish , wait for the price action to give entry for short. 4. Dont enter trade if there is no clear buy/sell signal. 5. Enter when price action breaks 15 mins high/low.
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I have used one hr chart to see the pattern clearly.
kindly correct me there is ABCD pattern here in which point D is is rejected from 262% from the swing B, 1) RSI divergence on 60 min 2)Point D has a shooting star ,
and the trade entry is based on swing 734.60 and 765.50 on fibo
Simple and Clear Analysis
Can we expect the move towards the downside in the channel ?
vanathi
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@ProfitHoga, As of now movement is towards downside channel, but I am bullish about this stock. Few minutes after market opening will tell us the direction clearly. Will see.
and the trade entry is based on swing 734.60 and 765.50 on fibo