Wish You all a Happy Gudi Padwa & Prosperous New Year to all on this auspicious time when Vikram Samvat 2074 begins.
Bang On for the target!- Isn't that amazing that we formed W- shape with targets achieved - What Next- Trade W Harmonic Pattern.
If it sustains below 505 or with strict stops slightly above 505 -we can look for 483-484 Back again in the support zone- mini double bottom support from previous update.
Trading Strategy Scenario-Risky - If you can afford to lose 5- 7 points, then trade between 498-502 with strict stops of 505+
Targets shall be 483-484 going into mini bottom.
You would be interested to know -How we formed W- shape with targets- Need patience to read all the previous 3 updates
Magical Polarity Level@500
Resignation letter rumors gave the push@502
Hatrick What Next?
Trade closed manually
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09:23 Hrs 30th March2017
Last Price@498
Bad Luck Mr. Satish as mentioned in the comment downside
It was gap down & 497 -499 zone has been kissed.
Comments
SatishBoda
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@AbhishekHSinghCMT. Can this short be initiated tomorrow ? No positive news from Kotak also.
WaveTalks
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@SatishBoda, I will have to check as the structure was invalidated.
WaveTalks
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@SatishBoda, Keeping below 506-507 -if you get the bounce could be taken as selling opportunity for target 497-499 zone - keep in mind of strict stops above 507 for targets 497-499 & later looking for support -if holds in that zone then can be seen as buying.
SatishBoda
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@AbhishekHSinghCMT, Thanks.
jacktheGREAT
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If it goes to 483/484 then
Can it called triple bottom ???