Big W Reversal Pattern Long

BK OF BARODANSE

Description

⋅ Mar 31, 2018 4:12 AM

I've seen nice big W formation in the stock which could be used for initiating a long trade. Aggressive trade has already triggered as price pierced the yellow down sloping trend line and defensive trader could go long on closing above the 147. Reasonable Price Expectation as target : 166.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.

Trade active

⋅ Apr 3, 2018 3:53 AM

Trade active

⋅ Apr 12, 2018 2:42 AM

Trade is doing as expected continuing with trailing SL.

Supply and Demand Double Top or Bottom

Comments

UnknownUnicorn646072

⋅ Apr 3, 2018 9:59 AM

praveen.bhatiya

⋅ Apr 12, 2018 2:43 AM

@rupambose32, So it could be a profitable trade now. :)

UnknownUnicorn646072

⋅ Apr 12, 2018 7:27 AM

@Praveen.bhatiya, yes

UnknownUnicorn646072

⋅ Mar 31, 2018 6:36 AM

s3.amazonaws.com/tradingview/snapshots/i/iU1GVgra.png

UnknownUnicorn646072

⋅ Mar 31, 2018 6:40 AM

@rupambose32, but after buy not booked profit until it give some types of rfersal indication,minimum risk maximum reward

praveen.bhatiya

⋅ Mar 31, 2018 7:14 AM

@rupambose32, Yes waiting for retest is very helpful however it does not happen always and sometimes good moves are missed in waiting.

UnknownUnicorn646072

⋅ Mar 31, 2018 7:16 AM

@Praveen.bhatiya, yes pullbacks hardly comes

UnknownUnicorn646072

⋅ Mar 31, 2018 4:35 AM

big accumulation at bottom sure

praveen.bhatiya

⋅ Mar 31, 2018 4:37 AM

@rupambose32, yes it appears that all bad news have discounted and big fishes have used it for accumulation at lower level now they have to bring it up to make profit.

UnknownUnicorn646072

⋅ Mar 31, 2018 4:40 AM

@Praveen.bhatiya, s3.amazonaws.com/tradingview/snapshots/f/FOQJ0CN4.png