We will wait for going fresh longs which can be done only above 338 marks. From 283 bottoms it looks choppy structure & it is hard to trade such moves in the short term.
Short Term Strategy
If sustains above 310- keep strict stops of recent swing low & look for the zone 319-322 if holds on top & falls below 320 then keep stops of recent swing high & sell for targets 300-305.
Long Term Strategy
Look to buy in the zone 285-290's if at all it dips as 280-285 is an earlier double bottom zone.
Related Analysis Attached Below
Short Term Strategy
If sustains above 310- keep strict stops of recent swing low & look for the zone 319-322 if holds on top & falls below 320 then keep stops of recent swing high & sell for targets 300-305.
Long Term Strategy
Look to buy in the zone 285-290's if at all it dips as 280-285 is an earlier double bottom zone.
Related Analysis Attached Below
Trade active:
06:42 Hrs 28th Dec2016
Last Price@300
Yet again, it pushed upside close from double bottom lows of 283 if crosses above 306 & sustains then it starts again upside. Or look for selling opportunity below 290 but book profits above double bottom of 283
Last Price@300
Yet again, it pushed upside close from double bottom lows of 283 if crosses above 306 & sustains then it starts again upside. Or look for selling opportunity below 290 but book profits above double bottom of 283
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
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Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)