1. Four weeks ago I mentioned in my blog that how this stock will move with some conditions and every week It seemed to follow exactly manifested moves. The lines I am quoting that I mentioned last week too as it is behaving the same. " " I showed a red buy zone in fig. where I shared investors and traders can entry if not taken out. You can see a pink circle candle took to support and in the later move, this zone was tested and traveled to the red dotted zone. If this hurdle is taken out then you can see the prize visiting white box very soon. On the contrary, If the dotted red line does not fulfill the condition of taken out then the price will be range-bound between the red zone and this dotted line. If in the next trading session price open gap up and sustains here at least one hr then longs will become comfortable. The investor should have bought 50 % of his/her capacity at zone. I will be on this stock if the buy zone is taken out. " . . You can see the same happen till the fourth week below see the red dotted line of three weeks back fig and compare with above the latest fig after the fourth week.
2. Now I quote what I mentioned last week in point no. 3 for your consideration "If the green is breached and pink lower support is taken out in 4 hrs time frame then long positional trades should be surrendered. Till price does not take lower red zone out in 4 hrs time frame I will not short. If satisfy this condition then Sort with the target of the lower blue zone.".Here you can see green trendline breached that I adjusted in the latest fig as my main condition was pink lower support which is intact. And price moved stored dotted line. Can you imagine for the last 4 weeks' price structure is behaving the same word to word as mentioned with previous quotes and fig. Where can you get this sort of accuracy with consistent performance not only in this stock take any stock which I posted since I started. More than 170+ as proof. People maintain one, two, three strikes but with my record, you get almost 99% strike rates. The main reason is that I know how to switch my sentiments.
3. last week In my title of this stock I gave "BHARTI AIRTEL IS LIKELY TO GO DOWNSIDE SEE YOURSELF ?" I was cautious with structure but when the above-quoted condition was not satisfied sentiments changed and I am now with also one condition that has already mention 4 weeks ago of a red dotted line. In act buy zone I gave 5 weeks ago till it is intact I am in the stock but this week I showed you how to switch your sentiments with the price structure. When It entered into consolidation I informed you well in time. The moral of writing is to get all genuine seekers motivated to learn this unique language of stocks.
Trade plan for this week.
1. This is quite simple Till red dotted zone is not taken out on 4 hrs time frame one should not take fresh longs. But those who are positional long can continue with the target of the white box.
2. On the contrary, If the price breach green color trendline and do not come back the same day then I would be cautious in a long trade and cover my longs if next opening of the breached day is a gap down and do not cover in first one hour.
3. Both arrows are showing The area from where my sentiments will change on either side. The rest price will decide.
Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.