AniketKabir

BIOCON: Application of Thermodynamic principles

AniketKabir Updated   
NSE:BIOCON   BIOCON LTD
When we apply thermodynamics to the markets, we are studying how price moves through Time and Space: Price must store Energy when it is in a Transition Phase and then expend Energy when it is in its Trending Phase.

After short trade opportunity (Push Trad A*) another long opportunity (few Pips) and Short opportunity (relatively large pip movement) are available.

1. Go Long at hug of lower parallel of pitchfork and exit at down sloping median line of sine wave crest.

2. Go Short at down sloping trend of sine wave creast with stop loss at 420 (few pips above last minor LH, or creast of last sine wave at downsloping median line). Will be updating target and trailing stop loss level once market structure progresses. As of now Target is lower median line of sine wave trough.

DISCLAIMER: Trading in the stocks market or futures markets is one of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and sandeepkumarmeenagreaternoida is not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information.

This is one person’s experience, your experience may differ.
Comment:
Trade active:
Long initiated at 397 as indicated in above pic. Stop loss kept few pips below stop loss level indicated in chart. Prices reversed from the possible undershoot line drawn in update
( in green) ; stoploss intect as or now.
Trade closed: stop reached:
Comment:
INITIATED LONG AT 392.35 USING COVERED CALL OF 400 AND BOUGHT PUT 380. IF PRICES FALL FROM HERE, WILL COVER CALL; STOP LOSS LEVL 380
Comment:
ONE WIDE RANGE BAR...INITIATION OF NEW TREND...VALLEY FILLED TODAY.
QUESTION IS DO YOU TRUST YOUR SYSTEM
Comment:
closing updates on this link idea.

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