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AniketKabir
Aug 13, 2020 6:48 PM

Biocon - sine wave motion Short

BIOCON LTDNSE

Description

Last Long idea failed; Cube is gone. Prices may conserve energy for some more time; till then they are in sine wave motion. May consider shoting the stock when prices hug the upper parallel (in yellow) as maked in the char. Idea invalid if prices breach previous lower high at 401; this is because the long idea is still valid as mountain base is filling and market structure becomes bullish once prices break the previous high. If that happens we may initiate long postion again with stop loss below market structure. This may become a very profitable trade if turns out so, otherwise we may look for similar opportunity when prices reaches the short target level as indicated in the cart.


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This is one person’s experience, your experience may differ.

Comment

SO FAR SO GOOD. PRICES MOVING DOWN ALONG WITH SLIDING PARALLEL AND TREND BARRIER, BUT TRADE NOT ACTIVATED YET. WAITING FOR PRICES TO HUG TREND BARRIER.

Trade active

Prices hug the upper parallel at EOD. Initiate short at opening of market at 397 with stop loss 405

Comment

fall from cliff is coming; if sellers succed in their endeavour.

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Mountain type trade opportunity

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Behaviour of swings changing. Initiated Long position at 393 with stop loss at 380 (Future contracts value levels)

Trade closed manually

change in behaviour was a trap. They were able to trap me in rinse and wash.

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RINSE AND WASH...PERFECT..!! THIS LESSON COST ME VERY DEARLY. WILL FIND ANOTHER LONG OPPORTUNITY.

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wrong chart posted

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Prices reacting perfectly with demand and supply gaps.

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ONE WIDE RANGE BAR AND PROJECTION OF FUTURE VALLIEY...VALLEY FORMATION COMPLETE TODAY..

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old lines still working. This is last update on this link idea.
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