I have found symmetrical triangle formation in canarabank. Lately I have found triangles are fascinating. In few minutes of market opening triangles will give us clue about which direction price action will break. Buy above 357 with the stoploss of 355. Targets are 360, 364 and 366. Sell below 353 with the stoploss of 356. Targets are 350, 347 and 344. Intraday calls depend on the market opening. Analyse and follow your trading plan always. New traders enter trade after watching price action for 15 to 30 mins. This trade is valid for May 25, 2017 only.
Comment:
Its expiry day, many traders wont trade. But dear traders, dont stop analysing the market and giving my posts like :) Traders who dont trade please write comments.
Trade active:
Long
Comment:
Stop reached in Long. Short triggered.
Comment:
Moral : Technical Analysis wont work during expiry day!
