It all started with the equation W=Y=Z & CNXIT started its upmove from 9295 as discussed in below update.
Made a high at 10590 & Sell Setup was generated below the rising trendline as discussed below
Got the magical support 9592 - ( from lowest point 9295-Initial 2 figures 92 was pushed next & 95 was brought in front)- Isn't that amazing- CNX IT starts the Up-Up & Away Journey.
Finally, it was doing choppy & suspicious move in the zone 10790-10800's -it made a high of 10925 & dropped after 6 weeks it has landed on the top channel
Trading Strategy
Holding Top channel as support - we shall look for a bounce or 9592 - which will be critical support.
Made a high at 10590 & Sell Setup was generated below the rising trendline as discussed below
Got the magical support 9592 - ( from lowest point 9295-Initial 2 figures 92 was pushed next & 95 was brought in front)- Isn't that amazing- CNX IT starts the Up-Up & Away Journey.
Finally, it was doing choppy & suspicious move in the zone 10790-10800's -it made a high of 10925 & dropped after 6 weeks it has landed on the top channel
Trading Strategy
Holding Top channel as support - we shall look for a bounce or 9592 - which will be critical support.
Trade closed manually:
15th April2017
Channel Support Broken- falls sharply down.
Channel Support Broken- falls sharply down.
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)