"This is my trading journal, not a trade recommendation. I Will be Posting and updating the ideas regularly, as market progresses, only for educational purposes for me and others who want to benifit from my experince.
There was symmetry in two downward moves from All time high. Let us see if it repeats..!! Otherwise stock is uptrend. Entry at Confluence of diagongalDemand line and horizontal support lines, stop loss is below last range and target is median line. Based on Action Reaction line, slope of prices and symmetry target date is also mentioned (Fingers Crossed)
The last symmetrical moves are mentioned in updates below.
DISCLAIMER: Trading in the stocks market or futures markets is on e 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 I shall not be 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. Consult your financial advisor prior to investing is stock market.
This is one person’s experience, your experience may differ. Past perfomance is not gaurantee of future gains.
@gagan7837, THANKS FOR FEEDBACK. I will try to put things in simpler manner in future, but then it would also make it difficult to understand and believe. People do not trust in simple things. Check my Idea on Bank nifty, wherein target of 35000 along with target date was presented" 3500 is waiting, Happy new year". Please understand my ideas are not forcast for trade but for education. Point i want to make is that these simple things, action reaction lines, work in market and we do not need any fancy indicators.
gagan7837
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@sandeepkumarmeenagreaternoida, ok bro, you continue with your analysis. Your startegy is unique. Keep it up👍🏻