This scrip is highly volatile , due to which i had to switch to Ranko Bar , Box size of 225 Points
the scrip has corrected and moved out form Ending diagonal , One can visually identify that the down move pattern is zig zag and usually
ZigZag are reflective in nature
What i mean is if down move is in ZigZag the up side move is very high likely Zigzag move with 100 % movement in the price
on daily its still bearish sign but i do look the noiseless chart its clearly showing its about to make turn around
One can position Long in future contract ( Preferably March ) for next up side move
Book using trailing stop on daily low basis
Good luck
the scrip has corrected and moved out form Ending diagonal , One can visually identify that the down move pattern is zig zag and usually
ZigZag are reflective in nature
What i mean is if down move is in ZigZag the up side move is very high likely Zigzag move with 100 % movement in the price
on daily its still bearish sign but i do look the noiseless chart its clearly showing its about to make turn around
One can position Long in future contract ( Preferably March ) for next up side move
Book using trailing stop on daily low basis
Good luck
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.