There is a channel which can be traded at the top zone - 118-120 - will you trade? Common you must be kidding - I am a safe trader, I will trade once it starts moving below 112 which was initially hit post gap down move from 116 to 102 for target zone 100-102 - Why there is a hurry to trade-Keep cool.
Yes, Risk Takers can trade in the zone 118-120 who don't complain of losing 3-5 points as returns are huge so it depends on your style of trading.
Trading Strategy Scenario-1 (Most preferable) Safe traders can trade below 112 for target zone 100-102 -once it dips below 112 then can put stops above recent highs or wait for 100-102 zone if hits & look for larger trend which is upside.
or
Scenario-2 (Next Likely) Going above 121.50 & sustaining above 120 likely it moves for higher targets.
You would love to read my previous updates
Media Bell Rings 116-to 102 Amazing!
Magical turn below 122
Knocked 118.80 What Next?
Rocket Move Started from 107-108
GSFC 2016 Diary- 50+ points
Comments
hotpot64
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Hi
It's in futures now, and looks good candidate for up move till 120 / 122 as it has taken support at 114 levels.
Please share your views if not busy.
Thanks
VimalVashisth
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thanksssss i m clear
VimalVashisth
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okk thats good n what is possible tgt in upside pls tell range
It's in futures now, and looks good candidate for up move till 120 / 122 as it has taken support at 114 levels.
Please share your views if not busy.
Thanks