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Jay_shree
May 12, 2020 6:21 AM

Trade Setup on Shifting "Value Area" IBULHSGFIN...! 

INDIABULLS HOUSINGNSE

Description

  • Risk vs. Reward = 5 vs 17 points (1 is to 3)


Suppose to, you are going to get chance for long between 110-105 at where your reward will be more higher than risk.

Support of lower bound at 111 with Safe-Target 127 above for same channel but if price shift toward the new "Value Area (3)" in upward then swing target 138-155.

The Decision is your and Calculation is mine!

Trade active

First target achieved, Boomed....!
Comments
pivotdisciple
I think Jay_shree = Kinnari_prajapati ;)
n0m0ret0ss
nice job done yaar.. mai I know what will u call this setup . its name please .. I too closed like this setup in EURUSD once upon a time .. but I don't know the name for this setup...

...
Jay_shree
@n0m0ret0ss, hehehe... I am not sure about name
Jay_shree
@n0m0ret0ss, you can suggest me.
n0m0ret0ss
@Jay_shree, oops.. I too don't don't. know that's y I asked u dr.
Jay_shree
@n0m0ret0ss, We will think on it later. 🤩
champvimal
@n0m0ret0ss, I think it is parallel channels/boxes. But the identification provided by Jay_shree is superb indication of what actions we should take.
avisek
Bh bah bah. Very good observation. Did profit of 7000 . Thank you so much
Jay_shree
@avisek, I am happy to hear it.
378f95fb691b4ab2bdfc44ebce0dd7
Yes yea yes.. i want Eliote wave for Nifty and Bank nifty
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