After consolidating heavily at the bottom IDEA is finally moving up, We can plan for a long term view for insane profits, it will take months though. If your view is short just keep looking for bullish inside candle after a retracement and enter or Look out for good options CE setups in intraday for the next year or so, You can ride using 20 and 50 SMAs.
I'm gambling on the path(shown in arrows) it might take to reach jackpot, Remember holding that long will be a BUMPY ride, there might be deep retracements, expert traders will add more on those, Noobs will end up panicking and sell on the low of retracements and regret later. We also might see a couple of months long consolidations. If you are happy with the TG1, TG2 gains, you can book early and enter again when a good bullish setup forms.
OR this plan will fail miserably but its worth trying ;)
Entry at CMP or around 7
SL at 5.95
Targets 10, 18, 40 and beyond..
I'm gambling on the path(shown in arrows) it might take to reach jackpot, Remember holding that long will be a BUMPY ride, there might be deep retracements, expert traders will add more on those, Noobs will end up panicking and sell on the low of retracements and regret later. We also might see a couple of months long consolidations. If you are happy with the TG1, TG2 gains, you can book early and enter again when a good bullish setup forms.
OR this plan will fail miserably but its worth trying ;)
Entry at CMP or around 7
SL at 5.95
Targets 10, 18, 40 and beyond..
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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.
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.