Price is in a zone. Absorbing selling. Possible up move.
Updated
26 Oct - Market fall. Selling absorbed at 400 and moved up.
30 Nov - Huge -ve volume is absorbed at 400 and moved up.
20 Dec 21 Dec - Price fall, +ve volumes at 400 and moved up.
4th time - If all the selling is absorbed or new buying happens then price should cross 440. Has to cross 458-460 resistance for clear confirmation.
Accumulate with in the zone till 400. Exit below 400.
If it crosses 440-460 then 10-20% should be possible.
30 Nov - Huge -ve volume is absorbed at 400 and moved up.
20 Dec 21 Dec - Price fall, +ve volumes at 400 and moved up.
4th time - If all the selling is absorbed or new buying happens then price should cross 440. Has to cross 458-460 resistance for clear confirmation.
Accumulate with in the zone till 400. Exit below 400.
If it crosses 440-460 then 10-20% should be possible.
Note
20% target reached. Trailing SL now. With that 4 month base, I really wish it reaches 550-600.
Note
560 / 28.7% target reached. Trailing SL now.Price moved up 7 consecutive days. it may take break for few sessions. Hoping for 600.
Trade closed: stop reached
SL Hit at 520. GTT closed the trade. I think my SL is correct but it hit in this fall. I feel this is a shake out. Will observe the market movement before any call .
Trade closed in 20% profit.
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