The Price action in Weekly is Bullish Channel , interestingly there is one more bullish channel in side the Larger Range , Normally it indicate that the Big Players are still not entering in Full Plugged (some Fundamental issues which are under resolution ) ,
I am looking Possible reversal Near 948/945 to Go long and stop would be 931 , this time it appears will brake away from this range bond to new higher high ,
Formation of Channel: The psychology of Formation of Channel is Confidence , the investors are investing with some level of confidence , but when we see Smaller Bull channel inside the larger Bull channel its purely indicate some Fundamental resolutions underway ,
So let me see how it unfolds
Regards
I am looking Possible reversal Near 948/945 to Go long and stop would be 931 , this time it appears will brake away from this range bond to new higher high ,
Formation of Channel: The psychology of Formation of Channel is Confidence , the investors are investing with some level of confidence , but when we see Smaller Bull channel inside the larger Bull channel its purely indicate some Fundamental resolutions underway ,
So let me see how it unfolds
Regards
Trade active:
Institutional are bad boys , they just pulled up form 955
Regards
Regards
Trade closed manually:
Closes at 970 from 957 to 970, Made 13 Points
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Regards
Comment:
Exactly this the reason i had made the exit on 970