Expecting some momentum due to September month expiry closing in larsen & tourbo due to following reason
1) Long wicks currently indicating sellers are in control
2) Shooting star candlestick
3) Inside bar Candlestick pattern (Whichever side it breaks this
will be directional)
4) Since monthly expiry expecting some momentum
(Note: Author is neither responsible for anyone's profit or loss, nor a sebi registered RA, this only for educational purpose. Please do your own due diligence before taking any trades.)
1) Long wicks currently indicating sellers are in control
2) Shooting star candlestick
3) Inside bar Candlestick pattern (Whichever side it breaks this
will be directional)
4) Since monthly expiry expecting some momentum
(Note: Author is neither responsible for anyone's profit or loss, nor a sebi registered RA, this only for educational purpose. Please do your own due diligence before taking any trades.)
Trade closed: target reached
Made around 118 points or 3% (approx.) down move from the inside bar candlestick pattern breakdown. Projected target of inside bar achieved more than 1:2 target. Closing the idea
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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.