Falling is always normally 40 minimum while U-turn.
This might an excess.
The price is currently out of the channel.
Observation: The tail is a clear sign found while U-turn which is your trade confirmation odd. Due to the falling wave, we are seeing normally 40 points. Short 129-133 is the great range because the price is out of the channel. A negative point for short-seller: Suppose to create an excess, then maximum price move 136 as per previous an excess.
Trade-in two-step having great risk vs reward ratio: 1) trade, Sell at 129 1) next trade should be, Sell at 133
Both trades have the same target as the first 112-109 and the next target is 103.
Best of luck. Will update daily and 30 minutes chart shortly.
I had seen all your post very nice any books to read to make the calculations please suggest me I am learner I like draw channels and I want to trade confidently.
Trade-Technique
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@khastocks, i have posted everything in comments in past about books
Rajendra_5
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Today shorted@131
Poison_1907
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please share your views as per the current status of this stock, the stock has taken a U turn in between.
Mayur_badhe
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great analysis ma'am pls share view on JSWSTEEL. thanks
ShahulABCT
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Do u have telegran channel ?. Pls share the link, if you have it. Thx
avsrikanth
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Well done Kinnari.. I hope you target gets acheived .
But do you think it will go down all the way to the end of the channel ?