United Spirits , 1 Day Chart Analysis .

May 3, 2020

* Price Making Higher High .
* After Touching FIB 0.618 Level Price Consolidating B/w 510-550 Price Range .
* Previous Candle Dozi (Shows Indecisiveness B/w Buyer And Seller )
* Trend Line Break Out . Which Shows Buyers Shows Some Strength .

Elliott Wave Analysis .
* Looks Impulse Wave 4 Is Completed And Wave 5 Is About to Begin .


Trade Setup .
** ( For Aggressive Traders ) Our Reference Candle Is Previous Day Dozi If Price Break Its High(546) With Vol . Then Buy With The SL OF 527
** ( For Conventional Traders ) When Price Break Previous High 549.5 , Enter Then With Sl of 514 .


Mostly Probabilities Are Market Open Gap Down On Monday

* If Market Open Gap down and Price Break 515 Zone ( Trend line ) Then We Don,t Have to Take Any Position .


Only For Leaning .

Happy Leaning .

May 6, 2020

Order cancelled

Price Not Sustain Above 550 ( Not Closed Above ) .

Trade Not Executed .