NUCLEUS SOFTWARE REVERSAL PATTTERN FORMED - SHORT POSITION
Due To Weak Quaterly Results It Was Underperforming And Trading Low On The Curve From 750 To 350 Since Last 9 Months. But Dec 2022 Results Were Superb Compatative To All Previous Quarters Of Last Year Hence It Rallied Almost 75% In A Week.
As Showed In The Chart There Was A Bearish Gap Level Oh 13th August 2023 At 621 - 638 Price, Where We Can Assusme That There Are Maximum Unfilled Orders That Are Placed For Profit Booking. On 24feb,2023 Nucleus Soft Touched That Level And Made Gravestone Doji On Daily Time Frame Basis That Too Formed On Upper Bollinger Band Along With The Rsi Divergence In 2 Hours Time Frame.
It Should Correct Till Mean In Daily Tf Bollinger Band I.E 485 Odd Levels And Also There Lies A Demand Zone .
Hence Trade Setup Goes Like Crossing Low Of Doji
Stoploss - 648
Entry - 624
Tgt - T1 : 576 ( 2:1) T2 - 485. But Trail The Sl After T1 Achieved.
Size - According To Risk Of Your Capital.
As Showed In The Chart There Was A Bearish Gap Level Oh 13th August 2023 At 621 - 638 Price, Where We Can Assusme That There Are Maximum Unfilled Orders That Are Placed For Profit Booking. On 24feb,2023 Nucleus Soft Touched That Level And Made Gravestone Doji On Daily Time Frame Basis That Too Formed On Upper Bollinger Band Along With The Rsi Divergence In 2 Hours Time Frame.
It Should Correct Till Mean In Daily Tf Bollinger Band I.E 485 Odd Levels And Also There Lies A Demand Zone .
Hence Trade Setup Goes Like Crossing Low Of Doji
Stoploss - 648
Entry - 624
Tgt - T1 : 576 ( 2:1) T2 - 485. But Trail The Sl After T1 Achieved.
Size - According To Risk Of Your Capital.