Be careful, crab in the circuit can trouble & take the power away from power grid. 212-220 Zone is crucial resistance & Break of rising trendline can be the signal of power loss.
Any move above 220 on sustained basis only can give us a clue that crabs can't do anything.
Trade active
⋅
11:05 Hrs 21st June2017
Last Price@206
Started its fall from the zone 212-220 from the highs of 215 Going below Monthly red rising trendline can make the case more stronger for downside. Holding on 205-206 - looks partial profit to be booked & re-enter on bounce to sell again later or below 205.
Trade active
⋅
19:08 Hrs 21st June2017
Last Price@205.70
Selling Below - 202
Buying Above 207.55 for 210-211
If Bounces from 204 or just below 204 & crosses 207.55 then it can extend to 210-211 Zone
Bullish Cypher in place close to 203-204.50 Zone
Comments
abhinavk31
⋅
Price is below 202. Kindly advice target
WaveTalks
⋅
@abhinavk31, I am travelling out till 28th June2017.
abhinavk31
⋅
@AbhishekHSinghCMT, can we expect 211 here?
WaveTalks
⋅
@abhinavk31, If starts moving below 206 then there is risk for long positions -in that case it can even go below 200 mark downside. Staying above 207.50 only we can expect upside.
WaveTalks
⋅
@abhinavk31, Zone of 206-207.50 -cannot decide, but if stays above 207.50 -it can move upside.
abhinavk31
⋅
@AbhishekHSinghCMT, thanks
SatyamMishra
⋅
What to do in this call?
WaveTalks
⋅
@SatyamMishra, I have written above- "break of red trendline means price starts moving below red trendline then it confirms downside.
SatyamMishra
⋅
@AbhishekHSinghCMT, sir iam new in technical analysis yet learing please confirm what to do . According to my knowledge we have to short it 212-220 levels with all around 221 am I right sir?
WaveTalks
⋅
@SatyamMishra, Sell when price starts moving below red trendline.