[Positional] PVR nested inside bars

Description

⋅ May 11, 2020 11:21 AM

Wait for a candle to close outside the triangle on long or short side and next day, buy when that particular candle is broken.

Target and SL will be posted when trade triggers

Trade active

⋅ May 12, 2020 4:34 AM

Short triggerred : 877.45, SL 902

Comment

⋅ May 18, 2020 7:41 AM

target achieved... keep TSL or exit

Comments

mayanksardana

⋅ May 11, 2020 12:07 PM

The range is getting narrow, I will simply sell below 890 and buy above 920.

dixitnahar

⋅ May 11, 2020 1:25 PM

@mayanksardana, yes, i agree with you. the triangle formation is there, but it is small. i am looking for a breakdown tomorrow.

mayanksardana

⋅ May 11, 2020 1:28 PM

@dixitnahar, Yeah, long term charts suggests 700-600 range.

dixitnahar

⋅ May 11, 2020 1:32 PM

@mayanksardana, yes..those levels seems sure to come...the question is when?

bankerrahul

⋅ May 11, 2020 1:57 PM

@dixitnahar, @mayanksardana there are higher chances of it breaking down since theaters are closed and PVR literally has no income even if lockdown is lifted, they wouldn't earn much since nobody would want to go watch a movie si it'll be a trade if this triangle is broken by this week... or no trade until next week :)