Going Below 288 & holding below 288 - can dip to 280 support where look for initial halt if holds or going below 280 -it can fall sharp.
We come back to inspect if 280 holds.
Monthly Chart Move above 335- proposed "d-leg" of the triangle in previous long term analysis -if crossed in future then we expect good upside target. We shall do the projections once 335 & above is breached.
Trade active
⋅
11:04 Hrs 10th April2017
Last Price@288.20
It dipped to 287-286 & bounced above 288 -Likely we will wait for any further action. I am on sidelines means no position.
Trade active
⋅
11:19 Hrs 10th April2017
Last Price@288.20
It is neither going upside & going below 287.50 shall continue down -we need to check what could a small stop loss for this short trade if we take.
Trade active
⋅
13:20 Hrs 10th April2017
Last Price@288.20
Not holding below 287.50 & turned upside. So, we again wait for the bounce to sell
Trade active
⋅
12:39 Hrs 11th April2017
Last Price@292
Bounces from 287.50 -intact from yesterday.
Trade active
⋅
17:08 Hrs 16th April2017
Last Price@291
Going below or sustaining below 290 is a problem - The fall from 296 was very sharp -so Next - we want to see 296 taken out for any buy positions. Bang On for a small move from 287.50 -which gave a leg upside till 296. Keep moving with the market -let it throw you out helped me gain maximum out of that leg.
Trade closed manually
⋅
Closing this post at 291 -Price
Comments
VadivalPranchi
⋅
What is the range for fresh entry ? Something cooking in this area cant understand ?
WaveTalks
⋅
@ajayww2, Above 296 -better buying & below 286 -best selling - in between you will be chopped & this is how market sucks your money.
RahulThorat
⋅
Tnx...
AMBRISH
⋅
Waiting for bounce to sell. small s.l. today's High.
WaveTalks
⋅
@AMBRISH, Yes or below 287.50 SBI will become weak.