Levels as per classical chart formations. Levels decided as per measuring implications of Rectangle, also, Prices break out of an ascending triangle.
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Initiated long at 201;
Trade closed: stop reached
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LEARNING: ALWAYS PUT STOP LOSS BELOW MARKET STRUCTURE AND BELOW TOP OF RANGE. This makes the Trade ida with unfavourable risk reward, hence taking trade was a bad Idea. What is the current status of idea. can we find another entry. when?
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May be....?
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Initiated long at 192.95 with stop loss few pips below last swing @190
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Trend barrier gone.
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near future levels
Trade active
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Initiated long today at 192.95 as updated above, keeping stop loss below last swing low 190 ( using 15 min scale chart)
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First push trade opportuniity
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SECOND PUSH TRADE
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CAUTION: PRICES ARE IN RISING WEDGE FORMATION.
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A POSIBILITY NOT PREDICTION:
Trade closed: target reached
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Booked profit at 216 @ pitchfork's measuring implication.
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Will take new position at lower level.
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LEARNING: GREED TOOK OVER, CLOSED POSITION EARLY; DONT EXIT WITHOUT ANY SIGN OF REVERSAL. Archimedes-1 OF IDEA SATISFIED.
@acewealthmall, Let us hope so. I will take position tomorrow, if prices come to my level.
manishchandra
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@sandeepkumarmeenagreaternoida, We too have initiated longs as it is a buy onn dip and still holding the breakout zone.Holfing for 220/250
AniketKabir
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@manishchandra, I am expecting it to satisfy measuring implication of pitchfork, that is upper parallel. Hence your targets are achievable. I am looking for 230. I will update later, on targets to look out for as market progresses. Some short trades too come on the way.