Last Update Review - Shark@320-325 - Let us enjoy motor's ride
In - the term called polarity reversal is important which is support turning into resistance & resistance turning into support which was the case with 307 level as motors broke that level & retested that level back but this time there was a firstname.lastname@example.org as it always need fuel to move next (stops kept exactly above 307) so I suggested we wait for few minutes to see whether it holds 307 - I was not surprised that it did not hold above 307 & I suggested -we are not interested to buy below 307 levels.
Dropped to 304 level - we booked partial & below 304 - suggested to book close to 300 - Bingo!
Finally, taking reverse gear@300-301 zone as suggested - to zoom at day high@311 - 18th June 2018 finally closing at 308.75 for the day - All this was updated as Plan -4 -additional update
Trading Strategy - What Next ?
Plan 1 - Look to go long / buy if 306 -307 provides next support for targets 311 -314 -320-325
Plan 2 - Look to go long / buy if 303 - 304 provides support below 306 for same targets upside - 311 -314 - 320-325
Plan 3 - Look to long if crosses above 311 & holds above 311 for target 314 - 320
Plan 4 = Plan 3 (Last Update - Selling in 320-325 - In the zone)
Be careful in longs above 312 - if fails to hold above 311 - follow plans as suggested above.
As suggested @09.40 Hrs - be careful in longs above 312 - I was correct - price dropped from 311.80 to 309.25 - Looking for support zone as suggested in the update.
"O" lala - Motors slipped to 306 -307 as suggested - making its first attempt to refill the tank. Plan 1 is active with stops below 306 ------------- Enjoy -we use selling profits below 312 to keep the stop loss below 306 for next buy call in 306 -307 & turn our position for upside.
Never Hurry in a drive - always drive with a cool mind. Has crossed upside & above 306 from 305.25 lows - we will wait & see if the current email@example.com holds if sustains above 306 or close for next 15- 30 mins in that case as well we will take long / buy for targets 309 -310 & book our profits & out. Going above 311 we will plan to re-enter again later.
Just dropped close to lows of 305.25 -305.35 - We had only 0.50 - 1.0 point to lose if taken long / buy position - One can take that risk with stops below current low for 309-310 targets.
Bank Nifty & Tata Motors Update
Bank Nifty Last Price@26298
Both at reversal point - TM at 303.30 & Bank Nifty @26225 - So likely if Bank Nifty Can Hold 25980 then awesome gartley- 26800 & bove 26800 for 27150+
Do keep in mind - U.S. - China Trade War Risk & trade - manage your risk properly. Don't hurry up for any trade. Have a lovely day ahead.