Reason for long
a) Triangle breakout possible
b) Entry point criteria: price opening previous day high and first 15 min candle breakout with SL of previous day low with buffer of 0.5%. Hence position sizing is critical to limit portfolio negative impact, if SL hits.
c) With above entry Criteria hits the possibility of vwap breakout and QQE positive side that is above zero
d) Further, it enhance the weekly breakout, if first day sustains and closes in green
e) Open=Low set up with good engulfing candle
g) volume greater than previous 5 day volume
f) SL compulsory
Cons: Market leader and FII already invested, Moderately valued and may possibility of hitting 350 levels in next 150 days or 1 year: Catch here is may hit Sl several times and may test 120 levels and the good entry for long term prospective is above 190 or 200 levels.
Pros: moderately values. FII brought near 65 levels. At any time during elections, they may off-load some % of equity.
a) Triangle breakout possible
b) Entry point criteria: price opening previous day high and first 15 min candle breakout with SL of previous day low with buffer of 0.5%. Hence position sizing is critical to limit portfolio negative impact, if SL hits.
c) With above entry Criteria hits the possibility of vwap breakout and QQE positive side that is above zero
d) Further, it enhance the weekly breakout, if first day sustains and closes in green
e) Open=Low set up with good engulfing candle
g) volume greater than previous 5 day volume
f) SL compulsory
Cons: Market leader and FII already invested, Moderately valued and may possibility of hitting 350 levels in next 150 days or 1 year: Catch here is may hit Sl several times and may test 120 levels and the good entry for long term prospective is above 190 or 200 levels.
Pros: moderately values. FII brought near 65 levels. At any time during elections, they may off-load some % of equity.
Trade active