prakashgp
Short

Rising wedge breakout trade with Risk to Reward of 3

NSE:ZEEL   ZEE ENTERTAIN ENT
Daily: NR7 + IB candle pattern
Hourly: Rising Wedge Broke down after getting rejected at resistance
Strategy: Short on break of 439.7
Risk to Reward: 1.5 to 3
SL: 455.5
Target 1: 415.65 - 402.6
Target 2: 394.65 - 365
Order cancelled: Currently sellers got trapped after it broke NR7+IB candle to the downside and it went up.
My view has been changed. I think since it is in the process reversal, shorting is not a good idea.
There seems to be buying exist on every dip in this zone. Sorry for the wrong idea :(
Look for buying opportunities while making sure NIFTY is in healthy uptrend.
Also It is better to do scalping until NIFTY trend is clear

Comments

Currently sellers got trapped after it broke NR7+IB candle to the downside and it went up.
My view has been changed. I think since it is in the process reversal, shorting is not a good idea.
There seems to be buying exist on every dip in this zone. Sorry for the wrong idea :(
Look for buying opportunities while making sure NIFTY is in healthy uptrend.
Also It is better to do scalping until NIFTY trend is clear
Reply
Strong rejection from resistance again. I've initiated the short at 452
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out