**Entry Conditions:** The time frame is 15m. You are looking for shorting a stock! 1. 3SD Upper Bollinger Band Touched. 2. Completion of Candle above the 2SD Upper Bollinger Band. 3. Triggered with Weekend Strategy. (Sell if the previous candle’s low is broken.) 4. BB %B Close is >1 **Stop Loss:** 0.x % above from the Day high (Where x is a random number...
AS WE CAN SEE FIRST 3 WEEK CANDLE IS GOING TO BE MADE ABOVE MIDDLE LINE OF BOLLINGER BAND WHICH IS 20 DAY MOVING AVERAGE AND UPPER VALUE OF BOLLINGER IS 215 APPROX WHICH MAY BE THE TARGET
Now a strong base shifted to 11980-12010 Any dip to 12100-12145 will be the buying opportunity for the target of 12195-12240
Buy ONGC @ 124 look @ chart for details
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It has given a breakdown which suggests it might test 435. The view would be negated if it manages a Daily Close above 456.50 or intra day moves above 463. Whichever comes 1st.
ready to triangle breakout
RSI -ve ,DI+ -ve , volumes also huge but still taking support to move up...but believing will come down below 320
Seems to be in wave ((iv))