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Descending Triangle: Target: 327; confirmed with breakdown. SL: 440. (basis 4hr charts)
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
The AUD/USD pair is currently in a downtrend in the daily chart.
It is currently trading at the trend line and and is facing rejections at the trend line.
Hence we expect the pair to be bearish from here.
Hi All ,
We have closed our Sep/Oct Monthly strategy with 44 -60 point profit
Following is strategy for Oct = Nov
No Naked Put/call Buy /Sell , No over leverage
Just take it and forget till October expiry , No need to look every 5 min candle , Be Busy in your work .
Buy Nov 10700 Put @ 127 , 1 lot
Sell Oct 10600 Put @ 60 , 1 lot
Buy Nov 11500 ...
Rounded Top: Assuming Sep 24, close at 2260; Target: 1575; SL: 2600
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
BPCL: After consolidating below the last support angle, the stock had managed to close above 1/8 angle on Friday. Today it has turned bullish and may be a good entry point. Support at 369.65 and target in short/ intermediate term will be 477.
