Suggestion: Can enter on Fractal and Box BO?Positives: Fractal BO very near | 20 EMA cross 50 EMA | Fibonacci Resistance BO | Volume BO
Negatives: Descending CPR, But still looks like the CPR has a reversal
Please share your views
Fractal
Richard Wyckoff distributiontarget 2000
1. You can buy just ITM puts which expire out 2 months. This strategy carries the most risk, but also has the highest profit potential.
2. A BETTER STRATEGY IS THIS: Sell WAY OUT OF THE MONEY, at least 20% OTM, call which expire out 1 month. This strategy carries less risk.
BAJAJ FINANCE has clearly broken all time high, HOW TO TRADE ?Now Bajaj Finance has clearly broken all time high levels. If you see it has very nicely followed the Fibonacci levels in the last rally from the bottom to all time high. Now is it starting another leg of the rally. It took exactly 255 daily candles for it to reach here with the ups and downs. Plotting 255 days to the right takes us to 2nd June 2022, when it should reach the targets which we have arrived at using multiple tools. One is Short Term and Another long term. One can buy now,, it should reach the 1st resistance as per fibinacci and then retrace a bit, later one can keep adding at the retracement towards the 21 EMA or little below it, or near the long term trendline. It is clearly respecting that and gives us a chance to enter with a very good Risk Reward (RR). It should be respecting that in this next leg up.
Hope it helps you learn something along with me. This is purely for learning and not financial advice.
Bhel- Long term BuyWe use almost centuries old fractal models based on basic sciences to decide buy , sell and timing.
Bhel had given a strong buy signal on monthly scale which means a trade which can last years.
Change of trend signal has been triggered which means Timing signal has triggered ( Lower panel)
It has broken out of Green and Red lines ( monthly closing below 35.50 and 42.80 will negate the trend ) , and as long as it treads above it, it's a long term long.
Will keep updating the levels for readers.
Enjoy
If you want to use these indicators or want to learn how to use to do message me.
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expecting a blasting
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