Goldenratio
CDSL: INVESTORS' ENVY @ GOLDEN RATIOStock is trying to build a base at around 335-340 levels, which is also 61.8% of the entire bull run from 243 to 486. So it could be a buy at current levels or on intraday pullbacks, as one likes. The Stop would be below 335.
Strategy :
1) The stock bounces from this level -- In this case partial profit would be taken at 362 so that even if the stock reverses from 362 we would not lose. Final target would be near 393.
2) The stock does not bounce -- In this case stop loss would be triggered :DD
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Trade Safe, Stay Healthy
Regards
Bravetotrade
Nifty : Standing Against the Bulls, Potential Short !Shorting Nifty Now ?? That too in this Bull market ??? Yeah... If they get aligned and validate My rules I have no hesitation to short the Nifty. I'm looking at few rules I have,
(i) Fib level reversal ( Yes) Golden Ration 61.8% in Resistance zone
(ii) Resistance zone - Yes
(iii) Fib extension confirmation - Yes
Waiting for Bearish price action confirmation to short. But that doesn't mean Nifty will reverse, so follow your own trade plan. Nifty may give bearish signal and take out my stops again, so trade your own plan. According to Me if the rules confirm I won;t hesistate to short Nifty. This is called as following your trade plan everytime with discipline.
Standing Against Bull Force... Happy Trading !
