AS OF NOW THERE IS NO CLEAR PICTURE IN INDEX MOVEMENT IN DAILY FRAME
NIFTY WAITING FOR SOME EXTERNAL NEWS TO MOVE
TILL IT CONTINUE TO CONSOLIDATE TILL GENERAL ELECTIONS ?
OR WAITING FOR SOME NEWS TO MOVE ?
WILL BE LONG IF NIFTY CROSSED 10780 FOR TARGET OF 10880 ZONE
AS OF NOW THERE IS NO SHORT TRADE FOR ME
I was looking for a harmonic pattern completion (on the downside) before getting involved in this stock. But the stock changed my bias by breaking above a falling trend line (red) and the cup and handle pattern neckline.
For getting into this trade, the risk could be (traditional) low of the handle (162) or the more aggressive 170...