Now there will be 1000 reasons and theories why Nifty dropped down from 8720's.To check n validate whether those are right or wrong is not our job and that's not worth our time. Let those reasoning's be right, it cant make any real money, but if you have traded in right direction with your trade plan( Be it fundamental or technical) ,if you made money you are...
CUB has always bounced off its 20 day EMA multiple times in recent past from 82 odd levels. In today's trade it tested its MA and closed above it. If history repeats itself, it should test its previous high and potentially break it.
Good risk reward at current prices for entry.
Tata Metalliks has:
- broken out of the declining correcting trend line
- Made a bullish engulfing pattern with good volumes for today
- Bounced sharply from its 20 day EMA after testing it.
Looks all set to test its previous high of 500 lvls. Levels of 400 can a stop.
In BPCL we got good chance to go long in the marked zone 575-580's. I hope the recent bullrun will continue and may gap up 2mrw bcos of the GST bill. If it comes in zone I will be taking some long positions.
Hit Thumbs Up...which keeps me motivated to post more solid quality ideas...Thanks for your support !
Happy Trading !!
Hey Guys,
Woo..Hoo... We got Indian version of tradingview, awesome. Thanks to tradingview.com.
Here in Nifty 15mins we got channeling and I'm expecting to enter the trade on breakout only on valid close.
Hit Like button to keep me motivated to post more ideas...Thanks for your support !
Happy Trading !!
