In an uptrend, when you buy in excess below value or somewhere in the bottom half of the value area, the take profit level is always at the control price. When an opportunity arises to buy just above the control, the take profit will be at the value high. The protective stop will always be below the tail of the smaller rejection value area on the lower time-frame...
Hey tradomaniacs,
welcome to a trading plan for XRP/USD!
Important: Wait how the market reacts at the trendline and follow the direction!
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Type: Swingtrade
PLAN A: Short (Trendfollow)
Sell-Limit: 0,445
Stop-Loss: 0,57593
Target 1: 0,28221
Target 2: 0,21561
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PLAN B: Long...
Hindalco is just getting rejcted from the above trend line again and again, and getting support on below trend line....
Looking at current scenario it is clearly directing that price may go down till 185-190 regions ...
Tgts are : 196/192/188
SL 201
Hopefully, we may see price reversal at 185 , if that not happen we may see further more down side...
...
This time Nifty is going to take immense time to get settle for fresh rally to
break the Resistance of 9000 Points ( Failed to Break 2 times in Past) .
So investors have excellent opportunity to take a position in the
Range of 8300-8150.
