Patiencepays
LICHOUSING FINLICHOUSING made double bottom pattern on DAILY tf with good volumes, although its not confirmed yet, but looking at the volume data & price action it ll eventually break past 383.60.(confirmation level)
Could be bought here or on dip till 365 or on breakout above 383.60 with mentioned stoploss & targets.
DIGGAJ - HDFCBANKHDFCBANK FUT is on the verge of breaking & confirming 3 candle reversal pattern on an hourly chart with decent OI (long build up).
Could be bought only above said levels with mentioned stoploss & target.
Note:- those who trade in cash can adjust according to fut rates, for options buy 1620 ce adjust target & stoploss according to fut rates.
IF DOWJONES MANEGES TO BREAK ABOVE?Dowjones made inverted head n shoulder pattern on weekly scale, although its not confirmes yet, If Dow manages to break above 334250 then it ll get into one sided bull run.
Lets wait patiently or sell on very rise with stoploss above 34250.
Exit all short positions once it gets past 34250.