Maruti - Bulls SwiftThe breakout of ~4,750 has been retested turning into demand zone. The Pitchfork suggests support ~4,650.
The view negates on a close below 4,500.
Retest
Nifty : Who can Tame Bulls during Bull Stampede, Anyone ??Note :
This setup is only for Aggressive Traders, if you are conservative trader please stay away.
Enter only on valid Break of trendline, use stops wisely
Remember if we short now, we are standing in midst of Bull stampede.
Nothing Scary,Never Fear just Trade the Plan !
The above wordings deserve a repeat bcos of highly risky trade setup. Now two scenario's possible :
Scenario 1 : Break of Trendline... Go Short with proper stops
Scenario 2 : Retest of Trendline, Initiate long positions with stops mentioned in chart
Whatever scenario happens, check your tradeplan before initiating trade.
We are standing against Bull Stampede to tame Bulls (Nifty Short positions) but we can just run along with Bulls on Retest (Nifty Long positions)
