Cmp - 242
Stop - 285 on DCB
T1 - 200
T2 - Wait, Review at 200
Expected Holding Period - 100 trading days or earlier for T1
View:- Positional Exit
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
LT is set to break down as per confirmation from RSI and Stochastic. Trend line is at the touch point and if it breaks 1100 then it should show us 1010 at least.
Put in action for the next 1 week.
Duration 1 weeks
I'm looking for potential shorts for this pair from now, previously my bias was bullish thus had taken a trade and i think it'll hit my TP.
Now as we see there is a bearish rising wedge so we can expect a bearish move from now.
Please refer the chart for the upcoming weekly expiry of 7th may.
Strong reversal zone @ 10150-10250
Reversal zone @ 9960-10000
Minor support zone @ 9600-9700
Major support zone @ 9300-9400
Strong support zone @ 8900-9100
TCS seems to be bearish as it has already broken
The support 1 at 2106
Now There are two more supports that can also be broken
Support 2 at 2059
Support 3 at 2033
Today the market will be more volatile than usual because of budget so trade very carefully !!
Stop Loss 2095
Also The RSI seems to go even down because the supply zone has...