IT FEELS THAT IT has still a good upside left !
GBP JPY swings within these areas for the past recent inferences For ideal trades Buy at the bottom of the region and sel l at the top of the region
I ll share in this post some trading ideas along with charts. These ideas will be personal and purely technical in nature. Plz. do not take this post as trading tips/calls..sharing just for educational purpose. However, If you really want to play these ideas, your primary goal should be risk management. Profit objectives will come later. Discussion, preferably...
Reliance CMP 1572 The stock is near 2008 highs. It is an important level and is likely to get some respect. Expect some resistance around 1620-1650 zone. In the longer run, any dips towards 1360-1280 will provide good entry opportunity in the stock from long term accumulation perspective... For the current set up, One may consider the Strategy to Sell : -...
Nifty CMP 9606 Sell on rise will hold true if Nifty stays below 9648 levels on closing basis... NIfty is at 61.8% Fibonacci retracement level of the fall from 9710 levels to 9448. & 9648 represents 76.4% retracement level We look to sell Nifty if it is to get resistance in this zone of 9610-9648 Take care and safe trading...!!!