SAIL SAIL SAIL - INDICATING BULLISHNESS It is been observed on weekly chart that the price action firstly breaks out from a downward trendline and now trending up with increasing volumes indicates change in trend and also high pressure and dominance of buyers in the current price action war. I believe it is a great investment opportunity where one can make over 28% returns within few weeks.
Target: 65
Stoploss: 44.50
Duration: 2-3 weeks
Trendline-breakout
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)



