AARTIIND fut is trading at multiple support zone of 480-483, it bounced multiple time from these levels.
Risk:Reward Ratio is in the favour of bulls.
Could be bought with mentioned stoploss & targets.
Aartind has been falling since 149 days and has reached its previous long term support and has formed a beautiful bear trap.
Bear trap logic- it has broken the support causing people to go short and after a few days the market moved higher on very high volume
trapping sellers and has broken the falling trednline
STOP LOSS: below the trap
Traget: 707.75
reliance has been falling since 74 days and has reached its previous long term support and has formed a beautiful bear trap.
Bear trap logic- it has broken the support causing people to go short and after a few days the market moved higher on very high volume
trapping sellers and has broken the falling trednline
STOP LOSS: below the trap
Target: green line
FLAG FORMATION BREAKOUT IF, THIS CROSSES THE 1802 LEVEL.
THE FIRST TARGET IS 2034.70
THE SECOND TARGET IS 2106.
Warning:-This presentation is for educational purposes only
