Long One can wait for Brake of Friday and high and close on 1 Hour Green Candle ,
No need to buy on Brake as some time they brake and go back down
Going long on confirmation is Good for this short range move
ARVIND trade ideas
Long & Short ( Running Expanding Flat) This is the one instance where major Retail gets trapped thinking its start of New Trend ,
Some time even the Pro gets trapped , but for sure We Know what exactly its happening here
We call it as Running Expanding Flat where the internal structure looks like New leading Impulse but facts are far away form it
Its just an Elongated pull back before resuming the bearish trend
This also indicates the Entire Trend is at last drop
and once this pattern completes the Net Trend will start
One can look for Going long on reversal daily candle , and cover near the forecast area and Go short on reversal daily for Next leg down
ARVIND LTD inside bar trade Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
[Intraday] Bounce from ~85 + weekend lvl 7Has been falling the past 7 days, with the first green candle today. hasnt broken PDH in the past 8 days,
Long only if it breaks the high of the previous day with a stop loss at the previous day's low.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
PDH 89
PDL 84.8
A possible uptrendThis one consolidated in a range for weeks before it broke out, The bollinger band seems to be contracting again so we can expect a couple sideways sessions before continuation of the uptrend. The support and resistance areas are marked in the chart as green and red respectively.
An ideal time to take positions for mid-long term. In the mid term the resistance zones will be the exit zones
This is not a trading advice.
