Rising Three Methods Discussion
Configuration - >Look for a tall white candle followed by three small candles that trend lower but close within the high-low range of the first candle. Candles 2 and 4 are black, but day 3 can be any color. The final candle in the pattern is a tall white one that closes above the close of the first day.
NSE:BAJAJCORP can be long from here as came near to its support and also taken good correction again it will kiss the nearest high point of 430 and next can be 460-470. Long can be initiated with the stoploss of 370 from the current levels.
Do your research before taking any position, All the best.
In Last Update- ABCD pattern worked its magic & we got 2 back to back trades - going long in the zone 420-423 for 435-440 Then Dropping from 435-440 to 395 - Isn't Amazing!
Since Feb2011 lows of 73.40 - It has travelled in impulsive manner & completed choppy Intermediate wave-4 at 360 lows- which will be critical support for our next set of upside target ...
Possible completion of ABCD Pattern where CD-leg could complete 161.8% of AB leg - Face resistance from 440 or in the zone 440 - 435
Both the scenarios 360 is critical level downside- if breaks, then can fall sharply downside.
Going to zone 435-440 where CD leg completes 161.8% of AB leg -face resistance below 440 & fall close to ...