IDEA trade ideas
IDEA - Bullish Engulfing at support post steep declineNote: This is for educational purpose only.
There seems to be a bullish engulfing at support post steep fall. Support seems to be since June so assuming this as strong support.
Entry Price: 9
SL: 7
Target 13
Caution: Please do not trade in F&O as the lot size is 70000. There could be huge losses in F&O.
Don't Enter unless you get the signalSell until you find a green candle that is going to break the line mentioned above.
Ban on Vi F&O is also a part of the fall.
So, until the ban is lifted, sell Vi shares & square-off at lows
When the ban is lifted, you can find the return of green candles,
but don't hold them for long or carry forward unless the blue line is broken.
Well Defined Accumulation Taking Place . I have marked up the entire chart to show the accumulation. We need to see the RS compared to index. The Buying Power will be strong ONLY when Index is clearly n Uptrend and the RS of this scrip is in harmony. Right now at the BU to the LPS .. this is a Value BUY and appears set to rise smoothly .