What is Smart Money and what it does in Markets? The most asked but unanswered question.
In the chart, I have taken a scenario from October big down move and plotted how Money was withdrawn before the devastating move.
Yes - The people who knows when to enter and exit the market - Are SMART, isn't it
SMART people understand the VALUE and Fundamentals to find ...
Ideal trade setup for people who want to learn how to plan a trade around one script.
The pattern on HTF will confuse you as it will not give you clear picture but as you go scouting on STF you will find that kotak have started to move in a downtrend channel which is further taking the shape of a falling wedge.
Takeaway from such movement is that short the trade ...
Buy above 1251 with stoploss at 1230
Target 1 - 1258
Target 2 - 1271
Target 3 - 1289
Target 4 - Channel top
Always trail ur stoploss
1.Price moves upside inside a channel
2.RSI Momentum takes support at previous point
3.MACD is showing small divergence and is above positive
4.Price is taking support at 200MA
Sold 1 lot of 1400 CE at 8
Sold 1 lot of 1100 PE at 6.55
Total points gained = (8+6.55) = 14.55
lot size = 800
Upper BEP = 1414.55 ~~~ 1415
Lower BEP = 1085.45 ~~~ 1086
Max Profit = 14.55 * 800 = 11640
We will get max profit expires b/w 1100-1400
This can do two things it can brake the current structure or it can move up for one more move i am not interested in buy of this , I will be only looking for short selling on 4 Hour reversal and i will keep this trade until my forecast come ,
This trade you dont want to miss