Finnifty (weekly )
More probability is there for "Bearish "
.
.
For " Short "
entry: 20450 / 20700
target: 20055 / 19760
stoploss: 20550 / 20780
.
.
For " long "
entry: 20800
target: 20950
stoploss: 20700
.
.
Enter only if market Breaks
"Yellow box" mentioned.
.
wait for proper reversal and conformation.
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don't be aggressive.
.
refer old ideas attached below.
Finifty I expect to go long next week's expiry. Please see the description in the charts.
The right side is 5 mins chart depicting
1. double bottom
2. break of lower high
3. Process of creating a 2 legged correction, once the second leg is created,
it will be a good time to go long
The right side is higher time frame 1 hr depicts
1. Flag and Pole pattern
2....
After being in bearish trend for 6 months, now we can expect term reversal.
Most of the stocks were trading in bottom of the channel, now there is the possibilty for short term bullish.
Once breaking tthe channel bull trend will starts.
