Bearish Shark pattern on 4H Chart of YESBANK. SELL 155.5-157.
I starting learning Harmonics some days ago and just observing currently, how the price action works here and thereby trying to refine on my Target(s) & SL levels, which I'll be posting when I get proficient enough to.
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In the chart, I have taken a scenario from October big down move and plotted how Money was withdrawn before the devastating move.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...
As per charts it strongly bearish. 132-128 is strong support zone and is unlikely to be broken. Its beaten down and risk to reward ratio at current stage is very good. People having short-mid term view can add it to their portfolio with protection or sell 130 PE at 7 rupee premium where breakeven goes upto 123.
Let us keep stock Markets away for now and take some of the real world scenarios, where we can apply Value based buying and selling in our daily life.
The Great Real estate Market
When someone plan to buy a Plot in an venture, Let us see how an Smart Person makes the decision, by...
BUYING RANGE 236-241. STOP LOSS 228.
TARGETS OF 285 & BEYOND IN THE COMING DAYS.
AS OF NOW, IT IS IN A DOWNWARD SLOPING CHANNEL WITH MOVEMENT UPTO 240.
THIS IS BECAUSE OF THE HEAVY SELLING ON THURSDAY THAT TOO WITH VOLUMES (3.29 Cr traded but delivery % of 29.6).
Follow me on twitter @piyushrawtani where I post interesting stuff regarding the markets. =)
1. A fall was expected today after a bad result posted.
2.Heavy selling and closed at the support level.
3.When there are two very close support /resistance levels one after the another , price tends to fall below one support and support below usually holds.
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...