long term channel and flag pattern.wait for weekly close would like to go long instead of short.if goes bearish i wont short if shows strength would like to buy-------
good risk reward setup high volumes whenever it tries to break the pattern
people kepp saying market can go up........market may go up but right now risk reward is better to short----------- we asa a trader should have no interest whether nifty goes 17k or 15k...we should trade where we get good risk reward short below spot 16150 for given target
trendline break---------- risk reward looks nice if it falls from here
good risk reward------------ purple lines are the targets expected------------
right now near trendline--------- expecting bounce for 16300++++
short idea.........if sl gets hit.235 level is achievable short opportunity because long term trend is down-----------stick with trend!!!!!!!
Avg to good risk reward.if holded can make target upto 1k
BEST SWING / POSITIONAL TRADE FROM AUTO SECTOR -----------
IF NIFTY AUTO OUTPERFORMS...HEROMOTOCORP IS THE BEST STOCK--------- RISK REWARD 1:5 GOOD POSITIONAL TRADE-------
TRIANGLE PATTERN--------- IF GOES DOWN CAN GO UPTO 470-480-----(IF MARKET CORRECTS) TARGETS CAN BE 705+--- 850+ SKY IS THE LIMIT-----BIGGEST BREAKOUT IF TAKES SUPPORT FROM TRENDLINE AND GOES UP
GOOD POSTIONAL TRADE OPPORTUNITY--------- PHARMA SECTOR SEEMS BULLISH IN COMING DAYS----------