confirming wave e on chart...
SL for positions will be 190.00+/-1.00 needs to be monitored closely.
Banking sector is poised with enough arsenal for a surprise " rally" from here.
Caution cannot be throw out of the window.
Volatility is always a boon for day traders .
Go with the flow...
confirmation of "e" on the chart awaited
waiting for price confirmation.
How to classify this pattern?
"Continuation Or Correction "
1. Perfectly placed shrinking price action.
1.Angle of pattern is gradually rising?
Added minor wave counts
usually i avoid this habit to reduce noise.
10% Stake increase Approval received.
News based move
Stop-loss below trend line.
using dips & Spikes as trade opportunity.
following the channel.
-VE only below trend line
I've listed this investment strategy as Neutral
to keep emotions out
following Price moves only.
Keeping it simple as always
Positional trader can continue holding...
as per their logic .
Traders : we are watching price movements
on 1 hr chart better to go with the lower trend line
as reference and our safety.
## Interesting price moves visible around 190.00 ##
Triangle formation (needs 5 points to complete)on its last 2 point ...
Range of Triangle is 100.00 +/- 5.00
Range of last 2 points is between
520.00 Upper and 460.00 Lower.
"Option Traders careful till this
pattern is completed."
will try and keep charts simpler and clearer and less messier.
chaio for now
happy weekend ..
In principle stop loss will work better if you are clear about your trade.
If you are a day trader swing targets are easy to identify.
traders upper and lower trend lines are clear.
Investors will have to wait for the price action to complete inside this pattern.
thereby giving us a decisive break for further projection of roughly 100.00+/-(This...