Once i was very Bearish On this scrip , Until my views are negated , Now its hard to find the price participation behavior on candlestick charting , Hence i turned to Noiseless charting , Point & Figure , if you look carefully they are not dropping aggressive , but they are making an small flat only to burst out up side move Look for 15 Minits strong...
One can look for buying April Contract 3000 PE @ or near 85 , CMP 102.00 and book near sport drop to 3000 and PE price i am looking to book @ 170 No stop loss as this is heading in very narrow range , You might see Gap up open and high run in spot for 3310 or 3325 ,
This is next possible move one can look for set up to take the trade
I am looking for new low in this scrip , i have currently forecast as Maximum pain value , it might go up to it or might make pause in between and reverse , but new low is coming tats for sure once can look for short sell set up
I am looking for progressive structure in this scrip , and usually the progression takes place in the form of making higher high and higher low i am looking to book near 1st take profits of my futures contract, my buy set up is it has to give me an pull back and reverse entry
One can wait for this small correction to complete , and look for reversal near or at 216 for entry book near the forecast using trailing stop method
One of the hardest part in trading is forecasting ending sequence this scrip is heading for one more drop , and that drop could form in this pattern , You can ignore this move or trade with care with this range
One can look for short sell and book using trailing stop method
One can wait for Close below the 1900 for short sell set up and look to book near the forecast target
Well i am not giving the indication here where to short , its your personal trade method but remember this move is last move before it makes its turn around
One can look for short sell and book using Trailing stop method
I am looking strong reversal in this scrip after an sharp move down , One can wait for the price to tag and reverse , suppose if fails to make to that point i would probably ignore this trade and look for different set up
I am looking for short sell set up for next move down
One can look for next move in this passion , I am looking an correction before this makes to new recent high One has to be careful only the pause and reverse has to confirm for buy set up
One can wait for price to close below its recent strength candle and look for short sell set up I am looking if it cracks it will make to new low
One can look for close below the recent strength candles for short sell set up and look to book near the forecast One more important point i only trade in Futures segment , so for cash traders you can look to trade Options buying in PUT and exit them with your own method of profit booking
This is going down for one more move , One can look for short sell set up
One can wait for 15 Minits Bullish close for entry and look to book near the forecast , Many time i have seen that Spot will reach the target but in Future segment price will not make to expected target , Look to exit with trailing stop ,