About meI'm a short term positional trader (F&O). Nothing is better satisfying than genuine knowledge acquisition. I share my trading ideas with my 4 years of intense experience to fellow traders to benefit from. "Keep it Simple" is my mantra!
After a heavy volume selling, volume is seen decreasing with a rising wedge/rising channel. This shows probable consolidation before the selling trend resumption! There is also a near bearish engulfing pattern seen the day before!
1. 100 SMA support
2. RSI positive divergence
3. Falling Wedge
4. Hammer pattern offering a small risk to high reward setup
Sometime we jump the gun when opportunities knock & if the risk is very minimal!