I am a trader, investor and a full time working Professional (NRI). I have developed my own system based on pure price action and do not rely on any indicators or data to make decisions. Nifty Options are my favourite Bounties.
We have a long oppurtunity with GUJGASLTD. Details as mentioned in the chart. Watch the area around the line for reversal.One can take Lower Time frame entries to reduce risk further.
T1/T2/T3 are targets.
All the best, Y'all!
Classical pattern at play and sector rotation seen in broader indices hints at respectable appreciation for HDFCLIFE. Chart is self explanatory and one can enhance RR with PA on Lower time frames.
Observe the PA around the lines marked. PA may breach the lines but most likely it will close above the thick red line. One can long in Lower time frames for Minimal SL and Highs as gains.
Take care Y'all!
PA Is near a key supply area and so one can take a risk of 3 -4 points for 20+ points of profit. If in case the SL is engulfed then there could be a rally to the upside and w may take a long after the engulf.
PA in Apollo tyres shows a possible short trade near ATH zone. I will be taking a short trade at the edge for a 5:1 odd RR. Target can be deeper but that I shall update once we see the Price Action.
The other possibility is that the price can make new highs and then give us a reversal. Lets watch.
Trade safe and take care!
PA shows price hovering around a demand zone and a revisit to the 480 levels or lower for a long up to 600 odd levels, where PA will possibly take a reversal back to the lower demand levels of 420 odd levels. Over the next couple of days we will revive the PA and take appropriate levels for long.
I shall repost the analysis again if we get a shot at taking long...
PA suggests a likely scenario for prices to revisit the 1200 area for a long trade with a decent enough RR. We can wait for the PA to reach the 1200 area and look for a reversal there for a long trade to minimise our risk.