MIGHT BE A H&S PATTERN, I'LL ADVICE TO WAIT SINCE VOLUME IS LOW, IT MIGHT GO AND MAKE ITS NEXT SHOULDER, AND SINCE THE TRENDLINE ISN'T BROKE, WE'LL NOT SHORT OUR POSITION NOW, HOLD IT SEE FOR FUTURE AND TODAYS MOVE WHAT IT GIVES TO YOU. LET IT BREAK, LET IT RETEST THEN SHORT YOU POSITION FOR 1:3 OR 1:4 OR MORE THAN THAT, WHATEVER YOUR WISH.
THIS MIGHT MAKE DOUBLE H&S PATTERN, ASSUMING IF IT IS MAKING THAT, THEN WE'LL GO SHORT OF OUR POSITION FOR 1:4 RR, AND THIS WILL EASILY GIVE OUR TARGETS TO US, HAVE FAITH AND PATIENCE AND LET IT BREAK AND COMEBACK TO RETEST THE KEY LEVEL, AND THEN SHORT ON GETTING CONFLUECE.
Lupin can be a best Buy, we may see a breakout soon, can not say when will it do that but just very sure, it will do that, it has created its higher low, and its time to shoot up.
for intraday see my next idea
See this, hope you made good money yesterday using this, that was nothing but 1:4 RR trade and today also we'll target for easy 1:4 Trade, hope so HDFC will break that, see the trend line, if that breaks and resistance line also breaks we'll initiate our long position with SL below the breakout candle, and go for the next target.
Hey There, this is a great trade and might go in a flow if market pushes suddenly up, but its sure to go up, if you go according to the plan,
dont take trade if market resists the neckline, let it break let it come to take rest then on the second check lower your timeframe to 5m then check whenever you get your position to enter the trade for long at the...
check if it retests the trendline, then that'd be a great shorting position, because for positional traders, it has given a breakout, and wait for the correction, if it breaks the red line @3911.70 and initiate your short somewhere around @3956 with targets to be @3911