Very clean, very simple setup you are following, Blitzz. Congratulation.
Coal india looks promising as you say. But it should clear 340 with good volume, otherwise the whole pattern is in danger of becoming bearish wolfe wave.
Take care.
Coal india looks promising as you say. But it should clear 340 with good volume, otherwise the whole pattern is in danger of becoming bearish wolfe wave.
Take care.
Yes 340 if cleared then we head to 360. I may even add to the position rather than booking if we clear 340.
I was expecting a minor correction in nifty till 5250 and then quick bounce to 5450-5500 but market has humbled me. Today My S/L in Nifty position was saved by mere 10 points.
We got a bullish pattern in NIFTY after such a long time that i over stretched my risk to 10%. Now nifty is on its last support/hanging on thin thread. If NF closes below 5170 on daily TF then Bears will be in control.
Blitzz