marzil
Long

INDIAN HOTELS // levels to watch

NSE:INDHOTEL   INDIAN HOTELS
  • Currently long from 61.8% level marked (124), break of red ranges is bullish AF .
    Right now we got rejected from descending triangle's upper trend line , expecting it to break at the retest.

  • Probably will hedge sometime at red lines marked.

  • Liquidity at demand zone getting weaker after 5 bounces. A break below demand range is bearish , will look for shorts.
Comment:

RSI support at 35.24 // establishes since last year.
Adding on the frontrun of this support, but closing some of my position if it breaks.
Comment: Volume profile // break of point of control is something I'll monitor.

Trade active: Opened spot long at 124
Looking for a bounce at EQ or above
Trade closed: stop reached: Stopped out folks, welcome to trading.
Comment: As demand rolls over, it will soon turn to support and be retested.
Looking to flip short.
Comment: Really surprised, didn't think we'd still close within the orderblock on the daily. Might have been a mistake not being patient for the close.
Anyway, might take a small long position if we break above orderblock on a LTF retest.
Trade closed: target reached: Target 1 reached!
Happy with 14%, selling 30% of my position here.
Entered at 124 if anyone's asking
Comment: Closed another 20% of my position at 145, still holding half of my position.
Closed another 20% of my position at 145, still holding half of my position.
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