Long
LTI forming rectangle
buy
as trend is up
it index has given breakout
forming rectangle pattern and under it small rectangle
taking support at fibo 38% level
trade in long term and mid term
long term
tgt 5380, 6350
sl closing below 3570 on weekly basis
short term
tgt 4483, 4750
sl closing below 3770 weekly basis
invest and trade with emotion free money i.e when seeing loss does not allow yourself to book before hitting SL
therefore keep position size in limit with the stop loss
as trend is up
it index has given breakout
forming rectangle pattern and under it small rectangle
taking support at fibo 38% level
trade in long term and mid term
long term
tgt 5380, 6350
sl closing below 3570 on weekly basis
short term
tgt 4483, 4750
sl closing below 3770 weekly basis
invest and trade with emotion free money i.e when seeing loss does not allow yourself to book before hitting SL
therefore keep position size in limit with the stop loss
Note
formed small doji on weekly near support now above the weekly dojican breakout above 4246 as this is week is result
be invested with sl
Note
if 4247 add more for breakout above 4483 can retrace more than 4247after result so book partial profit before result
Note
last week close above 4247. now going above 4600 can show high momentum sl now closing below 3990on weekly basis
stay invested
Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.