The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.
Reasons to Trade:
a) In Rangebound
b) Taking support at 20ema
c) expecting box breakout
ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE .
SELL AT 1430
The indicator used:
1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts
2) TE-REKAB
- PB : PULLBACK
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV,...
Escorts is hovering at Line of Support. It has respected this line 5 times, whether it'll defend this 6th time?
SL 1% i.e. 1145 with 1195-1205 as upside, Risk:reward of 1:4.
Escorts is hovering at Line of Support. It has respected this line 5 times, whether it'll defend this 6th time?
SL 1% i.e. 1145 with 1195-1205 as upside, Risk:reward of 1:4.
ESCORTS is playing inside the box.
it is like a spring which is twisted twisted twisted too much and released once.
we will have large move on either side.
So look for brakeout and play accordingly.
Daily/ 60min/ 15 min 3 very small exciting candle
confirmation entry
pro:
1. origin of explosive move
con:
1. smaller 15 min 3 exciting candle
2.Nifty is down trend
3.6 basing candle
