//PSU Bank Index//
Why does it look like a time correction going forward?
1. Despite taking support at 38.2% retracement of the current swing, it's over 3 weeks, the index did not revert and resumed northwards.
2. 38.2% retracement is considered as a fast retracement in a climax move like this one. If the move has true energy, prices do not stay at...
# United Spirit (10/12/2020)
> Respected 575 - 580 (SAR) Zone
> Bullish Engulfing
> Thin auction zone (590 - 604) may get auctioned
> Chances are that it may negate possible Shooting star via inverted hammer formed on 08/12/2020
> Play long-side with the help of CPR
> Short term TGT (1) 613 SL (570) CLB
# A complex Long setup (May get unfold)
# Respecting Pitchfork (Means probability is upside move)
# Red Boxes (A) = (B) - Historically Spike Zone
# Contra trade near 380 (Go long) and SAR
# Long as near as 380 (SL - 1 - 2%)
# Can be played through Options
NIFTY has been in a range of 11,200 - 11,300 during I week of OCT. Brake away upside is more likely coz on 5 Min chart there is an inverted H&S appear. That has a clear TGT of 100 - 150 points (Equivalent to 100 - 150%) of the range-bound move. However, if we see any GAP Up opening towards 11,360 - 11,370 fed it first for 11,300 - 11,315 and again go long for...