iblameraj

iblameraj

before investing do your analysis.

iblameraj

after breakout we can see good move.

iblameraj

the reason why, i'm posting this again, you can see the volume of today, it's enormous. price is at ATH. we can still make money in longside. i'm bullish. (personal view)

iblameraj

watch option chain. for majority view.

iblameraj

if fail to breakout, then chances are price can go downside.

iblameraj

usually i don't explain things here, coz alone chart is enough to give idea of technicals.

iblameraj

i have already posted 2,3 charts of nifty.

iblameraj

those charts doesn't works. in market simple things works best. it's very easy to draw some line and try to predict the future but it's useless. experience traders knows.

iblameraj

!

iblameraj

be cautious, before making any decision. wait for the clear direction.

iblameraj

so ignore arrow drawing, focus only at major, support and resistance. take decision nr to support and resistance for the best risk/reward.

iblameraj

wait for the breakout or down! we will capture good move, just keep an eye.

iblameraj

lot of people are talking about, this rally is bubble we will see bigger downfall in upcoming weeks. what's your take?

iblameraj

but if volume lack, and reliance respect resistance then price can slip to 1450. also check his option chain data, you will notice something interesting.

iblameraj

majority view looks bearish.

iblameraj

this stock is a leader in alcohol sector. 1 month return 18.42%. 5 years return -18.23%.

iblameraj

but before any long term position, we should wait for this quarter gdp result. this will save you.

iblameraj

!