I am seeing accumulation phase. The (Nifty Pharma) is Positive. Minor correction which good for new entry. Avoid buying.
Strategy is Buy 100 nos at days low and sell 90 at days High. For that week ( we have bought 500 nos & Sold 450 & holding just 50nos.
450nos would have give Profit. The 50 on weekly is getting average as well as accumulation. Therefore we are...
As far market structure is very positive and great future a head. It is right opportunity for those who missed the flight.
Wait for it to alight, Keep your setups ready to get in at right time. Always a head.
This week has it own story & sector dependent.
Still above trend line. Other candles are opportunity for Optimist. Pessimists must be waiting to sell off.
However book partial profits at all best possible & Those who are waiting discount can use this opportunity.
I have used Fib trend & TrendLine & Multiple R&S
Three Things to Remember
1)Why this Candle Here
2)Where is it from?
3)Now it is....Next what & How, then where to.....