NIFTY : Moves are going to be FIERCE in coming 2-3 sessions from today.
Why ?
Channel Re-Entry or Failure
MACD Bullish Crossover or Failure
Volumes are picking
RSI has just melted from its over zone levels.
All above factors can make a Sparkling Move very soon.
But which way ?
If channel entry fails without macd cross , bloodbath.
If prices re -enter to channel with macd bullish cross , BULL RUN.
Where to put the money , bull or bear ?
I say : " Bulls have an EDGE "
because :
1) Channel re-entry is the MOST PERFECT trade in direction of channel as long term channel don't break easily, even if they do , prices return back.
2) Volumes picking Up , if channel was not to be pierced , what the hell volumes doing here.
3) MACD has shaped up to signal a jet set go position as soon as prices enter the channel.
4) RSI just left the oversold zone and now should aim straight to overbought zones.
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"Bet with your HEAD not HEART"
via WW jee.
SS
Dear,
ReplyDeletegood morning
what is the stoploss for MCDOWE-N
Hello ,
ReplyDeleteStop Loss is 1785
I had a wrong entry , very pre-mature entry.
I dont know from where it will bounce , but very soon I will be taking march calls in bulk with SL 1785
Currently I am long with feb calls , which have posted a decent loss but I have let them running...let them run , I dont mind even they get to dearth , they are lesser in quantity.