The Real Cylinder Company is here. .
If you carefully notice, buying has been happening since Diwali week #EverestKanto
Next target 140. Any dip near 80 area is a buy
The Great Indian Banking Sector which is all time fav of all FIIs -bounced back in last one year purely due to liquidity measures. Ideally, we should be at 17K-18K with the current economic state minus the liquidity. 31st Dec Week Close very imp. Time to go short - black line SL
Currently, Feb Futures are trading roughly 130 points premium to Dec. Confirmation of short will be Feb/Mar futures to go discounted to Jan.
BN is like an ex who can ping you at 2 AM and disturb your next two days. boys who went short yesterday following a proper triangle breakdown pattern forcefully covered in losses and just after that it gave a 500 point fall :D
Now they wont short for another two days
looks like there is a good news for the hotels in India.
50 MA turning over 200 MA. Drop in volatility. waiting for confirmation
my candidates #lemontree above 28 and #Indianhotels above 100
Identifying breakouts.
Volatility Contraption Method.
Upside breakout candle of 4th June has a strong volume which confirms the breakout.
Today it is stuck at 10% upper circuit. #SpiceJet Let us see how it unfolds now. Should fill the gap at 60
Trade 2 #IDBI
Didnt give an entry price. If anyone bought at 20-25 with a stop loss of 2-5 Rs. was purely scrapping bottom. Rewarded highest with 80% upside (4th continuous upper circuit)
Purely one of the best examples of Risk Reward ratio #educational#PriceAction
Trade 3 #Rainindustries
Classical drop in volatility in every swing low (cup). I think we are in the handle stage now and it should breakout 78-83 region. Another rocket about to launch ?
125 should be easily possible in two weeks time then