It is still moving in a choppy manner, but taking risk of 235 -trader could have taken long positions -when it hit recent low@246 against losing 10 points -trader could have gained 50 points -where it travelled to recent high@292. You will always have to take risk to gain but in a smart manner.
Trading Strategy
Scenario-1 Risky Scenario
If the gap is sustained or taking stops below 270 -one can look for an upside push in the zone 295-300 zone.
Scenario-2 Let the bank move above 287 & sustain above 285 then trade for 295-300 zone as target zone.
Scenario-3 Moving below 235 -long time support can open more on downside taking into 150-160 target zone.
Previous Update
Looking for C-wave below 235
Trading Strategy
Scenario-1 Risky Scenario
If the gap is sustained or taking stops below 270 -one can look for an upside push in the zone 295-300 zone.
Scenario-2 Let the bank move above 287 & sustain above 285 then trade for 295-300 zone as target zone.
Scenario-3 Moving below 235 -long time support can open more on downside taking into 150-160 target zone.
Previous Update
Looking for C-wave below 235
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)