3M India
Mis à jour
Trade Setup:
Monthly: Forming inside bars from green candle formed in March21. Hammer & doji's formed at the bottom of down trend (positive).
Weekly: Crossed the longterm trend line (red colour), and retest happened. As a confluence, broke out of wedge pattern with volumes, and retest happened. The bottom trend line (pink colour) acting as support. Crossed 50 EMA with volumes.
Daily: Observe the low volumes on retest of wedge pattern (positive).
Entry = 24496 INR
SL = below swing low ie; 22370 INR
Target = 26495 INR (T1) and 30000 INR (T2) ie; confluence with 0.698 fib levels & psychological levels.
RR = 2.55 (considering T2)
Remember: for any trade, more the confluences, more is the probability for successful trade. This setup has all these - so, high conviction.
Monthly: Forming inside bars from green candle formed in March21. Hammer & doji's formed at the bottom of down trend (positive).
Weekly: Crossed the longterm trend line (red colour), and retest happened. As a confluence, broke out of wedge pattern with volumes, and retest happened. The bottom trend line (pink colour) acting as support. Crossed 50 EMA with volumes.
Daily: Observe the low volumes on retest of wedge pattern (positive).
Entry = 24496 INR
SL = below swing low ie; 22370 INR
Target = 26495 INR (T1) and 30000 INR (T2) ie; confluence with 0.698 fib levels & psychological levels.
RR = 2.55 (considering T2)
Remember: for any trade, more the confluences, more is the probability for successful trade. This setup has all these - so, high conviction.
Transaction en cours
Target 1 achieved on 03Nov21.Keep holding for Target 2 with trailing SL (swing low as SL)
Trade fermée manuellement
Trailing SL hit
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.