1st Innings Head & shoulder breakout + confirmed by double top@73.50 gave the push upside & turned from 77 highs which was shy of 1-2 points from 79-80 -closing last trading day at 71.50 levels.
Price has pulled back to the neckline which can give another opportunity to bulls & this time if it surpasses 79-80 zone then it attempts 88-90 zone next.
Once it starts moving in your favour, you should keep trailing with profit stops.
Trading Plan
Likely ALBK can hold into Right Shoulder zone 69-70 or moving above 72.50 - we need to keep a watch as it could be early signal for 78 - 80 zone & above 80 for 88-90 zone.
Head & Shoulder -1st Innings above 73.50
Long Term Analysis turning above 65 - Lawyer back in the courtroom
Price has pulled back to the neckline which can give another opportunity to bulls & this time if it surpasses 79-80 zone then it attempts 88-90 zone next.
Once it starts moving in your favour, you should keep trailing with profit stops.
Trading Plan
Likely ALBK can hold into Right Shoulder zone 69-70 or moving above 72.50 - we need to keep a watch as it could be early signal for 78 - 80 zone & above 80 for 88-90 zone.
Head & Shoulder -1st Innings above 73.50
Long Term Analysis turning above 65 - Lawyer back in the courtroom
Transaction en cours:
10:33 Hrs 8th Aug2017
Last Price@70.35
Makes low@69.65 Goes into Right Shoulder low@69.40 & bounces - 1st set done & now if support comes then we go next set which is upside.
Last Price@70.35
Makes low@69.65 Goes into Right Shoulder low@69.40 & bounces - 1st set done & now if support comes then we go next set which is upside.
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)
Last Price@69.85
Global Markets are weak - we need ALBK to push above 70 to give confidence for upside move else going below 69 - we will stay outside for temporary period & keep a watch once it starts moving above 70 & later 73 -that will be good sign for upside.