Hi All
My analysis is based on wave trend oscillator and fibnocci retracement. In the Above chart as per analysis wavetrend crossover happened below over sold zone. as for retracement wait for price rejection at 0.382 or 0.236. if 1 hr candle closes above 0.236 then analysis is void. if price rejects this level then enter long trade.
This idea is for informational purpose only not a trading idea
Trade Details for hedging
(December Series )
GRANULES FUT buy at - 331 to 333
GRANULES 330 PE buy at - 8 to 9 Rs
Target 346 in cash
stoploss close below 328 in cash
My analysis is based on wave trend oscillator and fibnocci retracement. In the Above chart as per analysis wavetrend crossover happened below over sold zone. as for retracement wait for price rejection at 0.382 or 0.236. if 1 hr candle closes above 0.236 then analysis is void. if price rejects this level then enter long trade.
This idea is for informational purpose only not a trading idea
Trade Details for hedging
(December Series )
GRANULES FUT buy at - 331 to 333
GRANULES 330 PE buy at - 8 to 9 Rs
Target 346 in cash
stoploss close below 328 in cash