@VijayThk Guys it's monthly chart above abd above that #LTF will atleast take 3-4 month if ever breakout happen above 340 ..as per Me...
I'm not ready to park my money for a stock which will take so much time to even breakout..
I will trade elsewhere momentum stocks
@Gaurav_Cx10 No...Charles harris himself was in loss / heavy drawdown ..bcoz of pullback ...bcoz in uptrend u never know it will touch 50 ema and rebound or it will go much lower
@AnkurPatel59 Now suppose u look in simple terms above chart..
let's take example of 1st chart apollo micro..there is double bottom at higher level ..its taking support so one can simple buy with green candle with sl low of candle..and previous days volume is also there to support..simple..
@AnkurPatel59 My 2 cents I may be wrong.whatever strategies/setups overexpose ho jaata hai...then it loose its edge..like vcp mark miverni/quallamagie/tightness/EP etc
Now the fun part is whichever stocks is running up or rebound.everyone is trying to fit it in above setups to justify it.
@VijayThk One thing more if u see rsi just made u turn hitting #RSI @ 60 ..340 level and now #RSI is back In range..now what I hv experience with rsi in last many years...its hard to again go up above 60 in next 4-8 weeks and to break 340 above..
@VijayThk#LTF I'm giving u two scenarios...one is momentum and other is hope with support.
As far momentum it's concern ..daily is momentum less ,same goes with weekly and some extent to monthly too...( reason : #RSI for me without involving this indicator I don't buy ir sell anything )
My trade journal,
For this weekly expiry ...till coming Tuesday..
#ironcondor
Call 24500 and 24550
Put 23800 and 23750
17 points...32 lots ...let's see
Sl : will be 1:1 risk reward ratio or even 0.5 of profit...let's see..
#nifty#niftyoption#weeklyexpiry