The channel was broken and price went beyond 5900!
Weekly Analysis:
Daily Analysis:
Summary:
Weekly & Daily Up. The column of 'x' is pretty strong. The strength of bulls are getting stronger. 5950 last hurdle to the bulls. The pullback to this upmove should get tested @5780 level.
Dear Rajib,
ReplyDeleteWhat about VPO is it intact or anychanges in it b'coz it crosses 5950
Regards,
Pinakin
Dear Rajib,
ReplyDeleteMarket is not giving oportunity To enter. It crossing resistance level very easily.kindly update for this week.
Regards,
Pinakin
@ pinakin,
DeleteI don't know what sort of trader you are - I mean intraday or swing?
If you are an intraday trader - you should not worry about the larger trend.
However, if you are a swing trader, you need to decide which side of the swing you want to play. In a swing trading, you need to decide your levels, wait PATIENTLY for that to come, act when it comes. My little experience shows that by doing so you may not always win but you definitely control your trade and market does not control your trade.
Look at the past history, it always turns. In market - a lost opportunity is far better than a last entry.
BTW, updated the blog with my view.
Regards,
Rajib
Dear Rajib,
DeleteThanks for your update .as I m a swing trader I always to be in larger trend. I was not able to make position In long side as VPO was 4940, I was always afraid that to make long position but now as you said scenario changed . I ll try to make position around 5800 of long side.
Regards,
Pinakin