Sheetal says "Not a good sign"
My take... "till this expiry, nothing will happen.... August 1st week candle closing may be important"..
Since, we are following sequential reversal pattern, will not get trapped even market crashes tomorrow..... we never ever get trapped for sure.....
Let it crash...who cares.....
Thanks Sheetal for your input and detailed mail...👍👍👍👍👍👍
As expected, Reliance trend reversal not happened..... call options, no clear setup...
Reliance may test 1959 sooner or later.... as such trend is sell on rally....(trend may change is closes above 2164, hope it may not cross, this month)...
(Reliance call option....we may concentrate near the expiry, just bull back)....
Avoid Reliance call options now....
Cheers...
Morning gap down...it was a pure bear trap in the morning....
Call option... has initiated / suggested the buy on trap sequence today....
Normally, this happens.....after a Buy initiated....
First "Buy" sequence / Second "Trap Buy" sequence..... both sequence completed within two days...
Now i may not suggest "Buy" on dip....since.... our object is over....
Let us be in sidelines, tomorrow, if any gap down... I may not use buy on dip tomorrow for sure...
Over Over Over....
1 o clock sequence also suggesting.... still the trend is up....
Today...sishyan is enjoying....he closed at 178....he kept trailing s/l @ 98 😂😂😂😂
My trailing s/l executed @ 121 ....
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Holding with trailing s/l 121.....for a target of 178...
