Hi friends, after ECB, FED, and RBI announcement today's market is little quiet, but in this quiet market BGRENERGY silently formed HH-HL pattern on daily basis, though market hasn't closed yet, I think BGRENERGY silently done the reversal move. Though it is looking tough to define a small stop loss but on 30 minute chart and 240 minute chart both showing 271, let's cut another 1 Rupee and keep the SL 270.00 and best entry price 274-275 (CMP 277, can take a small qty) tgt will be 290, 302. First target is little small. Buy my point of view is it has changed its longer term down trend. So friend if Risk:Reward is not looking impressive for you, don't buy, besides I would like to suggest please don't short now at least. Wish you all have a happy reversal.
2 comments:
Thanks you very much for the detailed explanation.. Sir plz also update your views on nifty.....
Everyday around 8.30 I just check moneycontrol for news updates, Bloomberg for European & US market updates and your blog for nifty trends......
Many people are like me they may not comment here but they check ur blog regularly....
Sir I request you to update Nifty trends regularly.....If possible Bank nifty also
Ok sure sir I will try my best .. thank you for your suggestion
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