LUPIN trade ideas
LUPIN LTD Daily Confluence of Daily Bearish BAT & Bearish Shark STRONG POTENTIAL REVERSAL ZONES
Vertical dotted line is Top Reversal--it’s a two bar Sign Of Weakness. First bar is widespread up bar closing on/off the high with high volume (supply swamping demand) or low volume (no demand). The high and the close are higher than the previous few bars. The second bar is widespread down bar closing on/off the low on higher or lower volume than the first bar
second bar close & low are lower than the first bar low, on volume higher than the first bar volume, it shows effort to go down is successful --second bar high is higher than the first bar high it shows additional weakness. It shows immediate weakness--Effort vs Result & can be traded immediately on first No Demand or Up-thrust.
SELL
LUPIN LTD 4HRConfluence of Daily Bearish BAT & 4HR Bearish BAT & 4HR SHARK STRONG POTENTIAL REVERSAL ZONES as Earlier this Pattern given good reaction on Type1 entry & hit both TargetS
VERTICAL DOTTED LINE is Ultra high volume up bars - trap of Smart Money , Higher volume- Professionals are selling into the public buying
SET UP BECOMES VALID ONLY when RSI is below 70 and IF Price breaks ULTRA HIGH VOLUME Candle LOW & TREND LINE with LOW VOLUMES & with NO DEMAND l.e place for short
POTENTIAL SELL
LUPIN LTD 4HRBearish SHARK
VERTICAL DOTTED LINE is Ultra high volume up bars - trap of Smart Money
Higher volume- Professionals are selling into the public buying
SET UP BECOMES VALID ONLY when IF Price breaks ULTRA HIGH VOLUME Candle LOW, RSI is below 70 and with low volumes & with NO DEMAND l.e place for short
POTENTIAL SELL