CompoundingGain

CompoundingGain Updated 

This has been in a strong downtrend for the past weeks and now at a 10 year support level where Fund Managers would love to go big on size with a TIGHT Stop Loss . However since its trading below all moving averages i feel that it will get rejected in its attempt at reclaiming the long uptrend line by which time our beloved NIfty should be around 10422-10500ish...

CompoundingGain

Once we clear the 200 day MA which most likely is within 24hrs we dock at Jupiter

CompoundingGain

Clear the 200 Day MA and we Dock at Pluto ...check out what happened last time in Sep 2019 when it cleared this supply zone!

CompoundingGain

Still Bullish on this , just want it to stop teasing us since a lot of stocks are at key levels and waiting for the index to show us the trend! On the plus side since we are close to point of invalidation of trade , can safely go big on size with a tight SL and be ready to flip to short if we do loose support.