Kumar why you took decision on buying at that point ?? because there is no sign of reversal , Yes i agree there is slow down in selling that means , accumulation is going on , but why you want to get stuck in the institutional area ? if you can educate me little it will be helpful
Regards
Shivakumar
kumaravelsingai
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@shiv2798, Yaa bro it is low probabaility trade it is type of counter trend trade i know it is in downtrend but its risky as i mentioned in title go long when it is reversed the target will be 38.2% retracement or 50% retracement or above resistant line. You asked why it will reverce there is two support point at december and january thats why i mention i may be reversed :)
thank you
InsiderB
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I'm not sure about setup, But I like the way its presented with stops & targets, Nice :)