Rule : Rising channels can be traded in 2 ways
1. Buy at lower end of the channel and book profit at top of the channel (Never buy breakout from the Rising channel / Buy near top of the channel)
2. Sell only the breakdown from raising channel below previous low
My Learnings
Many asked me on Rain Industries.
— Shivaji Vitthalrao\U0001f1ee\U0001f1f3 (@shivaji_1983) June 16, 2021
Rule : I never Buy near Top of the Raising channel or the breakout from the raising channel.
Why? do some back testing. We may miss the move if it breaks out channel but chances are 20% but getting caught 80% is brutal.
My learnings. pic.twitter.com/Kfok8z6V3U
More from Shivaji Vitthalrao🇮🇳
Market knows what it has to do😀
1 trigger below 165 bus hogaya kalyan 🤭
Just for fun. Hope no one is getting offended by this.
Hindcopper - Upside capped at 206-212 currently due to the trendline and gap area.
— Shivaji Vitthalrao\U0001f1ee\U0001f1f3 (@shivaji_1983) May 28, 2021
Downside below 165-164
RSI not showing great strength.
Alert for bulls pic.twitter.com/2VbqveZPTD
Previous low 135 can be the SL for longs.
Possible short term bottom here CONFIRMATION ABOVE 158 for further upside
Hindcopper -- Expect Buying interest once price cross/close above 157-158 zone pic.twitter.com/GfRd1yHFpH
— Shivaji Vitthalrao\U0001f1ee\U0001f1f3 (@shivaji_1983) July 5, 2021
155-175 Major support and also retest of breakout.
275-220 Probabable targets in medium term.
#PRAJIND https://t.co/dsbj25WPbQ
Thanks. Praj Industries perfect smart distribution. More weakness below 336. Rise to 355-365 can face selling pressure.
— Shivaji Vitthalrao\U0001f1ee\U0001f1f3 (@shivaji_1983) August 10, 2021
Below 336 I see 275 in few months as long as its trading below 388 on closing basis CMP 351. https://t.co/iMRpbTfOpU pic.twitter.com/mKwgDwreaU
Till it breakouts expect pendulum swings within this structure.
I am positive for 19300-20000 above 18350.
Bottoms 16800-17000 in place and 200dema at 16600. Dont see any big cut. @moneyworks4u_fa https://t.co/lceGFlDyRM
#Nifty taking a shape of triangle rather than CNH.
— Shivaji Vitthalrao\U0001f1ee\U0001f1f3 (@shivaji_1983) January 29, 2022
Confirmation point is same 18350 and targets also same as below \U0001f447
Traingle /CNH whats in a name as long as targets and Confirmation point is same. https://t.co/vfM1odTd94