Biocon - sine wave motion

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Last Long idea failed; Cube is gone. Prices may conserve energy for some more time; till then they are in sine wave motion. May consider shoting the stock when prices hug the upper parallel (in yellow) as maked in the char. Idea invalid if prices breach previous lower high at 401; this is because the long idea is still valid as mountain base is filling and market structure becomes bullish once prices break the previous high. If that happens we may initiate long postion again with stop loss below market structure. This may become a very profitable trade if turns out so, otherwise we may look for similar opportunity when prices reaches the short target level as indicated in the cart.


DISCLAIMER: Trading in the stocks market or futures markets is one of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and sandeepkumarmeenagreaternoida is not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information.

This is one person’s experience, your experience may differ.
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SO FAR SO GOOD. PRICES MOVING DOWN ALONG WITH SLIDING PARALLEL AND TREND BARRIER, BUT TRADE NOT ACTIVATED YET. WAITING FOR PRICES TO HUG TREND BARRIER.
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Prices hug the upper parallel at EOD. Initiate short at opening of market at 397 with stop loss 405
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fall from cliff is coming; if sellers succed in their endeavour.
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Mountain type trade opportunity
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Behaviour of swings changing. Initiated Long position at 393 with stop loss at 380 (Future contracts value levels)
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change in behaviour was a trap. They were able to trap me in rinse and wash.
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RINSE AND WASH...PERFECT..!! THIS LESSON COST ME VERY DEARLY. WILL FIND ANOTHER LONG OPPORTUNITY.
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wrong chart posted
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Prices reacting perfectly with demand and supply gaps.
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ONE WIDE RANGE BAR AND PROJECTION OF FUTURE VALLIEY...VALLEY FORMATION COMPLETE TODAY..
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old lines still working. This is last update on this link idea.
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Chart PatternsTrend Analysis

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