Hello Guys, I have tried to do a MTF analysis for Powergrid, which looks very bullish to me for long term perspective . Please do watch and share your feedback in comments if this is helpful.
Amazing analysis. Saw this last night and based on the setup took 240CE which I rode from 1.8 to 3.05 a good 70% profit. Thanks a lot bro. Keep sharing such analysis for us.
@aktradelearning, It made a bearish engulfing today lol and things don't look good.
any change in your outlook ?
aktradelearning
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@raharora, No, view is still same. From previous HL, it is making another HL. Not everything will move in one direction...
raharora
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@aktradelearning, I know it hasn't broken the previous rectangle's support, but is now almost trading at it. All the indicators are also showing weakness.
What do you usually do in this scenario ? Wait for the support to breakdown ?
aktradelearning
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@raharora, This is long term view, so sometimes patience is required. If you have taken any position in FnO based on this then it may be always risky and best to to play with hedge or only play intraday/short term view in FnO as that requries momentum
aktradelearning
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@raharora, Happy now ? what a blast it is giving in last two days
raharora
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@aktradelearning, I just opened this idea to write it to you, only to find your comment above. I bought future lots and I'm around 15% profits now.
And I greatly owe a part of it to you and your analysis because of which I had more confidence to hold it longer. It's so simple & basic yet so effective. Thank you so much. May god always bless you :D
Thanks a lot bro. Keep sharing such analysis for us.