274PA Does the 380 Supports holdsThere are heavy chance that most of the presented scripts does not meet set (described) entry conditions, as most of the posted analysis are based on passive analysis (PA). Many times Market does not provides good and ideal entry points. Hence needs personalized intraday techniques and strategies (PITS) for your entries and exists (Profit taking point 1 (PT1 or PT2) or Stop loss points (SL)).
Disclaimer: Set-up shown here is only for Educational purpose only; This is not a sell or buy recommendation. We are not responsible for any loss or gain; Consult your financial advisor before your execution of any recommended trade.
Set-up presented here is for observational purpose only and most of the set-up designed by WavoZen is based on passive analysis (PA) or static analysis for intraday purpose only to get the basic structure for intra-day short term or ultra-short term purpose only. Most of the set-up is valid for a day or otherwise mentioned. Hence requires your fine tuned personalized intraday techniques and strategies (PITS) based on real-time Active Analysis (AA) to get benefit from these structures or to have minimum loss, if wrong through your PIT Strategies (your trade plan). Overnight events, news, major economic data release etc may impact the deviation from the assumed scenarios. If entry conditions and criteria are not meet, then we should not take any chance to enter on assumed scenarios. (ENT= Entry not triggered). Daily post appears on stocktwits.WavoZen.
SUNPHARMA trade ideas
SUNPHARMA WAVE ANALYSIS (NIFTY)SUNPHARMA has been forming a triangle and at present it is in the last or the 5th leg of the triangle. Even in the 5th leg of the triangle it formed a triangle of a shorter degree which has just now completed, now if price breaks the orange trendline just below price we can get get a very good shorting setup with good momentum but if price breaks the blue trendline to the right and continue to move upward then chart will unfold into a complex correction. For more updates stay tuned.