#COFORGE-5990
Still #Fibonacci extension
4.236%(6344) & 4.618%(6850) likely to be tested in near term.
Near term base case (5526)
#Probability
More from Waves_Perception(Dinesh Patel) मैंSchedule Tribes)
More from Coforge
Double Top Buy above 3426.76 daily close on 1% box size chart. https://t.co/geOoLAc5XU
COFORGE
— Saket Reddy (@saketreddy) May 6, 2021
Triple Top Buy above 3196.21 daily close on 1% Box size chart & Double Top Buy above 3195.68 daily close on 3% Box size chart. https://t.co/RI62IqiBoL pic.twitter.com/jvTNSR7W7P
Double Top Buy, T20 Pattern - Bullish & Super Pattern - Bullish above 5281.96 daily close on 3% Box size chart. https://t.co/Iib4z27kHh
COFORGE
— Saket Reddy (@saketreddy) May 11, 2021
Double Top Buy above 3426.76 daily close on 1% box size chart. https://t.co/geOoLAc5XU pic.twitter.com/jxuoAVefqi
You May Also Like
Covering one of the most unique set ups: Extended moves & Reversal plays
Time for a 🧵 to learn the above from @iManasArora
What qualifies for an extended move?
30-40% move in just 5-6 days is one example of extended move
How Manas used this info to book
The stock exploded & went up as much as 63% from my price.
— Manas Arora (@iManasArora) June 22, 2020
Closed my position entirely today!#BroTip pic.twitter.com/CRbQh3kvMM
Post that the plight of the
What an extended (away from averages) move looks like!!
— Manas Arora (@iManasArora) June 24, 2020
If you don't learn to sell into strength, be ready to give away the majority of your gains.#GLENMARK pic.twitter.com/5DsRTUaGO2
Example 2: Booking profits when the stock is extended from 10WMA
10WMA =
#HIKAL
— Manas Arora (@iManasArora) July 2, 2021
Closed remaining at 560
Reason: It is 40+% from 10wma. Super extended
Total revenue: 11R * 0.25 (size) = 2.75% on portfolio
Trade closed pic.twitter.com/YDDvhz8swT
Another hack to identify extended move in a stock:
Too many green days!
Read
When you see 15 green weeks in a row, that's the end of the move. *Extended*
— Manas Arora (@iManasArora) August 26, 2019
Simple price action analysis.#Seamecltd https://t.co/gR9xzgeb9K