Buy Entry for Bombay Dyeing
Updated
As per the SMC concept, the market needs more liquidity to break the Previous HIgh. Liquidity means the price should break the previous low,
In simple words, the market needs inducement to fuel the volume. In this chart, the price breaks the previous low and also sweeps liquidity. Now the market has a huge possibility to change its direction.
Now take buy entry.
SL: Below liquidy sweep candle low.
In case the market hit your SL. Don't panic Place your order on Extreme Demand Zone or OrderBlock.
Note: Don't invest blindly, check it meets your criteria and then take Decision.
In simple words, the market needs inducement to fuel the volume. In this chart, the price breaks the previous low and also sweeps liquidity. Now the market has a huge possibility to change its direction.
Now take buy entry.
SL: Below liquidy sweep candle low.
In case the market hit your SL. Don't panic Place your order on Extreme Demand Zone or OrderBlock.
Note: Don't invest blindly, check it meets your criteria and then take Decision.
Note
It reached our first target. So square off 50 % of your investment and Book initial profit.Note
It successfully reached both our targets. HurrahTrade closed: target reached
Square off your positions. Because it reached our extreme targets, we will buy after pullback.
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