Good reversal from sevaral clusters of fib extensions, also giving trendline breakout. This gives low probability, risky buying opportunity in BEL. 262 level will be stoploss for this trade. A minimum target of 312.15 can be achieved. Thought it looks like a small target, subsequent targets will be open gradually as the trade moves into our favour. For safe entry...
Flat correction minimum target (61.8%) is achieved in SBIN. An aggressive entry for buying is triggered. This is low probability high Risk to Reward trade. If you are conservative trader, wait for more confirmation before buying. This analysis is for educational purpose only.
It looks like Flat correction is being finished in PFC. Risky traders may buy PFC @ current market price. Safe traders may wait for confirmation with our special MAGIC Box strategy. For educational purpose only.