Indian Stock Bhartiartl has a 6 timeframe Buy opportunity

  • Home
  • /
  • Blog
  • /
  • Indian Stock Bhartiartl has a 6 timeframe Buy opportunity

Indian Stock Bhartiartl has a 6 timeframe Buy opportunity.    For over 1 month now, Bhartiartl has been coming up for in our multiple time frame opportunities.   Here is a snapshot of the email summaries for over 1 month:

The opportunities have been varying from 4x to 7x for over 1 month now.   Unfortunately, it has not broken out in order for the bullish trend to start.     May 17, there it had a very good probability because it was a 7 time frame buy.   Here is a email alert:

On the email alert, besides the instrument name, we give a numerical representation of the strategy.  A strategy #4 indicates a possibility of a new trend or a trend continuation.   A strategy #2 indicates a counter trend, consolidation, or major pull back.    In order to have a higher probability of a breakout, you need as many #4 in the email alerts, especially at the 60m,120m,240m, the middle layers.

For this email alert, you had the 30 and 60m still a #2.    Apparently, that was not sufficient enough to cause the breakout.     After that time, we have been looking for the 30,60,120,240, and D to have a #4 or increase in the number of #4 to see when it possible can breakout.   If it disappears from the email alerts then we know the trade reversed into a consolidation pattern or bearish trend.

Today, here is the current email alert:

Here, we have the same number of #4 but now the 30/60m are involved.     This will increase the probabilities for a breakout trade.  Here is the breakout setup.

 

For educational purposes only. Commodity Futures Trading Commission, Forex, Futures, Equity and Options Trading has large potential rewards, but also has large potential risk and may not be suitable for everyone. View our full risk disclosure: https://www.ichimokutrade.com/c/disclaimer/