3/3/2015, TUESDAY

Tough day to find any reliable signals. Channel, which started at 12.00 Noon yesterday still moves on. Channel height is around 30 points with BRN and PDH inside. As the channel was sloping upwards, bias was bullish. 

Was not comfortable buying @ BPB of PDH and BRN, as the trade is directed into channel top and high Resistance zone.

Was looking for an opportunity to buy near the confluence of established RL/Channel bottom. Didn’t get such a signal.

So, no trades for the day. 

Disclaimer: I am not a Research Analyst, registered with SEBI. I maintain this blog only for my own learning purpose and recording my thoughts on intraday activity of Market. I do not give any kind of trading advice to anyone. My methods will result in severe losses. Hence please do not follow me.