After a huge up-move which started on 07th May 2012 from the lows of 110.35, culminated at the highs of 142.70, a huge gain of about 30% in less than 44 session. From the highs it has corrected approx 50% Fibo level at 126.90 and taken a U-Turn.
Coming back to Profile, it has closed above Monthly VAL at 133.10 and could target higer levels at POC and VAH in the coming days.
The Monthly Value Areas are; VAH - 142.45, POC - 137.80, VAL at 133.10
Based on the above information a swing long can be tried at CMP of 134.55, with Stoploss at 133 (on closing basis) for Targets of 137.80, 142.45
Coming back to Profile, it has closed above Monthly VAL at 133.10 and could target higer levels at POC and VAH in the coming days.
The Monthly Value Areas are; VAH - 142.45, POC - 137.80, VAL at 133.10
Based on the above information a swing long can be tried at CMP of 134.55, with Stoploss at 133 (on closing basis) for Targets of 137.80, 142.45
hello sir.
ReplyDeletecan please tell me how to trade vah,poc,val?
and what these numbers?
how to calculate it?(if its not a secret)