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.
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