GODREJ AGRO LONG COUNTER TREND AGGRESSIVE TRADE
GODREJ AGROVET HAS FORMED DROP BASE RALL SETUP TO GO LONG , BUT IT IS AGAINST THE DOWNTREND. HENCE, STRICTLY TYPE 3 ENTRY. THAT MEANS WAIT FOR BOUNCE FROM THE ZONE TO GO LONG. IF NOT IT MEANS TRADE IS TO BE IGNORED IF IT DOES NOT BOUNCE FROM THE ZONE.
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trade not initiated because , there is no bounce from the zone . type 3 entry is not initiated.
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type 3 entry not triggered.
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Type 3 entry means , we need to wait for price to enter the demand zone and look for bounce. If price bounces and leaves the demand zone, that's the time we have to take entry. Suppose, if the price is not bouncing from the green Zone, we have to avoid this trade.