Piyush-Gupta
Short

BANDHANBNK, Weak stock & good probable for Shorting

NSE:BANDHANBNK   BANDHAN BANK LTD
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93
BANDHANBNK has given breakout today from multi weak pattern and is looking good candidate for shorting below 209.
If market turns out weak tomorrow then it will one of the high probable trade.

Price action is very simple to understand and main focus is price/patterns. Keep your chart clean and free from indicators, follow same process daily to get good results.
If you wish to learn simple price action trading process (strategy seekers kindly excuse), kindly reach out.
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Comments

But if nifty is bullish and it retraces upward from trend line can be go long in this
+4 Reply
Piyush-Gupta vivekprcs
@vivekprcs, I will prefer my bullish stock list for long trades. Trading long in weak stock not advised.
Reply
one doubt sir. Do you use higher time frame support/ resistance(weekly/Daily)? For plotting S/R, what is your way of implementation in general?
+2 Reply
@sriram96, yes, I prefer to use daily and weekly TF to draw SR.
Reply
Super analysis
+1 Reply
worked well !!
+1 Reply
Was nice trade.
+1 Reply
Amazing you could find a breakout pattern in this. I am a beginner and was clueless until saw your analysis. Out of so many stocks, how do you know or how does one can sort stocks for specific patterns for e.g. breakout etc. Please help. Thanks.
+1 Reply
@arunindy, thanks for feedback. Sir we have to do little work in evening in shortlisting best possible stocks and everything is based on price action. Unfortunately there is no shortcut or scanner but with proper knowledge and you can analyze many stocks in short time.
Reply
arunindy Piyush-Gupta
@Piyush-Gupta, Thanks for your reply. Would reach out to you after market/at your convenient time. Wish to learn.
Reply
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