NeeteshJain
Long

Bank Baroda - Ending Diagonal + RSI Divergence

BSE:BANKBARODA   BANK OF BARODA
It is been observed on the daily chart that the price action breaks above the Ending Diagonal and also formed a RSI divergence indicating a change in price action from a down to upward trend. It shall further move up from current levels.

T1-142
T2-145
SL136
Trade active
Trade active
Trade closed manually: Currently, Markets consolidating, no direction confirmed yet. it is wise to close longs until further direction confirmed.
Comment: Taking support at 137

Comment: Now, if tomorrow the price action breaks below 136 levels then the trade setup can easily be reversed to form a new trade setup with downward stance for targets 130-132 levels in order to cover previous position and gain at the end. Thanks
Comment: The trade might have closed earlier due to high volatility and uncertainty in the market but the pattern proved to be correct as it did come back strongly and reached to the given targets. . Now, it shall further move up to 144-45 levels. Thanks
Comment: Reached 144-145 levels.
Neetesh Ending Diagonal are not formed with this kind of price action , what you are failing to notice is the spread in the price action , its very less and again you are indicating a weak Green candle as tentative brake out , which is less in price range , You need to understand the strong brake out will occur more than 2 % of price spread form open to close which is not happened here
i advise you to take course offered by Trading view as free course where the basic price action is being explained by most talented masters in stock market
its on education list , please visit and get enrolled
Regards
Reply
@shiv2798, When I saw price action breaking above the diagonal then I instantly shared the idea with everyone to make it worth while with minimum risk. Yes, it did not ended as expected but provided good opportunity to create trade setup with minimum risk and high reward. Now, if it fails tomorrow then we could easily reverse the trade setup and create a new trade setup with downward stance for targets 130-132 levels in order to cover previous position and gain at the end.

I believe if someone may not be good with identifying breakouts if it manages position sizing and entry timing well then it can do wonders and change a negative trade into a positive.

I appreciate your sharing on the courses, I shall surely look into it. Thanks, Regards
+2 Reply
shiv2798 NeeteshJain
@NeeteshJain,
Mr Neetesh this is the reason i advised you to take basic technical course , which you might have forgotten over a period of time
the basic course provided by the Trading view is very fantastic and it has every steps by steps rules to take trade
out of which i would like to refer you as when day candle is selected for trade then you must give a time to close it , your post was before the day candle closing which resulted a difference of opinion in your analysis and actual results
and very much fact about basic technical trading is you must allow the candle to close to take the trade ,
I appreciate your message , please consider to take basic trading in near features
All the best
Regards
+1 Reply
Raj10 shiv2798
@shiv2798, i accept the technical view point of urs regarding the above analysis ...but offended by the advise to take up a free course has mr neetesh jain does have a proper basic knowledge .which indeed proved by many of his analysis over the time ...
Reply
@Raj10, i dont deny it about his previous charts or technical information provided in this social media , in fact i want him to perform more than what he is doing , people can think the way they can think about each and every words , its not important how others think , its most important how others can learn in improving them self by adding more knowledge, repeatedly , to achieve successful trading or business or life in the features
Your comment was very cheerful in reading because i love people who have ability to pin point un-thought information
Please be my friend and lets have this friendship in to new era of learning together ,
Regards
+1 Reply
Raj10 shiv2798
@shiv2798,with all due respect the feeling is mutual sir , learning and improving ourselves doesnt have a end ,together we can share knowledge and become better and thats one thing i love about TRADINGVIEW AUTHORS ..
+3 Reply
@shiv2798, targets reached... now what? More mud slinging???
Reply
shiv2798 jayadeepreddy
@jayadeepreddy, You please do it
Reply
@shiv2798, ha ha ha classic burnol moment...Dude point is have some respect towards people(especially towards people who have achieved something) when Your on a public platform...You have PM to send feedback
Reply
shiv2798 jayadeepreddy
@jayadeepreddy, You can call it as you liked it , i would still call it as lack of education , if you are that sure then go through the 100 Charts of Mr Neetesh and 100 Charts of My presentation , have a logical calculation of risk to reward , total gain in one trade , and no of stops revised , and then you comment on seeing the results ,
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