Market open at 53 point high after create a red candle in 15 min. First 45 min price consolidate near resistance. after that a big red candle and a good down move we can see till 14:15.
Why breakdown why not breakout ?
After Taking trade when you have to book profit?
You can see a trend line . when ever price touch or near about trendline you can book your position.
How can I take position when up move come ?
See after a downfall when price increase and cross the trendline (Orange color).After that you can a long position till resistance (48178). That's all.
Remember one things we have to follow our risk management and believe in price nothing else.
Why breakdown why not breakout ?
- If we can see from 4th January's 12 pm see green candle's volume is decreasing but price is increasing.
- Here Red candle's volume is increasing.
- MACD indicate bearish divergency in 15 min.
- If we can see OI data Here we can see CE writing is increasing and PE writer exiting there position.
- If we can see future chart here clearly indicate squire off future position also after 10.42. (Getting More Confirmation).
After Taking trade when you have to book profit?
You can see a trend line . when ever price touch or near about trendline you can book your position.
How can I take position when up move come ?
See after a downfall when price increase and cross the trendline (Orange color).After that you can a long position till resistance (48178). That's all.
Remember one things we have to follow our risk management and believe in price nothing else.
Ask me anything I am happy to help you.
To motivate us, Please like the idea If you agree with the analysis.
Thanks & regards,
Kaustav Hazra
To motivate us, Please like the idea If you agree with the analysis.
Thanks & regards,
Kaustav Hazra