here 200Ema is above the price so we will initiate buying position. Trend of the stock is up.
Price Action and Breakout strategy :
we can draw a to catch up Buying and selling pressure In particular range.
Price is acting as strong Resistance . price has Made high selling Points and given Excess or Reversal point ,
these fake breakout was actually Buying Opportunity.
price Got Throw out by sellers,
after it price has taken support by breaking previous resistance
Price had made a Move ( ) which I shown bellow :
price has taken two test at resistance and 2 test at support but with 3rd support price had broken resistance line.
now check the current price we are getting same move !
If price breaks resistance we can get one more !
as per Breakout Strategy we can initiate out buying position after breakout
Ichi Moku analysis :
price is above the cloud. we got cross over above the cloud so we will liable as strong buying signal.
chikou Line :
Chikou is above the cloud
Chikou is above the Tankan Sen
Chikou is free and above the price,
these all are giving view
Tenkan sen is above the kijun with strong cross over .
after cross over price has started impulsive move with Trend.
price has taken 2 support and 2 resistance.
now price is facing 3rd resistance.
If we have to enter in trend so we must wait for support Breaking opportunity.
is giving buying signal !
price had made high at 1465
most people has taken profit of 65 points.
if price will Break 1465 then we can get big bullish move !
or sell-side opportunity will take place.