shiv2798
Long

Possible buy set up for further move up

NSE:HEXAWARE   HEXAWARE TECH
138 views
7
138 6
I am looking possible buy set up on pull back , since on daily the stock has broken the trend line and shown the further bullish moment , this set would be valid
if stock moves without pullback expect the move will be short lived ,
Regards
Jul 27
Trade active: Look out for bullish candle before buying
Regards
Jul 27
Comment: if there is not bullish sentiment then i will wait for it
Regards
Jul 27
Comment: ha ha exactly picked me up , from 251 on board
Jul 27
Trade active
Jul 27
Trade closed: target reached: Closed my trade form 251 to 259
Made my day
Regards
Jul 28
Comment: Chickens are flying , every ware
Could you please tell me how you made the support line here?
Reply
shiv2798 angelrishi
@angelrishi, there are no support or resistance , its all depends on how much the price will pull back once the excitation take place in price action , some time the pull back will be equal or around near to Feb levels , some time they are not , the post basically explains the possible set up , in order to maintain possible bullish momentum the institutional will pull back certain level before take off , and it is always confirmed by candlestick pattern about the bullish momentum
Regards
Reply
angelrishi shiv2798
@shiv2798, Thanks so much. I assume that in order to learn this, I need to focus on "price action" in trading. Right?
Thanks again.
Reply
shiv2798 angelrishi
@angelrishi, Not only the Price action , You need to understand what is impulsive moves and what is corrective moves , after every impulsive move there will be correction , simple rule is the correction should not brake or come below the impulsive move , if it brakes it then its not impulsive move and you can look for further correction ,
Regards
Reply
angelrishi shiv2798
@shiv2798, Thanks so much Shiv. I understand what you are saying.
Reply
Runaway gap making it to surge upwards or exhaustion gap resulting in pullback to fill the gap :)
Let us see where it goes..
Reply
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