Kinnari_Prajapati
Education

Tail and look at different things than the long term traders

NSE:JUBLFOOD   JUBILANT FOODWORKS
  • There're 4 tails at the value high and, 2 tails are detected at value low for a major channel.
  • When the price is higher above the value high, We found the tail as price reject and reversal.

For instance, you can observe the trend is up before the tail(1) created. U-Turn has been seen after the tail formed. The same thing happened for the tail (1) to (4) in the chart. Vice-versa, Trend is turned up after creating a tail at value low.

Conclusion: Find some stocks which usually create TAILS and observe it. And You can also comment or PM me if you find the stocks. I will lead for trade setup on it.
I AM AGREED WITH KINNARI MADAM BIG SHARP CREATE THEIR POSITION AFTER EATING SL OF RETAIL TRADER . AS MADAM OBSERVED TREND BECOME VICE -VERSA TO MORE EXTAND IT IS RIGHT
+1 Reply
@MayankKumar, yes you are right.
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THIS TYPES OF CANDLE TAILS COMES ONLY FOR STOPLOSS HIT . THAT IS THE PURPOSE OF THIS TYPES OF WICK AND TAILS IN CHARTS
+1 Reply
I have one doubt in last tail and it's not touch anything and it's middle then how u consider that dude
+2 Reply
Kinnari_Prajapati villagetraderbro
@villagetraderbro, you might be talking tail(2) at the value low. You can note the volume rising above the average volume when tail creating but in this case, you can see inverse that tail and volume not increase. so it was not much reliable.
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villagetraderbro Kinnari_Prajapati
@Kinnari_Prajapati, no bro I am taking about last tail That one with red box pls explain that dude
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Awesome explanation !!
+1 Reply
@rajsoneji, Thank you for being the first LIKE of my post idea.
+1 Reply
royal_king rajsoneji
@rajsoneji, here comes kinnari's tail. all is well
+1 Reply
@royal_king, seriously dude I don't know kinnari means pls explain
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