mjain1996

NAM_INDA ( INTRADY FOR 1- JUNE-2021)

Long
NSE:NAM_INDIA   NIPPON L I A M LTD
TODAY CANDLE IS GREEN (31 -may-2021 candle) and its gives breakout from parallel channel and also breakout from resistance . hence it looks more bullish
after that there is a seller zone
i give details in chart how you take entry see it

for 1 june 2021 we go bullish in this stock

but when prick is in seller zone
there is a chance for false breakout so donot take judgement fast
when candle body closes 386.4 price then see next green candle also with volume
if its good then take entry

all target are given in chart

disclamer :
for education purpose only

Trade closed manually: BUY SIDE TRADE
NOT EXECUTED

Comments

How you know that's a seller zone
Reply
mjain1996 ssibasankar0
@ssibasankar0,
see 21 nov 2019 to 25 nov 2019
market is goving down

so there is a chance again ,that it repeat same
by seeing the graph
many people think to sell at this price level
so for safe side
i suggest to buy above 386.4
Reply
mjain1996 ssibasankar0
@ssibasankar0,

See the power of selling zone
when price enters in selling zone of 1st 5m candle its srart falling
and from 370 to 364
6 point down
means 2%
Reply
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