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Piyush-Gupta
May 11, 2020 10:51 AM

NIITTECH, How it moved 34 points 2.5% in 7 mins (Lean & Earn) Long

Description

NIITTECH was given for long at 10:25 AM when it was trading at 1432. NIITTECH was moving very close to important resistance line (pink) & was on my radar. As soon as it closed on 3 minute with strong bullish candle, It was given for long.
In next 7 minutes it moved to 1466 from 1432. Lowe time frame chart to explain logic is below. I captured 22 points and exited from my position based on my risk management.


Keep your charts simple and practice same stuff daily with patience is only key to success in market.
Request your support by likes/comment on idea if this helps.

If you wish to learn my simple chart reading skill, reach out.
Comments
SWING_TRADE_ANALYST
Do you also consider volume before taking a trade??
Piyush-Gupta
@SantoshH27, rarely
Ankur_Trade
This is fantastic, will like to learn
DevaanshuWadawan
Your efforts are highly appreciable. Please suggest how can I learn such analysis ?
Piyush-Gupta
@DevaanshuWadawan, Thank you sir.
You can check price action content on youtube or internet which has both good & bad things. If you have time, you can invest in going from some price action based channels & study charts.
If you need my help, i have small but very effective price action course. You can reach out via whatsapp on 8851589569
Marcshank
It's very nice, how did you know that it will go up
Piyush-Gupta
@Marcshank, Simple price action patterns
Kanhaia
Wow sir.. thanks for these valuable analysis..
Piyush-Gupta
@Kanhaia, thanks sir
mangeshkhade
Thank you sir for the knowledge and advice
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