Rcom Trading In An Upward Channel , Now After Few Days Consolidation Given Breakout.. Very Good Time To Enter. Target-Channel Resistance. Stoploss-As per Your Risk Aptite..
Yes some positive although overall volume not so enogh but cci positive atr at low .mfi short term positive .some buying pressure.cp 39 i will buy at 39.5 or above tgt 42.8 sl 37.8 for next trading day
asif06542
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@rajiv1000,
very good, i agree with u.
although the setup is based on pure price action stragety not on any indicator..
thank you..
padiyara
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Good finding,keep it up.
I think the last higher low& channel support 33.75 will be an ideal Stop loss.
Not a convincing breakout bro !
The inverted hammer is excluded from the rectangle which is where the current price is. and the bar length is too short.
Also, the lower channel line just has one point making it not such a great validator of a price reaction line.
asif06542
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@dravya, ok sir, i am learning, will add inverted hammer also in the rectangle, but as of now price is above a range, so we can expect a breakout nd move towards upper channel line..
Thank You Soo Much For Your Feedback.. I will Keep in Mind..
dravya
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@asif06542, let's see the action unfold and then I'll reply more :p