Buy if it comes out of this range . A big green candle is the sign for A go go :) Remember : Buy only on Days closing time near 3:25 ... Also don't risk all the capital . the % of the candle should be your SL and take position likewise
Hi just to pick your brain, why at day close? And for how long to hold?
I am not buying on your advice. Just tryin to understand experienced charters. Thanks
Averoy_Apoorv_Analysis
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@nkorepal, sure bro never buy on my advice, do your analysis, that's the best thing, and yes, day close because big institutional players close the markets, so if say it gave a breakout on 1hr or 4hr trendline here and buy the share and near the end of the day the big players make that breakout a fakeout by taking the price slowley down back to the range where it was initially = no breakout on day would be visible rather a big wick would be seen which might even be the trigger for sellers to sell a bit next day . :) that's multi time frame analysis . what one can do ? he she can buy a little qty on hourly or whatsoever BO they like then if it comes back u lose less if it closes on D chart too on your redefined D breakout lvls than hold it . TGTs u can make a small fibo from top to bottom and can take the 1st extended fibo . thank you for asking . be safe and happy trading :)
I am not buying on your advice. Just tryin to understand experienced charters. Thanks