TORRENT POWER LTDEducation
TORRENTPOWER for Swing Trading
Updated
TORRENTPOWER can be bought for swing trading.
Price crossed above EMA 50 which shows the trend is up.
Also after giving breakout of EMA 50 it is in pullback mode and it has formed inside bar and also it is bullish pin bar .
MACD also confirms an up trend and facing up and also moving towards zero line.
Risk Reward 1:2.
Price crossed above EMA 50 which shows the trend is up.
Also after giving breakout of EMA 50 it is in pullback mode and it has formed inside bar and also it is bullish pin bar .
MACD also confirms an up trend and facing up and also moving towards zero line.
Risk Reward 1:2.
Trade active
Entry order triggered.After triggering entry order it remained in the range of mother bar.
Let's see what it does on Monday.
Note
Price did not broke out of Mother bar range. It is still holding EMA 50.So, Trade is still active.
Trade active
Trade is still active, it is hovering around entry point.Trade active
Price is facing rejection at entry point, still holding the trade.Trade closed: stop reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.