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.
Trade active
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Entry order triggered. After triggering entry order it remained in the range of mother bar. Let's see what it does on Monday.
Comment
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Price did not broke out of Mother bar range. It is still holding EMA 50. So, Trade is still active.
Trade active
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Trade is still active, it is hovering around entry point.
Trade active
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Price is facing rejection at entry point, still holding the trade.
I follow you on Youtube, just out of curosity i am asking, shouldn't entry be above mother bar?
UnknownUnicorn3109011
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@cmanand123, yes true but I also mentioned that if the inside bar is pin bar then you can consider it and trade it with pin bar concept. As a beginner I would like you to avoid this kind of trades, just observe it. And this analysis is for education purpose only. It will take time to understand whole concept, give more time to charting.