Reliance was in range so i created a channel and reliance followed that channel for long time. When the first green candle broke-out it was the to enter and grab easy 1-2 %. a simple price action strategy and breakout strategy will be enough for you to make money.
ICICI BANK have been made double bottom and give breakout trendline resistance. so buy@350-351 with bottom stop loss@337 tgt@375-410
NSE:INDUSINDBK
SRTRANSFIN Descending Triangle
How to trade Cup and Handle pattern? The Cup and the handle pattern is basically the retracement from the prior top to about 1/3rd of the vertical height of the cup. Cup and Handle pattern can be seen both as a bullish continuation or reversal pattern. Cup The Cup is usually “U” shaped and may be considered as a rounding bottom with almost equal highs...
Indusind is making higher high in 1hr chart Try to go long at support trend line
INDUSIND tried to break 480 levels, as long as it sustains above the support trend line, it will try to retest the resistance levels. if it is able to close above 480 levlels. it can rally upto 600 levels.
TORNTPHARM #Chart Analysis for education purpose.
What would be trading without an edge? Would it be like tossing a coin with 50% chances of getting a head or a tail. I dun think so. I think it would be around 25%, that too if you dun mess with your trades. So what is an edge? In broader sense, the edge is your trading plan which includes predefined entries and exits. In narrower sense, it is technical analysis...
BPCL IS MOVING IN BETWEEN TWO PARALLEL LINES, BUT LAST MOVE O BPCL IN 15 MIN TIME FRAME IS DIFFERENT, IT IS NOT RESPECTING LOWER BOUNDARY OF HE CHANNEL, THERE IS HIGH PROBABILITY TO TAKE A BREAKOUT, SO BE READY TO BOOK YOUR PROFIT WITH POTENTIAL BREAKOUT OR REVERSAL .
Keep your stop loss Outside of a penetration area. The trade will execute after breaking up/down will give you the direction of trade. Following points should be observed before entering to trade. 1) Volume should increase from the normal range of it. 2) The volume with the price. For insta nce , if down-breakout, price fall with raising volume will...
We can see resistance being broken, is it a good time to go long or short. The next day movement will tell all about it
stock is at an breakout level on a weekly chart one can long for the target of 265