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 instance, if down-breakout, price fall with raising volume will favor of...
NIFTY has been in trading sideways for many weeks now (since dec ) many small patterns on hourly and day chart formed in between which gave hope that correction will end ----however the consolidation continued frustrating many----NIFTY is now ready for an impulse -----the breakout or breakdown levels are marked by blue lines in the analysis ----aggressive...
NSE:JUSTDIAL ON CHART TO BE NEAR IN RESISTANCE ZONE, AND SEEM THAT TIME TIME IT WILL MAKE AT IN THIS GLOBAL WORRIES.
FOR ME JUSTDIAL IS GOOD TO BU ABOVE THE RANGE OF 515-520 CLOSING WITH HOLDING SUPPORT AT 458 AND TGT EXPECTED IT TO MOVE TOWARDS 550-580 LEVELS SOON.
DON'T BE IN RUSH TO BUY SEE THE HOLING IN CHART AND THEN GO FOR IT , :-) THATS WHAT I...