As a breakout & retest is complete, it gives the best scenerio for entry with compliance to the rules of money management as RR ratio and position sizing are considered as major components while entring a trade for a trader.
In this case, a low has been established at 665 which will act as a point for SL placement in the near future.
Types of traders entering...
Types of Resistance: -
There are 3 major types of Resistance
1. Trendline Resistance
2. Dynamic Resistance
3. Structure Resistance
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NSE:CANFINHOME
Monring star pattern formation on Canfin Homes
What is #MorningStar Pattern?
The pattern is made up of three candles: normally a long bearish candle, followed by a short bullish or bearish doji or a small body candlestick, which is then followed by a long bullish candle.
If Bulls take control over the market, consider mentioned targets.
For intraday
target 1 - 1180
target 2- 1385/1387
Stock is at a good risk to reward ratio if it breaks 1400 and continues the momentum
17600 level is resistance for Nifty50 and it may push down from level then go up for further move. Keep on eye on the level. 17600 level also 61.80% from top to bottom.
NIFTYIT/NIFTY relative strength chart has broken out of its bull flag on the daily chart. Going by this, we are likely to see IT stocks continue to outshine in the near future.
Good Morning Traders
Nothing To something To everything
🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻
Have a look at above image to understand that we should focus on those things which we control & thus it makes sense for you guys to take perfect decisions while taking up the trade
FOLLOW, LIKE , COMMENT & SUPPORT
Buy above 550/ below 510 with 490 SL on a closing basis. As price is trading in a narrow range. Let it decide direction by itself. No trade in a range.
see my last idea where i gave buy call above resistance after that stock move really good
a strong resistance zone and head and shoulder pattern breakout
head and shoulder pattern usually work 70%+ times so with good risk to reward ratio we can trade in lower timeframe like 3min to higher timeframe weekly
Bank Nifty clearly making HL from top trendline and LH from bottom trendline. It is clearly down trend in 15mn. timeframe. Look at time and their candle stick pattern.
