OK let's get started , A Day Trading (Intraday) Consolidation Breakout Indication Strategy that explains time condition for Indian Markets . The commission is also included in the strategy . The basic idea is , 1) Price crosses above upper band , indicated by a color change (green) is the Long condition 2) Price crosses below lower band , indicated by a...
Basing : Its accumulation phase where smart money comes in, it acts as a base. Here price may follow the previous trend or shows reversal Always take partial position, don't get trap by infusing entire position. Volume activity remains low and you may see some heavy buying at support. Psychology : participants are not ready to participate actively, it lacks...
This is hourly timeframe. This is how I analyze the consolidation only technically. From fibo. recent top to bottom, Nifty is taking resistance 0.38 fibonacci level. Let's pointout the short trend and understand each. 1] Nifty started consolidating 6th May 2022. It started falling, gone sideways for sometime and gave bounce back. 2] And it tested the 16400...
Simple strategy to determine whether a market is in trend or not. Breakout implies trending of market. Consolidation shows market is range bound. Scaling in 4 times the time frame will show the activity in details and Entry into the market can be done in smaller time frame. This strategy is suitable for both Range traders as well as trend traders. Possible...
Consolidation for long time, better it is. You just need to wait for breakout.
- Stock to give a bull run - Stop loss should be tight around 135 range because once the stocks goes below 135 range it has a high probability to go till the demand zone 110. - If the stock touches the demand zone at 110 can re-enter there. - Can anticipate a 12% move till 155 range
Presenting a small guide on how to trade breakouts from trading ranges. This trade has already happened, but similar ones can give wonderful profits! Comment, like and share...
Last time i posted this stock on 13th of October and since then it kept me waiting for the right time. I clearly mentioned it needs to halt before breaking out and that is what it did. Previous Posted Chart for the reference :- Waited for almost 20 days and then gave returns of 10% in a day. This is what is important in trading Waiting for the right time....
This chart reflects various aspects of technical analysis. Let's understand them 1. Price action perfectly shaping up for a move (Pink line reflecting behavior of price). 2. Price taking support at previous breakout levels(Resistance acting as support for the stock). 3. Price making a flag pattern too. (Draw a trendline below the already drawn one.) A trend...
1. Weekly demand and supply zones are identified with the black horizontal lines 2. only act on the breakout confirmation - till then you can trade intra-day strategies. I suggest you to use 60 min or a 30 min timeline! 3. Weekly gap at a previous support now acting as a resistance shown by the yellow zone and black dotted line respectively Trade with caution as...
It is continue to consolidate in the range of 840-940. breakout at 940 can rally upto 1000-1020 which is at 200 DMA.
Security is trading between 116 and 120. Upper limit is 122. Bulls will be active above 122 if sustained for 15 mins. Bias - Bullish ⏫ Note - Please wait till the levels are active. View negated if stock is below 116 on closing basis. This is an educational idea which would be updated on further price action observations. In no ways it is a buy/sell recommendation.
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...