The momentum and run of Tata Steel was good in the recent days touched good high but somehow the momentum is getting slowed. And RSI is in overbought zone along with Doji Candle at the top seen price rejection previous candle before Doji Can be kept under watchlist
VIEW ON KOTAK MAHINDRA BANK :-THE RANGE IS NARROWING DAY BY DAY :-CONFIRMING POLE FLAG PATTERN :-POLE FLAG PATTERN IS A CONTINUATION PATTERN :-I.E WE EXPECTING A BREAK ON THE UPSIDE :-DIVERGENCE VISIBLE IN THE CHART :-WAIT AND WATCH APPROACH :-TRADE WILL BE TAKEN FOR SHORT-TERM,MOMENTUM AND POSITIONAL AS WELL :-ONCE LEVELS ARE TAKEN I WILL SHARE THE UPDATE
Price bounced from the support zone on the higher timeframe and we can see clear impulse wave with the two HH and HL structure and also there is a trendline break confirmation, Now we need a clear buy signal to enter into the trade. This is the low-risk high-reward trade so look for the bigger target but take the entry on the lower time frame
We have shortlisted some stocks as per the fundamental analysis for the positional trading but we do not enter into any trade with only fundamental. We use our trading strategy to enter into the trade and the strategy based on price action technical analysis. We always wait for our setup to enter into the trade. We take the trade only if the particular stock meets...
Price bounced from support zone with very good momentum and price broke the trendline, Now we need a clear signal to enter the trade.
Momentum shifted from downtrend to uptrend and price also bounced from support zone with trendline break confirmation, Now wait for clear setup.
Always look for low-risk high reward setups, Buyers are trying to control the market, As we can see some buying momentum from support and with trendline break signal, Now wait for a clear signal.
Very simple and repeatable price action structure, Momentum signal with trendline break confirmation, Now wait for a clear signal to enter the trade.
Price bounced from support zone with Momentum and this is the sign of trend change, Now we need a clear signal to enter into the trade.
Price bounced from support area and also break the trendline with momentum, Now wait for the correction to enter the trade, We can see the target area around 306.
Same pattern, Same analysis. Price brokle the trendline now wait for pullback to enter in the market
Price broke the trendline and we have got a clear pullback, So we can take a trade as per money management rules.
Price is making HH, HL after a very good downtrend. We can see a clear uptrend structure from the bottom and also price broke the trendline with the momentum, Its a sign of uptrend continuation, Now we need a clear signal to enter in the trade.
Trendline break with the momentum and also we can see price break and trade below the support zone, Now we need a clear pullback to enter.
Price bounced from the support zone and also break the trendline with the momentum, Now we need a clear pullback to enter into the buy trade.
Price break the trendline with the momentum, Now we need to wait for the pullback to the 38ema and then we look for our setup, Always wait for the setup.
Wait for clear 1-2-3 pattern and take the sell trade on momentum confirmation.
Trendline break with momentum and price is going up in the formation of HH HL, Now we need a clear pullback to enter.