Even in a narrow range when price don't find the direction to move if u can mark the key levels of reversal you can go long or short. I took scalping trades in SBIN based on this setup
While taking a trade you must have confluence in your mind that what is the reason that you are going to take the trade! Even if you proven wrong analyze that what was wrong where it could have been better,
I have drawn the trendline when it was broken I went short Black rectangle was the target area! Today when price came and touched the trendline it reversed and I did a nice bit of scalping. May be I can get an entry somewhere again later Its just because I use THE PRICE ACTION
accumulate in between 600-800 for next 2-3 month!! Wait for closing above 837 on monthly basis!! target:1200-1300
Eicher motor is standing at a resistance on weekly charts
Simple Chart with strong implications - - Resistance - Bearish Engulfing Pattern - Volume Confirmation - RSI oversold
SRF IS NEAR SUPPORT WITH RELATIVE STRENGH WEAKENING BUT IT HAD HAPPEN IN PAST INSTANCES NSE:SRF FROM WHERE BUYING EMERGES AND STOCK HIT FRESH LIFE HIGHS ATLEAST 20% UPSIDE FROM CURRENT LEVELS
it may again touch 118 .... but it breaks 108 lvl .... then may go down
It has made a Bearish Harmonic Alt Shark near the trend line resistance. It could retrace till 220, view negates above 238