We will talk about ranges, Premium & Discount levels and trading them. I'm going to explain the basics of Supply & Demand simply. This is Part 1 of a 2-part series. We’re going to cover the concept of buying high & selling low, ranges, Premium & Discount zones and taking entries & exits based on what we learned. Buying high & selling low Before we get into the...
Horizontal price movement is seen when the powers of demand and supply are roughly equal, thus forming a "sideways trend". This usually occurs during a period of consolidation before the price continues a prior trend or reverses into a new trend. A sideways trend is also sometimes referred to as a "horizontal...
Nice Example of Range Break in Bank Nifty, below is my prediction for today. BUY -Target 30150 if market sustain above 29800 SELL- Target1 29490 if market sustain below 29775 Target2 29008 if. market will slip below 29450 N.B:- check with your financial advisor before Trading or Investing. it is totally tutorial purpose.
GTPL Bullish above 118 Because range is being formed of 110.80 to 117.85 Sl 110 can be safe play for targets above all pink line resistances 125, 133, 140
Normally we see that after a spike or impulsive move the price gyrates in a trading range. This is the zone where most of traders lose money coz there is no clear direction to play. We can observe this situation in all time frames. In order to play ranges we have to be patient and wait for price to break down the range. See 'A' in the left figure, this is the...
Hello Traders, All of us want the price action to follow our direction of trade but that doesn't happen always. The price action has a natural tendency to move up and down; build ranges and develop patterns. Most of the ranges and patterns are like whipsaws and many traders stuck in these situations and lose money. The most effective ways to deal with such a...