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IdeaVodafone has gone through two phases of Price Action, Accumulation, Advance phase over. It is in distribution phase. Traders slowly offloading their holdings. It is at crucial support, be careful to enter with Strict SL or avoid. Decline will be unstoppable! (Take this as educational only)
This is simple price action trade idea given to our clients today on bata india stock. This stock is in our watch list & keeping any eye on the movement since yesterday on breaking the trend line entry has been taken in the trade. In this trade Risk to Reward ration is 1.80 which is very good .Also the target hit within few hours profit booked & out of the...
Bank NIFTY: Detailed Data and Price Action Trading Plan
Note: It will fill the gap zone: 30750-30850 for sure buy when is a ?
Plan A: If it will not sustain above 31500, I will prefer to go short.
Plan B: It will sustain above 31500. I will prefer to avoid one side trade. I will take a position in option writing
because in this case, it will trade in the sideways zone.
NIFTY: Detailed Data and Price Action Trading Plan
Plan A: If it will not sustain above 11940, I will prefer to go short.
Plan B: It will sustain above 11940. I will prefer to avoid one side trade. I will take a position in option writing
because in this case, it will be sideways in 11900-12000 zone.
I always wait for this kind of price action formation because its very simple and also very common pattern in the formation of HH HL, There is a Trendline acting as a support, Now I need a break of counter trendline to take a trade.
Part 2: What is my goal as trader?
I revisited my research question, why this market eludes me, what is this market…………. And it was then my ignorance again came to limelight; all through this years I was trying to capture this market. But this invisible market is actual made of traders like me. The invisible force that drives, that gives momentum, is made up...
Price actions of tomorrow would be really interesting guys. Stock is on the verge of completing a correction or it might have been completed. Let us see.
For the purpose of explaining the combined use of these indicators,
I have taken the example of TCS - TATA CONSULTANCY SERVICES, which recently gave a clear breakout.
Know your Lines! - By joining the recent highs and recent lows of a share price, we can identify if the share has a well tested Support & Resistance or not. I prefer those with a clear defined...
Conditions of a Perfect Shooting Star:
. Body is short.
. The height of the candlestick (the difference between high and low price) is tall enough and it's more than the Daily ATR(264). The taller the Candlestick is, the stronger the Shooting Star .
. The upper shadow (also known as upper wick or tail is the distance between the high price and the close or...
"Parabolic arc" is a reversal pattern and has a very predictable outcome. Although they are
predictable, they are relatively difficult to trade since the market sentiment is bullish and may
be relatively tough to point reversals to trade. Most "Parabolic arc" patterns have a significant
correction of 62% from the top.
Trade: After a parabolic base, prices move up...
Price action is all about supply and demand and identifying them to take advantage of the trend. I have given an explanation on how to identify demand and supply zone . If you have any query, comment below and I will try to solve it.
Grateful for everyone!
