In this chart,
Price is making a particular range and this is the example of range trading strategy.
We can take entry when price breaks the range and PRICE close above or below the Range.
I will make study so Trader can use and take profit from this Strategy.
The Central Pivot Range (CPR) is absolutely, without a doubt, the most powerful part of the Floor Pivots indicator.
It has three lines, Upper line is called "TC", lower line is called "BC" and the Middle line is the "PP-Pivot Point"
Formula to Calculate CPR :
TC = (Pivot - BC) + Pivot
Pivot = (High + Low + Close)!3
BC = (High + Low)/2
At any given time,...
today nifty made an intermediate BC resulted in expanding range trading. Yesterday demand zone was well respected and it bounced from that level. Nifty should continue to move higher.
TCS- Fractal- Probable movement in coming months indicated in charts. Likely to be very volatile(as we are seeing)for some more months.
Range trading likely to give more yield .
NSE:TCS
DISCLAIMER: I am not a Qualified Technical analyst. Please do your own analysis before taking any Investment decisions.
