Get started

SUNTV

A study on Divergence !Price action always gives up to date information. The interpretation of price is an art and not an easy task. Adding a method to support one’s strategy, and an analysis which has more predictive value, could be very useful. A proper divergence is only present when the histograms indicating momentum have retraced back to the zero line. Two subsequent lows or highs where the histograms have not returned to the zero line are not proper divergences. These are sometimes called bad divergences. Often enough if a trader would zoom in 1-time frame a proper divergence would become noticeable there.
NSE:SUNTVEducation
by MAYA_MUMBAI
32
Why selling SUNTV @ 612 was a better idea ?This is based on the book by Laurentiu - Price action breakdown As you can see from the daily chart of SunTv , it is in Downtrend with Regular Lower high & Lower Low seen in the chart So as long as the dow theory is intact , we are looking for the places to sell An Ideal place to sell will be when you see a confluence The value area high and the tail at the same price level is a confluence of factors. It gives this price level additional strength It gives you two reasons to sell the rejection of it. The first one is that price has touched the value area high and there is a good possibility it will reverse to the control at least. The second one is that the price level also coincides with the tail that happened earlier which gives it additional resistance. The sellers will have one extra reason to position their selling orders there, right at the value area high, increasing supply and increasing your chances to have a winning short trade.
NSE:SUNTVEducation
by joel-vg