Look at the movement of the price from the chart. Is it amazingly good. All we need to do in this chart is for years we would have been went for buy at support and sell at the trend line resistance. It works all these years perfect. learn technicals and enjoy each and every trade you take. Tradersasi.
INDIAN ENERGY EXCHANGE Looking good for short term possible upside 10-20%
Price may find hard to move beyond the SUPPLY zone. It may retest the DEMAND zone ~11300-11200. After clear accumulation, price will move up. Gap created on 4-Sep may be filled. For week Sep14-17: UPPER ZONE: ~11500 - 11600 LOWER ZONE 1: ~11300 - 11200 LOWER ZONE 2: ~11000 - 10900
It is for educational purpose. Please do your analysis with this as a reference. Before making an investment please consult with your financial advisor.
TECHM EDUCATIONAL CHART SUPPORT N RESISTANCE.
Price tested H3 levels of Camrilla pivots . H3 levels are uptrend reversal levels when in confluence with multiple resistances confirmation. L3 is another trend reversal pivot , which got crossed by volumes and wide range candles. H3 to L3 and vice versa trades occurs frequently.
Most traders have difficulty to trade, though they do analysis previous day. Gap up or gap down confuses them. So how to trade? During market hours the emotions are high. At that time you wont find the support & resistance properly. Thats why you are pre planning your trades. So when the market gives you surprises, you will be ready for it. In my axis bank ...
Titan has continued to make higher highs and higher lows respecting the daily kijun support. It could move now towards 1225-50 (where it will test a weekly trend line) if it holds 1160.
Price may retest the DEMAND zone and will fill the gap created on 21-Aug. It may be side wards for a couple of days as the volume is clearly accumulated at lower price (~22250-22300) by big players. I guess price may be lowered further and clear accumulation may happen. If the trend line (Green line) breaks then the next DEMAND zone would be (~21600-21700). Every...
This educational idea shows how to use Fibonacci tool properly. It also shows how to achieve maximum probability while using the tool.
Again this is based on Positive Hidden Divergence