Motherson Sumi has formed longed head and short considering the volumes increase in the fall in the last 3 months. \close below the marked line, will result in a major breakdown of HS
Educational Purpose.
Educational Purpose.
Last day Bank Nifty closed in its supply zone @ 26400-26470. Also, this is a middle zone if it’s a major supply and demand zone. If Bank Nifty will manage to sustain above this zone then it may test its next supply zone @ 26800-27050. Sustain above 27050 it may test its next supply zone @ 27150-27300. I am expecting one bounce and don't think so Bank Nifty will...
SUNPHARMA.. again bounced pf previous lows of 370 zone for the fourth time with volumes with USDINR rising , the could be a dark house and a contra bet when markets are weak..
But, in the case of Maruti, We are not taking a contradictory bet. This our basic uptrend trade. Although the targets are drawn using price action. The first target is where the gap fill. The second target is the highest point of the range of the previous day’s sideways trend! We can also draw the targets based on our trailing stop loss method that we have...
Now, when a big gap down occurs to any stock along with the index (which happened in last Friday because of Corona Virus), the first thing that mostly occurs is more fall because of margin expansion triggering selloff from brokers. After some point though, as you can see from the above chart, We can trade the stock with help of bounce theory because people...
Again, if we check using Bounce theory, the Lower high will be same as the high of the inside bar resulting in same trade idea. Anyways, all theories of price action tell almost the same thing in the same time frame.
But, if we check the chart of Siemens in W frame, We see an inside bar as well as in the intersection of two important support lines.