Always go back a little and check before investing, weather breakout is false or true. It is forming a triangle pattern so we might see a rally soon, but it all depends where stock goes from this point. If it starts trading in narrow zone and in the triangle formed then its possible we might see a true breakout soon.
This chart represents NIFTY/CNXSMALLCAP every time the ratio hits this trendline smallcap are likely to fall until the ratio break the trendline downside!
-Always wait for the current candle to close beyond the trendline to confirm the break. -Always wait for the current candle to close beyond the Previous Higher Low to confirm the Trade
CNX IT is following perfecr suport resistanc at important levels 3.618 extension can be a strong resistance ahead
Why you should not buy and sell based on RSI overbought and oversold concept. How RSI works.
Mahindra & Mahindra looks good on chart and also auto sector's results will be fantastic.
Expected an uptrend after a deep correction from 219. If it doesn't break its support of 170.4 can expect an upside with targets up to 196. This is my first analysis, comment if it's right?
keep eye on it it has made triangle in lager timeframe
Understanding the overall structure. :- Here it is simple higher high higher low structure. Stock currently above previous higher high. How to Set Targets using Fibonacci extensions. First Identify the swing. here it is 308 to 1389. then place Fibonacci tool. After placing look at 38.2% 50% 61.8% levels if the stock has faced major resistance or support or...
Dear reader, this is a full-fledged trading system. If you follow all the mentioned steps correctly, you will definitely have a great winning ratio. You can back-test this system on any instrument, stock, commodity, forex, etc. This system should only be used to take “Long” trades using the 5 min time frame on a stock that has sufficient liquidity. Steps to...
- Stock to give a bull run - Stop loss should be tight around 135 range because once the stocks goes below 135 range it has a high probability to go till the demand zone 110. - If the stock touches the demand zone at 110 can re-enter there. - Can anticipate a 12% move till 155 range
1. Find stocks which trading in a range. Longer the range - the bigger the move. 2. Wait for price to show strength. Don't jump all in at the breakout. Gradually build positions. Take a small position at breakout and a bigger one at pullback continuation.
Stock Selection For Swing Trade in 5min. Live examples which I have done myself also explained.
support and r on mrf chart , u can see ckearly it can helpful to draw s r line ,
waiting for breakout and after getting confirmation candle go for long
E1 - 23 Nov 21 - 11.70 T1 - 06 Dec 21 - 16.20 Test buying per day plan - 1 or 2 stocks or less then 50 rs
I feel that after bullish engulfing on date 5th august 2021, few (2-3) bearish sticks will follow like before and again will raise up. Look at how beautiful the fib band is fitting.
Stock Name: ITC Pattern: Trend Line BO + Resistance Level + Cup and Handle Recommendation: Buy above 216.75 TGT: 228 SL below 208 Note: Trade according to your risk capacity. Your Money Your Responsibility