BPCL chart showing high volume selling today, RSI tanked below 60. If stock breaks 375 with volumes, more pain to be witnessed. If a bounce is witnessed after touching 373-375, might zoom above more. Levels mentioned in chart. Do your research before taking trading decision.
weekly chart price channel + good results + volume growth = can bounce
BALKTISIND support at 1000 and 973 if it breaks 1000 then it will see 950 and resistance at 1058 and 1096 if it breaks 1058 it should go upto 1100 further as per my view....
VWAP below 25SMA and candles below vwap .. is a short journey VWAP above 25SMA and candle above vwap .. is a long journey Back test and lemme know. www.tradinginzones.com www.youtube.com
Click to study BO strategy >> Hit the like button if you think this information was useful for you. Trade Safe, stay healthy Best Regards Afraidtotrade
Hi fellows Notice how the volume-spread analysis could help in finding major reversals. The analysis is applicable to all time frames. Rest notes are on the chart. Hit like for better posts in future. Trade safe, stay healthy Best Regards Afraidtotrade
Hi fellow Thanks for your response to my last post in which we discussed what happens after a breakout. In this post we will discuss better ways to anticipate a breakout. Although the types discussed are ideal that doesn't mean they are not possible in real time. That's why I have been posting some examples. However, anticipating a breakout does not mean that...
Notes on the charts. For best results, Its better to trade in the direction of trend. Hit the like button if you think this post enhanced your knowledge and would help you in trading breakouts. Your likes are the only motivation to post better strategies in future. Trade Safe, Stay Healthy. Best Regards Afraidtotrade