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Is Bharti Airtel measuring our patience? / daily chart analysisHello friends , Thank you all for prioritizing my idea. hit the like button and also follow for new update. let's talk about chart.. we have to conditions after break or while retreat from resistance. here we can see some Area where No trading activity founded it Is outlined as "Area Zero " and trend-line is breaking every previous Resistance.it has just broken this resistance and made a new one at 606.20 we can find magnet line where the price often touches. we have funded 3 magnet lines M1 , M2 and M3 . every line can be our target. here if price will break resistance at 606.20 then we can buy because it will be bullish or it will play move in trend channel like this and again touch at magnet Line. price have shown rejection by tail at 361.80 . .................................................................................................................................................................................... (0) well we should wait for breakout or when failed to make new Resistance. lets zoom in this point if it will fail to make new Resistance we can see this : because of some fundamentals , position is buy but we are not running on base of news so we will wait for signal to take position.patience will give us profit. "news base trading Have high Risks" but we can afford only 1:3 (Risk:Reward) .................................................................................................................................................................................... it's better to wait for Signal and perfect entry... Thank you for you ... :) .
NSE:BHARTIARTL
by UnknownUnicorn5245909
34
Torrent Pharma continuation trendOn daily time frame, stock is showing really good long setup with a Symmetrical triangle which is indicative of continuation of bullish trend Since , Nifty Pharma is taking on a ride and pharma stocks are hitting through the roof.This will be a good long bet in the bearish Market. Initiate a long trade as soon as it breaks the last high of 2525 with a stop loss of 2440. Volatility is expected since the markets are very choppy and there is a lot of noise. These are solely my views. Trade wisely
NSE:TORNTPHARMLong
by shaleenbansal
SEE HOW TRAPING IS DONE BY INSTITUTIONS BY GAP UPLEARN HOW TRAPING IS DONE BY INSTITUTIONS BY OPENING GAP UP AND DOWN WITH YESTERDAY PLANING TO TRADE. 1. IN THE FIRST POINT OF YESTERDAY PLANING SECTION , I SHARED THAT TILL PRICE DO NOT BREACH GREEN TRENDLINE BNF IS IN IMPULSE WAVE. SO IT OPENED GAP UP. SEE IN PINK CIRCLE COMPLETE MOVE IS TRAPING OF BULLS. WHY I AM SAYING THIS TRY TO UNDERSTAND THE LOGIC. IN MY EXPERIENCE WHEN PRICE GETS REJECTION FROM POWERFUL ZONE AS YOU CAN SEE YESTERDAY CANDLE SHOWING BIG WICK IN FIG. IS USUALLY BREACHED BY GAP UP OPENING. INFACT REJECTION CANDLE WAS THE PONIT WHERE ZIG-ZAG THREE WAVE PATTERN WAS ABOUT TO COMPLETE NOT SHOWN IN FIG .IT IS IN LOWER TIME FRAME OF 15 MIN. THE CLEAR ENTRY OF BEARS WERE SEEN AT ZONE NOW TO TEST THE STRENGTH OF BEARS , BULLS OPENED IT GAP UP .IF BEARS ARE REALLY STRONG THEN AT SOME POINT ,THEY WILL NOT LET BULLS TO DRIVE THE PRICE. ON THE CONTRARY IF REJECTION CANDLE IN PINK CIRCLE YESTERDAY IS STRONG BEARS THEN PRICE WILL NOT MOVE UP SAME HAPPENED ONLY FIRST CANDLE IS BULLISH AFTER THAT TWO CANDLES ARE IN DECISIVE SHOWING LACK OF BULLS INTREST. BNF SPEND ALMOST TWO HRS IN SMALL RANGE . AND 4TH CANDLE IS BIG BEAR CANDLE. TILL 4TH CANDLE I WAITED TO TAKE POSITION SO I GOT THIS OPPURTUNITY IN 5TH CANDLE. IT WAS SMALL BULLISH CANDLE TESTING THE STRENGTH OF BULLS WHICH FIZZLE OUT THERE I TOOK SHORT AND BOOKED AT UPPER END OF RED ZONE. CIRCLED IN WHITE . YOU CAN SEE THE LONG WICK NOT ME EVEN MANY TRADERS BOOKED THEIR SHORTS.DAY TRADING SHOULD BE DONE LIKE THIS APPROACH. ALWAYS ENTER IN CONFRIM MOVE. ONLY ONE CONFRIMED TRADE MARKET GAVE HERE. I DID NOT CARRY ANY POSITION YESTERDAY BECAUSE I WAS CLEAR, MARKET CAN TRAP ME BY GAP UP LET IT HAPPEN THEN I WILL DECIDE. PLANING FOR NEXT TRADING SESSION. 1. I WAS BEARISH FOR THIS DAY THATS WHY GAVE YOU BOTH STRUCTURE OF RANGE BOUND TRADE. IF YOU SEE TODAYS STRUCTURE CAREFULLY YOU WILL FIND ONLY ONE CANDLE TRAVELLED UP IN PINK CLERCLE WHERE AS FOUR BEARISH CANDLES TRAVELLED MORE THAN BULLISH CANDLE. SO I WAS RIGHT AS BEARISH FOR THIS DAY.NOW GREEN TREND LINE IS STILL INTACT BUT STRUCTURE IS CHANGED TO RANGE BOUND. THE INPORTANCE OF TRENDLINE IS VANISHED.NOW WHAT INMPORTANT IS THE RANGE IN BLUE COLOR LINES . IF PRICE CROSSES UPPER END OF THIS RANGE AND DO NOT COME BACK IN 30 MINS THEN RANGE BOUND TRADE WILL FINISH AND UP TREND IS RESUMED. SAME IS TRUE FOR LOWER END OF BLUE ZONE. 2. IT IS ALWAYS DIFFICULT TO TRADE RANGE BOUND TRADE SO NO DIRECTION FOR THEM. ONE THING REMEMBER ONE HAS TO BOOK PR AS SOON AS POSSIBLE. BNF CAN SPEND COMPLETE WHOLE DAY IN THIS RANGE.I ALWAYS KEEP ALL CONDITIONS OPEN IN MY MIND , SO ACT ACCORDINGLY WITH BUYING SELLING SETUP. NEW COMERS SAY BEAUTIUL ANALYSIS BUT DID NOT UNDERSTAND. AS THEY DO NOT KNOW STOCK LANGAUGE. THEY LIKE DRAWINGS IN FIG. SO LEARN FIRST ONLY THEN BE ABLE TO UNDERSTAND. 3. WHITE COLOR MOVE IS EXPECTED TO FOLLOW. REST MARKET WILL DECIDE. YOGESH VATS
NSE:BANKNIFTY
by yvatsji
9