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Channeltrend

How to better time your entry and exit in Swing Trading?This charts shows the possible areas where one can look for trading opportunities (through Price Action Strategy) and be profitable from it. Swing Trading is better for beginners in Stock Market and Price Action is one of the ways to approach Stock Market. Through Price Action, one can identify the current market structure (uptrend/downtrend/sideways) and so better trading decisions can be made, which will pave way to better time entry and exit. Drawing trendlines, patterns, support and resistance and reading candlestick patterns are some of the ways in Price Action Trading. A good price volatility of a stock is essential especially from the traders perspective, as traders tend to make profit from the market using its volatility. Another important thing in taking up a trade is choosing the right Time Frame because in terms of volatility many of the stocks would fit into 1 Day time frame, some stocks would fit into 1 hour time frame, 4 hour time frame or 30 mins time frame etc. With all this in consideration, one can be expected to make entry in breakouts and shorting in breakdown. One should manually go through as much charts as possible and add to their watchlist that fits into their strategy. This roadmap is one of many ways to approach trading in Stock Market. This is just for Educational purpose. Thank You
NSE:HDFCAMCEducation
by Sivabharathi03
WaveTalks - Nifty: Channel Trading Strategy WaveTalks - Nifty: Channel Trading Strategy There are three (3) types of channels: 1. Ascending Channel (higher highs and higher lows) 2. Descending Channel (lower highs and lower lows) 3. Horizontal Channel (ranging) ------------------------- Ascending channel ------------------------- An Ascending channel is a pattern formed from two upward trendlines drawn above and below a price representing resistance and support levels The ascending channel is also known as a “rising channel” and “channel up“. Ascending channel has a rectangle shape (Current Case – Nifty / 20th Oct2021) --------------------- Trading Strategy --------------------- As long as prices remain within the ascending channel, the upward trend in price can be expected to continue. 3 Supports shown as 17613 – 1st Support / 17864 – 2nd Support / 18209 - 3rd Support When executing trades based on a trendline, it is important that the trendline is a valid one / How do you know it is valid – 2 points required to draw a trendline & 3rd point which is 18209 if falls & takes support then it confirms that the trendline is a valid one. So, Any Buy or Long Trades should be executed with stops below the trendline so 18209 is an important level. Traders can keep 18200 level which is a psychological level. ------------------------- Descending channel ------------------------- A Descending channel is a pattern formed from two downward trendlines drawn above and below a price representing resistance and support levels. The descending channel pattern is also known as a “falling channel” or “channel down“. ------------------------- Horizontal Channel ------------------------- A horizontal channel is a chart pattern formed from two parallel trendlines drawn above and below price representing resistance and support levels -------------------------------------------------------------------------- The Last Idea - Bulls Yelling The Excitement - Gap Strategy -------------------------------------------------------------------------- Hope you enjoyed selling at the tops 18600 for 18200 approx. Nifty Index took support in the 2nd Gap. Are You Ready for the Next Move?
NSE:NIFTYEducation
by WaveTalks
14
Bank Nifty - My trading SetupI always follow the KIS (Keep It Simple) principle in my trading. I simply trade what my chart says. Bank Nifty has been trading in an upward rising channel. So, which side to choose (bullish/bearish) is self explanatory. But, let me just put it out for you. As you may see on the chart that the upper channel line is acting as a good resistance and the lower channel line is acting as a good support. I wait for the price to touch either the upper line or the lower line. I sell CE once it takes a U turn from upper line and similarly I sell PE once it deflects from lower channel line. The center line acts as a neutral but important zone. A reversal from this line means CE selling and a strong crossing above it means PE selling. Trades can be taken based on how the move behaves on a 15min time frame. But this is not a HOLY GRAIL and is not that easy as it seems. Markets are supreme and need not follow what we think or have decided. Hence, always be alert and change/cut your position accordingly and do no hesitate from taking a loss. Disclaimer: Do not simply dive into trading acc to what has been told above, do your own due diligence, put your own brain to it and then decide your levels/positions/setup. The idea behind sharing this was to impart knowledge/perspective to look at charts and not a recommendation. Happy Trading!! :)
NSE:BANKNIFTY1!Education
by Ankit_Oberoi
28