After the downfall stock is continuously giving positive move and there is strong upside move.
It is facing resistance to hold above 255 level but soon breakout possible if you catch it on lower trend line grab it.
Buy @250 - 255
Target 1- 260
Target 2- 265
This trade is given for short term(Swing traders)
50% retraced 4th wave - 8957
61.8% retrace 4th wave - 8741
Wave 1 and 2, both connected parallel chance for finding 4rth wave. Intraday support 9100 nearby.
Short Sellers: first target 8965-8935 after breaking down the channel.
Next long position Trade Setup have two option :-
Buy 8957nearby with minor stop-loss and,
Last buy 8741 with stop...
Price action Picture going in Reliance .
1. Reliance has started the process of Re-accumulation by making An evening star pattern circled in green . This is perfect and activated also. Made on strong zone , there fore , got activated. Since it is process of re-accumulation so It should spend time in this process . When this process is activated by smart money...
Before the trade, kindly use the rule of margin management for risk.
“There are a number of different types of techniques, and strategies but I used my own and mix research"
I hope you all are enjoying. Everything is plotted on the chart,... LIKE and Comment please.
Risk vs. Reward = 5 vs 17 points (1 is to 3)
Suppose to, you are going to get chance for long between 110-105 at where your reward will be more higher than risk.
Support of lower bound at 111 with Safe-Target 127 above for same channel but if price shift toward the new "Value Area (3)" in upward then swing target 138-155.
The Decision is your and...
#MindaCorp @ 57 | Thursday | 28-May-20 | Daily
- A double bottom formation
- But on longer term it has not sustained it's uptrend
- So, let this first cross 62 levels then will review
#NSE #Nifty #Nifty50 #Sensex #NiftyBank #NiftyAuto
There is lot of twists herein:
By the looking left to right, while breaking out the price Congestion we have seen Invalid breakout in price. That why price suddenly fall.
Bullish forget of 3 candles was completely perfect but, again we have seen valid heavy volume candle ...! Something is cooking in this stock.
Let look more closer to the 4hrs chart....
Tails are important for this stock to trade.
Suppose to trade tomorrow 285 above, then buy and hold (Friday)
Tatasteel TimeCycle and Parallel downward channel.
The price is trading at value low which is better to...
Lower Bound at 46
Decisive level 45.5
Trade Setup 1.:-
Buy above 45.5 for 1-target 51.45 nearby
suppose to buy in range 46.4 to 46.9
Very low risk
Trade Setup 2.:-
Sell with stoploss of 49.15 above closing bias.
suppose to sell 48 nearby and target 42.5/40.5 and more
Very low risk
Choose on of your best Trade Setup for you from chart identifying.
Price at upper-bound
--> U-turn alarm
Do you want exact sell signal? You can comment with Yes or No...
Volume vs. Price Action:
Points to be focus on:
Gap (run away type)
Invalid Doji (from the left to right Doji is invalid because of low volume compare to previous candle)
sequence of tails (sign of existence negativeness)
Interruption began to push price upward.
Red Alert : sellers will take action on the Red Alert zone 1542 to 1490, and price...
Parallel Channel defined validation, more than 2 price is used to find price point by connecting at least minimum two price in degree.
TCS trading price at DECISIVE zone for further direction: up-break or follow the channel as projection. If price is continue call follow the price parallel channel, the first target is at 1977 nearby.
Observation by using...