I have a very simple Intraday strategy which works really good. I would like to know your comments, advice or any faults you think my system might have, do paper trade this before actual trading.
After market hours I scan stocks in the 15 min time frame to find out which stocks have broken above or below a range of say 20 bars behind. Meaning from last 300 mins...
The script has given a breakout in the D time frame the last week with huge volumes and has consolidated since then.Check out my previous post on Aarti Industries as well.Now on checking the smaller time frames I found good consolidatory channel and triangle pattern.It could give a intraday breakout.So, the 15 min chart would be perfect.One could take a trade on...
yesterday we broke previous days high and went down but again in the afternoon we bounce back but the bounce did not sustained today and due to massive moves in the last two days the trend today is rangebound also on accont overseas meeting we are accepecting a downside market tommorow
Axis Bank simple price-action trade setup for Friday 23 July, if global markets remain bullish tomorrow, can expect good upside momentum.
Keep Trading simple as much as you can.
If you like my trading setups, please give me follow back and hit like button. It really motivates me in analyzing more and more charts for you guys.
Intraday Trade: Buy Nifty Future strictly above 15903 with SL 15860 Targets as per Today's Gann's pivot levels given below
R1:15897 R2:15918 R3:15981 R4:16044 R5:16108
S1:15843 S2:15822 S3:15759 S4:15697 S5:15634
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts...
A rounding bottom is a chart pattern used in technical analysis and is identified by a series of price movements that graphically form the shape of a "U". Rounding bottoms are found at the end of extended downward trends and signify a reversal in long-term price movements.
A breakaway gap occurs when the price gaps above resistance or gaps below support. Support or resistance, in this case, is often associated with a chart pattern, such as a trading range, triangle, wedge, or other patterns. Breakaway gaps often occur early in a trend and show conviction in the new trend direction.
How To Trade A Breakaway Gap?
The market moved...
A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope.