EIDPARRY
EIDPARRY - Ichimoku Bullish Breakout Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 591
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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Intraday Trade: watch for range breakoutbuy above 535 in Intraday
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
EIDPARRY - Retest & Reversal - Swing TradeThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
EIDPARRY - Bullish BreakoutThe stock has broken the patten and is expected to reach higher. Refer the chart for details.
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EIDPARRY Swing trade ideaDiscl : active in trade.
Why i chose? Ascending triangle on day tf breakout has the highest probability of win ratio. stock has made a good base for months in same zone. only minor issue i have is the bottom w pattern the stock has made, but should not be an issue since upside candles is having more volume which means stock doesn't wan to go below 390.
En- 426
exit: 480
sl: if candle closes below previous swing low
target in % would be 12%
EIDPARRY #EIDPARRY (D) Since March 23, 2020, the price has been following a supportive trendline. Now, the price has returned to that trendline, with a nice reversal candle :)
#Disclaimer:- View shared is for educational purposes only. Conduct your due diligence before making any trading/investment decisions.
#Stocktowatch
EID Parry | Monday setup | #shorts# I am starting this series..... of shorts, where analysis will be even simpler and potential good trades can be activated :)
# Break of this triangle = a good long as per risk
# Gap up sustained = good long as per risk
# breakdown or gap down = leave the trade
# Risk only 1% to 2% of Capital :)
# Targets = 2% to 3% after breakout or top of the triangle :)