JCHAC going for a Kijun bounce after entering a C Clamp.
We have taken position in the stock at
CMP = 2516
Stop Loss = 2375
Target = 2900-3100-3300
Note: This is an educational idea showing how Kijun Sen can act as a moderate support. Enter any financial position after assessing your own risk / consulting an authorized financial advisor.
In monthly time frame every time in the past whenever price has had a big gap with its Kijun the trend has reversed. Once again we are witnessing similar kind of extreme range levels. Since this is monthly it could take its time, a weekly close below 495 would be a trigger for retracement till 425-400
If we check on the previous crossing of TEN-KIJ, it was in the KUMO which means no trading zone.
We can see that the price, TEN-KIJ, and KUMO are not moving in a stable pattern.
The KUMO kept on switching between Support and Resistance with a gapped price movement.
The price movement will make a new high.
TEN-KIJ are moving upwards, at this...
Today we went to the ichimoku indicator and will tell that in perfect.
We have shown two lines here, one is red and blue which is red one is Kijun Sen and one is a blue line is called Tekken Sen.
When the blue line crosses the red line upwards, the movement of the market is up
And when the blue line crosses the downside of the red line, the...