coal forming pattern also run inside channel from long time. on up side their is small resistance. after breakout of resistance expecting a pullback on that area or it can also gone more down for take support from green line so keep in watch
stock is in uptrend from last few day's. for now expecting a pull back till last structure high level then have to watch for rejection's near that level. after that only enter don't enter direct or u can also watch small timeframe action near this zone for watch.
If it pases that channel then short there but with a stoploss coz we are in uptrend and we know that increase in prices and taxes of fuel will be having strong Q1 results.
So jf this price crack doesn't happen then buy for the upside 🤑.
BREAK OUT TRADES ARE VERY FRUITFUL IF YOU CAN FIND PERFECT SUPPORT/RESISTANCE AREA'S. IN THE CHART, I SHOWN PROPER SUPPORT AND RESISTANCE AREA'S ON THE CHART OF MUTHOOT FINANCE OF DAILY TIME FRAME. IF YOU LEARN TO FIND THESE IMPORTANT AND MOST IMPORTANTLY, AFTER FINDING OUT THESE ARES YOU WILL HAVE TO ENTER INTO THAT TRADE ON BREAK OUT PRICE SO THAT YOU CAN ENJOY...
Disclaimer - I am also a learner! and I am publishing this to share what I learnt with other learners and to get some comments from veterans of this field
This is a simple positive trend prediction.
I have started by just highlighting an assumed resistance and support by joining the highs and lows respectively. Then you can get a clearly idea that the current...
There has been a great downtrend from some time in Bank nifty.
But yesterday the market showed a very nice bullish momentum, so today and tomorrow the market may be a little volatile. But I have spotted a very nice W pattern in 4 hour timeframe so the it has a very high probability of showing bullish momentum within 2-3 days. Just check this out.
Note : This is...
TECHM LOOKS GOOD FOR TOMORROW !
WAIT FOR CLOSING/RETEST ABOVE SUPPORT/RESISTANCE.
IF OPEN BIG GAP UP/DOWN THEN AVOID OR TRADE ACCORDING TO PRICE ACTION !
TRADE WITH PROPER RISK MANAGMENT !
FOLLOW FOR DAILY ANALYSIS !
support and resistance analysis for 7 may 2021
previous day open 32915
previous day close 32875
previous day high 32956
previous day low 32564
support for tommorrow 32564,32240
resistance for tommorrow 33394
Wait for breakout or breakdown of support or resistance or treadline
In candlestics look for pin bar or hammer or inside ...