TRADING WATCHLIST FOR W/B 4-10-21
I will only be sharing the time frame and the scrip name. I will leave the trade basis aside as the intent is to engage the reader in learning the basics of finding good scrips. You can have a look at the charts and place your favorite indicators and check out if any of these fit your trade plan.
ON MY WATCHLIST FOR W/B...
Levels mentioned on the chart with probable Price Action to follow....
Be Proactive Trader
Better Insight, Better Trade Execution
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. ''I HAVE A RIGHT TO BE WRONG''
"Always Respect Risk"
this time I found a break out with heavy volume of db corp.. now the first possible target is mentioned which is not a strong resistance zone!!!!!!!
it also framed an ascending triangular pattern
and the whole sector once again is in boom. I find it a good opportunity
disclaimer :- this is my personal analysation and it is not any buy sell recommendation
Nifty Media has created the bullish head an shoulder pattern on daily chart .
And it has formed in the major down trend and also took a strong support on support line.
It is a clear indication of reversal of trend but should watch for coming days
Bullish Trend will be confirmed after it breaks the 1636-1646 levels i.e. 0.61 fibo level.
This is my own analysis...
In this video i have tried to explain why the media index looks interesting at current levels. this video has multiple studies like harmonics, chart patterns and moving averages which i expect will appeal interesting to others.
Everything clearly mentioned in the chart itself-keep stop loss tight i.e low of the previous candle before breakout...NOTE-this analysis is only for entertainment purpose...hence, do your own research before trading.
feel free to comment if you have any suggestion
Trade Setup: Stock has made a base around 410-430 levels and now showing signs of upward movement with volume on daily charts.
Buy Zone: 435-440
SL: 400 on closing basis
Target: Target1=465, Target2=508 Target 3=550
1. Trading requires more than technical analysis . e.g. Risk Management, trade management, psychology etc.
2. Always follow stop loss.