DOWNWARD TRENDLINE BREAK IN SUNPHARMA SEPTEMBER FUTURES BUY@620 STOP@599.5 TARGET@650 LOT:1100 QTY:1
SWING TRADE IN TITAN AUGUST FUTURES HOURLY CHART RANGE-BREAKOUT BUY@940 STOP@930 TARGET@955 LOT:750 QTY:1
SWING TRADE IN CANARA BANK AUGUST FUTURES BUY@286.5 STOP@282 TARGET@294 LOT:2000 QTY:1
POSITIONAL CALL IN YESBANK SEPTEMBER FUTURES BUY@392.5 STOP@385.5 TARGET@405 LOT:1750 QTY:2
Simple and repeatable price action structure, Waiting for setup
We can see some selling momentum, Now we need only price action signal to go short.
Price is at support zone and we can see that buyers are more stronger then seller and Everything i have explained in the chart.
Price is trading at top and i am a reversal trader so i always looking for reversal signal where buyer are losing control and sellers are taking contol. I am waiting for confirmation signal for short and i have my selected 2-3 setups where i always take trades. If i dont see any setup then i skip the trade.
I am always looking for this type of price structure, SL and TP explain in chart. I Have my own trade and money management system so dont follow blindly, Do your own analysis
This is the perfect example of Momentum but you can not trade only on momentum, You need to combine all price action tools for analysis like Trendline,Support & Resistance zones, Price patterns etc. If you are a price action trader then you have to trained yourself to locate this type of price action movement.i am doing the same thing again n again and it helps me...
This is the perfect example of Momentum but you can not trade only on momentum, You need to combine all price action tools for analysis like Trendline,Support & Resistance zones, Price patterns etc. If you are a price action trader then you have to trained yourself to locate this type of price action movement.i am doing the same thing again n again and it helps me...
Everything explained on the chart.
As we discussed SBIN was in my watchlist and finally today i have got the buy signal. SL,TP marked on chart.
ACC is trading at bottom but till now we have not seen any bullish sign and i need to price go down first before going up(see pink circle) with the momentum,wait for 1st HH then watch price closely because there is one more support and price can go down to test that zone. Note - Dont try to buy if stock is going down,Wait for buyer
BHEL bounced from support(minimize the chart to see support zone) with buying momentum and this stock is trading in the range from many days so I have added this stock in my watchlist and I will wait for clear uptrend continuation signal.
We have seen very good Down trend in the formation of LL/LH from last november but now we can see buyers are coming (as per momentum) and trying to control the market also we have got our first HH so now we need a buy signal only.
SBIN broke the resistance with very good momentum and i can see clearly HH/HL formation and there is no selling momentum till now, I have two entry zones so i will wait for buy signal near the zones .