Momentumstrategy
ACC ANALYSIS FOR samyr99ACC 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
SUNPHARMA LOOKS GOOD TO BUYPrice bounced from support after making double bottom with momentum and sunpharma trading in range between 600-432 and we can see clear first HH formation So its very good signal that price will go up,Now waiting for signal.
NOTE - YOU DON'T NEED MORE TRADES FOR MAKING MONEY,YOU NEED ONLY FEW TRADES WITH QUALITY SETUP,FOR THAT YOU NEED TO CREATE A WATCHLIST FOR SELECTED STOCKS AND FIND THE QUALITY SETUP AND AVOID ALL THE SETUPS.
NMDC LOOKING FOR BUYLooking for buy because as i can see price was coming down in the formation of LL/LH but there is lack of momentum in downtrend and price bounced from support so as per my price action analysis price will go up fast once buyer take the control on overall market, So i will wait for entry signal, If entry signal is not found then I will skip trade.
GBPCAD LOOKS GOOD TO BUYWe can see seller trap at bottom,This is very good sign of trend change and also there is a very good RRR.
NOTE - FOREX TRADING IS NOT FOR EVERYONE AND FOREX CHART ANALYSIS IS FOR EDUCATION PURPOSE ONLY, I DO NOT RECOMMEND ANYONE TO TRADE FOREX,I AM SHARING MY TECHNICAL ANALYSIS KNOWLEDGE ONLY.
SHRIRAM TRANSPORT INTRESTING PRICE STRUCTURESHRIRAM TRANSPORT was trading on the top but we can see price drop from top after Divergence with good momentum and support also broken,So now we need to wait for sell signal to enter,Do not enter without confirmation signal.
KOTAK BANK DIVERGENCE SELL SIGNALKOTAKBANK broke the up trendline and we can see price clearly break near support, now we need clear signal to go short but do not enter before confirm sell signal because Actual trend is up,So we take trade on A+ setup only otherwise we will not take this trade.
Reasons to short:-
1- Trendline Break
2- Divergence Signal
3- Support Break.