ULTRATECH made a very good structure for short,Price broke the daily range with good momentum and sellers are holding price below support,We only need a sell signal to go short.
Bharat forge broke the support zone in daily timeframe and sellers are controlling the market below support zone till now, We need to wait for any price action sell signal to go short, Don't take trade too early.
Price 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...
Looking 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.
PFC bounced from daily support with good momentum,We will wait for clear uptrend continuation sign for enter.
We can see price bounced from support and there is a seller trap signal also, buyers are controlling the overall market so there is not a single doubt about the trend.
We 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.
we discussed our analysis on 23rd may and on Friday I have got the buy signal and today we can see price is going in our favour now we will wait and manage the trade.
Price dropped after making a new high with momentum and you can compare this correction with previous corrections, Sellers are taking control on buyer so we will look for sell only.
This is a very good structure of early trend continuation, Try to learn who is controlling the market buyer or seller, price action is not only candlestick patterns there is much more.
Explain everything on chart, just wait for price to come near 50 or 61.8 fib level.
SHRIRAM 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.
ITC trading in the range whole may month but finally we got the breakout to downside,Now wait for sell signal. reasons to sell:- 1- LL LH formation 2- trendline Break 3- Support Break 4- Price can not make HH after Divergence.
KOTAKBANK 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.
We can see clear selling momentum from top,Now we need only price action sell setup to enter,Do not enter early wait for perfect sell signal.For understand and learn how to find or identify perfect entry setups you need to spend more time on chart to become expert.
BANKBARODA bounced from daily support and we can see the divergence in bottom, In 1 hour buyer trying to control the price,Once we see HH HL formation then we will look for buy only.
YESBANK trading in sell zone with LL LH formation,If we see any sell signal below support zone we will look for sell but if price break the upper trendline and price start making HH HL then we look for buy.
COALINDIA bounced from daily support and broke the near resistance in 1 hour with momentum.Now wait for some correction and price action entry setup, Do not enter without entry setup because trend can change any time.You have to create a powerful mechanical system for entry exit and management because market analysis will help you to understand market behaviour...