This is a very simple but strong concept. Its not developed by me but its a simple price action - momentum tenet used by many writers and traders.
For measuring time one can count the number of candles in a wave with the help of DateRange tool provided in PredictionandMeasurementTools Tab on the left pane of Tradingview chart page.
I will surely post some...
Support points for long position
* Missed posting yesterday. expecting gap up opening.
* Broken its channel pattern with strong bullish candle with very small wick at top and bottom.
* Closed above EMA 100 on day chart.
* No resistance till TGT 1 - 392.5.
* As stock is trying to close the gap the next target would be 398.6 which is EMA 200.
* If closes above...
Syngene International Ltd: Momentum trade. Volumes raising consistently. Price trending above both long and short term MA's. Levels marked on the chart. For better entry make use of VWAP (applies for shorter TF) Please be mindful of your position sizing and risk management for this trade. Happy trading
Disclaimer: This idea has been posted strictly for...