The price action is indicating high buying pressure which surging prices up. It shall reach to 53 level soon.
Target: 53
Stoploss: 50
Duration: 1-3 Days
The price action breaks out from a trending channel , indicating weakness and bearishness. It shall now reach to Fibs levels targets at 321, 313. Stoploss 336
Tata Steel ranging and trading in a uptrending channel as marked with Purple on chart. I believe today's closing shall determine further movement of price action in it. If the price action closes above 406 levels then we might see further rally as buyers confirmed strength and pressure and shall take prices further up. In case it closes below 404 levels then we...
Note :
This setup is only for Aggressive Traders, if you are conservative trader please stay away.
Enter only on valid Break of trendline, use stops wisely
Remember if we short now, we are standing in midst of Bull stampede.
Nothing Scary,Never Fear just Trade the Plan !
The above wordings deserve a repeat bcos of highly risky trade setup. Now two scenario's...
Hi Friends,
We have cypher pattern (potential) in LT and the C to D leg is channeling right now. Even in the channeling we have 2 types - outerchannel (white) on current timeframe n innerchannel (red&whitelines which is 5min Intraday). So trade it as normal breakout trade but decide whether it's gonna be 15min or 5min check ur risks before entering the trade....
I feelchart is self explanatory, if you need any explanation feel free to leave a comment..
Note : Browser crashed when I tried to publish ,so I'm not sure whether its repeat post or not, thats why posting again !
Happy Trading !
New day but our frequent offender is back. Yes , its rising flag so we are expecting breakout to enter the trade in SBIN. Probably nifty will be the decider for SBI's direction today, so lets see
Happy Trading !
After a breakout from a upward trending channel, it seems there is a correction shift in the price action. From the current breakout levels it is measured that the price action will go towards the next support levels. It is good time to short with Target:508-504 Stoploss 528
Hey Guys,
Woo..Hoo... We got Indian version of tradingview, awesome. Thanks to tradingview.com.
Here in Nifty 15mins we got channeling and I'm expecting to enter the trade on breakout only on valid close.
Hit Like button to keep me motivated to post more ideas...Thanks for your support !
Happy Trading !!
