#MindaCorp @ 57 | Thursday | 28-May-20 | Daily
- A double bottom formation
- But on longer term it has not sustained it's uptrend
- So, let this first cross 62 levels then will review
#NSE #Nifty #Nifty50 #Sensex #NiftyBank #NiftyAuto
Before the trade, kindly use the rule of margin management for risk.
“There are a number of different types of techniques, and strategies but I used my own and mix research"
I hope you all are enjoying. Everything is plotted on the chart,... LIKE and Comment please.
There is lot of twists herein:
By the looking left to right, while breaking out the price Congestion we have seen Invalid breakout in price. That why price suddenly fall.
Bullish forget of 3 candles was completely perfect but, again we have seen valid heavy volume candle ...! Something is cooking in this stock.
Let look more closer to the 4hrs chart....
Tails are important for this stock to trade.
Suppose to trade tomorrow 285 above, then buy and hold (Friday)
Tatasteel TimeCycle and Parallel downward channel.
The price is trading at value low which is better to...
This study is purely based on simple price action
tredline pattern analysis.
Price action is very simple to understand and main focus is price/patterns. Keep your chart clean and free from indicators, follow same process daily to get good results.
If you wish to learn simple price action trading process (strategy seekers kindly excuse), kindly...
Lower Bound at 46
Decisive level 45.5
Trade Setup 1.:-
Buy above 45.5 for 1-target 51.45 nearby
suppose to buy in range 46.4 to 46.9
Very low risk
Trade Setup 2.:-
Sell with stoploss of 49.15 above closing bias.
suppose to sell 48 nearby and target 42.5/40.5 and more
Very low risk
Choose on of your best Trade Setup for you from chart identifying.
The last pin bar is showing price rejection.
Rejection zones are areas where there is no equilibrium in price. The asset is either over or under valuating, meaning that the market might be oversold or overbought. It's important to spot these rejection zones to know when to avoid a trade and where the key pullbacks are.
Maintain stop loss
Upcoming wave is impulsive wave and target is 577 nearby after up breakout.
Let's check Breakout more closer look.
While breakout the price Congestion, volume should more than 2x from average volume.
The bhartiartl in slow...
Volume vs. Price Action:
Points to be focus on:
Gap (run away type)
Invalid Doji (from the left to right Doji is invalid because of low volume compare to previous candle)
sequence of tails (sign of existence negativeness)
Interruption began to push price upward.
Red Alert : sellers will take action on the Red Alert zone 1542 to 1490, and price...
Parallel Channel defined validation, more than 2 price is used to find price point by connecting at least minimum two price in degree.
TCS trading price at DECISIVE zone for further direction: up-break or follow the channel as projection. If price is continue call follow the price parallel channel, the first target is at 1977 nearby.
Observation by using...
23rd, March 2020: the high was $9.81
24th, March 2020: The low was $10.66
-> MGM's price never returned back to $9.82 to close the gap that still remains. It's a hole in the price of MGM.
03rd, April 2020: The lowest price came was to $10.00
The market has a gap between: 23rd March at $9.81 and at $10.00 on April 3rd.
There is a 95% chance that the gap...
While all the fundementals news of the oil industry are been Bullish for the OIL PRICE,
we are having that Bullish continuation pattern,
the Cup and Handle Pattern,
Let's wait for the opening market price to confirm the theory,
wish you all the luck and most profits,