1. AB is the Range confirmed by pivots CDEF.
2. 'A' the Range resistance is broken and given Unacceptence by candles 1 and 2.
3. Yellow line show's the immediate fall in price and Green lines shows pullback and then fall in price
4. Target 1 will come at 1:2 RR
Target 2 can be trailed with respect to priceaction. Once the first target is attained stop loss...
RIIL has made Double bottom and price has crossed above neckline...
Near days we may see below targets :D
Targets are 465/475/482/490+
SL : 440
Note: Do your own study before making any position...
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It is been observed that the price action is indicating weakness and strong selling pressure at higher prices. It shall further go down from current price action.
Target 1: 235
Target 2: 230
Stoploss: 248
I have a very simple Intraday strategy which works really good. I would like to know your comments, advice or any faults you think my system might have, do paper trade this before actual trading.
After market hours I scan stocks in the 15 min time frame to find out which stocks have broken above or below a range of say 20 bars behind. Meaning from last 300 mins...
With the FED Rate announcement just a day to go, EURUSD is approaching the sell zone. Although the move to the upside form now is really strong, we need consider that it is in a range and within the range, both the up and down legs are impulsive in nature and we cannot ignore the previous down leg and the larger trend on the chart. This gives us the most probable...
Ajantha pharma which is trading near a weekly trend channel limit, if finding trouble to cross the flipped supported. last day candle is bearish engulfing candle. so any thing below the low can be shorted with sl above the high for the trendling bottom.
Entry 1857
SL 1930
Target 1595
Very good risk reward possible.
Colpal Trading near Monthly TL support is expected to have completed WX/AB waves of correction as Elliot Wave.
Now 1033 high is key for longer term bulls. any close below the monthly TL support which is near a small demand zone too, should trigger Monthly TL-2 target and Weekly TL tgt.
SL above 1033 longer term
shorterm players should wait for a retracement r...
Today's price action indicated weakness as it failed to reach out to previous high levels of 8840. I believe sellers are now in dominance and the prices shall further move down tomorrow.
Target 1: 8747
Target 2: 8700
Stoploss: 8840
