Priceactiontrading
BTST IN SRTRANSFINBTST IN SRTRANSFIN
BUY677
STOP@664
TARGET-1@697
TARGET-2@715
!!please note trade with caution!!
!!manage your risk!!
!!trade-wise!!
!!please adjust for future rates!!
How I got 10 points in BANDHANBNKBANDHANBNK was in my radar from last three days, since yellow trendline was tested by many times hence it became weaker. Today morning when price crossed pink line which was yesterday high, i entered into the trade 276.45 with SL 266 below the yellow trendline and keeping the momentum in my mind because of expiry day I took R:R 1:1. and booked my profit at 286.25
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JSW Steel - Bearish Setup - Price ActionJSW Steel is stood at a very crucial support, price action however, suggests it would be broken sooner or later.
Those holding longs should exit and those who want to go short, should either wait for a bounce (See projected Blue line) or should short when the price breaks below the horizontal support line. Once the support line is decisively breached, JSW Steel can go down to the level of 165.
INTRADAY | Failed Breakout? lets wait for TomorrowIf it Breaks the support line, a sell up momentum can be seen..
Sell below 457
Target 1 - 452
Target 2 - 443
Target 3 - 432
*Use Tight SL according to your risk
Disclaimer : Only for educational purpose. Please consult your financial advisor before putting money into the market!!!
Missed BD in M&M, however captured 5 pointsI have selected M&M yesterday for Today session(8th June 20) since it was forming a nice pattern in 15min TF.
I missed the BD, however i have entered once price crossed the pink line(previous day low) and got 5 points. Target was the green line(day before yesterday low).
Entry - 474.9
Exit - 469.5
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Ashok Leyland: Trend analysis (Short bias)Weekly Time-frame:
After making bearish pin bar last week, this week ended with strong bearish candle. (Short bias)
Daily Time-frame:
Few days ago, prices made a lower high then broke the upward trend-line which signify possible trend change.
For further confirmation, analysed intra-day time frame i.e. 4H.
4H Time-frame:
After breaking upward trend-line on daily time-frame, prices broke the immediate support level with the momentum and made a lower low which confirms Down-trend . Then made a lower high which took resistance from same level (above support level) and also from 50 EMA.
Conclusion: This price action on every time-frame confirms short bias so one can initiate a short trade with stop-loss above recent lower high keeping own risk to reward ratio in mind.
ADANIPORTS , Good candidate for SHORT (Learn & Earn)ADANIPORTS -
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 reach out.
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NIITTECH respected FIBO and Making Rising WedgeNIITTECH respected FIBO at 0.6 level moved its direction to downward, if price will cross 0.5 level of FIBO then it will good candidate for short and if price will cross 0.6 level then it will be good candidate for long.