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AVADH SUGAR ENERGY (NO INDICATORS - ONLY PRICE ACTION)1) Firstly pretty good channel breakout 2) And successfully Retested the trendline with low sell off candles 3) You can aim for 530 levels for the target (i.e 1:2) and keep your stop loss below the breakout candle. 4) I gave the target levels in this trade. Actually, I don't set the target, I do take exit depending on price-action (and it varies from the person to person's conviction) 5) still if you want to set a target then go with 1:2 or 1:3 risk reward 6) Trade cautiously according to market condition (position sizing and risk management are the key things in the stock market) NOTE: I only use a simple Strategy that always gives superior returns, Don't get carried away with all the complex strategies that are in the market. Complex doesn't necessarily mean good. IF U LIKE MY ANALYSIS GIVE IT A LIKE AND COMMENT IF U HAVE ANY DOUBTS .......
NSE:AVADHSUGARLong
by ONLY_PRICE_ACTION
RHI MAGNESITA INDIA LTD (NO INDICATORS - ONLY PRICE ACTION)1) A simple channel pattern with seven touches at the top and three touches at the bottom. 2) One can after a breakout. 3) And the target always depends on price action, actually I don't set a target, I do take exits depending on price-action (and it varies from person to person's conviction) 4) still if you want to set a target then go with 1:2 or 1:3 risk reward 5) Trade cautiously according to market condition (position sizing and risk management are the key things in the stock market) NOTE: I only use simple Strategies that always give superior returns, Don't get carried away with all the complex strategies that are in the market. Complex doesn't necessarily mean good. IF U LIKE MY ANALYSIS GIVE IT A LIKE AND COMMENT IF U HAVE ANY DOUBTS ....... Trend Analysis Chart Patterns indianstocks indianstockmarket priceaction priceactionanalysis chartpatterns GANECOS ganeshaecosphere
NSE:RHIMLong
by ONLY_PRICE_ACTION
triangle pattern | PELtriangle pattern formation in Piramal Enterprises Ltd. add to watch list for breakout At the start of its formation, the triangle is at its widest point. As the market continues to trade in a sideways pattern, the range of trading narrows and the point of the triangles formed. In its simplest form, the triangle shows losing interest in an issue, both from the buy-side as well as the sell-side : the supply line diminishes to meet the demand. Think of the lower line of the triangle, or lower trendline, as the demand line, which represents support on the chart. At this point, the buyers of the issue outpace the sellers, and the stock's price begins to rise. The supply line is the top line of the triangle and represents the overbought side of the market when investors are going out taking profits with them.
NSE:PEL
by ProfitPicks
IFGL EXPORTS LTD (NO INDICATORS-ONLY PRICE ACTION) 1- Stock has been forming channel pattern and broken with good candle. 2- Almost seven touches at the top and three touches at bottom 3 - successfully retested with respect to my trendline 4- one can enter with stop loss of broken candle low 5- And the target always depends on price action , actually I don't set target, I do take exits depends on priceaction (and it varies to person to person's conviction) 6- still if you want to set a target then go with 1:2 or 1:3 risk reward 7- trade cautiously according to market condition (position sizing and risk management are the key thing in present market condition) NOTE : I only use simple Strategy that always give superior returns, Don't get carried away with all the complex strategies that's in the market. Complex doesn't necessarily mean good.
NSE:IFGLEXPORLong
by ONLY_PRICE_ACTION
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