Stock analysis on BEL:The price movement is currently in the bullish form.
At present there is a price rotation in the stock.
The stock movement is very slow.
The stock still can move down till 86.29
Overall the stock is in the bullish form.
Pricerotation
WIPRO trading decisions based on the areas in a chart.The price is moving near the support line.
The small channel where the price rotation is moving.
There is no trading activity is the middle of the stock.
Investor have good chances for investing as price has move to higher low and mainly at support.
If there isn’t a strong increase in volume the move may be unsustainable with price
Price ROTATION on PVR> The cheapest rate for invstors already was mentioned by me. I am still stand good if price move border of price will give you trade.
I am calling this as a PRICE ROTATION. Both levels are important to create a trade setup.
In the last researched, i have give buy sign on this stock which was achieved on same day but now we are on price rotation. if breakdonw will create heavy selling.
The price rotating while volume is increasing...The " price rotating " while volume is increasing that will result you big and surge move in single direction .
70% chance is break up and made new high because of above statement. I don't suggest taking any action in this type of uncertain case .
Our First target has been achieved of short position :
Real-World example of Price ROTATION trade and accurencyKeep your stop loss Outside of a penetration area.
The trade will execute after breaking up/down will give you the direction of trade.
Following points should be observed before entering to trade.
1) Volume should increase from the normal range of it.
2) The volume with the price. For insta nce , if down-breakout, price fall with raising volume will favor of your trade direction.
3) Take price when price heavy surge in volume, because of most of the trader book the profit at that time.
4) Read price but not news or other talks.
5) etc.
If you want to get UPDATE/ALERT when a breakout, LIKE this post.
