AB is a Range confirmed by pivots 'CDEF'. As HTF bias is to the upside the price is likely to break the range resistance and continue to move up. Green line: represents rejection or unacceptance of break of range boundaries Orange line: represents acceptance of break of range boundaries Trades can be taken one the pullbacks.
Range break on upside Long Entry - 24220 Target - 24375 Stop loss - 24110 Range break on downside Short Entry - 24030 Target - 23880 Stop loss - 24110
AB is the Range confirmed by CDEF pivots. E and F are just the push backs as they are not broken yet and hence counts as pivots inside range boundary. However when E or F is broken below are the expected scenarios . Scenario 1 : Acceptance - Orange arrows Break and Acceptance of 'E' will give a Long setup Break and Acceptance of 'F' will give a Short setup...
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...
Decide as per your need. For daytrader buy above 1915 Sl-1880. Target- 1935 1955 1975.
I did apply the same strategy on 1H chart. Those who followed would have made nice profit. If this strategy works on the 4H chart, the profits could be even better. Manage your trades well. Notes on the chart. Hit Like Trade Safe Thanks Bravetotrade
i) Nifty getting out of this range decides the Game ii) An upside break can be false one in all probabilities iii) Downside breakout will gives a complete Ranging market
Raymond chart was bullish for last few days & closed a bit above the previous high's of 810's. There are many aspects one can interpret this chart above : i) The ranging candle can be considered as Flag or Triangle depending on how you draw your lines & Not to worry, both are fine. ii) If you don't trade simple patterns, then you can consider this as simple...
Everything in chart. Do your own analysis, trade with caution.
Hello Traders, What I see in this 15min. chart is a Triangle; a bullish Channel; and A Range. There could be 2 possible scenarios: Scenario 1 >> The bulls are strong in the opening and market opens with gap up or trades above 9930. In this case simply observing the market behavior on pullback/retest of the 9922-9930 area might give an opportunity for a confirmed...
Vedanta on formation of Range and waiting for breakout. Price and Indicators are indicating Neutral trend so need to wait for confirmation on which side will break. Trade Long: Buy above - 263.50 Target 1 - 268 Target 2 - 275 Stop loss - 257 Trade Short: Short below - 257 Target 1 - 250 Target 2 - 253 Stop loss - 263.550
We can say that the stock has been trading in a range (between 920 to 970) since June. A bearish channel can also be seen to have been broken for a bullish break yesterday. But the 970 level has been acting as a tough resistance for the stock . This time too the stock tested it and retraced. Only the future price action will show whether the reaction would be as...
i) There is inner range breakout 15mins available, if it breaks to downside, huge potential trade & instead if it breaks up it can turn out to be false breakout, as this will be early break on 1hr range. ii) Either you can wait for the 1hr range to complete as per the lines, may take 2-3days also & Enter the hourly breakout iii) If aggressive, entering...
Nope... Before you go there, that I repeated yesterday;s chart, it's not. This is new pattern emerged by yesterday session & in bigger way. On Right entry point, the targets would be around 9630's in Nifty. As we are forming a kind of triangle pattern ( though some might not want to call it so ), we are nearing the consolidation completion. At the same time we...
Though I do Intraday Nifty, I'm not going to take any positions for 2 days even if it's scalping 20-30 points. Nifty will be ranging & wicks striking out (possibility) there may be couple of losing trades can happen in scalping. So why bother so much for scalping...I feel it will neither cross 9690's or 9650's, so better Declare Leave & watch the show, thats what...
Go long after breakout with high volume and MACD crossover. Target is height of the range. Targets and SL in chart.
Go long at after range breakout for given target. Indicators look good. Also price is supported at 100 DEMA apart from the given support lines as well.