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Range

UDSWTI - Range TradingAB 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 Scenario 2 : Unacceptance - Green arrows Break and Unacceptance of 'E' will give a Short setup Break and Unacceptance of 'F' will give a Long setup Scenarios marked on the chart are Simple pullback price movement pattern, but price could also turn into Complex pullback. However Bias remain same in both case. Note: The decision to enter a Long or Short based on Acceptance or Unacceptance will be done only after the priceaction observation post break of Swings 'E' and 'F'.
FX_IDC:USDWTI
by Sanj_ana
Raymond : The Complete Man !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 pullback to retest 810's, so on Reversal confirmation go for long trades, if its in your plan If you go for hourly timeframe, you can see more of ranging market in Raymond which awaits a breakout & the downside breakout : lets not play with it. So if only the upside bullish momentum is seen, we get long in Raymond. Happy Trading !
NSE:RAYMONDLong
by InsiderB
2
Nifty: Mondee TradeHello 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 entry with low RRRatio. Its better to wait for any bullish signal that one follows. On the other hand, the Pullback may extend in case bears take control, in this case scenario 2 can be followed. Scenario 2 >> The bears are strong in the opening, market trades below 9922 and trickles down. In that case 8960-8990 zone ( although its a wide zone yet it is what it is) could provide a necessary support to push the market higher. The basic strategy in this case would be to buy the low -- by 'buy the low' I mean any bullish signal near (or into the support zone) the common base of channel and triangle. Again the idea would be to get better RRRatio. The above two are the bullish scenarios and will work as long as market holds above 9838. Decisive closing and continuation below this point could be a different story. Hit like if you think this information can be useful. Trade safe, stay healthy and happy weekend. Best Regards Bravetotrade Important Note: Looking at the present chart, my following educational posts can help in Monday trade. So plz. have a look. Links for broader weekly and monthly views on the market are too left in the comment section.
NSE:NIFTYLong
by Bravetotrade
4
How to Trade A Range and Potential BreakoutHello Traders, All of us want the price action to follow our direction of trade but that doesn't happen always. The price action has a natural tendency to move up and down; build ranges and develop patterns. Most of the ranges and patterns are like whipsaws and many traders stuck in these situations and lose money. The most effective ways to deal with such a price action is patience and a better strategy. When I say better strategy that means the one which keeps you ahead of the others. In this backdrop, I have tried to spot better entry points in case the price action builds a range after a nice up move and we are visualizing a potential breakout. Entry at these spots doesn't guarantee sure win but minimize our risk and increase the chances of reward. After an entry, stops can be placed below the range or below the prior swing low -- whichever suits the situation. Same strategy can be applied, in opposite direction, in case the overall trend is down and we visualize a potential breakdown after a range. Notes on the chart. Hit like for better educational publications in future. Comments are welcomed. Trade safe. Best Regards Bravetotrade
NSE:NIFTYEducation
by Bravetotrade
8
Infy: The Big Triangle and the RangeWe 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 seviour as it has been in the past. The stock may retrace upto 940-945 zone (already touched 945) where it may find some support and may head back to 970 level. But if 940 is not sustained it may retest the base of the range and triangle @ 920-918 zone. On the upside, a sharper move can be expected beyond 970. Trade safe, stay healthy Hit like if this information was useful. Best regards Afraidtotrade
NSE:INFY
by Bravetotrade
6
Bharat Financial : Trying to get Numbers Right !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 breakout direction in 15mins & reversing the trade on failure will be ideal So it depends on what you wish to do.
B
by InsiderB
9
Nifty : Patterns Just Getting Bigger !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 have harmonic within triangle, so basically we are looking at targets of 9630's which is well within the triangle. Unless, the upper trendline or lower support breaks , Nifty will be in range for the Day. ~ & The Name is InsiderB
NSE:NIFTY
by InsiderB
5
Nifty : Bull-Bear fight arena...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 I have decided for Nifty. But that's not applicable for stocks. Only if there is violation of any of the zones mentioned above we will have interest in trading Nifty over next 2 days, else stay relaxed :)
NSE:NIFTY
by InsiderB
4
Nifty : What if Prediction Fails ?!There can be may reasons given out for the fall yesterday, Guys, we expected 100 points relief to downside on wednesday & whatever form it comes, thats fine. But what's important is the candle formation on week, kind of indecisive one between , potential shooting star, that's fine bcos candle formations doesn't confirm reversals 100%. May be we will be running without any direction between this 9300's to 9500's zone, if lucky we may get that Head & shoulder's pattern over next 2-3 trading days. If everything happens as expected We are right about Nifty. Everything fine till now, what if any of those didn't happen ? What if our predictions are wrong ? Ha ha nothing will happen, it just means Markets intended to do something else better than our prediction & I'm wrong in My analysis, Not We :) & When I'm so wrong, it makes people so happy & elated & they start early weekend celebrations. If failure of My Charts makes people happy, oh yes... I will chart & keep them happy always :) Happy Friday , Let's have early weekend :)
NSE:NIFTY
by InsiderB
30