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Rangetrading

Britannia trade analysis & opportunities Price after a big up trend breaking 2 years resistance now trading in range market / consolidation. If breaks 4000 then once again a big uptrend is possible. But one can trade this script when the price touches the channel bottom. Recently price touched 3600 range and went up to the channel 3900, in this trade one would have made 300 points with simple price action. 2 chances to initiate a trade. Either wait for 4000 cross or buy on channel bottom considering it as support level.
NSE:BRITANNIAEducation
by Tradersasi23
Nifty: In A Range. Will It Break?Hi I think market is at a crucial juncture so there is need to do some analysis. Market has been in a very choppy range for the last week or so. The minor trends in this range were down as market has been making lower highs and lower lows. What if this downtrend continuous? Market has tested an important 50 % retracement level of 10856 on Friday. If market breaks this level decisively, I ll be looking for 10643-10700 zone as my target for next week. What are the chances of a bounce back? Markets are oversold on higher timeframes. It has touched an important 50% retracement level also. So probability for a bounce back can't be neglected. But when will we take the long trade in case of bounceback? Let the market first break lower lows-- lower highs structure. For that it ll have to show strength beyond 11035 level. There could be a breakout long entry or the pullback entry depending on ones' trading style. What targets to expect on upside? First 11136-11200 zone and then 11285-11306 zone. I hope this analysis will help some traders in making better decisions for next week. Regards
NSE:NIFTYEducation
by Bravetotrade
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
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