Study
SIEMENS - Simple Price actionThought Process - Price has rejected multiple time from its resistance level of 1900 (at which there is a massive open interest of Call Writers), one it holds 1900 levels there can be a good breakout leading the price to its next round level of 2k.
Trade Plan - 50% positions can be initiated now with SL of 50EMA on a closing basis & next 50% when it holds 1900 levels.
Asian paint stock studyI have been studying stocks for the past couple of months (6 months) to be precise, and have been learning different types of chart techniques.
Have been looking at the Asian Paints stock for study purposes and this is something that caught my eye.
If we consider the uptrend that the stock has been doing and, look at the short term downtrend, can this be considered as a breakout?
Please, note that I am not a professional trader, and am looking just for increasing my knowledge before I step into trading.
All comments are welcome.
C, ending Diagonalbulls started rubbing their hooves on ground today. but some bears still want to fight "till death do us apart"!
so long as the 3rd wave move within the ending diagonal is not exceeded, the bulls have chances to take over. the count changes if the move is exceeded then bears are lord of the ring! till then, match is on up to last ball of the game.