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Support and Resistance

doji it may now take support around 138 i am analysing the price action in the range it has formed now. series of pinbars at the bottom of the range of 130 and then 14% gain in two days followed by two days price running around that price forming pin bars and then third day collapse like building to the bottom and 4 days of price recovery at the bottom and again 14 % of s gain, if someone would have played this range, omnne could have made 45% of money in two weeks, isn,t interesting play? i feel the play starts from 138 to next range of 157. if you are intellingent or know tactics to buy at the lower range and play for the next range then you can make money. on weekly chart it has moved away from the trendline so praobably to catch up with the weekly trendline the play will be on for the next range, this play may not be as swift as the one you have seen. watch out for the price action, i will update my observations
NSE:BANKBARODAEducation
by nalinakshi
NIFTY's View Nifty has formed Broadening Formations : Right-Angled and Descending . After touching the lower line 3rd time it was moving up gave an impression to touch the other side of pattern but again it has reversed and continued in the prevailing down direction. Statistically this partial rise mostly predicts the direction of the breakout which is down in this case, however demand may emerge in price zone of 10145 - 10095. If that fails to provide support we may witness free fall till 9700 as there is no significant support in this zone.
NSE:NIFTYEducation
by praveen.bhatiya
WAITING FOR USD/CAD BREAKOUT (BULLISH OR BEARISH)SHORT TIME MAKE GOOD PROFIT PLEASE KEEP AND WATCH... Disclaimer: The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation. I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Education
by sakthideva
How to trade Range/Channel One of the pattern that occurs very often is the range. One can trade it easily this formation using only price action without any help from indicators or other studies. Whenever the price breaks out of the range in either direction we can look for entry into the trade. There are 3 ways to enter marked in the chart. 1. Enter on the breakout. 2, Enter on the pull back to the breakout level. 3. Enter after the pull back or retest of the breakout level is over. We need to keep in mind the fact that breakout attempts to fail quite often so entering on breakout of the level has its own risks. Entry at pull Back after successful breakout is better but it does not happen always. One can also enter on break of swing pivots. Please practice and post your charts as comment. Practice only would train your eyes to recognize it.
NSE:HDILEducation
by praveen.bhatiya
2
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
Anticipate the Breakouts: Time-Volume-Momentum RelationshipHi fellow Thanks for your response to my last post in which we discussed what happens after a breakout. In this post we will discuss better ways to anticipate a breakout. Although the types discussed are ideal that doesn't mean they are not possible in real time. That's why I have been posting some examples. However, anticipating a breakout does not mean that it will surely happen and you would end up in profit. That's the harsh part of trading and we should accept it. The least we can do is to have a plan and execution of that plan. These types of breakouts are common on lower time frame charts. But if and when they occur in larger time frame, their magnitude and effect multiplies. Rest of the notes are on the chart. Have fun. Your likes are the only motivation to post better analysis in future. Trade safe, stay healthy Best Regards Afraidtotrade
NSE:NIFTYEducation
by Bravetotrade
23
Glenmark Analysis !!Glenmark is showing some weakness. Let's discuss about the stock direction in coming weeks. there are two simple cases. First - If you follow the straight horizontal lines support theory then stock is currently sitting on it support levels. ( Price on the day of writing) In this case we could see long term up side movement. Targets not providing intentionally. Second - If Stock could break these levels then it will visit the second support levels soon. The target would be 832 then. Comment out and let me know what you think as per your study.
NSE:GLENMARKEducation
by Shashi_Y
2