Cyber MondayUp to 80% OFF

Support and Resistance

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