Classic definition of a bull market is the market having a structure representing higher lows and higher highs . But when the market breaches a significant swing low, it also breaks the bull market structure.
Why are Swing Lows important?
While most of the long to medium term smart bulls enter at swing lows, many swing traders and medium to long term investors...
Price action formed a bullish Gartley pattern on Hindalco Hourly chart.
Trade levels as follows.
AREA OF INTEREST: 191.3 - 190.3 ( PRZ)
TARGET 1 : 197.5 ( 38.2%)
TARGET 2 : 201.3 ( 61.8%)
STOP : 182.8
Please implement your own due diligence prior to entering the market.
Trade with Care
A potential bullish bat is near its D leg completion & it may be a good candidate for next week for swing long trade.
Trade levels highlighted on chart.
let the price hit Potential reversal zone (PRZ), watch price action on lower time frame before go long.
Trade with care
Enter the direction of breakout , usually rising wedges breakout to downside, but lets see. The advantage of anyside breakout trader and not guessing direction is , you can make money on anyside even if one side ( false break ) happens.
Hi! I trade NSE stocks using Demand and Supply zone strategy, mostly in Weekly time frame.
Here's a trading plan for DHFL
Weekly location: Equilibrium
Daily trend: Up (Let's go long)
Hourly zones: Demand zone marked on chart
Trade duration (max): 1 week
Note: Target, Entry and SL on chart
I have spotted Bullish BAT pattern on NTPC. Potential Reversal Zone (PRZ) is highlighted on the chart. This time, we have little wide PRZ. It is made of 1.27AB, 0.886XA and BC Fibonacci ratio confluence. Once price enters into the PRZ, one can take a long entry. This potential swing trade has a risk/reward ratio of 1:1.4 for Target-1 and 1:2.3 for...
It is been observed on the hourly chart that the price action making a higher highs and higher lows, indicating further up move ahead. It is also observed that the price action may reach out to the gap zone to fill up the Gap.
Target 1: 61
Target 2: 63
The stock is having good frequency around Pitchfork and trend line. One can enter long here or on dips with stop loss of 1210 on closing basis for a target of 1315/1345. I know it is making lower low and lower high clearly in downtrend but trading a pull back expectation. It may achieve target fast in coming days. Divergence are also supporting the idea even if it...