NMDC 30% MOVE CAPTURED | PRICE ACTION | PRACTICE AND PATIENCEHi Friends,
Wanted to share this learning of SIMPLE PRICE ACTION Techniques that once practiced with patience yields results !!!
#FANOFTRIANGLES
#PRICEACTION
#SWINGANDPOSITIONAL
PRICE ACTION USED
BREAKOUT FROM DESCENDING TRIANGLE IN DAILY
RETEST IN DAILY FORMING SUPPORT
BREAKOUT AND RETEST IN HOURLY FORMING SUPPORT
ENTRY
Thanks For Your Time. Feel free to reach out to me for any queries. Join me as I teach and impart my learnings on my channel..
Swingtrading
Long/Short Swing Trading On Basis of Market Behaviour Swing Trading in the current Market:
1) Buy Zone: Here we can make the fresh position on confirmation of reversal from support.
2) Sell Zone: Here we can either book our long side profit or make new short position after confirmation near the resistance level.
3) Breadown Zone: When the market gives a breakdown of this parallel channel then possible strong bearish move in the market. After this breakdown, we can exit all long position and make a new fresh short position for a new low.
4) Breakout zone: If market trading above this parallel channel then expected strong bullish movement in the market for new heigh so we can exit from all short side position after the breakout. Also, We can find new breakout in stocks for the long side.
what type of trader🕵️♀️ are you ?✨SCALPING TRADER :>
The main advantage of scalping is the ability to gain profit from small price changes within the shortest time frame possible, which is often amplified by a larger position size. This is an intra-day type of trading which means that positions are closed before the end of the trading day or session
✨DAY TRADER :>
A day trader buys and subsequently sells financial instruments within the same trading day, which means all the positions that he creates are closed on the same trading day. Due to the short-term nature of day trading, there is less risk involved in it as there’s no risk of something happening overnight to cause a big loss.
✨SWING TRADER :>
Swing Trading is a strategy that focuses on taking smaller gains in short term trends and cutting losses quicker. The gains might be smaller, but done consistently over time they can compound into excellent annual returns. Swing Trading positions are usually held a few days to a couple of weeks, but can be held longer.
disclaimer - personal view
Educational Swing trade in hindsight - not a future trade.Made swing low of 875 - 1108. Draw Fibonacci levels from swing high to swing low. Made shooting star price pattern (14th July) and bullish hammer (10th august) near Fibonacci 61 percent levels. Entry could have been in buy zone and target as near term resistance (1071) and Stop loss at swing low (875). 10 percent gain in a month could have been achieved.
COALINDIA - AMAZING BREAKOUT #INTRADAYLast week, I had posted charts of COALINDIA forming a descending channel and also predicted a breakout in the coming days.
Here it is, this may not be like a 5-10% trade or something. But a 2% is enough for intraday.
The trade involved no risk and very easy to spot as the volume rocket from 100k to 2.9M as the breakout happened.
This was to show the power of PRICE ACTION TRADING .
And people looking for SWING oppurtunity can zoom out the chart and see a trend line @ 141 which can be set as target.
Entry - After a clear trend after retracement
Exit - Trend line @ 141
Stop - 129 (or according to your risk profile)
Thank You
Have a nice day!!
Titan Wolfe wave studyIn terms of swings,
When point 2 is above 1
3 is below 1, and price reverses from 4,
connecting 1 to 3 and extending - creates possible support line
connecting 1 to 4 and extending - creates possible target line.
Price bounces from support line (point 5) and tries to touch the target line.
We should start plotting only after point 4 is clearly evident.
ICICI Bank ( BULLS Vs BEARS ) Daily ChartAs per daily chart in ICICI BANK Bears phase cycle is on swing with the negative impact of both Fundamentally on sector wise and as well as Technically. But as Fight Continue from Swing high of 307 Bears Attacked on Bulls with Three Consecutive Drag down Round upto 295 levels and Bears have More Power to Beat Bulls to the level 276.50 and more below 262 Levels as Gaps can be Closed below that LEVEL
Please Like, Comment and Share your Views
Thank you GOD Bless You
Sachin Ghodke