Stock was forming consucutive rounding bottoms on chart followed by a big rounding bottom on weekly chart and also given breakout around 150 level after that stock easily achieved first target of 197 and ready for nex big move towards second target marked on charts..this is how price action works
Use trailing stop. Once Target 1 is hit, new SL would be : 659.30 Use your own confluences before entering the trade. Trade on your own risk. Follow for more <3
Price action on the Mahindra & Mahindra (M&M) chart has been similar for the last three days. High volume in the first hour of the day followed by cooling off for the rest of day as can be seen on the 15m chart attached. This price action has led to a top wick on the daily candle with higher volume on each day. This is also supported by Bearish Divergence on...
It is clear from these two figures that this method can be used in both trading and investing. I will upload part 2 with more details.
After the rally of the Euro to the upside, it is facing now a consolidation which might lead to a huge drop the downside. Let's wait and see.
dlf current situvation doubled top to 1 hr chart .my advice sell cmp 154 156 lvl stoploss 162 targe 1st 148 2nd target 136 next 15 to 20 trade session come predicted