Volume vs. Price Action:
Points to be focus on:
Gap (run away type)
Invalid Doji (from the left to right Doji is invalid because of low volume compare to previous candle)
sequence of tails (sign of existence negativeness)
Interruption began to push price upward.
Red Alert : sellers will take action on the Red Alert zone 1542 to 1490,...
this pair is making a pennant pattern , when we look at the daily chart , the price has tendency to go up , if we get a breakout of this pattern we can take an entry in buy side , if this broke down , it is invalid setup for me
for couple of days , btcusd is going in a straight upward direction , now it is forming a pennant type of pattern, if it break upside , it will be a great buy opportunity for me , if it break down , it will be invalid for me
CADCHF is rallying towards a major buy zone , although the rally is very strong , but that level is strong too , if the price reacts and creates a pattern like engulfing , pinbar , hammer - we can take a entry , with a minimum 1 : 4 risk reward ratio
LAST WEEK I SHARED THE SAME SETUP OF DAILY CHART , PRICE IS HOVERING IN YELLOW CIRCLE.ONE WHITE COLOR SUPPRT LINE IS INTACT. A UPWARD SLOPING CHANNEL IN GRREN COLOR IS INTACT. TILL PRICE REMAIN IN THIS CHANNEL NIFTY IS SUPPOSED TO MOVE UP SIDE. IN ANY CASE I F GREEN CHANNEL IS BREACHED THEN LONG POSITIONS FOR THIME BEING SHULD BE SURRENDERED. ON THE CONTARY ONE...
There is lot of twists herein:
By the looking left to right , while breaking out the price Congestion we have seen Invalid breakout in price. That why price suddenly fall.
Bullish forget of 3 candles was completely perfec t but, again we have seen valid heavy volume candle ...! Something is cooking in this stock.
Let look more closer to the 4hrs...
Before the trade, kindly use the rule of margin management for risk.
“There are a number of different types of techniques , and strategies but I used my own and mix research"
I hope you all are enjoying. Everything is plotted on the chart,... LIKE and Comment please .
BPCL
In our previous coverage on BPCL when the price was at 272 we had given a view that chart set up suggests upside movement towards 306 / 332
At current levels the stock has resistance at 366 / 385 odd levels
One may consider selling BPCL 380 Call option
between 10-12
The strategy has in built protection against loss for a rise up to 390-392 in...
Tails are important for this stock to trade.
Suppose to trade tomorrow 285 above, then buy and hold ( Friday )
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Tatasteel TimeCycle and Parallel downward channel.
The price is trading at value low which is better to buy.
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tail...
AMD, analise do dia 20/04 esperava chegar no fim da perna C em 3 dias, porem, em apenas um dia chegou neste ponto.
Aberto para começar a uma nova alta e buscar o patamar de 261.80% nível do Fibonacci.
