When the price formed left shoulder it had enough buying power at that time.
Thus, it can be speculated that if there is no buying power, the price has rejected a lot of times to break the resistance of right shoulder.
Find shorting opportunities, even many scripts are looking bearish at this point.
Remember, to prove the point that trading is not gambling you need to understand that to prove certain points, you must have solutions ready with you.
In this field, particularly in the example posted above, you can observe that there are several confluences you can spot to gobearish on the fno and earn handsome percentage aka points. Money is secondary.
The price was giving higher highs with bearish momentum.
finally the price was a doji to indicated the downfall.
the other day broke the initital lower support and closed below it
the next day, the low of the above mentioned candle opened our trade and a sweet fall towards downside is observed.
ESCORTS has a renewed interest in FNO with twice the volumes. However since NIFTY can be sideways, I will be taking ESCORTS in CASH Market NOT FNO.
Buy @ 665.5
Stop-Loss @ 645
Target @ 754
Please consult your financial adviser before investing
"Mirc Electronic" looks positive in Daily chart with forming Higher High's and Higher Low's. According to that the prices are having bull run. Now, going to Intraday 1 hour chart we can see that there is a Trend Line support at current market price indicating that prices may recover from current levels. Adding to that we, Secondly, Usage of Fib Retracement of very...
NIFTY seems to be following in Channel as shown in Chart, Similarly if you see on RSI similar to trading range there is expanding triangle and recent fall was with higher velocity which brought RSI to over sold zone. So I believe there will be this final up trend rally in NIFTY before we can witness a healthy correction. This Rally should also be as swift as the...
I was looking solar stock for long term investment (10 year-20 year)
this is my first test of such long term plan.
long at 53( 7% portfolio weight)
will add more: 80,100,110 and see the fruits if remain in play for long term.
this is my plan i am committed to execute its strictly.