If good volume; then it can be sold
Strategy Used: Support and Resistance, Price Action, Trendline, MACD, Volume
Sell - 1.334
Stop Loss - 1.342
Take profit - 1.3250
Note: Trade at your own risk; this is just an analysis.
👑 Terms used if you don't know :
✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa...
👑 Drop a follow here: @Averoy_Apoorv_Analysis 👑 ----------------------- 🔥🔥 Target: 2000 Followers 🔥🔥
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money,...
Stock analyzed: NALCO
Just a trade review :) Already analyzed on my page
1:1 Risk reward done in a day, sometimes the market is more kind than other days, 70 to 90% of partial profit can be booked here
(30 % to 10% invested amount should be held with a trailing SL of price bought at
Happy trading and don't forget to follow