Everything explained on the chart.
Explained everything on the chart. Reaons for buy 1- Sell momentum Slowing down 2- Divergence 3- Trendline Break 4- Bounced from Support 5- First HH
Bharat forge broke the support zone in daily timeframe and sellers are controlling the market below support zone till now, We need to wait for any price action sell signal to go short, Don't take trade too early.
This is a very good structure of early trend continuation, Try to learn who is controlling the market buyer or seller, price action is not only candlestick patterns there is much more.
Explain everything on chart, just wait for price to come near 50 or 61.8 fib level.
ITC trading in the range whole may month but finally we got the breakout to downside,Now wait for sell signal. reasons to sell:- 1- LL LH formation 2- trendline Break 3- Support Break 4- Price can not make HH after Divergence.
KOTAKBANK broke the up trendline and we can see price clearly break near support, now we need clear signal to go short but do not enter before confirm sell signal because Actual trend is up,So we take trade on A+ setup only otherwise we will not take this trade. Reasons to short:- 1- Trendline Break 2- Divergence Signal 3- Support Break.
We can see clear selling momentum from top,Now we need only price action sell setup to enter,Do not enter early wait for perfect sell signal.For understand and learn how to find or identify perfect entry setups you need to spend more time on chart to become expert.
YESBANK trading in sell zone with LL LH formation,If we see any sell signal below support zone we will look for sell but if price break the upper trendline and price start making HH HL then we look for buy.
NZDCAD broke the resistance zone and trading above the zone its good to buy
ADANIPORT already broke the support zone and trendline with momentum, so this is very good sign for technical trader,For entering into trade we need a price action sell signal.
CHFJPY break the near resistance and holding by buyer its not very good setup but we can take with very small sl if we right will get very good RRR.
HEROMOTOCOP broke the support and trading in consolidation phase,We can see good selling after consolidation.
NZDCHF broke the support with momentum and trendline also break, we can see some good selling from now but always wait for confirm Entry,Do not trade blindly,Do your own research.
LOOK IN THE CHART...
trendline breakout happens in HIND COPPER, with 66 as stop loss we can go long . target 1 - 80Rs target 2 - 88Rs
There is double bottom and RSI divergence seen on the chart. Currently a short term trendline is broken on the upside. Some pullback might be seen for retest. If this Bat plays, we may get 348 and 360 on this stock. Technically the bat will be active above 344. This idea is aggressive, proactive and involves risks so apply your own due diligence before...