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Uptrend

How to Trade A Range and Potential BreakoutHello Traders, All of us want the price action to follow our direction of trade but that doesn't happen always. The price action has a natural tendency to move up and down; build ranges and develop patterns. Most of the ranges and patterns are like whipsaws and many traders stuck in these situations and lose money. The most effective ways to deal with such a price action is patience and a better strategy. When I say better strategy that means the one which keeps you ahead of the others. In this backdrop, I have tried to spot better entry points in case the price action builds a range after a nice up move and we are visualizing a potential breakout. Entry at these spots doesn't guarantee sure win but minimize our risk and increase the chances of reward. After an entry, stops can be placed below the range or below the prior swing low -- whichever suits the situation. Same strategy can be applied, in opposite direction, in case the overall trend is down and we visualize a potential breakdown after a range. Notes on the chart. Hit like for better educational publications in future. Comments are welcomed. Trade safe. Best Regards Bravetotrade
NSE:NIFTYEducation
by Bravetotrade
8
JAYSREETEA - HIGHER TOP HIGHER BOTTOM PATTERNTECHNICAL -It is been observed on the WEAKLY chart that the stock is forming continuous higher top higher bottom and with a uptrend line and a triangular pattern which can breakout soon, but a MULTI YEAR resistance @120. FUNDAMENTALS -Rise in tea prices will led to higher margins and profits, with passing of GST TEA & coffee sector is going to get a huge benefits can also led to rerating further in the stock. BUT IT WILL TAKE SOME TIME . Target:118( Short term) Stoploss: 97 (Closing Basis) Target:180 (Medium term) Stoploss : 97(weakly closing)
NSE:JAYSREETEALong
by ms555
5 Days EMA crossing 50 Days EMA with Bullish bollinger Band ExpaHDIL stock is making a bullish move from range of 75-80 to the upper range of 90-95 in weekly charts... 5 days EMA is crossing 50 Days EMA from below with an expansion of bollinger band which is supposed to be very bullish move.. and RSI is around 60.... 80 to 81 is a good buying range with a Stop Loss of 77-78 and further targets would be 90-95... In monthly charts there is a 50 days EMA in the range of 90-95 which could act as a strong resistance so booking profit below the EMA would be good ..... Please Like, Follow and comment your views too.. :)
NSE:HDILLong
by MrAkshatP
1
Educational 03: How To Trade Channels (Part I: Uptrend)This is the third education series on Channel (link of Educational 01 and Educational 02 given below), In this educational post, I cover up points that provide trades opportunity in a trending channel. Steps To Follow: Step 1: Connect Two Higher High Points to Draw a Trendline Step 2: Connect Higher Lows points, take a buy call Step 3: Buy at pullback with additional indicators Step 4: Sell at 3rd touch point of Higher High with additional indicators Confirmation I shall be sharing the examples on part 1 in next series. What's Next: Live Examples of Uptrend Trade Channel Purpose: To educate retail traders like us in order to build confidence in their trading and make inform decisions and become profitable trader in long run. I WOULD APPRECIATE IF YOU COULD SHARE YOUR CHANNEL DRAWINGS IN COMMENT BELOW SO THAT I WOULD BE SURE THAT YOU FOLLOW WHAT IS BEEN POSTED AND WILL SET ME UP TO PROVIDE GREATER DETAILS IN NEXT ONE Thanks for your support, Best Regards, Neetesh
by NeeteshJain
6