NSE:PEL
(FOR LEARNING PURPOSE ONLY)
1) Phase 1 (Accumulation) Completed
2) In the midst of Phase 2 (Mark up)
>> We can see expanding volume when price moves up and contracting volume when price retraces
ENTRY
BUY WHEN PRICE RETRACES BACK TO HL
TARGETS
TG1 - 1600
TG2 - 1900
NSE:BANKNIFTY
(FOR LEARANING PURPOSE ONLY)
If price opens above CPR & forms a BULLISH opening range ,go long with Target 23420
if price opens below CPR & forms a BEARISH opening range ,go short with Target 22400
FX:EURUSD
(FOR LEARNING PURPOSE ONLY)
Clearly we can see expanding volume whenever the price moves up & declining volume on down move
But in most recent up move (inside channel),price increasing on declining volume
Considering the volume pattern,the resistance zone becomes crucial .
If price holds on to the resistance and moves down,if volume...
NSE:PEL
(FOR LEARNING PURPOSE)
Price Increasing on contracting volume
Possible Retrace down could happen before rallying up
Entry for Short - MARKET
Target - 1300
Entry for Long - BUY WHEN PRICE RETRACES TO 1300 ( ON VOLUME CONFIRMATION)
Target - 1630
D link which is currently near a fibo support suspected showing stopping volumes.
Conservative longs
Buy above 92
SL 70
Tgt 106/124/ and more
Aggressive longs
Near 80 ( on reversal signs in min 1 hr clbs)
SL 70
Tgt 106/124/ and more
