potential shorting candidate below 635,with a stoploss at 640
inverted cup and handle formation..potential targets mentioned on the chart
Need to keep a few shorts ready for the current market conditions..
I am not afraid of losing a trade; but I'm afraid of doing a trade without money management. Most probably, most of the time, haphazard money management is what gets us screwed. And, trust me, I have learnt this very hard way. So, here's a perfect 1:2 - Risk:Reward trade on your radar.
CYPHER PATTERN DESCRIPTION:
Basics - XA must be an impulse leg.
1. Point B...
Analysis of the Supply Zone & Demand Zone. Supply & Demand tells us where to enter and exit the trend.
The area marked as " MOST PROBABLE DEMAND ZONE" is fresh and not used before as a demand zone .
The scrip has already formed double bottom & there is possibility of upward Triangle Breakout.
Trade in the direction of trend.
1. Buy at wholesale;...
After breaking out from sideways movement, stock rallied and then retraced 62%, only to rally again to greater highs. Trend following indicators signal long term trend intact. Price Action suggests Doji formation gives a chance to enter since Heiken-Ashi chart shows strong indication of trend continuation. Again, no naked buying, keep stop losses in mind. If you...