Wait And Watch ?? Look for Low risk, High reward, and High Probability setups- Things to Remember while Trading with the Trend 1. Know what the trend is. 2. The best trades are made in the direction of the trend. 3. Assume that the main trend line or moving average will hold. 4. The longer the moving average is, the better it defines the trend. 5. Wait...
It has been observed that the price action is trending upside with short correction after every upward move. Now, the current short correction seems to be over with the current breakout. T1- 64 T2- 66 SL- 60
Once the support line is breaken down,support is converted as resistance and we may go for shortsell as they will be strong patter breakdown. Depending on tomorrow market movement take the decision.
It is been observed on the daily chart that the price action firstly breaks the resistance zone and now taken support on it. Now, it shall further move up from the current levels to continue the previous uptrend. The price action is at low risk, high reward situation. Target 1: 62 Target 2: 65 Stoploss: 58
IDFC has formed weekly out side bar and given uptrend and retrace up to 61% buy this with tgt of 61.5 (200ema) enjoy