Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...
GAIL is broadly moving in the range between 125 TO 149
But presently there is a sudden down move from 149 High..
How to know whether it is part of a corrective move or is it an impulsive move ??
How to know whether the present down move from 149 is an impulsive move or a corrective move ??
To know that we have to check the previous upmove from 125 TO 149
If...
Here we see price be the alligator's mouth.
Awesome Oscillator also below 0 and forming continuous red signals.
Also Nifty showing sell signals, and Nifty Energy also in a downward trend.
Therefore, a good shorting opportunity.
Placing the sell order 1 tick below the last fractal low i.e 126,
hence keeping the trigger at 126 with 125.95 as the price.
The stock has made healthy retracement and have now it’s resting on the Kumo. Today’s price action was quite convincing to re-establish the buyers into the stock. The RSI is taking support on the bullish extreme levels with MACD curling up indicating momentum is picking up. If ONCG gets overall support from Nifty, the stock is expected to pull up strongly from...
