SunTV has made Ascending Triangle Pattern , Look for trading opportunity on either side.
Entry : Long Abv: 630 <=> Short Blw : Yellow Trendline
Stoploss : 3% (Closing Basis)
Basic Target: 10%
Optional ways : Derivatives can used as Script is Highly volatile .
if you have any queries regarding above idea or any other stock feel free to D'M
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When structure changes we have to change our views , we ware expecting it to move faster up side , but its not moving as per our forecast and its confirming an alternate view which we have seen in previous history , that some time this kind structures can brake strongly and can start moving down ward fast
Look for sell opportunity once it brakes the structure...
Price action always gives up to date information. The interpretation of price is an art and not an easy task.
Adding a method to support one’s strategy, and an analysis which has more predictive value, could be very useful.
A proper divergence is only present when the histograms indicating momentum have retraced back to the zero line.
Two subsequent lows or...
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...