TORNTPHARM trade ideas
TORNTPHARMA, Idea for Profit 30-March 2020Pattern : Trend line breakout
Buy above : 1895
Always follow risk management while trading. Saving capital is more important than profits.
Kindly join me for more price action based charts for learning. I regularly post many intraday calls along with charts and logic behind them to help new traders learn true potential of price action trading. Reach out for more details.
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Regards
Piyush Gupta
Short sell ( Continuation Pattern ) This i am looking will have few day consolidation before heading for one more move , Look for short sell set up and book near the forecast
Intraday Setup Torrent Pharma !!Follow Chart Instruction.
Take Entry at given level if comes.
Risk Reward 7-10 times.
Key To Successful Trading Methods Using Wave Theory Friends things you need to know before you begin with Trading With the Principle of wave trading which i call them as
" High Confidence Trading Methods "
The Key to success can come with proper knowledge , Proper understanding the Key methods,
there is always a constant worry among the traders about the trades once they begin in active trades and they constantly in the pressure about what to do when it makes
noise in the price behavior, some time when trade is in profits they get out in fear that it might encounter an pause or reversal and they miss the next beautiful move what
they originally forecasted during the entering the trade , believe me it did with me also when i started trading at 1st place , i had to undergo lots of the same
series of psychological stages all of you are going through or already went , it takes an tole on our life some time ,
by learning the wave principle you will get an level of understanding where you are in the trend , where is your risk and what you should expect next
having an edge of knowing how things will move before your trade actually take place , is an Grate advantage trading with high level of Confidence
things you need to learn when you want to become successful trader
01) How to improve your trading prospective using the wave principle
02) Which waves are considered for trading high confidence trade
03) How does the actual trade set up is ? and why it is safe !
04) Entry points and Protective stops , why those protective stops are valid logically ?
05) Trade Target , Extension of trade target , Trailing of the stop
I am starting an Course Called Ultimate signature for all kind of traders who trade in F & O , those who are interested can PM i will reach them shortly
Regarding this trade i have selected an bar reprint tool form Trading view tools section and i have copied an possible up move , and pasted it , You can expect the move in the same passion , one can look for trading after completing this brief move down as 3 wave theme
Good luck
TORNTPHARM Inside Bar TradeLong 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 in first 5 minutes and follow ORB strategy.
