Pattern name: Bullish Engulfing Pattern Type : Bullish Reversal No. of Candles : 02 How to Identify it ? 1)There must be a preceding Downtrend. 2)A short Red candle followed by a long Green candle. 3)The Green candle should opens lower & closes higher than the Red candle. 4)The Red candle should be completely engulfed by the Green candle. Psychology behind...
ZODIAC CLOTHING : Trading near the resistance in daily The stock looks good above 114 The expected targets are 118 & 125
ADANI PORTS The stock looks good above 751. Wait for the resistance breakout to take entry. The expected targets are 780 & 792
1)Trading in symmetrical triangle. 2)A strong close above 263 is required for the up move. 3)The levels are mentioned in the chart.
NMDC Stock is trading in a resistance trendline. Wait for the resistance breakout to take entry. The stock looks good above 161.50. The expected targets are 167, 172 , 181
Respecting a Trendline in Hourly. Looks good above 357. Wait for the breakout to take entry. Levels are mentioned in the Chart.
Trading breakouts is a most profitable trading strategy that involves buying or selling an asset after a long period of consolidation. Confirming breakouts before jumping into a trade is the key task to become a successful breakout trader. Now lets see about the important key points to consider to confirm such valid breakouts TYPES There are different types...
1) Multiple rejections on daily time frame 2)The stock looks good above 331 3)Sustaining above 331 level may take stock to the heights of 337 & 347
1)Trading in a triangle pattern 2)Can expect a breakout on either sides 3)Go long only after the resistance breakout 4)Levels are mentioned in the chart 5)Trial your profits as per the risk:reward ratio (generally I use 1:3)
What is Breakout Trading ? A breakout is a potential trading opportunity that occurs when a share price moves above a resistance zone or moves below a support zone on increasing volume . For trading breakouts one should be aware of support and resistance . It acts as the backbone of Price Action trading. What is Support & Resistance ? Support is a place...
Trading in a Rectangular channel. Can expect the breakout on both sides. Can go long once it breaks upper side. The height of a box can be taken as a target.
BEDMUTHA (BTST) Wait for the resistance breakout to take entry The stock looks good above 80 The expected targets are 82 85 & 88 Trial your stops as per your risk management
NRAIL 1)Wait for the resistance breakout to take entry. 2)The stock looks good above 272 for intraday 3)candle closing is mandatory for the positional entry 4)Target levels are mentioned in the chart Happy profit making :)
1) Wait for the resistance breakout to take entry. 2) can keep target 1 as 107.50 3) can keep SL as 99
Trading in a Ascending triangle pattern. Wait for the breakout to take entry. The stock looks good above 75 The expected targets are 78 81 & 83
Wait for the resistance breakout to take entry. closing and sustaining above 140 can lead to a good breakout. Targets are mentioned in the chart.