Price tested the horizontal resistance multiple times but the resistance is unable to push the price away. The price continues to mark higher lows into the resistance to a point that a narrow range is established just below the resistance line. The breakout of the narrow range is accompanied with the breakout of the horizontal resistance.
Centuryply looks breakout above resistance.Targets 670-720
Breakout is likely to sustain and 930-960 levels possible in short term.
It is time to sell when you see a hammer candle (inverted) at weekly resistance.
Ethereum broke out of a horizontal range on the downside and moved down sharply. As a pullback it has come back up to test the resistance (previous support). This could be a potential high reward to risk opportunity.
OIL stock price is range bound. When the price is moving in a range bound market, the best trades are failed breakouts.
This is merely a trend analysis post. ETH has broken out of a range and is edging higher. Till now, we have been selling at the range top and buying at the range bottom. As there is a change in the market structure from range to uptrend, we can draw an upward moving channel as a guide to initiate high probability trades. If the channel continues to hold,...
What a crazy day, just finished riding a vertical ride up. ETHUSD coming out of first base taking out all the bear cartel stops.
Bandhan Bank near resistance, take a small SL and target 3:1 profit. Look for selling opportunities in intraday timeframes.
HUL is near support at intraday time frame, recent trend direction is clearly up. As the retracement has been very low we look for buying opportunity for intraday time frame.
Sell below 1070. The trend is down on Hourly Time Frame. Keeping the bias for short opportunities.
Sideways market on hourly/mins time frame. Looking to short the range breakout below 1200 and further if the price reaches to 1175. Would stop looking for shorting opportunities if price goes above 1250. Till then, just try to follow the channel resistance.
Just capitalizing on the the down trend channel. Will enter short around 1147