GOING SHORT AFTER A CLEAR BREAKOUT TO THE DOWNSIDE AND WAITING TO HIT MY ENTRY ZONE LETS NOW PLAY THE PATIENCE GAME AND WATCH HOW IT PLAYS OUT
we need to wait to get a clear break to eitherside before jumping in. MA is suggesting for a probable long trade but R:R is not there for long so ill be waiting for short trade to come in play. DROP A COMMENT IF YOU WANT ME TO ANALYSE ANY PAIR
STILL MAINTAINING MY LONG BIAS ON NSE:AXISBANK RESISTANCE HELD AND THE DIVERGENCE WILL NEED TO COME IN PLAY.
Wait for the price to break below the zone and go for the short
LETS SEE HOW IT PLAYS OUT WILL IT BREAK THE CHANNEL OR WILL IT MAINTIN THE RANGE?
GARTLEY PATTERN WAS FORMED ON DAILY TF WITH STOPS ABOVE THE HIGHS I WENT SHORT YESTERDAY BECAUSE OF THE BEARISH SIGN OF DIVERGENCE I STAYED IN THE TRADE NOW LETS SEE HOW IT PLAYS OUT MY SECONDARY TARGET IS 11000 GOOD LUCK
BULLISDH DIVERGENCE SPOTTED ON NIFTY RSI AND PREVIOUS SUPPORT CONFULUENCE IS ALSO SHOWING SOME INTREST.
RSI DIVERGENCE SPOTTED ON 1HR TF CHART GOOD CHANCE TO SHORT
NIFTY HAS BROKEN ITS ATH A LITTLE WHILE AGO BUT IT NEED TO REST FOR A WHILE NOW THE DIVERGENCE IS POINTING TOWARDS LOWER LOW AND IT NEEDS TO RETEST THE PREVIOUS STRUCTURE BEFORE FLYING HIGHER. WE MAY ALSO SEE NEW LOWS IF WE CLOSE BELOW THE ZONE.
BAT PATTERN SPOTTED ON HOURLY TIMEFRAME ON HINDUSTAN UNILIVER CHART JUST WENT SHORT WITH GIVEN S.L
AFTER GETTING A FAKEOUT TO THE DOWNSIDE WE PROBABLY CONTINUE THE THE UPTREND NOW JUST WAIT FOR THE PRICE TO CLOSE ABOVE 293.30 BEFORE GOING IN
LONG BIAS ON HINDALCO FOR NOW LETS SEE HOE IT PLAYS OUT.
ENTRY BELOW- 386 STOP LOSS - 392 TARGET - 374
STOCK IS AT THE PREVIOUS RESISTANCE LEVEL THE .786 FIB LEVEL IS IN CONFULENCE WITH THE RESISTANCE LEVEL WHICH MAY RESULT IN SUDDEN DOWN TREND RSI DIVERGENCE IS ALSO SHOWING SIGN OF REVERSAL LOOK FOR LOWER LOWS ON LOWER TIMEFRAME BEFORE GOING SHORT
ONLY TAKE IF THE PRICE REACHES THE ZONE AND GIVES BULLISH EVIDENCE TO GO LONG
Only take the trade if the price fails to close below the zone and bounces off the trend line
Wedge pattern spotted now all we have to do is play waiting game and see which side does it brakes.