AXISBANK trading within the range(you can see in the image) from feb 2018 and buyer tried to broke the resistance zone but seller are taking control and we can see the LL LH formation,If we got clear price action signal to go short then we will attempt for sell otherwise we do not take trade,Always create a pure mechanical rule to enter and exit.
There is a very good price action structure in TITAN,Price close below support of 950 and seller controlling the price so this is very good sign for sell continuation,We will look for sell once we see the break of counter trendline with momentum or any price action signal.
There is very good selling momentum in HDFC and there are two more reason for sell 1) Trendline Break 2) Support Break 3)Divergence,Now we need some buyer to push price higher and I will take trade on weakness of buyer.
We have seen very good downtrend in the formation of LL LH but now we can see the buyer are controlling the seller,So I have no doubt about Trend and I know which direction I need to trade.Keep it simple and do not make things complicated,Make your analysis simple and create simple rules to Enter,Exit and Don't ever try to avoid money management and trade...
As we discussed in our last analysis of Karnataka bank, we have seen a trend change signal and finally I have seen a control of buyer in this zone so I take a trade.
We have Seen very good LL LH formation from last few days, we have got first HH today with very good momentum, So we can look for buy. This is pure price action technical analysis and I do not recommend to anyone for buy or sell,this is for education purpose only, do your own research before taking trades.
We have seen downtrend in Karnataka bank from last July 2017 but today we have seen first sign of change in trend with momentum and triple bottom and bounce from support and if price go in our favour will hold for tgt @170 So its pure technical and we trade only on technical
JSWENERGY finally gave a first sign of change of trend and continuation, we took the trade with very low risk and high reward.
USDJPY trading in range but we can see the buyers trying to push higher and the trend is also up So we can take a buy trade with small risk
We have seen good range from last few weeks and today finally we got the breakout,I do not trade on breakout I always wait for price to settle above the resistance zone then look for buy signal
KARURVYASYABANK broke the support zone and trading below the support zone and we can see there is no buyer as of now,Wait for seller momentum for confirmation then we can take the trade
WE HAVE SEEN VERY GOOD UPTREND FROM LAST MONTH AND WE GOT CORRECTION AND PRICE CLOSE ABOVE THE NEAR RESISTANCE ZONE SO WE CAN LOOK FOR BUY
WE HAVE SEEN FIRST BUY MOMENTUM SIGN AFTER HUGE FALL SO WE CAN LOOK FOR BUY WITH SMALL SL FOR HUGE RETURN
CHFJPY break the near resistance and holding by buyer its not very good setup but we can take with very small sl if we right will get very good RRR.
LUPIN broke the support zone and trading below the support,We can see selling continuation from now.
HEROMOTOCOP broke the support and trading in consolidation phase,We can see good selling after consolidation.
GBPAUD coming to resistance zone to retest, we can see very very good selling opportunity from retest zone so look closely to sell this pair with the tat of 1.7700
NZDCHF broke the support with momentum and trendline also break, we can see some good selling from now but always wait for confirm Entry,Do not trade blindly,Do your own research.