Best buy between 256-258 Stop loss - 250 Target - 280
Price action taken support from 200 days Ema and fib 0.618 stop loss 437.
Formed piercing candlestick pattern.. conditions needs to satisfy 1. downtrend 2. bearish candle 3. gap down 4. bullish candle 5. close above 50% of previous day's bearish candle
Price action in upward channel trade.. sell price action below 750 only..
Best buy above 590.. sell below 563..
In longer time frame price action in downward channel trade.... Price action below 390 bulls lose grip..
Long position : breakout above neckline (627)
Price action making Higher lows and RSI making Lower lows..
Conditions needs to satisfy.... 1 . Uptrend 2 . Bullish candle 3 . Gap up 4 . Bearish candle 5 . Close below previous bullish candle
Conditions need to satisfy.. 1.Downtrend 2.Bearish candle 3.Gap down 4.Bullish candle 5.close above previous bearish candle..
Multiple times tested support zone (398,396,400,401..) Resistance levels around (492,484,473,445..) i.e Lower Highs.. Price action close above Resistance gives upward breakout..which means Continuation Price action close below Support gives downward breakout..which means Reversal..till then watch Cartoon Network :)
Consolidation or Reversal ?? Breakout on which side,price action decides..
B = 0.618 retracement of XA leg C = 0.382 to 0.886 of AB D = 0.786 of XA leg long position : at 'D' point..(entry) Target 1 : B point Target 2 : C point Target 3 : A point Target 4 : 1.618 of AD Stop loss : Below 'X' point
Short position : 296 Target : 280 Stoploss :311 (Invalidates price action above 311)
Breakout above 957..(resistance levels) support levels (forming higher lows) long position : initiate daily close above 957 for safe trading target : height of the triangle (957-873 = 84) i.e..(957+84 =1041) stop loss : below recent swing low.. pattern failure price action below support level