With a Double top formation Price is lower at the support zone for third time and has much chances to break! Wait for confirmation and price action!
Tata motors given break down and retested the major Trendline Now its trading in a narrow range! Have a look on the Nifty Auto and the Advance-Decline ratio of same before taking a trade either side!
Wipro can give a range breakout after trying to break this resistance for almost 4-5 times! keep an eye for tomorrow... Happy Trading
So we have now triple confirmation which only comes from price action 1.It is the pullback in the downtrend and retesting the major trendline. 2.Price has created double top at the major trendline. 3.The wick rejection is perfectly at the 50% Fib retracement area. Please also have look at Nifty It is not advisable to trade against the Nifty Trend So we have...
so a breakout build up in Bharti Airtel! But some points to remember 1.If the price breaks the resistance on the first candle from at about todays high it have to comeback to resistance level to retest it(Unless the stock has some very good news which can avoid the retest). 2.if the price spends time near resistance area and then gives breakout you can enter it...
Always have a zoom out look on the charts and the patterns also became worthy at the perfect place not everywhere! And if your analysis is right and its giving you good profit you can hold a bit more!
Biocon has given a beautiful breakout and also retested the previous resistance now heading upwards again... Have an eye on it!
HPCL creating a GOOD PRICE STRUCTURE to trade!
It can be a buying setup! Although Indusind bank has fallen so much from ite peak since last two years and might coukd not reach that level in near days Its quite volatile and on investors eye You can take trade based on price action! But do mix your analyze with mine!
To Anticipate the Nifty 50(INDIA) Always analyze Dow jones, Nasdaq and SGX Nifty to have a clear cut view while trading So that you can anticipate the point of reversal or sideways or trending market with extra benefit of 0.55% more than others who don't analyze these.
ICICI BANK on the 15 minutes chart in at the previous support zone if it breaks the level wait for pullback or directly enter the trade as per your trading style! Happy Trading :)
Infratel has come out of the support and retracing at the previous support perfect area to take a short call Please zoom into the 15 & 5min chart to understand the price action!
Hey guys this is DLF chart. U can find the reasons to buy or sell watching this video But make sure to analyze your own to take a call! Happy trading :)
YOU DON'T NEED ANY INDICATOR TO ANALYZE JUST COMMUNICATE WITH PRICE AND FOLLOW HIM IF IT IS NOT GOING ANYWHERE WHY ARE YOU PUSHING YOUR MIND?
If You are price action trader you don't need any indicator, As you listen to your heart and mind... Try to communicate with price!
IF YOU HAVE MISSED TO ENTER AT THE TRENDLINE BREAKOUT YOU STILL HAVE CHANCE TO ENTER THE TRADE WITH GOOD RSIK/REWARD RATIO HAPPY TRADING... :)
LIC HOUSING FINANCE IS MAKING A VERY NICE PATTERN WITH UPWARD BULLISH MOVE AND CONSATNT RESIATNCE ZONE Breakout and pullback setup in coming days!
Cholafin has beautifully came out of 15 min trendline resistance and took another support on the trendline resistance now its all set to go up! Your target can be the peak high of the Triangle!