Hello Traders, Im publishing ideas every day for SWING TRADE and Market Analysis, if you like my effort follow and share with your friends and if you have any doubt comment below and we can discuss about the trade and update our strategy.
Great Setup for Swing Trade and take Entry only after Bullish Candle form as it confirm that BUYERS are in control and Sellers who took position are got trapped which leads to short squeeze then it will make new higher High and Higher Lows
Have a Patience and Let Bullish Candle close above Resistance Zone and take trade at Retest Level, so what reason behind this is to avoid false breakout as many beginner took trade before break out and exit at DIP.
Market Closed at 18K which is a Strong PSYCH Number and now become a Support, So our Trading Plan will be if market stays above 18K Take a Bull Put Spread or Bull Call Spread and if market fails to sustain to this level we will wait for next support which can be S1,S2,S3 and TGT will be Swing High (SH).
M_M is very close to ALL TIME HIGH, Wait for Price Action and take Entry at RETEST as it helps to avoid False Breakout and For Aggressive Trader take 1/3 rd of your QTY and Later On add at Retest and Take SL at 1ATR from Support or 20 EMA
After strong UPTREND, INDIAMARTS looks like in Consolidation zone and we can take a Entry at SWING LOW and Exit at SWING HIGH, there is high Probability it can make False Breakout or Remain In Consolidation zone so better to be conservative and take profit at SWING HIGH and wait for further Price Action to enter.
Best setup for Swing Trade if Neck Line is Broken, Immediate Target Will be All Time High, So wait for Price Action to Happen
In Weekly chart of MOTHERSUMI, Bulls looks Aggressive looking for breaking All Time High 3rd Attempt by Bulls to break Resistance Aggressive Trade : Buy As soon as it breaks or look for ENGULFING candle Conservative Trade : Wait For Retest At support Stop Loss : 1 ATR below Support