srini_charts

srini_charts

Analysis for educational purposes only. I am not a registered analyst. A Higher High Higher Low structure on price action is considered as an uptrend. - In the daily & weekly chart, we see a breakout of previous Higher High. - Currently in Higher High retest zone. - Set SL as previous HL or in cases where there are other lows close by, choose the lowest one. -...

srini_charts

Analysis for educational purposes only. I am not a registered analyst. A Higher High Higher Low structure on price action is considered as an uptrend. - In the weekly chart, we see a breakout of previous Higher High. - Wait for Higher High retest and enter somewhere close to it. - Cannot expect a stock to test the exact same value. - Set SL as previous HL or in...

srini_charts

Analysis for educational purposes only. I am not a registered analyst. A Higher High Higher Low structure on price action is considered as an uptrend. - In the weekly chart, we see a breakout of previous Higher High. - Wait for Higher High retest and enter somewhere close to it. - Cannot expect a stock to test the exact same value. - Set SL as previous HL or in...

srini_charts

Analysis for educational purposes only. I am not a registered analyst. A Higher High Higher Low structure on price action is considered as an uptrend. - In the weekly chart, we see a breakout of previous Higher High. - Wait for Higher High retest and enter somewhere close to it. - Cannot expect a stock to test the exact same value. - Set SL as previous HL or...

srini_charts

Note that not all trades would result in huge profits As per the setup, wait for candle close (since this analysis is on a weekly candle, it's Friday after 3:15PM) A Higher High Higher Low structure on price action is considered as an uptrend. - In the weekly chart, identify the first break of Higher High. - Wait for Higher High retest and enter somewhere close...

srini_charts

A good example of a trade where we followed the rules but still hit the StopLoss. That's why "don't put all your eggs in one basket". NOTE: There can be other ways of entering an exiting. However, the idea of sharing the instructions is to understand that it should be possible to trade with fixed set of rules. Some trades make huge gains, some don't move much and...

srini_charts

A Higher High Higher Low structure on price action is considered as an uptrend. - In the weekly chart, identify the first break of Higher High. - Wait for Higher High retest and enter somewhere close to it. - Cannot expect a stock to test the exact same value. - Set SL as previous HL or in cases where there are other lows close by, choose the lowest one. -...

srini_charts

A Higher High Higher Low structure on price action is considered as an uptrend. - In the weekly chart, identify the first break of Higher High. - Wait for Higher High retest and enter somewhere close to it. - Cannot expect a stock to test the exact same value. - Set SL as previous HL or in cases where there are other lows close by, choose the lowest one. -...