Bullish above 27860 for the targets 28000, 28260, 28420, 28650 and 28900. Bearish below 27680 for the targets 27520, 27400, 27220 and 27000.
Price action is nearing support to form double bottom.
Price action is consolidating within a small range. Break out can be in any direction.
Price action is moving towards long term trend line support. Trend lines are the first thing any analyst should have learnt to draw when they start to learn about technical analysis. Its a very simple tool but most effective.
When price action gave an explosive movement on last friday, most people got the thought that market has become bullish finally. And the same people got confused when prices are falling today. If the sentiment has become bullish, then why price is falling? Last monday price opened gap up, creating a gap. "All the gaps will get filled eventually". And also to have...
Sell below 2885 with the stop loss of 2910. Targets are 2855, 2830 & 2800.
Sell below 1325 with the stop loss of 1337. Targets are 1312, 1300 and 1280.
Sustaining 11460 - 11480 level will push the price towards 11500, 11560, 11620 and 11680. Bearish below 11420 for the targets 11370, 11320, 11260 and 11200.
Bullish above 29180 for the targets 29300, 29420, 29660, 29880 and 30000. Bearish below 28900 for the targets 28720, 28600, 28400, 28220 and 28060.
Sell below 728 with the stop loss of 733. Targets are 723, 718 & 713
This post is for the followers who shared the information about their loss in trading. They motivated me to write this post. Newbie traders blow up their trading account or face heavy loss in the process of learning to trade. So what to do next after a heavy loss? When we have heavy loss our mind becomes unstable and we do irrational things. First we have to stop...
Trend line break has happened at 88 - 93 level. For those who missed the chance to enter at that level, can wait for the break out above 115 with the stop loss of 99 for the targets 123, 129 and 135.