Quick video of playing a High of Day breakout and how to avoid a big drawdown.
WAIT FOR VOLUME SUPPORTED BREAKOUT TO TAKE ANY POSSESSION
DEEPAK NITRATE HAVE GIVEN BREAKOUT BUT THE RUN UP WILL RETRACE TO SOME EXTENT BEFORE GOING UP. SO ITS BETTER TO WAIT FOR TAKING POSITION. ... Its only for educational purpose and please consult your advisor before taking position.
Today icicibank will given breakout from w pattern and gone upto@423. You can see same thing in RSI section.strong support is 438-440
Reliance have given breakout from flag pattern and going 1755,1774,1804 in two or three days.
As I said earlier today, volume plays a very important role in breakouts. you see an upward breakout and the price closed a candle above the pennant but without any considerable volume, and it reversed all the way down. Good Luck With Your Trades. ;)
Just an novice ...self learning. If dlf manages to cross this intersection point of resistance zone (intersection of resistance levels of parallel channel and triangular pattern) , most likely to test higher levels... let's see, if I'm wrong, friends please offer your views for corrections.
Compression befor the big jump - breakout one side high pressure movment start new trend
NSE:SANGHIIND gave a breakout about its supply zone. Use these levels for short term swing purpose. Stops could be below trend line.
NSE:SRF gave a breakout from its previous resistance. However, it is gonna face slight resistance near 3877. A close above which, can take the stock towards its All Time Highs.
Clearly NSE:BHARTIARTL closed above its supply turned demand zone today, showing strength.
Whenever i see a trend-line break , but not a follow-through move, i draw a parallel Trend line to the new low made. And if the price break this new trend-line, then the chances of price follow through becomes high. Hence nifty is sell below 8980 levels. Do not follow blindly, please do your own research.
Rule #1 Define the London Trading Range We’re going to use the range definition that takes into consideration only the body of the candles, excluding the wicks. Note* this trading rule can be adapted as you get more experienced at reading the price action. This strategy works because the Asia trading range tends to attract buy and sell stops above and below the...
Chart analysis of Forex Markest on the Hourly, and M15 charts. What markets can we trade tomorrow based on what happened today.
Kindly comment with " Yes " for agree and "No" for disagree with this post: Before the break-out, I've informed that " Breakout will give truck of Money. ..!". Exactly, we seen this statement was TRUE, didn't it? (End of idea link is added about this idea) Let's talk step by step was happened here. The Width of congestion area was equal to height of the...
----------------------------------Support And Resistance – The House!---------------------------------- Support and Resistance explanation: Imagine that you are looking at a vertical cross-section of an "Old fashioned dolls house " which is shown in the schematic. Now you can see all the floors and ceilings in the house, and as you can see here we have a...