amitsubodh

amitsubodh Updated 

Take entry at the high of Child Candle. For safety, you can take a 3-5% buffer. Stop Loss will be low of the child candle. R= Difference between Buy and Stop Loss Target 1 - Buy + R Target 2 - Buy +2R

amitsubodh Updated 

Based on my analysis of the SMA 34 these are the key points. Alert Candle - 14th May Entry @735.75 (0.1% above ) SL - 685.30 Ratio- 50.45 T1 - 786.2 T2 = 836.65 T3 - wait for another altert candle

amitsubodh Updated 

Fibonacci Retracement Levels identified near to 47000. An opportunity to buy now and keeping the SL near to this level, I went for 8 weeks low. Target - 50% Breaking the first Resistance Level and moving above the first formed shoulder. Trailing SL thereafter. Risk Reward Ratio - 1.65 ( First Target ) and 2.76 ( for previous ATH)

amitsubodh Updated 

Indicator - Simple Moving Average with length 34 days and source close price Once plotted, we have to identify an alert candle Characteristic of an alert candle are 1) It touches the SMA 2) Close Price is greater than SMA Value 3) Low Price is lower than SMA Value 4) Close Price is greater than SMA Value (green candle) Also note that the stock is in...