The trend line drawn has been a constant resistance since October 2021. The market has tried to break the resistance four times and has failed each time. If this time the resistance does not break that too with high volumes, we'll probably witness a fall again. A fall till 174000 level could be seen and in worst case scenarios it could go down till 16815. P.S.-...
This is a perfect example of how an inside bar works. I had already set the levels and once the lower level of the setup was broken with a red candle I took a trade. I prefer to set my targets before hand. As you can see the stock is now headed to reach my second target.
Here we can see the formation of a falling wedge. We can take a sell trade once a good breakdown comes on 26.
Tata motors has formed an inside bar in the very first 2, 15 minute candles. Once we see a closing of the candle above or below the high or low of the inside bar setup, we can go for an intraday trade.
Here we can see the formation of an inverted hammer which is usually called as a shooting star. This generally appears in a bullish run and indicates a reversal in the trend. The very next candle is a conformation of the shooting star. If someone had taken an appropriate put trade they could have easily gained 454 points.
This stock has formed an inside bar and has already moved by around 12%. When there is a breakout of this inside bae we can see more upward movement.
The stock is showing a bullish HEKIN-ASHI pattern and we can enter the trade and can stay in the game until a gravestone doji or your trailing stoploss is hit.
BLS has moved 7% today and has broken an inside bar which was formed at 1:00 PM (IST). We can enter the bullish trade as the expectations from the stock are Target - 276 - 281- 286. The margin is not big but one can enter for a quick trade.
Here we can see the formation of an inside bar. We can wait for the breakout and then can go for a trade. The stock Revathi Equipment has already moved around 10%. We should enter the trade only if there is an appropriate breakout of the inside bar. P.S.- Please feel free to correct me , I'm just a new trader sharing my views.
The trend has not been able to break the resistance from a long time . Several time it has bounced back from the resistance and the bounced back from the supportive zone. Probably it's going to be the same this time. P.S.- Please feel free to correct me , I'm just a new trader sharing my views.