Please wait for the following price action before entering :-
1) Wait till the price takes support at the 100 DMA
2) Followed a strong rejection candle like the bullish umbrella
3) a strong close above the 100 DMA
Please wait till all the above mentioned price action is occured before taking up the trade. And keep a strict stoploss as NIFTY50 is weak.
This is not a recommendation. This is for educational purpose only.
Consider all risks possible with stock market.
Thank you
Have a nice day
Happy Trading!!
1) Wait till the price takes support at the 100 DMA
2) Followed a strong rejection candle like the bullish umbrella
3) a strong close above the 100 DMA
Please wait till all the above mentioned price action is occured before taking up the trade. And keep a strict stoploss as NIFTY50 is weak.
This is not a recommendation. This is for educational purpose only.
Consider all risks possible with stock market.
Thank you
Have a nice day
Happy Trading!!
Trade active:
The stock gave a breakdown instead of an upmove, Still was a pretty good trade
Trade closed: target reached:
Got 5% within just one candle. Thats almost impossible