3M India
Trade Setup:
Monthly: Forming inside bars from green candle formed in March21. Hammer & doji's formed at the bottom of down trend (positive).
Weekly: Crossed the longterm trend line (red colour), and retest happened. As a confluence, broke out of wedge pattern with volumes, and retest happened. The bottom trend line (pink colour) acting as support. Crossed 50 EMA with volumes.
Daily: Observe the low volumes on retest of wedge pattern (positive).
Entry = 24496 INR
SL = below swing low ie; 22370 INR
Target = 26495 INR (T1) and 30000 INR (T2) ie; confluence with 0.698 fib levels & psychological levels.
RR = 2.55 (considering T2)
Remember: for any trade, more the confluences, more is the probability for successful trade. This setup has all these - so, high conviction.
Monthly: Forming inside bars from green candle formed in March21. Hammer & doji's formed at the bottom of down trend (positive).
Weekly: Crossed the longterm trend line (red colour), and retest happened. As a confluence, broke out of wedge pattern with volumes, and retest happened. The bottom trend line (pink colour) acting as support. Crossed 50 EMA with volumes.
Daily: Observe the low volumes on retest of wedge pattern (positive).
Entry = 24496 INR
SL = below swing low ie; 22370 INR
Target = 26495 INR (T1) and 30000 INR (T2) ie; confluence with 0.698 fib levels & psychological levels.
RR = 2.55 (considering T2)
Remember: for any trade, more the confluences, more is the probability for successful trade. This setup has all these - so, high conviction.
İşlem aktif
Target 1 achieved on 03Nov21.Keep holding for Target 2 with trailing SL (swing low as SL)
İşlem elle kapatılmış
Trailing SL hit
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.