IRCTC - Learning?
Runaway Gaps are traded like flag & pennant patterns. The price move before the gap is projected upwards for the price target. Here the target comes out to be 3230. https://t.co/QuKrekfHG3
IRCTC - A perfect pullback on low volumes after a high volume breakout. Low-risk setup. Weak below 2015 pic.twitter.com/jSHBlEhkE0
— The_Chartist \U0001f4c8 (@nison_steve) June 9, 2021
More from The_Chartist 📈
This exercise will tell you about your inherent strengths & weaknesses. 👇👇
How to record a trading journal (TJ) & what to analyze?
— The_Chartist \U0001f4c8 (@charts_zone) December 14, 2021
What is in a TJ?
Buy Date
Stock Name
The time frame you analyzed (D/W/M)
Long/Short?
Buy Price
SL
Sell Price
Risk took (% of capital)
Sell date
No. of days held
P/L
P/L as % of capital
Buy Reason?
Invested capital/trade pic.twitter.com/WnrvmYuOV0
Russell 2000
It is better if you spend considerable time learning these concepts. https://t.co/caBHOO4Owa
TRAPS? In a false breakout, the price breaks out of the range & comes back within the range. A trap is one step ahead, price not only comes back within the range but breaks down in the opposite direction. It traps the initial longs who didn't close their positions
— The_Chartist \U0001f4c8 (@charts_zone) January 22, 2022
Russell 2000 pic.twitter.com/txzjdnStzc
More from Irctc
approching upper trendine , might took a small pause or need to break resistance with good volumes
target was 2900 , made high 2897 , with just 3 points short.
booking some positions as reached near resistance , will add near supportive trendline,
holding rest for 3600 https://t.co/2H0myGPgu5
Itctc
— Vibhor Varshney (@nakulvibhor) September 2, 2021
Entered 2800 \u2705
Heading towards 2900 target
Then 3600
Holding personally in folio \U0001f44d https://t.co/jd2OOQTSLs
1. Still 200/400 point movement left as per Ascending Triangle Pattern.
2. Stock perfectly moved according to the classic pattern.
3. Next level to watch now 3500-4000
4. Support near 2600-2800 https://t.co/VrUhS85Rml
NSE:IRCTC 1775 +2.78%
— Mr. Chartist (@Mr_Chartist) February 26, 2021
-Cup and Handle breakout
-Support at 1600/1650
-Next levels at 1900/2000/2100++#TA pic.twitter.com/LxpPTI0rB6