Can you anticipate a breakout? Yes, I shared this before in ICICI Bank case. When the price reverses without going lower till the support. This shows the strength of the buyers. Can you see the same structure in Intellect Design?
PS - conservative traders always wait for the BO https://t.co/o79tNRd9Fo
ICICI Bank #NSE - Can you anticipate a breakout? If you look at point 1,2&3 on the chart in rectangle formation, you will notice the buyer is willing to pay a higher price. The demand zone is shifting upwards which signifies the weakness of sellers & a potential BO to the upside. pic.twitter.com/urGbGz643N
— The_Chartist \U0001f4c8 (@charts_zone) July 23, 2021
More from The_Chartist 📈
although a must-have portfolio stock. Faced resistance right at the upper channel boundary. Volumes high. Any retracement back to the lower boundary will be an opportunity to accumulate. https://t.co/5uDsUXsbPP
IEX - the resistance turning support. Kindly review, please. @nishkumar1977 @suru27 @rohanshah619 @indian_stockss @sanstocktrader @BissaGauravB @RajarshitaS @PAVLeader @Rishikesh_ADX @VijayThk @Investor_Mohit @TrendTrader85 pic.twitter.com/7CCzmee5If
— Steve Nison (@nison_steve) December 18, 2020
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