In this Idea I'm going to share the simple price action trade which I have taken the May month in the stock D-MART.
Before taking any trade a trader must have find at least 3 confluences which align in the same direction so that we have a clear vision of the particular trade either it's a short trade or buy. By doing you are following a number of certain rules that will help you to make your trading emotionless and more disciplined.
For me I'm fan of price action trading which undergoes through Trends, S&R levels, Candlestick pattern, Chart pattern and sometimes EMA also.
In this trade of D-MART the price was facing resistance continuously from Area-1 and taking support from Area-2 at the moment when it broke the support level it made a proper morning star pattern at a very crucial S&R level which I had represented by the purple horizontal line.
Human nature and psychology could never change so this pattern can come again.
At this point we can easily see the confluences-
1)Trend- Reversed
2)S&R LEVEL
3)Candlestick pattern
Entry- 2809
Stops-2668
Targets-3090
R:R = 1:2
-NITIN
Before taking any trade a trader must have find at least 3 confluences which align in the same direction so that we have a clear vision of the particular trade either it's a short trade or buy. By doing you are following a number of certain rules that will help you to make your trading emotionless and more disciplined.
For me I'm fan of price action trading which undergoes through Trends, S&R levels, Candlestick pattern, Chart pattern and sometimes EMA also.
In this trade of D-MART the price was facing resistance continuously from Area-1 and taking support from Area-2 at the moment when it broke the support level it made a proper morning star pattern at a very crucial S&R level which I had represented by the purple horizontal line.
Human nature and psychology could never change so this pattern can come again.
At this point we can easily see the confluences-
1)Trend- Reversed
2)S&R LEVEL
3)Candlestick pattern
Entry- 2809
Stops-2668
Targets-3090
R:R = 1:2
-NITIN
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
