Clearly we can see the volume profile and the accumulation regions.
During Mar-Apr-2020, a nice accumulation happened and then a nice momentum of upmove.
1. Now again a consolidation region since Feb-2021 has broken out of 830 price resistance level.
2. Moreover in the recent price action we can see a small upchannel, whose upper-trend line has also been broken.
3. The volume in this consolidation is similar to the previous accumulation, + breakout has given confirmation about the impending up-move.
Target-:
This has been determined which the help of Fib. Extension tools. The origin being the accumulation during Mar-Apr 2020 and current consolidation as the retracement region(other leg of Fib Extension)
Stop-loss-:
Clearly the support of the consolidation region can be used as stop-loss.
RR ratio is good enough and Stop-loss is not that wide.
TATACHEM
**Followers let me know if this post was too short compared to my previous ones. Please suggest if I should add more or if this is sufficient**
**Sorry for the gap and delay in posts**
During Mar-Apr-2020, a nice accumulation happened and then a nice momentum of upmove.
1. Now again a consolidation region since Feb-2021 has broken out of 830 price resistance level.
2. Moreover in the recent price action we can see a small upchannel, whose upper-trend line has also been broken.
3. The volume in this consolidation is similar to the previous accumulation, + breakout has given confirmation about the impending up-move.
Target-:
This has been determined which the help of Fib. Extension tools. The origin being the accumulation during Mar-Apr 2020 and current consolidation as the retracement region(other leg of Fib Extension)
Stop-loss-:
Clearly the support of the consolidation region can be used as stop-loss.
RR ratio is good enough and Stop-loss is not that wide.
TATACHEM**Followers let me know if this post was too short compared to my previous ones. Please suggest if I should add more or if this is sufficient**
**Sorry for the gap and delay in posts**
노트
Will post updates here.
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.