The chart shows daily timeframe on left side and hourly time frame on the right side.
The indicator added shows multi timeframe trends and EMA8 on the same chart.
Multi timeframe includes
1. daily trend/DT, daily ema/DE(in red)
2. Weekly trend/WT, Weekly ema/WE(in green)
3. Monthly trend/MT, monthly ema/ME(in blue).
The price has recently moved close to ME , which is same as previous month low(PML) in this case and the hourly chart shows green trend has already started and looking in hocky stick pattern.
At the current levels, I see a good risk reward ration of 1:3. Entering the market at this level will result in positive returns in most of the stocks. However, it would be prudent to choose uptrending stocks for entry for better returns than the sideways moving stocks.
Stay tuned for more valuable inputs to buy low and sell high to stay profitable.
The indicator added shows multi timeframe trends and EMA8 on the same chart.
Multi timeframe includes
1. daily trend/DT, daily ema/DE(in red)
2. Weekly trend/WT, Weekly ema/WE(in green)
3. Monthly trend/MT, monthly ema/ME(in blue).
The price has recently moved close to ME , which is same as previous month low(PML) in this case and the hourly chart shows green trend has already started and looking in hocky stick pattern.
At the current levels, I see a good risk reward ration of 1:3. Entering the market at this level will result in positive returns in most of the stocks. However, it would be prudent to choose uptrending stocks for entry for better returns than the sideways moving stocks.
Stay tuned for more valuable inputs to buy low and sell high to stay profitable.
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Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.