Why I selected IGL for Swing Trade on 4H time frame.
Обновлено
IGL looks bullish on 4h chart.
Technical Analysis:
Candlestick Chart:
- Breakout of Triangular pattern.
- Breakout of Resistance at 436.
- EMA 20,50,100,200
+ Moving average lines expanded.
+ All moving average lines are arranged according to their position.
Renko Chart (Brick Size = 5)
- 4 Bricks are printed
+ First 3 bricks formed the base zone.
+ From the 4th brick it has entered in zone 1.
Conclusion:
We can take a long position from 430 to 440 with a stop loss of 415.
Disclaimer: I entered at 435 on a Renko Chart with Brick Size of 5 and I keep the stoploss at 430.
Technical Analysis:
Candlestick Chart:
- Breakout of Triangular pattern.
- Breakout of Resistance at 436.
- EMA 20,50,100,200
+ Moving average lines expanded.
+ All moving average lines are arranged according to their position.
Renko Chart (Brick Size = 5)
- 4 Bricks are printed
+ First 3 bricks formed the base zone.
+ From the 4th brick it has entered in zone 1.
Conclusion:
We can take a long position from 430 to 440 with a stop loss of 415.
Disclaimer: I entered at 435 on a Renko Chart with Brick Size of 5 and I keep the stoploss at 430.
Заметка
- 3 Green Bricks are constructed on Renko Chart of Brick Size 7.5- Now the base zone is completed and the price tries to enter in zone 1
- Waiting for the breakout on the Candlestick chart.
Сделка активна
Today Nifty50 is down by 1.18%- Gives the breakout of resistance (436) and holds it.
- Closed at 436.60
Still holding my trade.
Заметка
The price is testing its 20 periods moving average.Renko Chart BS=5
We did not get any new solid brick.
No exit signal.
Still holding my trade.
Похожие публикации
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.