Price Action is above all indicators & trading hacks. These are six price action lessons that will take your trading skill next level.
A thread🧵
A thread🧵
Lesson 1️⃣ If stock in range many years then weekly/monthly Breakout push stock price 30/50%
in 2/3 months.
Example - BEML ( BEML was consolidating from last 15 years in a range and after giving Breakout of that range BEML is 2X from its Breakout level.)
in 2/3 months.
Example - BEML ( BEML was consolidating from last 15 years in a range and after giving Breakout of that range BEML is 2X from its Breakout level.)
Lesson 2️⃣ If stock is making same pattern ( in 1/2 hour chart pattern ) after given Breakout of daily /weekly chart then chances of stock going up is much more.
Example - HG INFRA (After giving Breakout of daily range HG Infra is consolidating in hourly range and give good move)
Example - HG INFRA (After giving Breakout of daily range HG Infra is consolidating in hourly range and give good move)
Lesson 3️⃣ If stock never comes to retest it's weekly & monthly Breakout zone then the chances of it's 2X is much more.
Example - THOMAS COOK ( It's not retest it's monthly Breakout level then go from 108 to 216 )
Example - THOMAS COOK ( It's not retest it's monthly Breakout level then go from 108 to 216 )
Lesson 4️⃣ When whole market fall still strongest stocks only consolidate or move down very little.
Example - BF UTILITIE ( When market was start falling BF UTILITIE move down slowly)
Example - BF UTILITIE ( When market was start falling BF UTILITIE move down slowly)
Lesson 5️⃣ When market recover the strongest stocks recover very fast & will made new high.
Example - BF UTILITIE ( When market recover Bf UTILITIE break it's swing high.)
Example - BF UTILITIE ( When market recover Bf UTILITIE break it's swing high.)
Lesson 6️⃣ Big money mainly target whole sector rather then particular stock.
When you see a stock 10-15% up Go to screener and Enter stock name > Peer Comparison > Check all charts.
You will definitely find some more stocks with good volume.
When you see a stock 10-15% up Go to screener and Enter stock name > Peer Comparison > Check all charts.
You will definitely find some more stocks with good volume.
Loading suggestions...