HCL TECHNOLOGY SHORT TERM 1 HR CHART.
IT BREAKED THE TREND LINE AND CURRENT MARKET MOVING TO RETEST THE TREND LINE. WHEN IT RETEST THE TREND LINE IT WILL MOVE TO THE PREVIOUS HIGH OR ELSE IT MAKING THE NEW HIGH FOR THE SWING.
THIS TRADE WILL GOOD FOR SWING TRADER.
TARGET FOR THIS TRADE.: TARGET 1 : PREVIOUS SWING, TARGET 2: NEW SWING HIGH.
STOP LOSS: WHEN 1 HR CANDLE CLOSE BELOW THE DEMAND ZONE.
IT BREAKED THE TREND LINE AND CURRENT MARKET MOVING TO RETEST THE TREND LINE. WHEN IT RETEST THE TREND LINE IT WILL MOVE TO THE PREVIOUS HIGH OR ELSE IT MAKING THE NEW HIGH FOR THE SWING.
THIS TRADE WILL GOOD FOR SWING TRADER.
TARGET FOR THIS TRADE.: TARGET 1 : PREVIOUS SWING, TARGET 2: NEW SWING HIGH.
STOP LOSS: WHEN 1 HR CANDLE CLOSE BELOW THE DEMAND ZONE.
Commentaire:
TARGET HIT AND THEN REVERSAL HAPPEN