Symphony up 15%? Reason explained post market

21 thg 4, 2021

I am posting this chart so that we can trade this opportunity in future. I.e. Learning from the past and implementing in future.

Just look at the chart pattern, it looks like a bearish "flag" in 1 hour timeframe. Just look at the buying pressure at 1st 1 hour candle.

What's next?
Well, I am expecting this rally will continue after a retest at the "breakout level".
NEW ENTRY NOT SUGGESTED. Just wait n watch how the price react on Thursday, 22 April.

23 thg 4, 2021

Ghi chú

It is continuously testing its breakout level. If the price break previous 2-3 candle's high (hourly timeframe), then we can see more upside, BUT, with a strict SL at few Rs below previous candle's low.

26 thg 4, 2021

Ghi chú

It tested its breakout line and moving upside as expected. If could have taken this trade, SL could be below the low of 1 hour red candle (Rs 1175.5).

27 thg 4, 2021

Giao dịch được đóng thủ công

Well, huge upmove today as expected. This is how the simple Price Action works.

23 thg 11, 2023

Ghi chú

I expect anyone who is reading my writings to know that there is nothing "certain" in the markets. Neither the %gain on stock nor "out-performance" or "under-performance". There is a risk and opportunity cost involved in both, buying and selling. Selling at any price can often result in "opportunity loss" when the stock moves higher and higher. Human psychology is a culprit here. For e.g. I post any stock which seems undervalued or overvalued to me on tradingview. When anyone makes money on that, they wont appreciate me "a single word". But when they lose or it results in opportunity loss, they are bound to blame me. I don't criticize any person, because I know their psychology has defeated them. At last, there is nothing like "easy money" in the markets. The survival of the fittest holds absolutely true here.