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Responsive

Responsive Industries High Reward IdeaAs per my analysis, NSE:RESPONIND retracement as been complete and now ready to move again for upside. Price already given strong breakout above 292 with strong candle. Best buy level to take entry will be 293 (Have to wait for retracement). Strict Stop loss would be 268 (-25 points risk). Expected upside target would be 332 (+39) & 370 (+77). This could be low risk and high reward positional trade idea. Note: This is my personal analysis, only to learn stock market behavior. Kindly do your own research/analysis to plan any trade. Thanks.
NSE:RESPONINDLong
by thetradeterminal
Practice Labeling Initiative and Responsive Price Action.Rounding out Chapter 1 of the book "Price Action Breakdown..." I am asked to label moves as initiative and responsive based on how the author has described initiative and responsive. From his perspective initiative is when buyers/sellers decide that price is no longer agreeable and take the initiative to move it up or down, hence the name initiative. Responsive is when price pokes out of a Value Area only to come back into it abruptly (see excess price/tails). Another way to think of this would be trend continuation moves vs movement back towards control point. This lesson didn't really hit home for me. I still think the point of control is the most valuable bit of information I have gleaned from this book so far, but I am waiting to hear how the author will work initiative vs responsive into the context they are building. I can definitely see why traders are comfortable in the value area. Trading the initiative moves makes me feel like I'm about to get on a terrifying carnival ride and there's nothing to hang on to. That'll do it for today.
CBOT:ZSK2021Long
by emehoke