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Shorttermtrading

Tata TechEnter NSE:TATATECH at CMP, with an SL of 1010. It seems that this gem from the Tata Sons empire is on the verge of an up-move in the coming weeks. Those willing to hold it for longer horizons may hold it till a close below 971.4, post which must take an exit. The formation of a reversal pattern post a prolonged downtrend, along with presence of a valid trendline with upto 4 touchpoints, makes this a significant breakout. This may also be a good time to allocate to this stock, from a longer term standpoint. ********************************************************************************************************************** This is for illustrative purposes only. Do not construe this as investment advice
NSE:TATATECHLong
by Samyak_Shah
Swing Trading - Using Market Side and Opening Range FiltersSwing trading is a short-term strategy where traders aim to capitalise on small price movements within a financial instrument over a specific period. The goal is to capture gains from these "swings" in the market rather than focusing on long-term trends. In this example, I am trading the GBP/JPY using the market side and the session opening range as filters to determine high probability trading direction: Market Side: This helps to identify the overall trend or sentiment in the market. Session Opening Range: This is the price range between the high and low during the initial period after the market opens. It is used to set reference points for potential entry and exit levels. Here's a simple breakdown: Below the Market Side and Opening Range: If the price is below both the market side indicator and the opening range, this signals a bearish sentiment, and you look for selling opportunities. Above the Market Side and Opening Range: If the price is above both the market side indicator and the opening range, this indicates a bullish sentiment, and you look for buying opportunities. I use the Charts247_WT Custom Indicator Candles for entries and exits, which provide specific signals to enter trades and exit existing positions. This combination of trend filters and entry signals helps improve your trades' accuracy and timing, aligning your actions with the broader market context.
Education
by Charts247TradingAcademy