Daily Chart- THYROCARE - NSE
My personal view indicates the price rose with substantial strength and volume. The gap between 1205 and 1251 has now been completely filled. Volume has declined during the current consolidation phase, which historically can precede a major trend movement. I will only consider long positions if price clears above the gap level, which will serve as my entry confirmation.
KEY LEVELS (MY PERSONAL VIEW):
•Entry: Price clearance above 1251 (gap resistance)
•Target 1: Liquidity zone between 1375-1465
•Target 2: All-time high at 1465
•Target 3: 10% above ATH or trail according to momentum
•Stop Loss: Below recent swing low
TRADE ADVANTAGES (MY PERSONAL VIEW):
•Favorable risk-reward ratio with well-defined stop loss
•Clear entry trigger above confirmed resistance
•Multiple profit targets allow for partial position management
•Consolidation breakout suggests potential for strong momentum
•Historical liquidity zone provides logical profit-taking area
NARRATIVE (MY PERSONAL VIEW):
The substantial earlier advance demonstrated significant buying interest. The successful gap fill represents a healthy consolidation phase. The noticeably diminished volume during this consolidation typically precedes substantial directional moves. I anticipate a breakout above the gap level will initiate the next leg upward toward the identified liquidity zones and historical resistance levels.
Disclaimer: I am not a registered or authorized financial advisor and do not provide financial education. This post reflects only my personal view and trading approach. This is not advice. Always conduct your own research and consult a qualified financial advisor before making any investment decisions.
WHAT'S YOUR VIEW? COMMENT BELOW.
My personal view indicates the price rose with substantial strength and volume. The gap between 1205 and 1251 has now been completely filled. Volume has declined during the current consolidation phase, which historically can precede a major trend movement. I will only consider long positions if price clears above the gap level, which will serve as my entry confirmation.
KEY LEVELS (MY PERSONAL VIEW):
•Entry: Price clearance above 1251 (gap resistance)
•Target 1: Liquidity zone between 1375-1465
•Target 2: All-time high at 1465
•Target 3: 10% above ATH or trail according to momentum
•Stop Loss: Below recent swing low
TRADE ADVANTAGES (MY PERSONAL VIEW):
•Favorable risk-reward ratio with well-defined stop loss
•Clear entry trigger above confirmed resistance
•Multiple profit targets allow for partial position management
•Consolidation breakout suggests potential for strong momentum
•Historical liquidity zone provides logical profit-taking area
NARRATIVE (MY PERSONAL VIEW):
The substantial earlier advance demonstrated significant buying interest. The successful gap fill represents a healthy consolidation phase. The noticeably diminished volume during this consolidation typically precedes substantial directional moves. I anticipate a breakout above the gap level will initiate the next leg upward toward the identified liquidity zones and historical resistance levels.
Disclaimer: I am not a registered or authorized financial advisor and do not provide financial education. This post reflects only my personal view and trading approach. This is not advice. Always conduct your own research and consult a qualified financial advisor before making any investment decisions.
WHAT'S YOUR VIEW? COMMENT BELOW.
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免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。