First of all let us understand why this name should have been in your watchlist: As you seen in the chart below, the LHS side of the whole price structure is completely volatile which means that there is no buying pressure in that said price structure which in turn means that

Now, after the demand kicked in, the price moved 102% which clear tells you that yes, whatever buying force was present from the lows is continuing its buying pressure at the highs which in turn is attracting more buyers to join in. This creates a natural momentum in the price

If we go to the weekly time frame chart, we can clearly see that the price bounced back from the 10 (W) EMA. Another crucial zone for the price. We can also see that the selling pressure of 2 weeks got quickly engulfed by a 1 week buying candle. This clearly tells us that the

After bouncing off the 50 EMA, the price quickly moved up to its previous resistance and started consolidating there. The first pullback saw a drop of about 22% but the second pullback was only around 4%. This shows that selling pressure is weakening while buying pressure is

If we go to the smaller time frame of 2 hours , we also see the same thing here. The chart has all the details that you need to know 🔽

Here is another quick snippet of what a good contraction structure should look like and what should be the qualities of it. But not every contraction is worth watching. To know which ones matter, here are some key points: -A contraction should follow a momentum move. This

After the tight contraction, the price broke out with a strong candle supported by good volumes. This was expected because after such a quick bounce back, the price has been consolidating in a very narrow range. To put it simply: - Strong up move ➝ driven by smart money

Now let’s see how to trade this setup: Trading a contraction setup is quite simple. Just check if the price is respecting the highs and lows of the range. Here, the price is doing exactly that, showing low volatility. The dry volumes also confirm that selling pressure is

After the price went up significantly, it never went below the 10 EMA and kept going up. This paints a very clear picture on how to trail a position when you see clear demand being built up from the very beginning. Usually, when a stock is moving up with strong momentum, it

So, this was a simple example of how to analyze a setup, make a plan to enter and exit. Do not try to overcomplicate trading. If the process is kept simple then it will yield exceptional results🥂 Telegram: http://t.me/ChartistEdge

@ChartistEdge Great 👍

@biswajitnk7 Thank you🙏🏻

@ChartistEdge Nice analysis Sir💞

@powerofmind_set Thank you sir

@ChartistEdge Captured 97% , but put very less money 😔

@tradingwithjob A win is a win.. don't be sad about it 🙏🏻

@ChartistEdge Which indicator it is

@Manjukambala Which one are you referring to ?

@ChartistEdge Really appreciate your efforts Kaushal Bhai! These posts are really helpful.

@arham2005shah Welcome Arham 🙏🏻