Stock: Balramchini Entry: if candle closes above 186
Moving Average Crossover i.e. Short Period Moving Average Crossing Long Period... Also known as Fast Moving average crossing Slow Moving Average. In simple terms - a 9 Day MA crossing 20 MA or a 20 MA crossing 50 MA. ENTRY - Take the next trade of the cross over on close or near the close. PROFIT - As per Risk Reward you set or Ride till the reverse happens...
Although, there are counts out there doing a big WXY , I'll be taking this large movement down on the weekly frame impulsive down and I have my reasons for that. The down move was nice and fast and this bounce has a volume confirmation pointing towards a down move.I don't disagree to the fact that this looks equally reasonable with WXY as primary but I don't buy...
Buy Available at very attractive price. With Good upside potential. Stop Loss : 58
A quick flip for profits according to falconfury strategy !
How does a stock prepare for a rally (Bullish/Bearish)? Here is an example of a bearish rally. The stock created a top or resistance which could not be taken out. 50 DMA gave a down ward cross to 200 DMA. Price is making lower high and lower low.
This can be good point to go accumulate the stock, provided the close of the week is strong
Stock must hold 100-98 zone for ant strong up trend otherwise looks in danger
long position can be created below 110.