WEEKLY DOWN TREND STOCKS

Money Times - - Trading On Technicals -

Let the price move above Cen­ter Point or Level 3 and when it move back below Cen­ter Point or Level 3 then sell with what­ever high registered above Cen­ter Point or Level 3 as the stop loss. After sell­ing if the prices moves to Level 2 or below then look to cover short po­si­tions as the op­por­tu­nity arises. If the close is above Weekly Re­ver­sal Value then the trend will change from Down Trend to Up Trend. Check on Fri­day after 3.pm to con­firm weekly re­ver­sal of the Down Trend.

Note: SA-Strong Above, DP-De­mand Point, SP- Supply Point, SA- Strong Above

*Note: Up and Down Trend are based of set of mov­ing av­er­ages as ref­er­ence point to de­fine a trend. Close below av­er­ages is de­fined as down trend. Close above av­er­ages is de­fined as up trend. Volatil­ity (Up/Down) within Down Trend can hap­pen/ Volatil­ity (Up/Down) within Up Trend can hap­pen.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.