Looking for charts of more stocks? Click here for list of other charts
How to look at the charts for profitable trades?
Chart has 3 trends channels:
Chart shows candles of 3 times frames together:
Chart also shows
A good traders look at bigger picture collectively, not just 1 indicator.
How to know if Buy decision is correct?
Major trend channel is pointing upward, price is above intermediate channel, and micro trend has blue line above red line.
Stop loss is red line of intermediate channel. Price should close below this line on 5 min chart.
Targets - Normally profit booking is recommended when micro trend changes i.e. blue line closes below red line.
How to know if Sell decision is correct?
Major trend channel is pointing downward, price is below intermediate channel, and micro trend has red line above blue line.
Stop loss is blue line of intermediate channel. Price should close below this line on 5 min chart.
Targets - Normally profit booking is recommended when micro trend changes i.e. blue line closes above red line.
You can always refer back to hourly and daily trends (candles moving up or down) for swing or short term trades entry.
** Disclaimer: Trading/investing is the riskiest form of earning money. Please consult your adviser before risking money in trade or investing in stocks. Sachin Bhatia Equity Research is not responsible or liable for any loss in trade that you incur because of trading based on chart shown above. Look at chart purely and solely for knowledge purpose only. The clients of Sachin Bhatia Equity Research may or may not have open position in stock for which chart is shown above or on other pages of this website.