Reliance Stock Analysis:
Applying the dual bollinger band swing trading strategy to Reliance stock, let's analyze a recent scenario where the conditions were met:
Breakout Candle: On Dec 14th, a candle closed above UpperBand (20,1).
Volume Confirmation: The volume of this Breakout Candle was significantly higher than the volume of the previous two candles.
MACD Confirmation: Both the MACD histogram and MACD line were above zero, indicating positive momentum.
Previous Candles: In the two candles before the breakout, at least one was red and closed between UpperBand (20,1) and BASIS. Importantly, the red candle did not touch the BASIS.
Conclusion:
By following this swing trading strategy, traders can identify potential entry points in the short term, aiming to capture swift upward movements. However, it's crucial to remember that no strategy is foolproof, and risk management remains paramount in trading. Traders should conduct thorough research and consider additional factors before implementing any strategy.
Applying the dual bollinger band swing trading strategy to Reliance stock, let's analyze a recent scenario where the conditions were met:
Breakout Candle: On Dec 14th, a candle closed above UpperBand (20,1).
Volume Confirmation: The volume of this Breakout Candle was significantly higher than the volume of the previous two candles.
MACD Confirmation: Both the MACD histogram and MACD line were above zero, indicating positive momentum.
Previous Candles: In the two candles before the breakout, at least one was red and closed between UpperBand (20,1) and BASIS. Importantly, the red candle did not touch the BASIS.
Conclusion:
By following this swing trading strategy, traders can identify potential entry points in the short term, aiming to capture swift upward movements. However, it's crucial to remember that no strategy is foolproof, and risk management remains paramount in trading. Traders should conduct thorough research and consider additional factors before implementing any strategy.
交易开始
Price is near resistance zone, trailing stop loss should be the low of current candle.交易结束：到达目标
1:2 Risk Reward achieved@2612
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。