Trading near swing high/low broken candle

[trade4putuval]

So e.g. of how it moves when comes near to low of candle (bigger than normal) which broke swing high candle.

Today's high was 1200 and close 1184.

So sometime can be used as STBT/BTST.

Great, now what is the target?

• Daily RSI oversold (23).
• Price is trying to avoid entering the ichimoku cloud.
• Daily Chikou at 1252.
• Daily Tenken at 1241.
• Weekly Cloud bottom at 1238.

So target is 1240. Any counter views?

 

[trade4joisar]

Great, now what is the target?

• Daily RSI oversold (23).
• Price is trying to avoid entering the ichimoku cloud.
• Daily Chikou at 1252.
• Daily Tenken at 1241.
• Weekly Cloud bottom at 1238.

So target is 1240. Any counter views?

I am tracking this way of tradiing just to find out the point from where we can get few points in 1/2 days.

As you said, yes 1240 is possibilities, only i am concern about BankNifty inside daily cloud where bottom is 10657.

Let see how it goes.

 

[trade4joisar]

Ultratech Cements near big candle which break swing high and candle low is 1962 (BTW it made low of 1950).

I am long (fut) in Ultratech at 1978.

Let see where it goes.

 

[trade4joisar]

Ultratech Cements near big candle which break swing high and candle low is 1962 (BTW it made low of 1950).

I am long (fut) in Ultratech at 1978.

Let see where it goes.

Exited at 2076.