5 Confirmations for better trade entries ::
#StockMarket #nifty50 #investing
1️⃣ Restest/Pullback after at a Breakout Level
Retest after a breakout might not happen all the time; you can at least wait for a pullback and continuation in those cases.
2️⃣ Volume Spikes
An increased volume in your intended trade direction signifies a good follow-up move. If they are falling, then you need to be careful too.
3️⃣ Wick Rejections
Long bottom wicks during pullbacks in an uptrend signify a follow-up move. Long top wicks in a downtrend can singal in more fall.
4️⃣ Key Crossovers
Although moving average is a lagging indicator, it can give an additional confirmation of a trend change, and when combined with price action, you can take better entires.
5️⃣ Look for Immediate S/R levels
Even after your strategy confirms you to take up a trade, keep a look at key immediate support or resistance levels as it can help you to stay away from low probable trades.
6️⃣ For more information like this join my telegram channel.
t.me/kapilpandey8899
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