Price Action (PART-29)

 We have already discussed about ETF and SIP in our previous post.

Now in this post I am going to tell you about Price Action. Although we have already posted an article on this but some topics I had left so in this post I will cover those topics.

Please visit this post first to get a brief knowledge about Price Action 

Price Action Link- https://commerceworldteam.blogspot.com/2024/04/price-action-part-9.html

# Important things you should remember in Price Action 

• Identify the market trend.

I have already posted an article on it please check out 

Link- https://commerceworldteam.blogspot.com/2024/03/trend-support-and-resistance-part-8.html

• Don't trade against trend 

• Identify fake breakout and breakdown

I have already posted an article on it so please check out 

Link- https://commerceworldteam.blogspot.com/2024/04/breakout-and-breakdown-part-10.html

• Identify support and resistance 

I have already posted an article on it so please check out 

Link- https://commerceworldteam.blogspot.com/2024/03/trend-support-and-resistance-part-8.html

• You have knowlege about candlesticks pattern 

Link- https://commerceworldteam.blogspot.com/2024/04/single-candlesticks-pattern-part-12.html

https://commerceworldteam.blogspot.com/2024/04/double-and-triple-candlesticks-patterns.html

• Chart Patterns 

Link- https://commerceworldteam.blogspot.com/2024/04/chart-patterns-part-14.html

https://commerceworldteam.blogspot.com/2024/04/continuous-chart-pattern-part-15.html

https://commerceworldteam.blogspot.com/2024/04/neutral-chart-patterns-part-16.html

• Volume

Link- https://commerceworldteam.blogspot.com/2024/04/volume-analysis-part-18.html

• If you don't know how to place support and resistance then you can use Pivot indicator 

• Go to the Pivot's settings and select Fibonacci for better result

• Gap up and gap down also act as a good support 

• According to past 20 years data, In January and February, Nifty and Bank nifty correct.

• If you want to check the trap then you can use many apps and websites like Quantsapp.

If you have not visited our last post on ETF and SIP then click on this link or copy it and paste it on chrome 

Link- https://commerceworldteam.blogspot.com/2024/04/etf-and-sip-part-28.html

Please comment below if you like our post and also comment below if you face any kind of difficulties 

Thanks for visiting