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Posted on May 09, 2017 04:20 pm
Market goes thru periods of Contraction and Expansion. After Every contraction or narrow ranges comes a Big breakout move, similarly after every Big expansion market goes into period of choppiness. Nifty EOD chart is showing Contracted sideways move. In the example you can see overlapping candles and narrow ranges. So Soon be Ready for a Breakout trade.
NR7 is the technical name for the Narrowest range day (high-low) of the last seven days. If you want to know how to trade breakouts thru price action kindly take the price action course. For more details Call / watsapp 7373339777
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Technical trader is born out of passion. Passion to learn, Trade and share about Technical analysis of the Stock Markets. We all know context is the important aspect of technical analysis. The Sustenance of a big move or a breakout of a particular stock depends on the context in which the breakout is happening. As a Traders coach we teach you how to develop context and trade the stock market. Especially the Nifty and the Bank Nifty.