Importance of Trading Ranges in Trading

Trading ranges are important factors in determining support and resistance levels as reversal or as continuation patterns. A trading range is a period of time when prices move within a quite tight range. This signals that the forces of supply and demand are neutralizing each other’s. When the price breaks out of the trading range, that when fresh buy or sell signal is generated and right time trade with stop loss. A price breakout above is a victory for the bulls and a breakdown below is a victory for the bears.

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Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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