Hi friends, sharing weekly chart of National aluminum for a breakout retest idea, As it apperas on provided chart that it gives a breakout of rising wedge and a horizontal resistance zone at by the same weekly candle and after this breakout it went well to 98 levels from 88 levels but now after taking resistance from 98 levels it came down again to breakout zone...
Hi mates, As there is a saying in TA that charts are self explanatory, so i feel after seeing this chart that it has no need a long description. So as you can see price breached a horizontal and rising support too and currently price is trading below from that supports and today reached mentioned flip zone (44700-44500) which seems a good support zone now and got...
Hi Friends Good evening hope all are you fine, So first of all Wishing all of you a very Happy Independence Day, here I am doing a short writeup on Trading related mistakes very commonly did by me or a common trader on the occasion of Independence day from whom I want to be free now! So always I wondering that why I or common traders could not make it and after...
Hi mates, sharing four hours time frame chart of Nifty as we can observe on this chart that price is currently trading in a rising channel and gives a impulsive or you can say a parabolic move after breakout and now seems it's slowed down a bit in last some sessions and and on last session made a low of 19563 near to spotted a parallel channel (fresh support zone)...
Hi friends, Sharing daily chart of Nifty as we all know in TA the most important thing is to understand the current trend and price action so by this provided chart it is clearly seems that it is in uptrend so now we will discuss about the price action probabilities in coming sessions as we can see the price trading in up channel with taking a resistance from...
In this video I am sharing knowledge about basic tools for Technical analysis on Trading View for beginners. Hope you like it. Best Regards- Amit
Hi mates here I want to share some key insight about Reversion To The Mean so let's start quickly noted some points sharing below-: So what theory says is that Reversion to mean in finance means that estimate in which the price of the time is above its average range then there is a possibility of it's price being reduced in the future And if it remains below the...
Abbot India looks good on weekly chart by breaking a falling trendline resistance and gives a clean breakout (Triangle Breakout) on above that trendline with good volumes gives a breakout of Bollinger band indicator too so we can see bullish trend will continue in it for the target of 23988. CAUSE OF LONG-: 1- Falling trendline breakout 2- Bollinger band...
Glenmark daily chart is showing strengths followed by breaking falling resistance trendline and giving breakout on relative strength indicator too it is looking like that consolidation phase is over and get ready for further up moves in it that is why I am adding Fibonacci retracement indicator for helping coming resistances and targets too it is looking little...
Hello mates, As I know that this is month starting and this is not a appropriate time to analyze a chart on monthly time frame but I want to go some in deep to find out a pattern or kind of a reversal signs from strong support zones in it in Lupin so I may be find out some useful things could help someone that is all that it breaks a falling trendline on monthly...
Hi mates, By this post i am trying to explain the what are the Conservative and Balanced portfolios what are the differences and how they work so let's start from the introduction i am sharing below. ⚡what is a conservative portfolio As such, a conservative investment portfolio will have a larger proportion of low-risk, fixed-income investments and a smaller...
Hello mates, sharing the commodity silver futures weekly chart for educational purpose for that as we can see that 70000-68000 zones was a hazardous resistance for it and now we can see that price is trading near that zones so for that I am sharing my trading ideas for it below. IDEA NUMBER ONE-: Price is currently trading with well placed support on this weekly...
Exide looks strong on weekly chart by breaking falling trendline resistance with good volume jump and breaking Bollinger upper band too and gives a bullish closing on above both so that we can see coming bullishness in this counter. Cause of long-: 1- Falling resistance breakout. 2- Bollinger bands breakout. 3- Volume breakout.
Hi, friends as you can see on this daily chart of Muthoot Finance it is showing a Rebounding structure after making a recent lows of 915 levels and if we will go to the weekly or monthly chart we can see it is falling from 1700 levels and now showing some strength after creating a base near about 950-1000 levels and currently making higher lows and successfully...
Hello friends, As you can see on this weekly chart of L&T finance that price was trading in a Triangle taking support from bottom line and taking resistance from upper trendline of triangle, But on the last session of previous week it gives a Breakout and close above the resistance so now from here the two visible resistance based target are 107 and 117 zones...
As per the analysis of this hourly time frame provided chart, the outlook for Bank nifty suggests potential downside towards the levels of 43878, 43784, and 43632 the reason it created a double top pattern with bearish RSI divergence and broke a important support level (44144) and closed below so it could face a selling pressure again if price will reach to 44144...
Hello friends I am sharing the weekly Chart of RELAXO Footwear for educational purpose for that as we can see that 825 zones was a good support zones earlier when a Breakout happened in it for many weeks it takes support on that area in the year 2021 and goes for an other breakout after completing the consolidation phase post breakout and now came down from 1450...
After a sharp correction happened from 2500 zones finally it stopped at 1240 levels and some how manage to create a base and was started picking up form there and started consolidations too in a Horizontal cannel and now it gives a breakout from that range bound sessions in channel so I am considering this as a trend reversal and a breakout too for the given...