Bank nifty hourly time frame. A good triangle pattern formed but broke down like brittle glass just after giving an hourly close above the breakout level. This is a classic study opportunity to understand how breakouts fail. Even a positive close doesn't mean anything unless price action supports it. PS: One can always go short from the low of hourly candle with...
Triangles are very common and promising patterns. Normally they are considered as continuation patterns in the direction of prevailing trend. I am presenting here three useful entry techniques. None is better than the other and each one has its own strengths and weaknesses. ANTICIPATION SETUP As the name suggests, the trade is taken before the triangle...
Preface Alright, the operation started after creating an extreme low at 120.20. Price has created an upward channel from the extreme low, where the equilibrium has occurred between bull and bear traders. Control line has given eleven touches, which shows the strong gravitation at the middle. Here, we can see four reversals on the upper band, and three reversal...
This charts shows the possible areas where one can look for trading opportunities (through Price Action Strategy) and be profitable from it. Swing Trading is better for beginners in Stock Market and Price Action is one of the ways to approach Stock Market. Through Price Action, one can identify the current market structure (uptrend/downtrend/sideways) and so...
AB = CD once the Descending triangle base breached, target for sell has to be AB = CD .
** The shooting star candlesticks pattern, also known as the Pinbar (or bearish pinbar/inverted Hammer) by some, is one of the most popular candlestick patterns among price action traders. It was the first candlestick signal that I relied on, and one that I still use today, although I trade it much differently than most other price action traders. # What...
It has given a fresh breakdown in hourly time frame which suggest a retest of 500 and then 460. View would be negated above 555
Charts just can't be any more beautiful than this
Notes on the chart. Do hit the like button. Regards Bravetotrade
Check out EXIDEIND. A Trade setup is possible very soon. Either a breakout or a breakdown the triangle. This is NOT an investment recommendation nor I am a SEBI Registered Technical analyst. Invest only after consulting your financial adviser.
Guys today we are going to discuss about Adani port initially I would would discuss how it was in a uptrend, there after I will show that how we could have identified that it will turn into a down Trend. (Please open this post in a Separate Tab. And using mouse click on the chart and move cursor to the left to see the remaining part of the chart) Adani port was...
THIS IS THE SECOND PART OF THE ANALYSIS ON NIFTY FALL. IF YOU NOT READ THE PREVIOUS ONE, PLEASE READ THE SAME FOR BETTER UNDERSTANDING. I HAVE ALSO SHARED ITS LINK BELOW. Exactly as per our prior observation, On 11 October Nifty and Bank Nifty crashed 300/800 Points at opening and thereafter showed a little recovery. However it ll be incorrect to assume any...
NSE:JSWSTEEL has already given a breakdown with RSI Divergence and pull back is done. The support is now acting like a good resistance. Therefore, next supports level for NSE:JSWSTEEL are drawn on chart.
I believe that this month could decide a clear direction for us. This week it had a breakdown below 10700 support level and an important trendline (of course signs of bearishness). But the Friday's pullback was as strong as the breakdown. To my surprise there was no sustained reaction from 10700 and it managed to close above support. What Next? Scenario 1 : We...
We generally talk about breakdown and breakout confirmations. I have tried to present what confirmations actually are and how they are traded. Some traders use indicators for confirmations, but in this post i have discussed confirmations based on price action only. Same strategy can be used for breakouts. Notes on the chart. Hit like/comment for better...