Static dynamic support if coincide together then zone is high probable trading and investing zone and same for static and dynamic breakout coincide together is also high probable trading and investing zone. like the page if u love this depiction
Learn how to determine SL levels using BREAKOUT INDICATOR. This indicator not only helps in finding BREAKOUT trades but also helps you determine SL levels, target levels and much more. Combining with 44EMA you can take your trading to the next level. The best part is that it works on any script, be it cryptocurrencies, commodities or indices. Never take a SL...
Patterns have been in use for as long as technical analysis have existed and are working today also, traders all over the world try to find patterns in chart to anticipate the possibility of the next move for any Index or stock. Pattern have a reason for working this greatly because all the patterns have an underlying psychology behind it and all these are driven...
Hello Friends, Trendlines are one of the best part of technical analysis, see how resistances turns into supports, and supports turns into resistances. One can start with practicing with Trendlines...! 1) Trendline is the base for all the technical patterns. So pls start practicing drawing trendline charts and then slowly move to next patterns. 2) Practice...
This is a chart of indiamart, here i am sharing to learn some logics of rounding bottom along with reasons, targets and stop loss. Here price has formed rounding bottom, and now it has given breakout along with good intensity of volume at same breakout candle, with supporting views by rsi above 60 at breakout, along with macd running positive crossover and now...
The markets were/are in a state of frenzy. Any strategy with a long bias would have had a positive expectancy, even the ones that don't have an edge. It is vital for traders to build good habits because bull runs don't continue forever. Right now, you can buy the highs and still get away with it because the market is flush with liquidity and inexperienced, new...
Multiple confirmation for breakout (GBPJPY) : We want to share a perfect example of breakouts. There are multiple confirmation of break out on a daily basis for GBPJPY : • Flag pattern breakout • Double bottom breakout • Head and shoulder breakout • EMA 13 cross over of 50 EMA and recent support of 200 EMA twice Disclaimer : This analysis is only for...
Consolidation for long time, better it is. You just need to wait for breakout.
Hello All, PSU banks have been underperformers, however I can see a turnaround in this sector. A very beautiful VCP pattern is in formation and with a breakout of the horizontal line we may see some good rally in PSU banking stocks. Now, what to do after knowing this? How to look for stocks in this sector which may give good returns? Simple solution: 1) Take...
NIFTYIT/NIFTY relative strength chart has broken out of its bull flag on the daily chart. Going by this, we are likely to see IT stocks continue to outshine in the near future.
I tried multiple times to catch a breakout on ITC and it has had it's ups and downs. 1st position I built was on 1st June. I tried to be a little greedy with the possibility of a reward, chose Options. Bought 220 CE and ITC being ITC promptly retraced back below resistance, and pretty much wiped out the money in the position. The 2nd time I tried a month...
BSE:LINDEINDIA LINDE Round bottom Breakout
NSE:NESTLEIND Nestle might give channel breakout above 19650-19700 rage and target is around 21000
What is RSI negative divergence? Negative divergence happens when the price of a security is in an uptrend and a major indicator such as relative strength index (RSI) heads downward. Price has fallen almost 25% from all time high levels, it has given breakout from the falling trend if sustained can make a new all time high but first price has to clear ₹ 206 levels.
- Stock to give a bull run - Stop loss should be tight around 135 range because once the stocks goes below 135 range it has a high probability to go till the demand zone 110. - If the stock touches the demand zone at 110 can re-enter there. - Can anticipate a 12% move till 155 range
1. Find stocks which trading in a range. Longer the range - the bigger the move. 2. Wait for price to show strength. Don't jump all in at the breakout. Gradually build positions. Take a small position at breakout and a bigger one at pullback continuation.
This is a quick guide into using relative strength charts (or RS charts) that will help you pick stocks that are stronger than the broad market or identify sectors/industries that might outperform the broadmarket.
Bullish flags are a continuation pattern found in stocks with a strong uptrend. As can be observed, the pattern resembles a flag on a pole. The vertical rise forms the pole and the following period of consolidation forms the flag. The flag can be a horizontal rectangle but mostly angles down from the pole. The focus should be more on the underlying psychology...