Watch and Learn or Earn
Example of a bullish symmetric triangle breakout on BankNifty as observed on the 15 min charts. As the price moves between the converging trendlines, the point closest to the tip of the triangle, presents a good entry point to go long. The stop loss for the trade was the previous swing low and the target was the day's high. Giving a good 80-90 point profit, with...
BERGERPAINT is near the import fibo level and TL is also forming, once crossed 520 can be good for long.
SRTRANSFIN Descending Triangle
breakup at 2454 will give rally upto 2500, it has been trying in the last few sessions to close above 2450. if it sustains then that momentum will take it new 52W High.
If IGL Closes above 465 then it can rally upto 480-500 levels.
VIEW ON KOTAK MAHINDRA BANK :-THE RANGE IS NARROWING DAY BY DAY :-CONFIRMING POLE FLAG PATTERN :-POLE FLAG PATTERN IS A CONTINUATION PATTERN :-I.E WE EXPECTING A BREAK ON THE UPSIDE :-DIVERGENCE VISIBLE IN THE CHART :-WAIT AND WATCH APPROACH :-TRADE WILL BE TAKEN FOR SHORT-TERM,MOMENTUM AND POSITIONAL AS WELL :-ONCE LEVELS ARE TAKEN I WILL SHARE THE UPDATE
Security is trading between 116 and 120. Upper limit is 122. Bulls will be active above 122 if sustained for 15 mins. Bias - Bullish ⏫ Note - Please wait till the levels are active. View negated if stock is below 116 on closing basis. This is an educational idea which would be updated on further price action observations. In no ways it is a buy/sell recommendation.
Look for shorting the stock as it has broken the support level and wedge line on daily chart.
SYMMETRICAL TRIANGLE FORMATION IN INDUSIND BANK JAN FUTURES PATTERN IS VISIBLE IN THE DAILY CHART HAS A NEARBY RESISTANCE AND SUPPORT VOLATILITY AFTER RESULTS SHOULD NOT BREACH THIS LEVELS !!PLEASE NOTE THAT!! BREAKING OUT OF PATTERN ON FINANCIAL RESULTS ALWAYS RESULTS IN CLEAR DIRECTION AND TREND FOR MEDIUM TERM!! !!TODAYS BREAKOUT WILL BE A DIRECTIONAL...
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.
Hi I think market is at a crucial juncture so there is need to do some analysis. Market has been in a very choppy range for the last week or so. The minor trends in this range were down as market has been making lower highs and lower lows. What if this downtrend continuous? Market has tested an important 50 % retracement level of 10856 on Friday. If market...
Hi Here I come with another educational post. This time I will try to explain the breakout failure pattern along with the psychology and manipulation behind them. For the sake of simplicity, I am taking examples of historical support and resistance levels. I will only explain the breakout failure pattern assuming that the breakdown pattern will be read upside...
Normally we see that after a spike or impulsive move the price gyrates in a trading range. This is the zone where most of traders lose money coz there is no clear direction to play. We can observe this situation in all time frames. In order to play ranges we have to be patient and wait for price to break down the range. See 'A' in the left figure, this is the...
-stock managed to break-out from its flag pattern on 19th dec -it also found new support @50-dma (700) -macd has shown positive crossover -rsi is shown momentum -it looks like we will test 730 before we enter oversold zone PLEASE LOOK IN THE CHART BEFORE INVESTING..... -
Hello Traders, All of us want the price action to follow our direction of trade but that doesn't happen always. The price action has a natural tendency to move up and down; build ranges and develop patterns. Most of the ranges and patterns are like whipsaws and many traders stuck in these situations and lose money. The most effective ways to deal with such a...