hello dear Traders,
Once again I have come up with another cup and handle pattern
this pattern is proving very beneficial for me during trading. i will cover the steps in this example of NATCO Pharma.
Step - 1 Pattern Recognition - Very easy pattern Cup and Handle. It is a technical chart pattern used in financial markets and easily recognizable on the...
Hello Falcon Traders
Once again i have come up with an example of Cup and Handle Pattern in making.
This will help you to spot the pattern clearly once its forming up.
The points to note are as enumerated below
first - Time Frame - Always analyze the chart on the higher time frame. in this case i am using Weekly Time Frame.
Secondly -Price Rise - ...
Simplifying Trade Strategies with Dow Theory Wisdom
Welcome to the world of trading, where the Dow Theory can be your trusty guide. Let's break down an easy trade strategy that suits different market situations.
Dow Theory Insights
Dow Theory, a key tool in technical analysis, says understanding trends is crucial. Figuring out the trend is where we start,...
Bullish Pennant:
Its a Technical Trading Pattern which helps to find profitable trades for uptrend movement.
Hey Traders,
HOPE our analysis is adding value to your Stock market trading Journey.
If yes, Hit like button or boost our ideas. Thank you.
In daily time frame CIPLA is on the verge of a breakout above 485. Above which it could go and complete the min bounce/reversal levels (510-520) of a Monthly AB=CD formed near recent low. It has very good support at 475-470.
Reversal or Continuation Pattern
Falling Wedge
Prices are moving downwards, forming lower highs and lower lows, but the price is confined within two lines which get closer together to create a pattern. This indicates a slowing of momentum and it usually precedes a reversal to the upside. This means that you can look for potential buying opportunities.
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