This is the second lecture of the series "basics of the stock market". In this class, we will discuss few candlestick patterns and will try to identify those in the chart.
The hammer candlestick is a bullish trading pattern which may indicate that a stock has reached its bottom, and is positioned for trend reversal. Specifically, it indicates that sellers entered the market, pushing the price down, but were later outnumbered by buyers who drove the asset price up.
** 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...
disclaimer - based on personal view.
disclaimer - for education purpose based on personal view
Usually type of pattern formed in all scripts in 5 mins time frame. Rule: 1 - First candle should be bullish candle. Rule: 2 - next 3 to 4 candles should be bearish or doji or bullish ( not closing above previous candle) Rule: 3 - 3rd or Fourth candle should not close below 1st candle. if so the next candle will be bullish candle. Entry point will be 1 candle...
Reliance sell signal as today we come to know that reliance losses more than 1 lakh crore in market share. Ideas only for education purpose only.
Support and Resistance lines as marked above and a Doji in a downtrend identified.
200 DMA is a great simple strategy which provides good RR trades such as this one. The idea here is simple. Markets tend to be range bound 80% of the time, which is called the contraction phase. The other 20% of the time the market is breaking out, called the expansion phase. To win the game, it is important to understand the probabilities and play the...
In this video we show how to do scalping method with perfect SL trailing. Video Courtesy TRADING VIEW. Video is only for educational purposes. #INTRADAY #BANKNIFTY #STOCKMARKET
This strategy does not work 100% of the time, but it does offer a good risk reward ratio. If the pattern occurs in the first 15 min, wait for about an hour and observe the price action, and take a trade only after the breakout. Taking a trade too early may result in your SL getting triggered too soon. You want to try and make it harder for the market to trigger...
BULLISH ENGULFING AND MARUBOZU CANDLESTICK FORMATION ON SUPPORT
This how big player push weak player out from the rally.