After the previous idea, I thought to make another index with 10 stocks of which I chose for basket.
ESCORTS
RELIANCE
APOLLOHOSP
BIOCON
CONCOR
DABUR
JUBLFOOD
TORNTPOWER
AMARAJABAT
SHREECEM
Each has equal allocation.
This is an interesting way of making projection.
This is a good example for a triangle chart pattern.. i have mentioned where to Buy , where to put SL, how to measure Target and where to Exit(Target)...
Simple strategy to determine whether a market is in trend or not.
Breakout implies trending of market.
Consolidation shows market is range bound.
Scaling in 4 times the time frame will show the activity in details and Entry into the market can be done in smaller time frame.
This strategy is suitable for both Range traders as well as trend traders.
Possible...
Taking A Right Breakout Trade Can Be Really Benifical, But What If It Is A Fake Breakout , Than It Will Be A Real Pain ....
There Is No Way One Can Completely Avoid All The False Breakout , But It Is Possible To Avoid Most Of Them With Certain Strategies ,Which We Are Going To Talk About In This Post .
.
So, Lets See How To Not Trade A Breakout And Avoid Fake...
A Double Top is considered a bearish signal, indicating a possible reversal of the current uptrend to a new downtrend. Sometimes called an "M" formation because of the pattern it creates on the chart, the Double Top is one of the most frequently seen and common of the patterns.
The Double Top is a reversal pattern of an upward trend in a financial instrument's...
Hi all, today we are going to see one of the most important concepts for day trading. This is an updated version with better illustrations and more exhibits. I have taken all the content from the book “Secrets of a Pivot Boss” and added illustrations and charts so that you don’t have to read the complete book. I am merely a presenter of the concepts written by...
Trading breakouts is a most profitable trading strategy that involves buying or selling an asset after a long period of consolidation.
Confirming breakouts before jumping into a trade is the key task to become a successful breakout trader.
Now lets see about the important key points to consider to confirm such valid breakouts
TYPES
There are different types...
Railway track pattern
Don't know how many are known to this pattern but in my trading years i have noticed that Morning star/Evening star and railway track patterns are the most seen candle stick patterns at reversals
i personally trade this pattern in all the markets. Some even call this as order block. It...
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...
Inverted hammer candle is candle stick pattern which shows a price rejection area on upper side. We can go for sell a stock with the help of inv. Hammer candle by confirmation of next bearish candle move.
Today in the morning we got the inverted hammer candle (with the last two day's double top pattern)on the steps of previous day which was telling us sharp price...
This is how a typical accumulation and distribution phase works in stocks
Usually, we are thought about how to trade moving average cross overs, but actual cinema runs behind the picture is that there is a whole lot of accumulation that goes on by big boys, and a typical breakout scenario is created by distributing which is reflected in chart patterns please go...
What is descending triangle ??
The descending triangle is one of the top continuation patterns that appears mid-trend. Traders anticipate the market to continue in the direction of the larger trend and develop trading setups accordingly.
The descending triangle is a bearish pattern that is characterized by a descending upper trendline and a flat lower trendline...
What is Breakout Trading ?
A breakout is a potential trading opportunity that occurs when a share price moves above a resistance zone or moves below a support zone on increasing volume .
For trading breakouts one should be aware of support and resistance . It acts as the backbone of Price Action trading.
What is Support & Resistance ?
Support is a place...
By set and forgot method you defeat the opponent called trading psychology
By this method you can spend time with ur loved once rather than being frustrated without no reason
Remember price move in way he wants so by staying on screen can't change anything
![ESCORTS: [Basket] Comparing NIFTY and set of 10 stocks](https://s3.tradingview.com/s/ssvcu2y0_mid.png "[Basket] Comparing NIFTY and set of 10 stocks")
