RULES TO KEEP IN MIND:- A visible uptrend must take place before the diamond top formation. The diamond top formation must be well stated with four trend lines that links to each other. They should not be far apart from one another. Place a sell order at the market after a break and close beneath the uptrend close to the finishing of the pattern. Traders often...
A good opportunity to test and learn Trend to make a profitable Trend plan watch NMDC Break out and re-test
Nifty has been in the parallel channel for quite some time and has completed the 5th Elliot wave. We are likely to see a zig-zag correction where wave A is completed. Wave B is most probably the last bull run we'll see ahead of Diwali. The support line of the parallel channel is likely to be broken and I'm expecting a sharp correction in nifty (wave C) to 17000...
# STEPS # first see that the price is respecting moving average ( there is no best moving average) # second draw a trend line like this example # entry trigger is the candlestick patter Important - the price must in uptrend and tested moving average 2 times Keep learning and earning
Look at past breakouts as well. Showing steady progress with frequent Breakouts Hope history tends to repeats
Look past breakouts as well Showing steady progress with frequent Breakouts
Whenever price make higher lows or lower lows into any support level and resistance level It will show a good BREAKOUT OR breakdown Or When ever any big move into support level and resistance level it will not break the resistance level and support level Keep learning
The above chart is of TCS on 15 min TF. The chart has formed various patterns and shows the price action after successful completion of the pattern. Hope rarely we can found a chart which exhibits most of the patterns in a single chart. Here are some of the patterns which i was able to identify: (A) Bullish flag pattern: After recognizing and marking the...
A Tutorial on Support and Resistance - Part 1. What are Support and Resistance ? Support - Is the price level from where people expect maximum buying/demand to come. 1. Price is falling and it is expected to reverse and move up from Support. 2. Support level is always below current price level. 3. Is used to create buying positions or book profits in shorts. ...
Solutions are most welcome! Tell me how can i solve this .
5 waves upmove of EWT completed in Neuland and then it gave bearish Head and shoulder breakdown. After breakdown it created a gap. Price cam to fill the gap and started trading down. Parallel channel is also visible in recent consolidation. Price may do zig-zag within the band giving false bullish EMA crossover to onboard the new investors which missed the...
Aarti Ind. ltd. This stock has taken Resistance twice at same level, then it consolidated as a parallel channel at that same zone, and then it given good breakout from parallel channel along with good intensity of volume, Now it has retraced almost 78.6%, co-incidentally (1) same resistance zone, (2) Parallel channel's top, (3) Support trend line and (4) 200...
Here we are seeing NIFTY of daily time frame, here we can see that candles between two vertical line are clearly in up trend and RSI for the same is showing slite divergence on down side which shows the clear indication that there may be change in trend in future and same did happen, NIFTY is now trading in sideways trend.
This is the best setup that work best for me Whenever price rejected from any support or resistance level I enter the trade This setup work because trader go short and put their stoploss near the support level so because of this she price Make a move upward for retest the stoploss of short trader hit and they exist which help price to move sharply Secondary...
you can se that price is stuck in the range on 4 hour time frame I prefer to take entry on the first pullback after breakout or breakdown But in this case I enter the trade with breakdown become I get 2 confirmation The RSI level is falling below 50 and a golden crossover of 50 and 200SMA SL - NEAR THE CROSSOVER TARGET - AS MUCH U CAN GO WITH HELP OF MOVING...
HEAD AND SHOULD PATTERN I am sure that you heard about the head and shoulder pattern this is the best example of head and shoulder Head and shoulder pattern is good for reversal of price but if u trade head and shoulder in isolation The. U must stop out . THE strong uptrend donot reverse just...
If u want to trade breakout then you have to focus on price action Near resistance level # The price unable to break a resistance level for long time First time the price break the resistance but it is a feke breakout Second time price break and show a massive move How to avoid fake breakout # have patience the price do 3 things if it is real...
If you want to trade breakout unhave to keep some points in ur mind 1) See price action near the resistance level # price consolidation # candlestick pattern # volume 2) If u miss the trade on BREAKOUT level don't worry price will do 2 thing # price retest the key level # price take pause in terms of...