The stock has clear resistance from 117 to 121. It has tried to breach this resistance, however, we can see a big selling. Now the stock is possibly making a cup and handle formation . Price change from the bottom of the cup to the top of the cup is around 45 Rs. If it able to breach the resistace of 118, we can expect up move of 45 Rs from the top of the handle...
# we will make only profit #This Tutorial tell you simple format to check best time to Enter.. # if you want to know about the indicators check my old video. #Indicators only can indicate not give you 100% guaranty. #If you need any help comment or message me.
Almost all chart patterns visible in this long journey A brief Idea on how to track n trade a single stock over n over again through out its journey How support acts as Resistance How Long term resistance never fails to amuse us How trade can happen using MTF (Tracking Daily / Playing Hourly)
This is a chart of indiamart, here i am sharing to learn some logics of rounding bottom along with reasons, targets and stop loss. Here price has formed rounding bottom, and now it has given breakout along with good intensity of volume at same breakout candle, with supporting views by rsi above 60 at breakout, along with macd running positive crossover and now...
"HISTORY REPEATS ITSELF" is a very powerful mantra for success in STOCK MARKET. Anyone can mint money in a bull market but THE ONE who protects his/her money before a market crash is the one who makes profits in the long run... And the fun fact is that market gives enough chances to protect one's capital before the crash. Here I am with one of the very few...
Channel patterns and triangle patterns just consist of support and resistance lines. In a channel pattern, support and resistance lines are "parallel". For a resistance or support line to be valid or strong there should be at least 3 touchpoints. In the given chart, there are more than 4 points each that touch the resistance line and support line. In all 3...
ACC following the H&S Pattern breakdown happen yesterday 300 points down side What Does a Head and Shoulders Pattern Tell You? A head and shoulders pattern is comprised of three component parts: After long bullish trends, the price rises to a peak and subsequently declines to form a trough. The price rises again to form a second high substantially above...
Next correction is showing , price Action is making bearish continuation pattern, if price close lower level of price 4505, expected price will go down, This is for education purpose.Expert can correct me, if I am wrong,as Market is unpredictable.
Housing development finance brekout the specific range .fresh brekout patterns
CMP - 151.85 Triple Bottom Pattern. Three distinct minor lows at about the same price. Short-term bullish reversal
Using multiple confirmations, different timeframes and by applying rules of price action over a chart let's one understand HOW THE PRICE BEHAVES! Here is an example of buying a stock at the lows (Disclaimer: NOT THE ABSOLUTE LOWS) Let's start with a Higher TF- Weekly' The stock is in a formation of a price action pattern called CUP & HANDLE, where CUP is...
Ross Hook pattern (simple) explanation using Bank Nifty Daily chart : We tried to explain Ross Hook pattern in a very simple way here taking Bank Nifty Daily chart as example. Ross Hook pattern can be termed as an extension/correction/advancement (as per me) to 1-2-3 pattern. The difference which can be noticed is hook kind of formation after point 3 where...
Nifty updates for reversal point as per price and timewise cluster marked over chart
Price and Time wise reversal point of Bank Nifty as price cluster and time cluster marked onthe chart
Buy around 2800 to 2850 for the last push.. Just a view better consult professional advice.
WaveTalks - Nifty: Channel Trading Strategy There are three (3) types of channels: 1. Ascending Channel (higher highs and higher lows) 2. Descending Channel (lower highs and lower lows) 3. Horizontal Channel (ranging) ------------------------- Ascending channel ------------------------- An Ascending channel is a pattern formed from two upward trendlines drawn...
NIFTYPHARMA index is forming the rising wedge formation on the daily chart. Rising wedge is a reversal pattern and is usually followed by a bearish price movement in the short term. This, along with the fact that a lot of pharma stocks are exhibiting similar bullish reversal patterns is a warning sign for pharma bulls. Best to refrain from entering fresh long...
Looks to be a triangle breakout in day chart for IGL with good risk to reward ratio IGL BUY at 525-510 target 593 SL 498