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.
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...
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)
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Ascending channel
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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...
The markets were/are in a state of frenzy. Any strategy with a long bias would have had a positive expectancy, even the ones that don't have an edge. It is vital for traders to build good habits because bull runs don't continue forever. Right now, you can buy the highs and still get away with it because the market is flush with liquidity and inexperienced, new...
One thing that is a problem for novice traders is the lack of repeatable trading setups. Manually scanning through charts every day is counterproductive. One might take a trade just for the sake of it if they do not find anything worth trading.
This pattern can be scanned very easily on charting platforms. Lack of patience is very real during early days as a...
Multiple confirmation for breakout (GBPJPY) :
We want to share a perfect example of breakouts.
There are multiple confirmation of break out on a daily basis for GBPJPY :
• Flag pattern breakout
• Double bottom breakout
• Head and shoulder breakout
• EMA 13 cross over of 50 EMA and recent support of 200 EMA twice
Disclaimer : This analysis is only for...
Few learnings I want to share taking Adaniports daily chart as example:
EMA’s 13,50 and 200 are plotted in the chart. An ideal price should always be near to all EMA’s but due to demand and supply and various other factors, price revolves around the EMA’s. High demand or High supply will make these EMA’s move away from each other. But the fact is after some time...
RPSG Ventures is an Indian Co in the IT sector
It has witnessed unusually high trading volumes in the recent months in spurts which have been synonymous with 25% upside
In the short term, we can see that the size of red candles almost decreased to a Doji and the share gave signals for a pullback from .628 level with a strong green candle.
The volume during the...
