This is a recent trade on GU that i took earlier this week. This is a go to set up that ticked all of the boxes perfectly, the key takeaways from this post is about the importance of using the higher time frames to find key areas to enter from as well as key areas to set a PT at. The entry was refined on the 1min chart however the information that we gather from...
NSE:BAJAJ_AUTO Simple guide on how to trade breakouts from ( parallel channel ) trading range. This example illustrates how the parallel channel breakout ideally works out. Please try and spot stocks and index that are currently either trading in a range or about to breakout for trading opportunities, Keep plotting, keep learning and trade with confidence. ...
Presenting a small guide on how to trade breakouts from trading ranges. This trade has already happened, but similar ones can give wonderful profits! Comment, like and share...
need to close abv 160 for fast move towards 200++, 70% holding with promoter & b/o from year consolidation phase. please share your idea, i am right or wrong.
be ready for retest level, can we grab this opportunity if coming near 41/42? please share your view.
Tools Used : VWAP Stochastic RSI Strategy : 1. Look for RSI crossovers (when the blue line crosses the red line either way), in the overbought / oversold zone in particular. 2. For even safer entries, wait for the price to cross the VWAP. 3. Try to buy and sell on or near the lower and upper extremes of the pattern. 4. Look for reversal signals when approaching...
Idea just to identify the pattern. We can see a short term bounce from here, but need to avoid fresh longs. Good to exit stuck positions or booking profits in short term trades.
Now the stock is going to another territory The ascending triangle is a bullish continuation pattern and is characterized by a rising lower trendline and a flat upper trendline that acts as support. This pattern indicates that buyers are more aggressive than sellers as price continues to make higher lows
📚 LEARN MORE 💰 EARN MORE With ForecastCity Ascending Triangle Definition: An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows. It is defined by two lines: . A horizontal resistance line running through peaks. . An uptrend line drawn through the bottoms. The higher lows...
1. Price reaches the overbought level of CCI. (Time Range : 10Feb 13:15 - 16Feb 13:15) 2. Fails to break out off the regression line. (Price Range : 403.90 - 418.80) 3. Takes support before the breakout. (Price range : 393.95 - 413.10) (Time Range : 12Feb 13:15 - 16Feb 13:15) 4. Another confirmation comes right from the MACD : Centerline Crossover...
understanding trends through support and resistance.
The trade where The "Theoretical Target" is already hit as it is below our buying point. Step 0: Find the Flag Pattern. Step 1: Wait for the Breakout. Step 2: Place the Buy Order. Step 3.1: Find the Flag's Lower Trend line's lowest point. Step 3.2: Place Stop Loss. Step 4.1: Find the Length of the Flag Pole. Step 4.2: Find the Flag's Lower Trend line's...
The proper theoretical method to set a target in a Bullish Classic Flag.
The proper Theoretical way to plot the Pole of a Classic Bullish Flag's Pattern!
Swing Trading in the current Market: 1) Buy Zone: Here we can make the fresh position on confirmation of reversal from support. 2) Sell Zone: Here we can either book our long side profit or make new short position after confirmation near the resistance level. 3) Breadown Zone: When the market gives a breakdown of this parallel channel then possible strong...
In today's session, IRCTC has given a breakout of rounding bottom pattern. After this breakout, This stock gives quickly our projected initial target is 1750+ which is the height of rounding bottom pattern. Traded position: Buy Entry IRCTC at 1700-1710 Stop-loss 1680 Initial Target- 1750(1:2.5 risk reward)
How do you read a candle? The top or bottom of the candle body will indicate the open price, depending on whether the asset moves higher or lower during the selected timeframe. If the price trends up, the candlestick is often either green or white and the open price is at the bottom. viceversa if price trends down. Why Candlestick is important? They indicate...