📚 LEARN MORE 💰 EARN MORE With ForecastCity What is a Range-Bound Market? A range-bound market is one in which price bounces between a specific high price and a low price. The high price acts as a major resistance level in which price can’t seem to breakthrough. Likewise, the low price acts as a major support level in which price can’t seem to...
Idea just to identify the pattern. Homing pigeon, is a pattern where a small body candle is formed inside a big candle. It indicates weakening of the down trend. Wait for confirmation candle.
This is pure educational post, and this post is not for analysing further movement. Many viewers think why I am analysing Nifty on 15 min candlestick, well actually I analyze in multiple TF. If you're a nifty trader, then you need to realize the importance of even 5 min candlestick. One strong 5 min candlestick can be of 50/60 points of nifty. Imagine this one...
See Although Godrej Prop has triggered that has triggered as per the mechanical methods of Bollinger Band. Now it can obviously fall. We always have our 50% chance of being right. But this is a case I will avoid as “I think” it is a continuation of the uptrend. This is a short timeframe analysis and if we see the higher timeframe - The short triggers on the...
head & shoulder pattern formation
SMS Pharma : Flag Bullish Pattern Breakout above 103 SL: 78 Target : 165++ as per technical... educational purpose only
disclaimer - based on personal view.
Flag Pattern breakout as shown on chart. This is a bullish pattern. Target is height of the pole in pure theoretical terms. Idea published just tot identify the Pattern
head & shoulder pattern formation
cup & handle pattern breakout
Greeting Traders Bearish Head and shoulder pattern as a reversal signal in an uptrend.
disclaimer - for education purpose based on personal view
pls refer chart
buy when candle closes above 2084 target and stoploss as mentioned