* A double top is a strong bearish reversal pattern. It occurs when an uptrend fails to make a higher
high and instead, makes an equal (or near equal) high.
* The psychology behind the pattern is that the failure to make a higher high could be an early sign
that the momentum is leaving the uptrend. The equal high is an indication that the previous high
is being...
straight FLAG PATTERN it can break either way so be cautious before taking the trade and don't be caught yourself in fake breakout
DON'T forget to check out my previous idea on Drreddy , it worked really well on 4 hrs time frame
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After giving a Cup & Handle breakout in daily time frame its consolidating around the neckline area 2840-2800. Upside opens for 2950. View would negate below 2780.
I asked one question of each member of my watsapp groups and each member who takes my training one simple question.
“I was short on Drreddy and had a Put position in this but at the end of the day when realized that share might be slightly positive and also has approached my Stop Loss, so I was looking to exit my put the same day, However was unable to do as my...
What is exhaustion?
The exhaustion is a stage at which buyers are tired out(in an uptrend), either because the price made a new all time high too fast with a huge gap (where the valuations are unacceptable for the buyers) or the price ran too fast into a resistance zone where the buyers do not want to buy because of supply risk at the resistance.
Normally...
nifty pharma was weak in the previous month while when market is setting record highs, this sector is silent as of now... as per chart it must be the one who may provide strength to nifty ! in the days to come !
