just view , do not trade.... don't forget to see what happened in next day and answer in comment if you like it,
TCS - Pitchfork (Educational)
Today's Market Rhythm :- given below... Day :- Technically day trend is "Down", with price staying below DLEma 10630 level. Weekly :- Technically week trend is "Sideways",with price staying below WHEma 10632 level. Month :- Technically month trend is "Sideways", with price staying below MHEma 10739 level. Trade Advice :- Traders can creat fresh position for...
Today's Market Rhythm :- given below... Day :- Technically day trend is "Up", with price staying above DHEma 10361 level. Weekly :- Technically week trend is "Up",with price staying above WHEma 10386 level. Month :- Technically month trend is "Up", with price staying above MEma 10356 level. Trade Advice :- Traders can close all long position and intiate fresh...
Today's Market Rhythm :- given below... Day :- Technically day trend is "Up", with price staying above DHEma 10329 level. Weekly :- Technically week trend is "Up",with price staying above WHEma 10377 level. Month :- Technically month trend is "Up", with price staying above MEma 10364 level. When trend in all T/Fs are aligned together, holding position for more...
Today's Market Rhythm :- given below... Day :- Technically day trend is "Up", with price staying above DHEma 10294 level. Weekly :- Technically week trend is "Sideways",with price stying below WHEma 10361 level. Month :- Technically month trend is "Sideways", with price staying below MHEma 10580 level. When trend in all T/Fs are aligned together, holding...
EDUCATIONAL BEL Descending Triangle with increasing volume last two sessions. It's also close to 50 Day EMA as well. Can be shorted if it breaches the triangle with good volume and confidence. Target1-175.00 Target2-172.00 Target1-169.00 SL - 185.00
In the above chart, I have a drawn a closing price resistance line in blue indicating a highest candle close on the chart, now the price action needs to close above that previous resistance to indicate further upside movement in the stock therefore we need to wait for the daily price closing in order to determine and confirm the further movement. In this chart,...
This whole month what I've observed is that Nifty always fills the *opening gap ups/downs* usually the same day or the next day. Could be useful for next such move by nifty. As they say, history tends to repeat itself. Please do you own analysis before taking any trading decisions.
Hello Traders, All of us want the price action to follow our direction of trade but that doesn't happen always. The price action has a natural tendency to move up and down; build ranges and develop patterns. Most of the ranges and patterns are like whipsaws and many traders stuck in these situations and lose money. The most effective ways to deal with such a...
In this educational post, I have covered four types of Gaps breakouts that we observe on our technical charts. 1. Breakaway Gap 2. Runaway or Measured Gap 3. Exhaustion Gap 4. Island Reversal Gap I have explained each in the above post and I would appreciate if you could share your experience in order to enrich others experience and knowledge with real...
---------- Continued from Weekly Educational Series - PART 1 ; ---------- 3. Expectancy So, now we have got our risk reward ratio and winrate. We move on to calculate the expectancy of our trading strategy. The formula is, Expectancy = (Probability of Win * Average Win) – (Probability of Loss * Average Loss) So, in our scenario, where, Risk...
For the benefit of other traders, I am starting a weekly educational series where i will be covering lots of topics related to trading which everyone should abide by. It will be in simple language and easy explanation so that everyone can understand. There will be further detailed explanation of nuances if required by the members. So, starting with the first...
This is an interesting educational post which I observed last week while analysing charts that were showing Head n Shoulder Patterns. I thought of relating it to the Elliott Waves Theory and found out some similarities in their pattern formation. I have displayed both the pattern formation and indicated WHEN & HOW TREND CHANGES once such patterns are formed. H&S...