Market can be either in trending phase or in a range-bound phase. No trend generally lasts forever in the market.
After prolonged or medium or shorter duration up and downtrend, the market often reverses and a move starts in the opposite direction of the prior move.
Often we find that well defined geometrical patterns are formed in the chart which provides good...
Diamond Top Formation
A diamond top formation is a technical analysis pattern that often occurs at, or near, market tops and can signal a reversal of an uptrend. It is so named because the trendlines connecting the peaks and troughs carved out by the security's price action form the shape of a diamond.
KEY TAKEAWAYS
1. A diamond top formation is a chart pattern...
-> Definition of Inside Candle
As the name suggests, an inside bar chart pattern engulfs the inside of a large candle, some call it a mother bar. It’s a pattern that forms after a large move in the market and represents a period of consolidation.
The inside bar pattern can be a very powerful price action signal if you understand how to trade it...
**** Educational Post:
ASCENDING CHANNEL
An ascending channel is the price action contained between upward sloping parallel lines. Higher highs and higher lows characterize this price pattern. Technical analysts construct an ascending channel by drawing a lower trend line that connects the swing lows, and an upper channel line that joins the swing highs.
The...
****Educational Post:
Head and Shoulder pattern
Head and shoulders is a chart pattern in which a large peak has a slightly smaller peak on either side of it. Traders look at head and shoulders patterns to predict a bullish-to-bearish reversal.
Typically, the first and third peak will be smaller than the second, but they will all fall back to the same level of...
INDICATORS USED:
EMA 4
EMA 9
EMA 18
TIME FRAME FOR ENTRY/EXIT: 5 min
WORKS VERY WELL ON BOTH NIFTY AND BANK NIFTY
As you can see on the chart that when EMA 4 crosses EMA 9 and EMA 18 together then the crossover of EMA 4 is golden crossover.
This is the bookish definition...Now let's look at the applications with complete trading setup
This strategy...
"HISTORY REPEATS ITSELF" is a very powerful mantra for success in STOCK MARKET.
Anyone can mint money in a bull market but THE ONE who protects his/her money before a market crash is the one who makes profits in the long run...
And the fun fact is that market gives enough chances to protect one's capital before the crash.
Here I am with one of the very few...
An Uptrending stock gives many opportunities to enter in it.
But...we miss many of them assuming it as a reversal or before we enter the stock moves much higher again and Risk/Reward ratio is unfavourable for our trade.
Here I am with another tried and tested strategy to find whether it's a pullback or trend reversal and the most IMPORTANT...enter before the...
STAGE 1 (ACCUMULATION):
In this stage the stock consolidates in a narrow price range which usually lasts for months but in some cases years and then breaks on the higher side.
STAGE 2 (ADVACVING):
In this stage the stock price moves in a higher high and higher low structure.
STAGE 3 (DISTRIBUTION):
In this stage the stock price consolidates in a narrow range and...
Let us find out the reason why retailers lose money year after year
To find out that let's understand the 4 stages of any stock/index.
--> STAGE 1:
.This is the stage where accumulation of the stock by FIIs and DIIs takes place and the price trades in a range bound structure ( as shown on the chart ) where buyers and sellers are in equilibrium.
.This stage might...
For the purpose of demonstrating how one can identify a trend change using Support - Resistance and Price Action, I have taken the daily chart of IEX. I had also identified and posted about it before the recent rally.
The first step is to establish a clear support and resistance line. In case of a breakout, I like to keep my target at around the same price...
Toggling between numerous stocks can be tiresome. Using a strategic method to identify potential set ups can save your time and deliver amazing results!
In the above chart,
I first noticed that the price was around its support. It can be confirmed by seeing the previous price swings that the support is well tested.
Next I look at the MACD to confirm if the...
In the chart above, we can see that the trend resistance and support lines are well established, from where prices have bounced and retreated from on multiple occasions.
After a decent recent pullback, we find the Exponential Moving Averages looking up again, almost ready for a Bull Cross.
I personally prefer 9,21 Days EMI for trading in a short time frame of...
For the purpose of explaining the combined use of these indicators,
I have taken the example of TCS - TATA CONSULTANCY SERVICES, which recently gave a clear breakout.
Know your Lines! - By joining the recent highs and recent lows of a share price, we can identify if the share has a well tested Support & Resistance or not. I prefer those with a clear defined...
Bitcoin had a fantastic rally this year but also had seen the worst of the falls due to China’s crackdown. Let’s analyze the BTC chart and find out the critical signs we have observed during the fall and also analyze what’s the current situation.
In this analysis, we will be using Trendlines, Supply and Demand Zones, and RSI. We shall understand them briefly....
#76 (GENIE IDEAS): I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation.and if you have any queries let me know.I HAVE LINKED MY PREVIOUS POSTS ON TCS BELOW .
Leave a comment that is helpful or encouraging. Let's master the markets together .
CMP- 2127.85,Looking good for Monthly Holding
Flag and Pole Pattern is seen
Strong wick Rejection is Also there
#Disclaimer:-I just shared my view for only educational purpose.
Thanks
I've explained how can can use Fibonacci levels in trading using example of NSE:TATA STEEL
. Firstly know your trading perspective, and choose your chart time frames accordingly
. Now use higher time frame chart and draw FIBONACCI RETRACEMENT TOOL from bottom to top(in Uptrend)
and top to bottom (in downtrend) for current trend.
. Mark the levels using...
