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...
The best way to trade a range market or when price is at very low volatile area
Trade when price break the range and trade on 20sma
SL previous candle low
Keep learning and earning
Whenever price make higher lows or lower lows into any support level and resistance level
It will show a good BREAKOUT OR breakdown
Or
When ever any big move into support level and resistance level it will not break the resistance level and support level
Keep learning
Bearish patterns are drawn upsloping. Bullish patterns are drawn downsloping. BC is normally 0.382-0.618 of AB. BC of present upleg is closed to 0.618. Time hormony gives date of 26th Nov to form CD around 17230. I am using ABCD pattern for the first time. CD is not a target but just an estimation of downtrend if continues. You can't short on the basis of Bullish...
you can se that price is stuck in the range on 4 hour time frame
I prefer to take entry on the first pullback after breakout or breakdown
But in this case I enter the trade with breakdown become I get 2 confirmation
The RSI level is falling below 50 and a golden crossover of 50 and 200SMA
SL - NEAR THE CROSSOVER
TARGET - AS MUCH U CAN GO WITH HELP OF MOVING...
HEAD AND SHOULD PATTERN
I am sure that you heard about the head and shoulder pattern this is the best example of head and shoulder
Head and shoulder pattern is good for reversal of price but if u trade head and shoulder in isolation
The. U must stop out . THE strong uptrend donot reverse just...
The underlying chart gives us the data but it is important to look into the options chart for the trade.
We normally wait for the breakouts to happen in the underlying chart but they happen way ahead in the options chart. By the time we take a trade in the options, it would have been late in options pricing.
Below is the bank nifty options chart
You can see...
Few learnings I want to share taking Adaniports daily chart as example:
EMA’s 13,50 and 200 are plotted in the chart. An ideal price should always be near to all EMA’s but due to demand and supply and various other factors, price revolves around the EMA’s. High demand or High supply will make these EMA’s move away from each other. But the fact is after some time...
NSE:IGL
let's make this analysis a bit interactive.
As per this technical analysis #igl share at support if we can find reversal at this levels then igl share might fly from here.
Tell us in comment what you are getting from this view.
******whatever charts or levels sharing here are just for educational...
This tutorial is on the ABCD pattern and the instrument used here is Nifty 50.
ABCD patterns are harmonics patterns from which swings lows and swing highs can be forecasted. The present situation is a bearish ABCD pattern. Each point denotes endpoints of the swings. A, B and C denote known swing points whereas D denotes the new swing high.
The trade setup is...
This video discussed a bearish harmonic pattern that might be quietly sitting & hiding in the price structure if unfolds exactly holding below 16701.85 then the downside support could be 16510-16530 / Below 16500 for 16370-16390.
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Last Nifty Video Idea
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Hope you enjoy the video. Good...
I always wanted more from the swing trades I took and I failed to recognise the right target for my trade which many times lead to the stock going down from a major resistance or a trend reversal because of the resistance zone because of which i had to lose a winning trade many times and with time and practice i realised what is best for me is to sell that stock...
A classic example of Wyckoff Distribution catching retail investors off guard in Olectra Greentech Limited over a couple of years.
It is important to analyze the same chart through different time-frames. New patterns can emerge this way!
Full Text Reference, highly recommended must-read - school.stockcharts.com
PSY—preliminary supply, where large interests...
Hi Friends and Traders,
Thought of sharing this interesting trade that really tested my patience and invoked all sorts of thoughts (that one has to control) to win over the markets.
Perfect Entry
Good Risk to Reward
Market was not in the mood to reward me yet :-)
Went completely sideways for almost 20 days
Stuck with the trade as the price was in HH , HL...
Bulls eys-fibonacci spiral
Gann mentioned about the gift to be obtained when the shell is broken. Thsi is the shell in 15 minutes chart. Whichever side the shell is broken the gift will be yours to take.
