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...
Ross Hook pattern (simple) explanation using Bank Nifty Daily chart : We tried to explain Ross Hook pattern in a very simple way here taking Bank Nifty Daily chart as example. Ross Hook pattern can be termed as an extension/correction/advancement (as per me) to 1-2-3 pattern. The difference which can be noticed is hook kind of formation after point 3 where...
Nifty updates for reversal point as per price and timewise cluster marked over chart
🛑in Yesterday market analysis i told that there's indecision between buyers and sellers at high level , and today also market is rejected from 38800 - 38900 levels and if you see the BANKNIFTY in Day frame chart we can clearly observe that it forming bearish candles at higher levels -in today market we can observe that there's is indecision between sellers and...
- i was keep telling that market is opening in huge gap up it is not a encouraging move for market , now filling those gaps - another thing to remember while investing in stocks , Smart money is moving away from market - Day Volatility is increased by Nearly 5% , if anyone taken trade without knowing crucial S&R they will hitted by SL -Currently NIFTY is...
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...
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...
400 ema is a very powerful moving average in all time frames especially in 15 and 30 min chart to trade nifty50 and banknifty
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...
NIFTYIT/NIFTY relative strength chart has broken out of its bull flag on the daily chart. Going by this, we are likely to see IT stocks continue to outshine in the near future.
Ascending Triangle: An ascending triangle is a breakout pattern that forms when the price breaches the upper horizontal trendline with rising volume. It is a bullish formation. The upper trendline must be horizontal, indicating nearly identical highs, which form a resistance level. The lower trendline is rising diagonally, indicating higher lows as buyers...
# WE WILL MAKE ONLY PROFIT #The relative strength index (RSI) is a popular momentum oscillator developed in 1978. The RSI provides technical traders with signals about bullish and bearish price momentum, and it is often plotted beneath the graph of an asset's price. #What Does the RSI Tell You? The primary trend of the stock or asset is an important tool in...
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...
Nifty at its curial support of 16630, any fall would take the index to 16580-550. Also, Nifty has made double top and accordingly, likely to test 16380-50 levels soon so that double top pattern can be completed!! Further, if cues are negative from Jackson Hole Event i.e., liquidity cut, we may see a good correction all over the world market. However, as the COVID...
When looking at a Pennant continuation pattern, you will see the following: A flagpole: A Pennant pattern always begins with a flagpole, which differentiates it from other types of patterns (such as the symmetrical triangle). The flagpole is the initial strong move preceding the symmetrical triangle. Breakout levels: There will be two breakouts, one at the end of...
INDY/EEM relative strength chart is reaching its all time high since the introduction of INDY ETF in Nov' 2009. Background info: INDY is the Nifty 50 ETF trading on NASDAQ which mimics the Nifty 50 index. EEM is the MSCI Emerging Markets ETF which invests funds in emerging markets such as China, India, Hong Kong, South Korea, South-east Asia etc. INDY has been...
Hello Traders! Here we gonna learn how one can trade Nifty/Banknifty using pure price action and get better results Assuming that one knows what is Support and Resistance & know about candlesticks So traders, all you need is to draw the support/resistance levels on your chart, here I've draw S/R levels in Banknifty and timeframe I'm using is 15 mins for...
1. Find stocks which trading in a range. Longer the range - the bigger the move. 2. Wait for price to show strength. Don't jump all in at the breakout. Gradually build positions. Take a small position at breakout and a bigger one at pullback continuation.