Currently Nifty is Retracing. So the burst may not be with throttle, Nevertheless, OBSERVE and LEARN how and why if it runs/fails.
Hindalco stock price gave a triangle break out pattern. If the stock price closes above 400 in a 1hour time frame. Then we can target 440 in short term. This analysis is only for educational purpose.
Titan consolidated and now trying to move further up side...Consider it for short term
Hello all, today we are going to learn about divergence. A simple topic, which often confuses the newbies. I'll keep this thread short since this will lay the groundwork for the upcoming threads. Please go through this thread before proceeding to the next threads. Foreward In this thread, I would explain the following as easily and briefly as possible: 1. What...
Looks like a triangle breakout in IGL on Day Chart with good risk to reward ratio. All levels are mentioned in the chart. BUY at CMP (525) WITH SL 499 , TARGET 590++ *********************************************************** Please trade at your own conviction.
A bullish engulfing pattern is a candlestick pattern that forms when a small Red candlestick is followed the next day by a large Green candlestick, the body of which completely overlaps or engulfs the body of the previous day’s candlestick. Bullish engulfing patterns are more likely to signal reversals when they are preceded by four or more black...
HDFCLIFE - descending triangle / pennant Breakout alert ahead. Self explanatory chart. For educational purpose only. I am not a sebi registered expert. Trade at your own risk. Feel free to text & Share your views.
How to find targets in any stock ? We all know that every stock is unique and it moves in certain style/direction/traits Targets are found via Support Resistance in any stock which has a historical data For e.g. what will happen if price is at ATH and no resistance for its target SKY is the Limit refer Adani Ent Chart An deep understanding of Support & Resistance
The market never moves in a straight direction. It is characterized by so called zig-zag pattern. Depending on the direction of the market it can be labeled as "Trend of the market". A vast part of technical analysis is based on this trend analysis. The market is usually classified into three different trends. Uptrend Downtrend Sideway trend 1) An ...
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...
LICH has given a breakout of trendline and also 10-day exponential moving average crossing upward of 20-day exponential moving average if the stock trade above 424.70 and sustain then buy for the level of 463 (target)
Foreward In this thread, I would try with the best of my knowledge to explain the following questions as easily and briefly as possible. 1. What is a support level? 2. What is a resistance level? 3. What is their importance? 4. When and where to place Buy/Sell orders? Introduction Support and resistance levels are a critical part of trend analysis because...
Market structure keep on changing as per the participants mindset and sentiment. The way a trader handles his trade changes according to that For example, if you are driving in a highway, you can drive fast. Inside the city you are not allowed to drive fast. Similarly, according to the market structure you have to use your trading strategy, risk management and...
All markets go through cycles of expansion and contraction. 📈When a market is in an expansion phase (an uptrend), there is a sentiment of optimism, belief, and greed. Typically, these are the main emotions that lead to a strong buying activity. Sometimes, a strong sense of greed and belief overtakes the market in such a way that a financial bubble can form....
Harmonic Patterns in any Markets. Harmonic price patterns take geometric price patterns to the next level by using Fibonacci numbers to define precise turning points. Unlike other common trading methods, Harmonic trading attempts to predict future movements. (Investopedia) The patterns were introduced to the trading world by Harold McKinley Gartley in 1932....
Looks like the entire ferro cycle is repeating and GPIL chart shows exactly that.
This post I have created for education purpose for the beginners. This is simple analysis without using any indicator. One should use 30 min timeframe for intraday only just to see what's happening on big timeframe. 30 min TF is not good for intraday and I wouldn't suggest this to anyone. My stoploss would be below the breakout candle also because it is below...