Hi Friends, Wanted to share this learning of SIMPLE PRICE ACTION Techniques that once practiced with patience yields results !!! #FANOFTRIANGLES #PRICEACTION #SWINGANDPOSITIONAL PRICE ACTION USED BREAKOUT FROM DESCENDING TRIANGLE IN DAILY RETEST IN DAILY FORMING SUPPORT BREAKOUT AND RETEST IN HOURLY FORMING SUPPORT ENTRY Thanks For Your Time....
With Pharma as a sector is amazing set up, ABBOTT is looking to end the downtrend. Looking forward to break the trendline.
Hammers have a small real body and a long lower shadow. Hammers occur after a price decline. The hammer candlestick shows sellers came into the market during the period but by the close the selling had been absorbed and buyers had pushed the price back to near the open. The close can be above or below the open, although the close should be near the open in...
All the details are being uploaded in video, kindly refer it.
The three inside up pattern is a bullish reversal pattern composed of a large down candle, a smaller up candle contained within the prior candle, and then another up candle that closes above the close of the second candle. These patterns are short-term in nature, and may not always result in a significant or even minor trend change. Consider using these...
people often mistakenly see this signal as the morning star signal and book losses. this signal does not fulfill a very necessary condition of the morning star signal, ie., the third day candlestick does not penetrate at least half of the first day black candle which is of utmost importance!
An example of how to plot any stock/index against another stock/index to see if it is strong or weak as compared to the other. Here, we are comparing Nifty Infra index with Nifty 50 index to see if infra sector is going weak or strong as compared to nifty 50. As evident from chart, infra sector is showing weakness against Nifty 50.
“Control your emotions or be consumed by them.” This is exactly how the financial markets play. You need to be cautious enough to surf the wave of emotions. An illustration as to how quickly our emotions change with respect to the market movement has been explained with the help of NIFTY’s weekly chart. Optimism: It is the hopefulness and confidence about the...
EDUCATIONAL NSE:BPCL is following smooth and pure action. It has been taking supports over T1,facing resistance against T2 and crafting a flat top triangular pattern while getting squeezed. NSE:BPCL had also made a falling wedge pattern inside the triangle and too respected it. I had entered in it at 419.2 with stop loss below 400 and patiently waiting for my...
Explained on which trade to take on which kind of camarilla setup. Even Camarilla have Narrow and wide range just like CPR Providing you the knowledge on how to identify trend of the day on the first bar of the day!!!! Drawings and explanation has been given on chart. do your back testing and then see the result. Proving a Small script below of Camarilla.
Gann Master 12 Chart Gann Master 12 Chart (or Square of 12 Chart) is a time forecasting technique discovered by W. D. Gann which works amazingly well in describing longer time cycles. The chart appears as a two dimensional matrix containing 12 rows and 12 columns. Numbers in the chart usually denote time in Years. The matrix is constructed beginning with...
Fibonacci Channels are used to determine fibonacci support and resistance levels within an identified trend. These channels can easily be drawn in both uptrends or downtrends to find potential areas where price action could change. Uptrend When drawing a Fibonacci Channel on an uptrend, a clearly identified trend needs to be established with higher lows ...
The last Chart of Hindustan Copper had many missing the entry before it broke out and hit upper circuit. So here I bring Minda Corp which I think will emulate Hindustan Copper to some extent. This is for everyone to learn as well. Cup has been formed. Now either wait for a small pull back where one can accumulate after it turns around or be ready for it to race...
The Pyramid showing how successful traders identifies their strength in the world of professional trading. Numbers may not be the perfect one but the idea behind this pyramid is to understand that most people spend most of their time in finding the best strategy which we know that does not exist. Strategy : - The top of the pyramid is strategy, which is really...
1. Cup and handle pattern was defined by William J. O'Neil in 1988 2. It is considered as a bullish pattern continuation pattern 3. In cup and handle pattern, volume of the security should decrease as price declines and remain lower than the average at the base of the cup 4. The volume should pick up when the price of the security moves higher 5. Target is...
The Fibonacci ratios are widely used among traders to help identify potential areas of reversal in the movement of price action. The Trend-based Fibonacci Extension tool utilizes three points on a previously identified trend in order to draw the Fib ratios on the chart. In the chart above, price was rejected twice forming a double top which is a fairly strong...
Can we say it as a strong cup and Handle? Since it has formed Handle as a Ascending triangle in day Timeframe which is also the indication of strong Bullish movement. can we say it a strong bullish movement which is gonna take with in a week or may be 2-3 days. BAJAJ_AUTO Day Timeframe cmp = 3879.3 Just for Educationa Purpose. Please Invest on your own idea and risk.
Short at close below B Stoploss at swing top I.e. D point Target at c