Two Critcal Points. By Analyzing Nifty 50 Chart on 07-04-2021 1) Wide Demand Zone, But Weak Support Area. 14263 - 14517 If Price breaks any of the nearest Trend Line, In Days Closing Then, It is expected The price will fall to this support Area. 2) Strong Supply Zone, And Strong Resistance.14829 - 14881 If Price breaks this resistance at Days Closing, Then...
A good example of how a prior resistance has turned into support
Daily Chart Pattern Share at all time high Break Short time Resistance Positive Volume Build Up Pro Positive last Quarterly Results OPM % grow continuously Profit before tax grow Net Profit grow and all time high Cons Company has low interest coverage ratio. Promoter Shareholding holding Jun 2020 Sep 2020 Dec 2020 Promoters...
This idea is inspired by a strategy often used by market manipulators called Search And Destroy from the book named " How To Triple Your Money Every Year with Stock Index Futures " (1984) . In this book, According to Author George Angell's Search and Destroy day is "...When both previous time high and Low would be taken out..." (p.217) In our analysis we...
Scenario-1 wxy done,currently we can expect either another wave x in the form of ABC or this could be start of an new impulse. As of now stock has retraced 61.8% level of 1493, after giving up move till 1557.Now where this retracement will end cannot be predicted,but generally if 61.8% retracement level is considered to be a good support,hence i am projecting...
BINANCE:BTCUSDTPERP Hi guys, I have ben searching the internet to get the complete lists of binance futures and spot crypto. it was boring to add each asset manually ! I decided to make it myself. i'm gonna copy and paste the list for futures as available at time of writing. You can download complete crypto lists and updated every day on my website, it's free....
There are two key steps to creating alerts: 1. Find Important Price Levels Do your research. Find a price level that looks important and wait. Patience is everything. You have all of the tools available to you to research and follow markets. Whether it's a simple trend line , moving average or a custom Pine Script, use the tools to make better decisions. 2....
In times like these when markets are moving down so much from the high point, it is important to understand this chart. In a Bull market, the market consistently makes higher highs and higher lows. When the market starts moving lower, people start fearing an incoming bear market or a crash. But it is important to note that, if the market is down <10% from all...
ITC following the above patter for few weeks. In few days It will reach 215 easily. I am standing strong on bullish side.
PLEASE STUDY YOUR CHARTS!!! CAN IT WILL FLY TO NEW LEVEL IF IT MANAGE TO CLOSE ABOVE 1230??
The hammer candlestick is a bullish trading pattern which may indicate that a stock has reached its bottom, and is positioned for trend reversal. Specifically, it indicates that sellers entered the market, pushing the price down, but were later outnumbered by buyers who drove the asset price up.
The stock of LT formed parallel Channel on the daily charts,Entry level is above 1550 with the SL of 1490 for the target Levels of 1650-1670.
i am trying to analyze the stocks in this process will try to share educational content. Here you see first time price made double bottom at yellow line meanwhile RSI made Higher Low means bullish then up move happened. Then again price is making Higher highs but RSI showing Lower highs this is called RSI divergence.. Purely educational purpose ...
Wyckoff developed a price action market theory which is still a leading principle in today's trading practice. The Wyckoff method states that the price cycle of a traded instrument consists of 4 stages – Accumulation, Markup, Distribution, and MarkDown. 👉TEXTBOOK EXAMPLE Accumulation Schematic: Wyckoff Events and Phases👈 And this is the accumulation stage...
What is Double Top Pattern? A double top chart pattern is a bearish reversal chart pattern that is formed after an uptrend. This pattern is formed with two peaks above a support level which is also known as the neckline. The first peak is formed after a strong uptrend and then retrace back to the neckline. After reaching back to its neckline, the...
INVESTMENT TRAPS- Anchoring Bias Describes the tendency to only rely on top piece of information and getting anchored to it while decision-making. It causes a lot of oscillation and hinders the decision-making ability. For instance- You had a good return on a stock in the past, your perception on the future returns would be similar, even when the prices might take...
The stair steps pattern overview The stair steps pattern forms along with the trend .It shows an uptrend where the price rises and falls abruptly. The graph reminds the stairs, thus a name of the pattern In the uptrend, you may notice long consecutive bullish candles. Then, the price adjustment takes place and the cycle starts all over again. The price...
Respecting Fib levels on a pullback inside the rising wedge a good opportunity to short with targets of 3040,3000 with SL above the pattern structure.