📚 LEARN MORE 💰 EARN MORE With ForecastCity Ascending Triangle Definition: An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows. It is defined by two lines: . A horizontal resistance line running through peaks. . An uptrend line drawn through the bottoms. The higher lows...
1. Price reaches the overbought level of CCI. (Time Range : 10Feb 13:15 - 16Feb 13:15) 2. Fails to break out off the regression line. (Price Range : 403.90 - 418.80) 3. Takes support before the breakout. (Price range : 393.95 - 413.10) (Time Range : 12Feb 13:15 - 16Feb 13:15) 4. Another confirmation comes right from the MACD : Centerline Crossover...
This is how the market traps retail traders. Most professional traders are looking for this kind of trap to get into a trade, again experience is a prominent requirement to spot this and save yourself from the same. Any sudden momentum looks way juicy and lurking to retail trades as it is profitable in real as well but most of them ended up losing money. Keep...
understanding trends through support and resistance.
Query : How to over come losses and become a profitable trader? Answer : This is Part 4. If you are new, refer Part 1, 2 & 3 for better understanding. Step 9 : In the earlier stage of trading, every trader goes to the “victim state” of mindset often. Try to bring your mind out of it soon. What is the victim state of mindset? Example : Person A feels powerless...
NURECA IPO REVIEW- Introduction to NURECA- -Incorporated on 2nd November 2016 @Delhi. -B2C Home healthcare and wellness product company. -95% Revenue online. -1 manufacturing unit-@Chandigarh. -3 Brands. What does the company do- -company enables people with tools to effectively monitor chronic illness and upgrade their lifestyles. -company...
Every stock, index, commodity etc goes through these 3 phases. Increased volumes in accumulation phase. This can be also a good swing trade.
The trade where The "Theoretical Target" is already hit as it is below our buying point. Step 0: Find the Flag Pattern. Step 1: Wait for the Breakout. Step 2: Place the Buy Order. Step 3.1: Find the Flag's Lower Trend line's lowest point. Step 3.2: Place Stop Loss. Step 4.1: Find the Length of the Flag Pole. Step 4.2: Find the Flag's Lower Trend line's...
The proper theoretical method to set a target in a Bullish Classic Flag.
The proper Theoretical way to plot the Pole of a Classic Bullish Flag's Pattern!
Swing Trading in the current Market: 1) Buy Zone: Here we can make the fresh position on confirmation of reversal from support. 2) Sell Zone: Here we can either book our long side profit or make new short position after confirmation near the resistance level. 3) Breadown Zone: When the market gives a breakdown of this parallel channel then possible strong...
In today's session, IRCTC has given a breakout of rounding bottom pattern. After this breakout, This stock gives quickly our projected initial target is 1750+ which is the height of rounding bottom pattern. Traded position: Buy Entry IRCTC at 1700-1710 Stop-loss 1680 Initial Target- 1750(1:2.5 risk reward)
"Many are called, but few are chosen". Ever heard this proverb? This is certainly true for trading, in fact, there is even a rule in trading about this, the 90-90-90 rule. So what does this rule say? "90% of traders lose 90% of their money in 90 days" 😱😱😱 That's right, statistics show that 90% of people who start trading lose the majority of their money in less...
How do you read a candle? The top or bottom of the candle body will indicate the open price, depending on whether the asset moves higher or lower during the selected timeframe. If the price trends up, the candlestick is often either green or white and the open price is at the bottom. viceversa if price trends down. Why Candlestick is important? They indicate...
Understanding the process of value investing is easy. But it is not as easy to implement The process starts with screening stocks based on its history. -----Stock History: Value investing is about picking blue chip stocks at discounted price. They represent established companies which has a long history trail. Example: stock analysis worksheet does not...
This is an example of the Bullish Flag Formation of ITC. (Spotted by Naman)
This is a step by step procedure of one of my trading strategies.. I really hope it helps you out.. Peace
What is Megaphone Pattern? Megaphone pattern is a pattern which consists of minimum two higher highs and two lower lows. The pattern is generally formed when the market is highly volatile in nature and traders are not confident about the market direction. Normally this pattern is visible when the market is at its top or bottom. The greater the time frame is...