be ready for retest level, can we grab this opportunity if coming near 41/42? please share your view.
DOWN SIDE IS STILL PENDING IN AMAR RAJA BATTRI.....
Background: Kindly see my Asian Paint Short Trade Idea (Linked Below). Asian Paints was making Lower Lows and Lower Highs and was moving towards its long-term trendline. Hence, I was eyeing a short opportunity in this trade. However, my entry and exit were not great. So I have analyzed different entry techniques (credit to Franklin O. Ochoa - PivotBoss): My...
Tools Used : VWAP Stochastic RSI Strategy : 1. Look for RSI crossovers (when the blue line crosses the red line either way), in the overbought / oversold zone in particular. 2. For even safer entries, wait for the price to cross the VWAP. 3. Try to buy and sell on or near the lower and upper extremes of the pattern. 4. Look for reversal signals when approaching...
We created Price Note to make it even easier to attach notes at specific prices. We know how important it is to keep detailed notes on your favorite charts and our new drawing tool will help. How to create your first price note 📝 1. Select the tool from the Annotation Tools panel. This is the same place where you find the Text tool. 2. Place two anchor points....
Idea just to identify the pattern. We can see a short term bounce from here, but need to avoid fresh longs. Good to exit stuck positions or booking profits in short term trades.
"Give a Man a Fish, and You Feed Him for a Day. Teach a Man To Fish, and You Feed Him for a Lifetime" - unknown origin* 🔴What does this quote mean, and how does it related to trading (signals)? The quote means that you can indeed resolve an issue by providing a hungry man a fish, serving his immediate need, but if you really want to help him you should teach...
1. The Washout: “Stocks are Going Way Down” At the bottom of a market crash, business news is usually terrible and many authorities declare that things will probably get worse. The public dumps stocks without regard to value. Eventually, though, a point is reached where everybody who can be scared into selling has sold. Usually, the final battle occurs in a...
Now the stock is going to another territory The ascending triangle is a bullish continuation pattern and is characterized by a rising lower trendline and a flat upper trendline that acts as support. This pattern indicates that buyers are more aggressive than sellers as price continues to make higher lows
📚 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.