A double bottom looks similar to the letter W and indicates when the price has made two unsuccessful attempts at breaking through the support level. It is a reversal pattern as it highlights a trend reversal. After unsuccessfully breaking through the support twice, the market price shifts towards an uptrend.
A *LONG HEDGE * REFERS TO A FUTURE POSITION THAT IS ENTERED INTO FOR THE PURPOSE OF PRICE STABILITY ON A PURCHASE. LONG HEDGE ARE OFTEN USED BY COMPANIES THAT KNOW THEY NEED TO PURCHASE A COMMODITY IN THE FUTURE AND WANT TO LOCK IN THE PURCHASE PRICE. THE LONG FUTURES POSITION MEANS THE BUYER OF THE COMMODITY IS MAKING A BET THAT THE PRICE OF THE...
This is only for educational purpose
Upper Channel Break down and Possible Head and Shoulder formation
Explained in the chart.
BANK NIFTY ASCENDING CHAANNEL FORMATION SPOTTED Any of my investment or trades I share on my view are provided for educational purposes only and do not constitute specific financial, trading or investment advice. ... You must be aware of the risks and be willing to accept them in order to trade or invest in markets. Don't trade with money you can't afford to...
DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the personal views of my research. You are advised to rely on your own judgments while taking any investing/Trading decisions. Past performance is not an indicator of future returns. Investment/trading is subject to market risks. Seek help of...
Lemon tree on a daily chart broken the descending trend line. It has done retest at the trend line and formed a bullish candle. Lets wait for the close and see upside rally
Everyone think about how to find target at 52 week high this is illustration of yesterday trade you can find it by a some ways here is one way. Trendline you can see in charts how stock gave breakout and touch the target trendline
Entry @ 78 to 80 with a stop loss at 73 for initial targets of 85
Rounding Bottom, Strong resistance line is broken. Enter at pullback near resistance turned support zone
Watch RPP infra on a daily chart, if it breaks the descending trend line, it can reach 65-75 levels
EMA full form is *Exponential moving average*. you can google this for detailed explaination and formula. I use 30 week EMA for my stoploss that means, the length chosen is last 30 week on weekly timeframe. if you are using daily timeframe you can use 150 Day EMA (as 5 working days for week * 3o weeks). NOTE- The length choosen is not an fix and not compulsory...
Nifty chart for reference