Nowadays in internet we can get whatever information we need in any subject. Lot of trading related materials are available. Then why profitable traders ratio is very less ? One of the reason is mindset. And another reason is unorganised knowledge. Lets say for example a library contain books in various subjects, but they are not organised subjectwise. In that...
NSE:BAJAJ_AUTO THE SCRIPT HAVE BEEN IN A GREAT UP TREND CONTINUOUSLY FORMING HH AND HL PATTERN SINCE THE MONTH OF MID-APR. UNTIL A DOUBBLE TOP FORMATION HAPPENED AND IT BROK IT MARKT STRUCTURE OF FORMING HH AND HL AND HAVE FORMED LH ARE WE LOOKING INTO A DOWNTREND START OF THE SCRIPT. ONLY FOR EDUCATIONAL PURPOSE NOT TRADING ADVICE. CHART BY HarmonicTrading™
Bullish RSI divergence happens when: 1. RSI is going higher 2.Price is making new lows This denotes the weakness in strength of downtrend, making a potential for uptrend.
This is weekly chart. If sustains above 390 levels, buy with a target of : T1 = 495 T2 = 520 T3 = 550 If sustains below 390 levels, sell with a target of : T1 = 300 T2 = 270 T3 = 245 This is purely my analysis. I will use it for my education purpose too. I may be wrong. Not insisting anyone to buy or sell.
This is purely for educational and fun purposes. No buy sell recommendation is given. This is a weekly chart. If it sustains between green channel. Best buy would be at 3150 for the long term portfolio. I don't know how but if it sustains within green channel then it will be at 3150 on 14th Feb 2022. If fails to hold 3150, it will show levels of 2680, which seems...
This is just purely for study purpose. No recommendation as such. Buy every time when it hits purple line for a target of upper channel of the triangle. If broken purple line, sell for a target of lower channel of the triangle.