What is the meaning of resistance and support? Support and Resistance Levels Explained 'Support' and 'resistance' are terms for two respective levels on a price chart that appear to limit the market's range of movement. The support level is where the price regularly stops falling and bounces back up, while the resistance level is where the price normally stops...
----------------------------------------------------Trend--------------------------------------------------------- Trend Indicates the direction in which prices are going. Trends are of following types. 1.Up trend: - Uptrend Make higher highs & higher lows 2.Down Trend: - Downtrend Make lower highs and lower lows 3.Sideways Trend (Ranging): - Highs and Lows are...
Topic - Gold Divergence Trading The World Gold Council’s Gold Demand Trends report reveals that annual gold demand (excluding OTC) fell to 4,448t in 2023, down just 5% from a notably strong 2022. When factoring in demand from the OTC markets and other sources, total demand climbed to a new annual record at 4,899t. What's new in GOLD in 2024? Economic and...
Overview & Observation: 1. Setup was based on a simple Breakout ad retest entry. 2. With Less than 10% SL 1:2.5 RRR already achieved, a further 25% upside target can be taken after trailing near the entry price
Support and Resistance is one of the universal concepts in trading. You can apply it to day trading, swing trading, position trading, and etc. Thus, if there’s only one thing you can master in technical analysis, it would be learning how to trade with Support and Resistance. However, there are many myths surrounding it which are not true. We Talk in our Video.
What is trade management? Trade management is everything a trader does after a trade is open until the trade is closed. By managing trades, traders can increase their profits, whilst minimising risk. Trade management involves tasks such as determining position size, monitoring the trade and executing exits. Download my free trading handbook with 10 profitable...
Please find different types of chart patterns 1. Pole and flag chart pattern - it is a continuation chart pattern. In uptrend when prices when up upto level then prices got consolidation for some time and again shoot up further. Similarly in downtrend as well. 2. Cup and handle chart pattern - it is a bullish chart pattern. It takes time to form in shape of a cup...
Topic - 5 BIGGEST MYTHS ABOUT TRADING If you're in a trade and start saying "I WISH" or "I HOPE" this might be a good indication to exit the trade, since it take away your FOCUS on seeing clearly what's happening with price action and you're more likely end up trading with emotions. 👑 5 BIGGEST MYTHS ABOUT TRADING 👑 1. You need big Capital. 2. You need lots of...
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👈 Price Action Analysis And this is...
TVS MOTOR CO 1. Inv Head & Shoulder Pattern 2. Breakout & retest strategy 3. Close within 52W high zone (2313.45) 4. Close above the previous day's high (2238.80) 5. High increase in 1 month (+9.6%) 6. High increase in 12 months (+72.3%) 7. Promoter holding 50.27 % 8. Pledged percentage 0.00 % 9. Change in Prom Hold 0.00% 10. FII holding 20.8 % 11....
This is my today's (13-06-24) trade on #BPCL . Booked 1:1 Stock was on strong uptrend,Entry based on Pullback at good Demand zone with confluence of proper signals moving averages and volume. Overall Market was in sideways today so stock was not giving strong movements. Then booked 1:1 &close. Im hoping 1:2 hits tomorrow
Q: What is India VIX? Ans) India VIX, or India Volatility Index, measures the market's expectation of volatility over the near term. It is often referred to as the "Fear Gauge" as it indicates the level of fear or risk in the market. Higher VIX values indicate higher expected volatility, while lower values suggest lower expected Volatility. Q: What does a...
There is a large bearish candle on crossing the 50 day SMA. MACD is also in the bearish zone. Also 9EMA crossed the 21 day EMA indicating a bullish trend. Supertrend is also just about changing to buy.
How I Read and Observe India Vix. IndiaVix vs NIFTY50 Market volatility and market direction.
Spike in volume on 7th june shows buyer are interested. Trend is also changed in upside. Stock possibly perform good above 694. Long Term Possibility - Let's see what will happen in upcoming earnings, in case earnings will show good results, it will attract more buyers.
Green flag: scare weak investors to sell to me Red flag: scare them one more time Orange flag: more scaring Yellow flag: good price to buy big Light blue flag: push weak investors to buy from me Blue flag: more manipulation to dump Purple flag: sell high to weak investors AI/ML is good at catching these moves
Only for fun In technical analysis of financial markets, an "umbrella pattern" might not be a widely recognized term. However, patterns such as "umbrella lines" or "umbrella handles" could be understood in some trading communities. For example, "umbrella lines" might describe long lower shadows on candlestick charts, suggesting potential reversal patterns in...
When the score is at very high or very low wait for the candle volume to reach higher and then do the buy sell thing . Win rate 99 percent.