Basics of Double bottom and Double top trades & How to increase winning probability of trades.
I am expecting stock to go in coming week starting 13/07/2020. On the weekly chart, stock BO and retested the BO area. Wait for bullish candle on daily and go long.
Elliott wave Principle at its heart is a technique to draw correct trend lines . If drawn correctly the waves will always be in proportion and there will be lesser surprises. In the chart corrections in wave 4 are shown at different degrees of a trend . Since market is a fractal the same formula can be replicated at lesser and lesser degrees. Regards
Reliance was in range so i created a channel and reliance followed that channel for long time. When the first green candle broke-out it was the to enter and grab easy 1-2 %. a simple price action strategy and breakout strategy will be enough for you to make money.
To Anticipate the Nifty 50(INDIA) Always analyze Dow jones, Nasdaq and SGX Nifty to have a clear cut view while trading So that you can anticipate the point of reversal or sideways or trending market with extra benefit of 0.55% more than others who don't analyze these.
Moving averages work quite well in strong trending conditions but poorly in choppy or ranging conditions. use this indicator along with Price action theory and not alone. Moving average crossovers are a popular strategy for both entries and exits. MAs can also highlight areas of potential support or resistance
The stock moves in a very strange , continuously locked in upper-circuit since May 28 to June 26, then locked in a lower-circuit June 29 to July 9 then seems to start rally again today(July 10), what makes this stock for this giant move ? how a technical trader can trade this stock ? any possibility for making profits ?????
But to wait till Wedge breaks.
YOU DON'T NEED ANY INDICATOR TO ANALYZE JUST COMMUNICATE WITH PRICE AND FOLLOW HIM IF IT IS NOT GOING ANYWHERE WHY ARE YOU PUSHING YOUR MIND?
WHAT WILL HAPPENED #BANKNIFTY
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 lose.