Welcome To Trend Talk😊 How do the MACD and RSI indicators differ? - The moving average convergence divergence (MACD) indicator and the relative strength index (RSI) are two popular momentum indicators used by technical analysts and day traders. While they both provide signals to traders, they operate differently. The primary difference lies in what each is...
Rec Ltd..making of a bullish confirmation candle after dragonfly doji candlestick on weekly time frame in downtrend.
Tata motors has shown a superb bullish rally but this seems a formation of shooting star stay cautious in bullish trade study and think and then trade carefully
Opening: The nifty futures opened almost flat (GAP is the adjustment) and formed a BIG bull bar as the 1st bar indicating a bullish strength which was confirmed as bears weren't able to pullback to the MA even after 20 bars Mid day and closing: The market behaved like a typical bull trend day closing near it's high PROFITABLE TRADES: One good trade which i...
Welcome To Trend Talk😊 How do the MACD and RSI indicators differ? - The moving average convergence divergence (MACD) indicator and the relative strength index (RSI) are two popular momentum indicators used by technical analysts and day traders. While they both provide signals to traders, they operate differently. The primary difference lies in what each is...
1.Opening Range:The market opened flat with first few candles indicating that today might have two sided trading and the market was two sided in a trading range as the opening range suggested 2.Mid Day and Closing:The market consolidated and gave a closing at around the top of the range which is a typical monthly expiry day... Patterns which were tradable: Only...
Crude oil is very interesting instrument Trying to make impulsive move after corrective wave if it crossess previous month high and sustains then bullish journey may continue
Ways to identifty a multibagger and a good stock for positional trade: The stock should fulfill the following criteria 1.It should be from a booming sector and the broader index should be uptrending 2.The relative strength of the stock to Nifty 50 should be in uptrend 3.RSI should be above 40 4.The stock should be in a stage 2 uptrend structure (breakout with...
1.Opening Range:The market opened flat with first few candles indicating that today might have two sided trading and then after forming a DOUBLE TOP BEAR FLAG as indicated in the below posts of 5 min NIFTY FUTURES chart it broke the opening range and this started a meltdown 2.Mid Day and Closing:The market gave a strong breakout around opening hours and the...
Are you ready to delve into the captivating world of intraday trading? On February 27, 2024, the NIFTY 50 index showcased some fascinating patterns that kept traders on the edge of their seats. Here's a quick rundown: 1. Opening Range: The market opened flat with first few candles indicating that today might have 2 sided trading... 2. Mid Day and Closing: The...
What Is Bitcoin Halving? Here's All You Need to Know. Halving is the event of slashing Bitcoin's mining rewards every 210,000 blocks, or roughly every four years. Read all about it here. Table of Contents Overview What Is Bitcoin Halving? When Is the Next Bitcoin Halving? Deep Dive into Blockchain How Are Miners Rewarded? Why Halving Matters? The...
In the previous publication I started talking about my decision-making system. I use it when investing in stocks. This system allows me to answer three questions: - which stocks to choose? - at what price to make a trade? - and in what quantity? In this post, I will continue to answer the question Which stocks to pick? and tell you about another facet of...
Hi Everyone! I hope you all are fine. Today I have brought an interesting Price Action case study of Coal India. Although the chart is self-explanatory, I will mention some key points. 1 . Always watch Support and Resistance—the basics of Price Action. 2. If the price goes too far away from the moving average(in either direction), be cautious, as sooner it will...
1. Supply & Demand Zones. 2. Support & Resistance. 3. Bullish & Bearish Order Blocks. as shown on main chart. Like other technical knowledge, This also are not a holy grail. It can only assist you in building a good strategy. You can only succeed with proper position sizing, risk management and following correct trading Psychology (No overtrade, No greed, No...
Cup and Handle pattern on weekly chart has formed and Breakout with high volume has occurred above the neckline. This stock has the potential to double in no time.
In technical analysis, a breakout refers to a substantial price movement of a financial instrument, such as a stock or commodity, surpassing a specific level of support or resistance. This occurrence is of paramount importance, as it frequently signifies the initiation of a new trend, offering traders and investors valuable insights for informed...
Hey there, fellow investors and trading enthusiasts! We're starting the year with an exciting opportunity to reward the wisdom and experience that each of you brings to the table. With markets reaching new highs, and the economy continuing its unpredictable nature, it's a perfect time to talk about the markets. After all, it's this volatility that makes the...
PIOTROSKI SCORE What is a Piotroski Score ? Piotroski Score is a number between 0 and 9 which is used to determine the strength of a firm's financial position. The Piotroski score is used to determine the best value stocks, with 9 being the best and 0 being the worst. The Piotroski score is a favorite metric used to judge value stocks. The score is named after...