A combination of Relative Momentum indicator and Absolute Momentum Indicator . Relative Momentum is a measure of relative strength of a script compared to index or other scripts Absolute momentum is a measure of its own strength compared with its value n periods before... I use a combination of 2 absolute momentum lines of 10 & 21 ...or 21 & 52 based on my...
Through series of educational posts we have got an elaborate knowledge of candlestick pattern which include both reversal and continuation patterns and this post is somewhat different from candlestick it's all about moving average crossovers. General concept of crossover is that a fast moving average surpasses slow one in any directional trend and could help you...
This is hourly timeframe. This is how I analyze the consolidation only technically. From fibo. recent top to bottom, Nifty is taking resistance 0.38 fibonacci level. Let's pointout the short trend and understand each. 1] Nifty started consolidating 6th May 2022. It started falling, gone sideways for sometime and gave bounce back. 2] And it tested the 16400...
If you have been in the market for some time, you may have heard of “Fibonacci retracements” . Today we are going to share an informative write-up along with a few exhibits that may help you solidify your understanding of this concept. Table of Contents: 1. What are Fibonacci levels? 2. What is the significance of retracement levels? 3. How to find...
In my opinion learning in any field is connected to the "Four stages of Competence" and trading is no different. This post also answers why most traders lose in the stock market. Following are the four stages which every trader has to pass before attaining success. Unconscious Incompetence ---------------------------------- This stage belongs to the newbie...
What is the Shooting Star candlestick pattern? A shooting star candlestick pattern is a chart formation that occurs when an asset’s market price is pushed up quite significantly, but then rejected and closed near the open price. This creates a long upper wick, a small lower wick and a small body. The upper wick must take up at least half of the length of the...
Simple & very easy way to Identify DEMAND/SUPPLY for #ZOMATO (Zomato Ltd). ONLY FOR #educational NOT SEBI REGISTERED. #LEARNEARN (DONT TRUST ANYONE) #nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #kukiinvest #Chartanalysis #headandshoulders #breakdown
Pattern: Bearish Reversal 1) There must be a prior uptrend. 2) Price opens above previous day close/high and makes a high higher than previous day. 3) The Red candle closes below previous day open/low Trading this pattern 1) Look for this pattern after a big upmove. 2) Upon confirmation, open a short position on 3rd candle. 3) Place a stoploss above the high of...
In previous idea of continuation pattern, which comprise explanation of some continuation patterns like triangles, flags and pennants it was stated that in next post I'll be back with patterns such as head & shoulder , double top and bottoms and we're back. As we have discussed in the previous section, that market can be either in trending phase or in a...
Even so much popular patterns such as “FLAG N POLE” are not guaranteed, can fail sometimes. So here position sizing and risk management come into play. One should always follow risk management rules no matter what.
In this chapter I am going to discuss about how new bie trader views the share market and the out come of it. After reading this my dear readers, write about your experience, so that it will help new people to avoid such costly mistakes. Mistakes are always costly here and beginners do that a lot. There two type of new bie traders. 1. Completely new to share...
5 Years #Multiyear #Breakout in #ITC (ITC Ltd). ONLY FOR #educational NOT SEBI REGISTERED. #LEARNEARN (DONT TRUST ANYONE) Note : - Invested in #ITC #nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #kukiinvest #Chartanalysis
Hey everyone! 👋 If you are new or have recently started posting ideas, you may have noticed that a lot of people put multiple charts in their posts. This makes their ideas more thorough and resourceful. So, the question arises, how do you put multiple charts in a single idea? Don’t worry, we’ve got you covered. This short visual guide will help you in...
Double top and bottom patterns are chart patterns that occur when the underlying investment moves in a similar pattern to the letter "W" (double bottom) or "M" (double top). Double top and bottom analysis is used in technical analysis to explain movements in a security or other investment, and can be used as part of a trading strategy to exploit recurring patterns.
Be Cautious Head and Shoulders pattern (trend reversal) at #BERGEPAINT (Berger Paints India Ltd) weekly chart. The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end. ONLY FOR #educational NOT SEBI...
Here i am going to tell you how can we create our own index for any of sector Kindly follow and like, hope it will help you
Namaskar! My name is Michael, today I want to share with you price analysis method which was indentified and first described by high level trader from Russia D.B. Krasnov. This method is used to predict price target zone. If you spend enough time training to indentify Spinning point on chart, you will be able to find quite a lot of them and it will help you to...
Be Cautious Double Top Pattern (trend reversal ) at #PERSISTENT weekly chart. A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. It is confirmed once the asset's price falls below a support level equal to the low between the two prior...