Be Cautious Head and Shoulders pattern (trend reversal) at #Astral 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. Stock seems to be changing trend(Head and Shoulders pattern)...
Be Cautious Head and Shoulders pattern (trend reversal) at #SUNTECK 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. Stock seems to be changing trend(Head and Shoulders...
Pattern name: Bullish Engulfing Pattern Type : Bullish Reversal No. of Candles : 02 How to Identify it ? 1)There must be a preceding Downtrend. 2)A short Red candle followed by a long Green candle. 3)The Green candle should opens lower & closes higher than the Red candle. 4)The Red candle should be completely engulfed by the Green candle. Psychology behind...
When near, intermediate & far period relative strengths get into sync just like moving averages, it shows maximum trend strength. lets say ... near rs crosses 0... 1pt interm also crosses 0... 2pts far also crosses 0... 3pts i use 10 21 55 time periodes which are selected as they will be in sync with my Rsi indicator settings of 10 21 rsi crossover. Disclaimer:...
Be Cautious #tripletop #Pattern (trend reversal) at #mastek weekly chart. What Is a Triple Top? The triple top is a type of chart pattern used in technical analysis to predict the reversal in the movement of an asset's price. Consisting of three peaks, a triple top signals that the asset may no longer be rallying, and that lower prices may be on the...
Be Cautious #doubletop #Pattern (trend reversal ) at #KPITTECH 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...
In Chapter – 1, we have seen about candlesticks. Today we are going to see about supply & demand concept with candlesticks. Lets first see about the normal concept people follow for supply/demand zone. I have used numbers 1,2,3 and 4 to mark supply and demand zones in this post. In the above chart 1 acts as demand zone as price had good upside move from it. ...
Be Cautious #headandshoulders #pattern (trend reversal) at #SPX 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. Stock seems to be changing trend(Head and Shoulders pattern) ....
Breakout In USDINR - Rising dollar value against Indian rupee is leading to further decline in Nifty 50 Index. If you think deeply about this, you can see it’s an Indication of FII squaring off or liquidating their holdings from Indian markets. When FII want to invest in Indian markets; they’ve to convert USD to INR, which would cause the Dollar value to...
Believe me there is no such table here .... Jokes apart have you ever thought why we are not what we might be , what is that problem which is creating a difference between our potential and our reality. I think that is our belief system every emotion whether it be of fear, greed, jealousy or any other emotion. Let me explore more on the relation of belief with...
Intra-day trading need more of dedicated full time effort and major portion of that is finding support and resistance. The problem trader face is these support/resistance keep updating as new sharks (trader) jump-in. To address this we need Dynamic Support and Resistance (DSR) finding tool which can ease new trader to find place in market. Traders need to...
There was humongous craze of some of the IPOs which came last year like Paytm, Zomato,Policybazar etc. But the primary concern was always high valuations of these loss making startups. In the meantime from November 2021 these companies have eroded great wealth of their investors. I made an index to track performance of so called web or app based aggregators. Say...
learning is the process of learning merely by observing our surroundings life is too small to make every mistake and then learn from it. A smart person always learns from others mistakes. Importance of Vicarious learning in investing Profit booking: Behavioural scientists have often proposed that we feel the pain much more than pleasure. If we have had a bad...
Hey everyone! 👋 Have you ever wondered how to check your post statistics such as views, comments, and likes, without going through each and every post? Today we wanted to drop this short visual guide to help you out in achieving this. 1. When you open TradingView, you will see a toolbar on the right side of the screen. 2. Click on the bulb-like icon ...
Here are a few important lessons that can help traders and investors to survive in the markets and become profitable over a period of time. Risk Management ---------------------- Whether you are an options trader or cash market investor, risk management is the most important concept to deal with. You should always prescribe our risk before entering the trade....
In the example above, note the following: - Warning candles: Doji + Hammers + bearish candles indicating exhaustion and a lack of follow-up. - A relatively higher volume on hammer & doji, which is never a good sign for a breakout because it indicates significant selling pressure. - A bullish breakout must always be accompanied by a good follow-up, else it...
Hey everyone! 👋 Last week, we explained some of the basics to know when it comes to understanding bullish divergences in the markets. If you haven’t read that post, be sure to check it out here: In this post, we are going to examine just the opposite: bearish divergences! Please remember this is an educational post to help everyone better understand...
How to use Trailing Stoploss. Trailing stoploss is used to ride a stock for longer time. It is one way to ride your profit and minimize your early exit.