Whenever you see strong and big bold candle it is a clear indication of big players Because this kind of move can't be made by small money so if you want to find bank And financial institutions move you don't need to see data and news just see the charts This big move retrace because of some PROFIT booking by big players The dragonfly doji is because all big...
~See the price action underneath the red trendline area- what is the setup there? Every time a pull back to upside is created, it creates a NEW LOWER LOW (see the black arrow path created) ~Now see the price action above the green trendline area- what is the setup there? Every time a pull back to downside is created, it creates a NEW HIGHER HIGH (see the black...
Kiss(Keep it simple and straight) In the chart I have drawn simply horizontal line on previous lows and highs where share price touched Max candles These Lines will be our TGTS (Entry and Exit Levels) Guys you have to just wait for 15 min candle break out with if you want to hold for week For intraday trader wait for 5 min candle breakout It has broken the...
When ever you see a strong support or resistance level don't just trade just after seeing the green or red candle in ur favor what you can do is go to lower time frame and observe how price is behaving and let the price tell you that When the price rally from support or resistance level , because of this we have better time our entry and donot need to Stuck our...
Learn how to determine SL levels using BREAKOUT INDICATOR. This indicator not only helps in finding BREAKOUT trades but also helps you determine SL levels, target levels and much more. Combining with 44EMA you can take your trading to the next level. The best part is that it works on any script, be it cryptocurrencies, commodities or indices. Never take a SL...
Types of Market Phases There are 4 clear market phases, and all markets go through these phases in a repeated way: All markets go through 4 clear phases in a repeated way: 1.Accumulation Phase This phase occurs after the market has bottomed and early adopters begin to buy, figuring the worst is over. At this phase, valuations are very attractive, and general...
Unit_of_Technical_Analysis: Weekly Cycles Chapter 4: Trading Fibonacci Levels & Extensions of the Bull Cycle Fibonacci levels Tools used: 1. Fibonacci Time Frame: Weekly Method: 1. We have got the Bull cycle of 2016-2020 here and we are measuring the moves on Fibonacci Retracement on 2012-2016 cycle. 2. We have got the Bull cycle of 2020-2023 here and we are...
When every u see a strong trending or trending market so alway enter on PULLBACKS because it protect Your stoploss from hitting before market move in ur favour MAKE A RULE IN UR TRADING RULE BOOK THAT IS (I ALWAY ENTER ON PULLBACKS) Keep learning from ur stoploss
Patterns have been in use for as long as technical analysis have existed and are working today also, traders all over the world try to find patterns in chart to anticipate the possibility of the next move for any Index or stock. Pattern have a reason for working this greatly because all the patterns have an underlying psychology behind it and all these are driven...
Unit_of_Technical_Analysis: Chapter 3: Bull Cycle: how to identify prior phase, The Bull Cycle, How to trade the Bull cycle. Tools used: 1. Fibonacci 2. Relative Strength Index (RSI) (36) 3. Moving Average Convergence Divergence (MACD) (18, 36, 9) 4. Moving Average (MA) (36) Time Frame: Daily Method: 1. Bullish Divergence & Falling Wedge (or...
Accumulation Zone - 75- Trading at very strong support zone - May be bounce from here if market support from here and may be reach @1st target is 85 and 2nd 92 and may be long term target is 100 Note- This is my personal opinion dont take any position without your own research or consult with your financial advisor before doing investment
dabur breaks 200sma after very long time but a very good fundamental company and a portfolio stocks. May be reverse from here if market sustain. but will be good buy above 200sma as shown in chart. Wait till and buy above 200sma Note- Please consult your financial advisor before doing investment. this is my personal learning not a any investment advise.
Preceding Trend: Up Time Frame: Daily Chart Pattern: Falling Wedge Breakout Bullish Reversal Observation: Breakout of down trend line Closing outside falling wedge Breakout on decent volumes 15% potential upside from breakout Pattern fails, if price closes below Falling wedge low
Preceding Trend: Down Time Frame: Daily Chart Pattern: Breakout of Downward Channel Bullish Reversal Observation: Total 5 touch points 3 touch points on highs 2 touch points on lows Partial Decline making Higher Low confirms beginning of fresh uptrend Breakout on decent volumes 25% potential upside from breakout Pattern fails, if price closes below the higher...
In this video, I explain how myself and KR exited partially in Infosys as well as TCS earlier this week. I hope this video helps. Best wishes, Umesh 5-1-22
HOW GOOD ARE STAGGERED INVESTMENTS? BACKGROUND We all know the catchy word “SIP” which stands for Systematic Investment Plan. This may well be the most frequently used word in the Mutual Fund business and for savings as well as investments in general. And there is nothing wrong about it as a large retail investor base would not be able to invest in various...
Let's talk about each waves of Triple Zigzag: Wave W (5-3-5) impulsive: ((a)) = ((b)) at 17709 which is close actual low 17613. Its a sharp zigzag. Wave 1X corrective: Wave ((b)) 3-3-5, Running Correction which is little complex. Wave Y (5-3-5) sharp: ((a)) = 0.786 ((b)) at 16824 which, is very near actual low as 16782 Our first question is, What is the...
Bajaj-Auto Analysis and Buying reason. How not buying near support can save money and time.