Support and Resistance Hello Traders, I will be discussing about Support and Resistance area in this part, which is backbone of Price Action trading. What is Resistance area? Resistance is a horizontal area on a chart. Where price experience selling pressure and tends to move down. What is Support area? Support is a horizontal area on a chart. Where...
IEX is showing impulsive rise post covid low's.Currently we are in Primary wave 5 (which has taken a form of ending diagonal as it's 5 intermediate wave has 3-3-3-3-3 internal structure)intermediate wave 4 minor C,which can end near 200 odd levels. Following are the reason for intermediate wave 4 to end around 200-206 levels. 1)100% extention of minor A for...
On left hand side chart, there is an upward channel on weekly time frame since Sep 2020 and downward channel from mid October 2021. NSE:NIFTY On right hand side, downward channel formed since October 19, 2021 is focused on daily time frame. Observations: A) On weekly chart, Nifty has taken support at the lower band of upward channel. B) On daily chart, Nifty...
1] When Price is Open=high and also below pivot level, and rejected from previous day close . 2]Also broke Previous day low with strong candle - Indicates (bear are strong) bearish view and can go aggressively bear side. 3] When price gets rejected from previous day close , it stay bear side and less chance of reversal (week Bull) when it break...
nifty dowen in a chenal .until not break chenal only correctionn
nifty dowen in a chenal .until not break chenal only correctionn
This is analysis is for educational purpose only! Since many weeks bank nifty is under performing in the market and today it has created Head and Shoulder Trend Reversal Pattern on its daily charts. By the huge structure of this head and shoulder we can expect a huge fall of 5900 points. Yes! 5900 POINTS. If Bank Nifty treads below 35300 you can initiate a...
uptrend started on Aug'21 and ended in Oct21, this year. from 18600 to 16900 just in two months. , leading to 16400-16200 if the trend continues.
The stock is currently at 50% retracement levels from its all-time high of 1594. A breakout from these levels will take the price to its first target of 1200 ( 52week high of Nov '21). Above this target level, we can expect the price to continue its uptrend to its 2nd target of around 1600, which is also its all-time high.
Bajaj Finance has shown following patterns: 13 Dec - Bearish engulfing pattern. 15 Dec - Three black crows . Back to back bearish candles with a gapdown open on 15 Dec. 16 Dec - Forming a small green candle, forming a Harami pattern. Price is also below support of 7050. What do you think? What will be the followup?
a bearish flag is seen and price is breaking down from the lower support line at 245 it may go to 200-190 if it comes above 261 then it will be very bullish It is very bearish but very proven pattern
What is Price Action Trading Strategy? Price action trading is about understanding the imbalance between buying and selling pressure so that you can identify trading opportunities and make a profit. Before we discuss about Entry, Exit and Stop Loss Signals, I would like to tell you some basics about the Market Structure, Support and Resistance and Candlestick...
Elliot wave rejection move to opposite trend When there was elliot wave impulse 12345 acception there was huge rejection of the elliot wave correction ABC which leads to downfall
Tvs motors in strong support zone. We can accumulate this stock in current level
this is just for education purpose. here i m forwarding the hourly time frame of happiest mind chart .
Hello Everyone, Here You can see on chart bank nifty today panic fall from top, but why??? last 2 days market in Bull run...then why panic fall today??? so, don't worry I am here for analysis why fall..... 1) First you see market fall continue previous days and made Triple Bottom on chart you can see, 2) Then market Next open Gap up and Continue move upside and...
Weekly Breakout in Sugar Sector lead by Ugar Sugar in last week
Sector wise stock Analysis. Learn the reasoning behind my stock selection...