Query : Most of the time I take late entry & exit, how to over come it? Answer : Everything starts with simply watching the market. Market is based on probabilities, still you need a plan for your trades You should know where the support/resistance is. When watching market with out an analysis, when you see a good trading opportunity, you wont get confidence about...
Idea Price just convincingly broke the 52 week price level on Falling Wegde Chart.
A head formed on 18 oct 2021 with two shoulders. Left formed on 27 sept '21 making a high at 195.50, similarly right formed on 09 Nov '21 at 221.60. the neckline, however, is not so clear but somehow formed at 206.60 and tries to recovers at 207.10 with vol buying of 797.047 but utimately falls on 206.05 on 25th of nov. The record selling and short selling of...
Levels to watch ..........................................................................................
The current stock market is driven on fear where commodity and stock are moving inversely like it usually does. The best way to judge fear is Oil price. Look how they are such correlated. So if you have positions in banknifty (or nifty) and tensed on gap issues. You can always and always playout with commodity in after market hours on the basis of this relation.
METAL INDEX: Formation of HH HL on daily time frame. Bottom formation is done in metal index. We need to see impulsive price action to confirm for a new high as a continuation of the larger uptrend. Till then it is confirm that there should be a bounce at least in all metals. STOCKS TO WATCH: TATA STEEL (MY FAV.) , SAIL , HINDALCO , jindal steel is also...
As compared to Nifty in previous analysis BNF is showing much more bearishness and has corrected about 15% from the top whereas Nifty is around 10%. The previous rally that started on 30th Aug. is completely wiped out which in itself is not a good sign. Though BNF is hovering near support it had a great opportunity to break past the triangle pattern in smaller TF...
Nifty has been in negative territory from past few days also forming a H&S pattern on the top, a highly traded pattern, for about 1000 pts. target which has been completed a few days back. Now, after a few days of pullback a negative candle is formed on last trading session it may continue the trend in the direction of the primary trend i.e. down. But, there's...
An Island Reversal is a piece of price action that is completely broken off from the rest of the chart. It has a gap before it (Exhaustion Gap) and a gap after it (Breakaway Gap). A bullish Island Reversal starts with a down gap in a bear trend. After a period of sideways trading, the market gaps upwards to reverse the bearish trend. A bearish Island Reversal...
This setup is good for Intraday and easy to make decisions of short or Long.
Before getting started for high opportunity Trade Setup. Let's understand the about Diagonal. What is exactly Diagonal: It is a five-wave overlapping structure, wherein each wave subdivides into three smaller waves. It is typically an ending or terminating wave pattern and is found in the fifth wave position on an impulse wave and the wave C position of A-B-C...
The following index is made from small cap stocks from the Marcellus Little Champs portfolio. The base price is kept at 10000 and the base date is kept as 8th December 2021. There are 10 stocks each having 10% weightage. Stocks are 1.Garware Technical Fibres 2.GMM Pfaudler 3.Galaxy Surfactants 4.Mas Financial 5.Amrutanjan Health 6.Mold Tek packaging 7.Suprajit...
HINDALCO INDS It has broken a trend with the perfect move, chances are for long. I have marked the support and resistance
After ex bonus, IEX is under symmetrical triangle movement. Rs.250 is the critical range to determine the upward or downward movement. Fresh sell / profit booking may be expected once the bonus shares are credited to DMAT account.
can 36200 can become new value buy zone for 36800/37000 if 37k breaks than how much upside ?
Elliott wave analysis of Ethereum confirms its 3rd wave journey pattern. Wave 1 - Finished at 4384.43 on May 12, 2021 Wave 2 - Finished at 1718.41 on July 20, 2021 Wave 3 - Sub-Wave 1 - Wave 1 - Finished at 4030.35 on Sep 3, 2021 Sub Wave 1 - Wave 2 - Finished at 2651 on Sep 21, 2021 Sub Wave 1 - Wave 3 - Sub-wave 1 - Finished at...
USDCAD trend very positive support level very strong will buy this pair with stoploss