Bullish movement in this stock after weekly chart pattern breakout was stopped by daily chart pattern breakdown
Bullish movement in this stock after monthly chart pattern breakout was stopped by weekly chart pattern breakdown
Horn tops are formed in an uptrend and are separated by a week on weekly chart. It appears to be in 'H' shape. Horn top pattern formation indicates bearish reversal. And there will be price spikes while formation, as seen in above chart. Later, once the pattern is confirmed, short positions can be initiated when the price closes below the low of horn top...
Dabur India is having a narrow movement and forming a triangle wedge pattern. Rs.604 is the decisive price and can break out on either side. down ward movement is more predictable than upside breakout as per the present condition and the next support level is 581.
Tata motors may reach 490 in 3 to 4 trading sessions inline with Nifty up.
NIFTY has been trading in a ascending channel for the last few months, properly following and respecting the course of the channel until yesterday when the new variant of the corona virus has seen a negative impacts on the global front. There was a gap down and also a breakdown as we can see the red candlestick has clearly breached the lower support of the...
In this video I have explained when and how NOT to use Candlestick Patterns.
As per the weekly chart, we can see 2 major supports, 1. Dashed Red line (17670) and 2. Dark Red line (17450). I think till December we may see the rangebound market if sustain above 17470 level.
Let's analyze the charts using different indicators that are commonly used so as to see what the different traders are looking at. Daily time frame 1. The RSI still has a potential for further selling. We are near the oversold territory. 2. There is no prominent support on the daily time frame until 15900-16000. 3. The 200 MA cluster is near 16100, which...
Stock seems to have given the confirmation of rounding bottom pattern. Keys points mentioned on chart. Please let me your thoughts ! Happy Investing !
if cipla sustains for good time with decent value above 1005, it can be good buy
INDICATORS USED: EMA 4 EMA 9 EMA 18 TIME FRAME FOR ENTRY/EXIT: 5 min WORKS VERY WELL ON BOTH NIFTY AND BANK NIFTY As you can see on the chart that when EMA 4 crosses EMA 9 and EMA 18 together then the crossover of EMA 4 is golden crossover. This is the bookish definition...Now let's look at the applications with complete trading setup This strategy...
The above weekly chart is of Infosys Ltd. Here the stock price moves beautifully just in between the parallel channel, making higher highs and higher lows. If one successfully manages to find the chart as above, he can simply buy at the lower channel trendline and sell at the upper channel trendline. Yes, everything looks wow and amazing after the chart...
Many people who follow me would have noticed I haven't posted for a while. Did I lose the game? No. I saw this coming and I stayed put. Don't believe me? I will add a link to a related idea. Markets are in a precarious position and every mistake will now be an expensive one. Here's how one can see through this period: This type of fall can be regarded as a...
Who Do We Fall? So We Can Learn To Pick Ourselves Up! - Thomas Wayne Hey, In this post I am not going to predict the direction of the market. Cause it is tough to be 100% perfect in whatever it may be. It's better to talk about probability of the direction in which nifty is headed. And is the Covid new strain the reason for the fall? Maybe, But I believe Nifty...
The best way to trade a range market or when price is at very low volatile area Trade when price break the range and trade on 20sma SL previous candle low Keep learning and earning
You can trail ur SL by candle closing EXIT when candle give closing below the previous candle Best way to get everything from market This strategy only work in very bullish or bearish market
The chart is self-explanatory. The main benefit of entering into a trade at the time of retesting the resistance area is that our stop loss becomes small at that point. And risk-reward ratio appears good there. Hope the interpretations will help some of you in your trading approach. As me-too learning from others. Wish you success.