RUPA and Company Rupa had rallied for more than 100% in just one year. Since then it has also dropped 15% since 52 weeks high. Position can only be taken above today's high and might struggle near the trend line drawn. Let me know your thoughts. Thank You!
HINDUNILVR - HINDUSTAN UNILIVER One of the well-known FMCG companies has fallen -16% from its 52 weeks high. There are some support and resistance which I found in the chart. Let me know how it looks for you. Thanks!
Entry : 3550- 3570 Initial Target - ATH - 3800 ( Trail sl this target) Weakness below 3400
Aarti Ind. ltd. This stock has taken Resistance twice at same level, then it consolidated as a parallel channel at that same zone, and then it given good breakout from parallel channel along with good intensity of volume, Now it has retraced almost 78.6%, co-incidentally (1) same resistance zone, (2) Parallel channel's top, (3) Support trend line and (4) 200...
Here we are seeing NIFTY of daily time frame, here we can see that candles between two vertical line are clearly in up trend and RSI for the same is showing slite divergence on down side which shows the clear indication that there may be change in trend in future and same did happen, NIFTY is now trading in sideways trend.
This is the best setup that work best for me Whenever price rejected from any support or resistance level I enter the trade This setup work because trader go short and put their stoploss near the support level so because of this she price Make a move upward for retest the stoploss of short trader hit and they exist which help price to move sharply Secondary...
you can se that price is stuck in the range on 4 hour time frame I prefer to take entry on the first pullback after breakout or breakdown But in this case I enter the trade with breakdown become I get 2 confirmation The RSI level is falling below 50 and a golden crossover of 50 and 200SMA SL - NEAR THE CROSSOVER TARGET - AS MUCH U CAN GO WITH HELP OF MOVING...
One trade cannot make you rich, therefore it is important to not run behind every breakout trade and risk too much on a single trade. By working equaly on all the 3Ms of trading we can balance our emtions and trade effectively. Let's see how with the help of 3M framework we can trade above range breakout pattern. 1- Method Management Simple range breakout...
HEAD AND SHOULD PATTERN I am sure that you heard about the head and shoulder pattern this is the best example of head and shoulder Head and shoulder pattern is good for reversal of price but if u trade head and shoulder in isolation The. U must stop out . THE strong uptrend donot reverse just...
If u want to trade breakout then you have to focus on price action Near resistance level # The price unable to break a resistance level for long time First time the price break the resistance but it is a feke breakout Second time price break and show a massive move How to avoid fake breakout # have patience the price do 3 things if it is real...
If you want to trade breakout unhave to keep some points in ur mind 1) See price action near the resistance level # price consolidation # candlestick pattern # volume 2) If u miss the trade on BREAKOUT level don't worry price will do 2 thing # price retest the key level # price take pause in terms of...
BULL TRAP The price is taking resistance from a key level many times . The trader are waiting for price to break the level The fourth time the price breakout the key resistance level the immature trade took entry without confirmation Of ( pullback, retest or consolidation) and had stoploss below the...
Elliot Rules and guideline 1)Wave 2 should not retrace entire wave 1(Here on cycle degree it retraced wave 1 by 61.8% which is ideal as per guideline) 2)Any one wave entend's other 2 by 161.8%,other 2 being equal in length(As per guidelineTypically wave 3 extend's and 1 & 5 tends towards equality).Here also Wave 3 extend's wave 1 by 161.8% and wave 1 and 5 tends...
Candlestick works near support and resistance and how this pattern works depicted on chart. Bullish harami Bearish harami, Bullish engulfing Bearish engulfing Hammer piercing and dark cloud cover
understanding market psychology and market structure 1] price can take pause ,rejections and acceptance at imp psychological levels -round figures, previous day high ,low ,close and pivot level. 2] 15 min hammer candle can triggers huge rally.
1] 15 min candle taken support on PREVIOUS DAY Trendline and stronger rejection for consecutive 3 candle (no 15 min candle close below trendline) and respecting PREVIOUS DAY trendline indicating that bull are strong enough and trying hard - during running market -(IS STRONG SIGNAL WITH CONFLUENCE) 2] forming strong hammer candle at day low, SO ENTRY IS...
See the power of Moving averages Observe it closely and took ur own decision
I share my analysis and also take the trade and earn a good lum sum Get ready for next