NZDUSD end of the downtrend and start a fresh uptrend creat only long position at few days and weeks
TataSteel - NEWS - Results on 11 Nov, highest ever quarterly profit. Expectation - Strong buying and big trending move. What actually happened ? - Fall from 1340 to 1271, down 1.3 %. As usual news channels hype the results, so called 'analysts', big players declare it the best thing ever. Those unaware of the game buy this fake hype, they buy at open.......
Indices try to move out of this range that 17850-18000, So if it trample 18000 then it might be move for 18120-18250 or if it not able to sustain above 17850 it might be reverse from 17550-17600.
On the 1H chart, we draw Fibonacci taking swing highs and swing lows. It's clearly visible that TaPo takes support at 0.236 retracements. If it sustains and respects these support levels, a further upmove to the levels where it faced resistance (i.e. the recent high tested yesterday 10/11/21).
Chart is self explanatory..... obtained support as shown on the daily time frame and coupled with MA, the stock is likely to be on uptrend from here. If the current support is broken, it can fall further till the next support level as shown. Disclaimer - The analysis is for educational purpose.... suggestion welcome.
Dow Theory - Accumulation and Distribution Accumulation is marked by resource-rich participants accumulating the stock at lower levels when other participants are fearful Distribution is marked by resource-rich participants de-liquidating the stock at higher levels when other participants are greedy
In this Idea I'm going to share the simple price action trade which I have taken the May month in the stock D-MART. Before taking any trade a trader must have find at least 3 confluences which align in the same direction so that we have a clear vision of the particular trade either it's a short trade or buy. By doing you are following a number of certain rules...
Up Flag is clearly visible. Need clear volume supported close above 511 . For safety purpose can keep 1% margin and buy on volume supported close above 515 with stop loss below 480 on daily closing basis. Target is 480 + pole height. Disc : it's not an investment advice to buy or sell
Above chart is of ABFRL on weekly chart. This is a simple trendline trading strategy, where the stock keeps respecting its support trendline and bounce back to higher levels, making higher lows and higher highs. Here, the stock gave multiple buying opportunities to the investors, while it kept respecting its support trendline. Here goes the interpretation: 1)...
A descending channel is a chart pattern formed from two downward trendlines drawn above and below a price representing resistance and support levels. The descending channel pattern is also known as a “falling channel” or “channel down“. The more such reversals occur, the more reliable the pattern. There are three scenarios the price rises after breakout, the...
perfect Cup and Handle pattern Brake out in day time frame in ZEC/USDT. Good Moving upside Target 270
Here I took the example of Prince Pipe. The reason why I took this trade is mentioned in the chart itself.
Auropharma has taken support at 677 on the weekly & daily chart. It also had formed a inverted cup and handle formation. This indicates near term downtrend if it breaks the support at 677.
I'm trading from last 2 years, started from Indian Stock Market and join the cryptos and forex as well yeah may be you will think that I'm a newbie but trust me price action is the real king. Today I am sharing one of my favourite strategy the gap with power candle confirmation, so in this tutorial I'm going to tell you How I personally trade gaps the strategy...
SOL/USDT looks like Triangle Pattern breakout in 1 hr chart please watch carefully. Support 244 Resistance 253 TARGET 268. do safe Trading
Hindustan Petro script is in one range from long time, at present the script is in good support and strong resistance level, its just for study purpose, invest with your own analysis.
Inox script is in one range from long time, at present the script is in good support and strong resistance level, its just for study purpose, invest with your own analysis.
Easy HH HL Structure. Understanding basic market structure under Dow Theory. In Dow Theory, an uptrend is defined primarily as successively higher peaks and troughs. A downtrend is defined as successively lower peaks and troughs.