To identify any divergence, first of all look at the current structure that the price is forming like the above case, Price is consolidating at the same place and when we look at RSI it is forming up Higher highs and Higher lows. Therefore RSI contradicts the price and this tells us that RSI doesn't support what the price is doing & is not inline with the price,...
Tata Motors Limited TATAMOTORS as on 11 Oct 2021 appears strong bullish. You can see clearly. Its shows signs of strength in the upcoming day, then this trend can continue in the next trading session as well.
In this article, we analyze NSE:GRASIM using VWAP and parallel channel. A parallel channel consists of two parallel lines and a middle line which is equal distance from the upper and lower band of the channel. All of these three lines can work as great support and resistance as you can see in the chart. Along with candlestick patterns I like to use VWAP to make...
Stock Selection for swing trading for this week. All stock and their logic of selection is explained.
Query 1 : I start the day with profit, but at the end of the day I am in loss. How to avoid it? Query 2 : My profit is going to brokerages only, I am not making enough profit. How to over come it? Answer : One of the biggest causes for a trader to lose money is over trading. The emotion which causes is nothing but greed. A fearful person who hesitates to place...
Hello All, PSU banks have been underperformers, however I can see a turnaround in this sector. A very beautiful VCP pattern is in formation and with a breakout of the horizontal line we may see some good rally in PSU banking stocks. Now, what to do after knowing this? How to look for stocks in this sector which may give good returns? Simple solution: 1) Take...
NSE:IGL let's make this analysis a bit interactive. As per this technical analysis #igl share at support if we can find reversal at this levels then igl share might fly from here. Tell us in comment what you are getting from this view. ******whatever charts or levels sharing here are just for educational...
This analysis is done for educational purpose only. As we can see USD has given breakout on weekly charts. USD and nifty are very well connected to each other and rise in USD can lead to profit booking in Nifty. This is a temporary phase in the market, therefore, next couple of weeks we can see profit booking in Nifty. One can long USD and short Nifty to hedge.
All the details are mentioned on chart. Price Action Learning. Timeframe Learning.
Support and resistance analysis for StockLadder tutorial. This was an assignment
PRINCEPIPE _BREAKOUT EXPECTING COMING WEEK. The current Pirce is 749.40. The latest Volume is also positive.
How to blend the candles and benefits of combining the candlesticks.
I'm not Technical Analysist. It may be happens in future. If you know technical analysis you can guide me. Thank You..
6th / 7th Oct2021 The index topped at 17882 this morning was a perfect behavior for the last leg downside in an irregular triangle updated in TradingView Author status / Last idea (add on comment). 6th Oct2021 – WaveTalks: Nifty-Irregular Triangle: ( Stops Above 17890 ) Irregular structures are those which is surpassed in the next leg as it happened for...
Looking Good For Up Side LTP-724.70 Range 730 to 700 Support 680-wcb Up Side Is Open Time Frm-Day To Yr..
STAGE 1 (ACCUMULATION): In this stage the stock consolidates in a narrow price range which usually lasts for months but in some cases years and then breaks on the higher side. STAGE 2 (ADVACVING): In this stage the stock price moves in a higher high and higher low structure. STAGE 3 (DISTRIBUTION): In this stage the stock price consolidates in a narrow range and...
I always follow the KIS (Keep It Simple) principle in my trading. I simply trade what my chart says. Bank Nifty has been trading in an upward rising channel. So, which side to choose (bullish/bearish) is self explanatory. But, let me just put it out for you. As you may see on the chart that the upper channel line is acting as a good resistance and the lower...