How we can trade inside bar/mother candle with the help of our support and resistance.
Take trade at your risk. Donot invest more than 5% of capital in any trade
One can see price bounce from Pivots & EMAs, that signals our entry point (Read image data & back test before applying in live market trade)
Retrace - If you retrace your steps or retrace your way, you return to the place you started from by going back along the same route.
This Script is making parallel channel. support and resistance according to chart. breakout with increasing volume will decide its trend. NOTE- this is on Tutorial basis. Not any Tip/Suggestion.
Its very confusing to say the moment of bank niftty... bears are not letting it to continue up momentum. note- this is just tutorial. not any tip/suggestion.
How to trade gaps. How gaps works as a support or resistance..
NSE:HINDPETRO All About 200 DMA. How to use it to take Mid/Long term trade. 1)What is 200DMA? It is simple technical analysis tool that is an average of daily close price of last 200days/candles. It is used to smooth out the price and it will remove the intraday fluctuation noise. 200DMA == 200 Daily Moving Average 2)200DMA is the one of the main...
Patterns in Candlestick Charts Candlestick charts are an excellent way of understanding the investor sentiment and the relationship between demand and supply, bears and bulls, greed and fear, etc. Traders must remember that while an individual candle provides sufficient information, patterns can be determined only by comparing one candle with its preceding and...
Pattern details: 1)It's a 7 leg corrective pattern 2)Here in first 3 leg's price's contracts after which wave d is formed (sort of wave x of wxy) which is followed by 3 expanding leg's,meaning contracting triangle connected by expanding triangle 3)Wave G tends towards equality wave A,wave F towards wave B,wave C towards wave E,however wave G can only be...
400 ema is a very powerful moving average in all time frames especially in 15 and 30 min chart to trade nifty50 and banknifty
Elliott Wave Methodical Structure This is a motive cycle of the Elliott Wave in which you can observe waves 1,3 and 5 are in direction of a trend. Wave 2 and 4 are against the direction which is called a "Corrective Wave". Five-wave structures, numbered (1)-(5). In the direction of the main trend of one larger degree. Wave 2 cannot retrace at the starting...
Auropharma has taken a good spot of support. may change from downtrend to uptrend can give breakout in upcoming days NOTE- this is tutorial basis not providing any tip/suggestion.
nifty pharma is just getting stuck channel. bears are not letting it to cross resistance. according to chart early profit booking levels are comming. but in upcoming days, can see great upmove. NOTE- this is tutorial basis . not any tip/suggestion.
As we can see a symetrical triangle is formed in 1hr time frame of Indianbulls housing finance soon a big movement can be seen in the stock. JUST Wait and watch for confirmation.
What Is the Wedge Pattern and Its Common Characteristics? 1. Wedge patterns have converging trend lines that come to an apex with a distinguishable upside or downside slant. a. Wedge with an upside slant is called a rising wedge b. Wedge with downside slant is called falling wedge 2. It has declining volumes as the pattern progresses 3. It breaks out from one of...
Let us find out the reason why retailers lose money year after year To find out that let's understand the 4 stages of any stock/index. --> STAGE 1: .This is the stage where accumulation of the stock by FIIs and DIIs takes place and the price trades in a range bound structure ( as shown on the chart ) where buyers and sellers are in equilibrium. .This stage might...
CIPLA is in the process of forming a Head and Shoulders pattern on the Daily chart. The left Shoulder and the Head are already complete we are possibly around the right Shoulder. If true, price can retrace to the baseline at 880. Trading here can be risky as we are in the middle of pattern formation and it may be invalidated at any point above right Shoulder....