Details on chart. Stock is attempting to fill the gap and move up. Keep accumulating on dips. Disclaimer: Chart is shared for study and feedback. Please note this is not trading advice. Please consult your financial advisors before making any investment.
INDHOTEL on weekly time frame showing head and shoulder pattern.
The stock is in position of breakout if it crosses 946.00
A throwback is the retracement that occur follow a breakout of resistance line and take support on that respected resistance which just broken, and turned into support. Throwback may provide a second entry opportunity if the initial breakout trade was missed. Some traders prefer to buy on the throwback.
There's no doubt that IT stocks had a massive rally since COVID crash and today it had fell by almost 3 percent. So is it profit booking or trend reversal? I heard some of them speaking about sectoral rotation from IT sector to Auto sector but I'm not in their side because IT sector are backbone of the economy, as long as economy is doing great they continue to...
Playing inside channel. Add it in Watchlist . Hopefully expecting Long breakout.
Maruti breakout at 7350 after Auto index breakout
With strong volume and candel formed in weekly chart Globally news supported for the stock
looks like double correction to me Primary degree: Red Intermediate degree: Black Minor degree: Blue. Current Count: Primary: wave Y Intermediate: wave C Minot: wave wave 3 complex correction's are identified by price movement confined in channel.Here we can see this phenomenon happening.wave Y has taken a form of an zigzag corrective pattern of which wave A...
I have explained island reversal and gap theory on breakout and exhausted gaps.
It's a clear strong break out in weekly time frame and ascending triangle with strong volume. In positional target 350
Ascending+Descending Triangle Breakout 200 EMA High / Low breakout Min. Possible Target - 254 Disclaimer : For Educational Purpose Only
In IOC Cup with Handle pattern formation completed we have to wait for breakout.
What Is Stop Hunting? Stop hunting is a strategy that attempts to force some market participants out of their positions by driving the price of an asset to a level where many individuals have chosen to set stop-loss orders. The triggering of many stop losses at once typically creates high volatility and can present a unique opportunity for investors who seek to...
My analysis is based on the Monthly chart. The monthly chart is considered ideal for long term investors and gives a directional perspective of the stock price. The stock is forming a double bottom pattern. Typically, a double bottom is formed after a single rounding bottom pattern is formed and is often an early sign of a potential reversal. According to...
Not every Keltner pierce is made the same. There are some minutiae you need to pay attention to. Here are some illustrations to help you out. The big moves that followed weren't necessarily predicted by the Keltner channel but that doesn't mean we can't profit off of it. Whenever one is trend trading, it is better to let the profits run so one doesn't...
Edges in the market erode all the time. New technology and information will never stop flowing in the market and we have to evolve all the time. Traditional chart patterns have no statistical edge and it is very important to use tools that can be tested statistically. One of the most important and never-talked-about statistical parameters among popular gurus is...
This is clear example of how accumulation distribution works with volume getting dry during fall in accumulation zone and rising after hitting the bottom.