This is clear example of how accumulation distribution works with volume getting dry during fall in accumulation zone and rising after hitting the bottom.
Markets often move in Channels be it range bound, Strong Up or Down. Channel helps to project direction and next reversal points. Combine Channels with one of momentum indicators MACD / RSI then spot divergences and channel moves will start making sense. Details are added on chart. Happy Learning.
As a breakout & retest is complete, it gives the best scenerio for entry with compliance to the rules of money management as RR ratio and position sizing are considered as major components while entring a trade for a trader. In this case, a low has been established at 665 which will act as a point for SL placement in the near future. Types of traders entering...
Types of Resistance: - There are 3 major types of Resistance 1. Trendline Resistance 2. Dynamic Resistance 3. Structure Resistance If you like this post then hit like button and follow me for future updates.
TTM has held its 20 hour MA...Simple analysis ...keep a stop at 20 hour MA...RSI is still on buy side ...Should reach 310 today...Educational only.
NSE:CANFINHOME Monring star pattern formation on Canfin Homes What is #MorningStar Pattern? The pattern is made up of three candles: normally a long bearish candle, followed by a short bullish or bearish doji or a small body candlestick, which is then followed by a long bullish candle.
On Eth 1Hr chart: An example of Strong Regular Bullish Divergence using the RSI. Confluence with Stochastic Oscillator also shown for entry confirmation
If Bulls take control over the market, consider mentioned targets. For intraday target 1 - 1180 target 2- 1385/1387 Stock is at a good risk to reward ratio if it breaks 1400 and continues the momentum
Breakout in PVR with volume. One must not miss this rally.
My trades My setup and reason of Holding explained. Reason why exit many trade and why i still holding many trades.
17600 level is resistance for Nifty50 and it may push down from level then go up for further move. Keep on eye on the level. 17600 level also 61.80% from top to bottom.
NIFTYIT/NIFTY relative strength chart has broken out of its bull flag on the daily chart. Going by this, we are likely to see IT stocks continue to outshine in the near future.
Good Morning Traders Nothing To something To everything 🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻 Have a look at above image to understand that we should focus on those things which we control & thus it makes sense for you guys to take perfect decisions while taking up the trade FOLLOW, LIKE , COMMENT & SUPPORT
This is an extention of WXY elliot wave pattern.This pattern has seven leg's just like WXY double corrective pattern.Here we see contraction in first 3 leg's high's and low's followed by smaller wave d bith in terms of price and time followed by expansion in last 3 legs. Each leg is internally divided in 3 sub wave giving entire pattern internal structure of...
Long opportunities in Jindal steel after the breakout in upside above 410 and short below 370 on closing basis.
Long opportunity in Federal Bank. Buy below 78-80/ above 96 for the target of 106.
Buy above 550/ below 510 with 490 SL on a closing basis. As price is trading in a narrow range. Let it decide direction by itself. No trade in a range.
Profit Booking in Strength is must for every trader. Do not wait for red days to book your profit.