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.
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.