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.
Banknifty still in a pullback channel . Any support near 37000 can push it towards 37200 -37500 . Max possibility is for sideways market.
see my last idea where i gave buy call above resistance after that stock move really good a strong resistance zone and head and shoulder pattern breakout head and shoulder pattern usually work 70%+ times so with good risk to reward ratio we can trade in lower timeframe like 3min to higher timeframe weekly
Double top pattern in reliance, price targets, trade entry and SL price points. 20-09-2021
Bank Nifty clearly making HL from top trendline and LH from bottom trendline. It is clearly down trend in 15mn. timeframe. Look at time and their candle stick pattern.
Bank Nifty Making LH continuous and HL , BN also getting rejected from 61.80%
RSI As Scanner for identifying price direction: Very Useful As Scanner For Trading with Trend: Useful As Scanner For Trading Mean Reversion: Not Useful Stochastic As Scanner for identifying price direction: Not Useful As Scanner For Trading with Trend: Useful As Scanner For Trading Mean Reversion: Very Useful Stochastic RSI As Scanner for identifying...
I tried multiple times to catch a breakout on ITC and it has had it's ups and downs. 1st position I built was on 1st June. I tried to be a little greedy with the possibility of a reward, chose Options. Bought 220 CE and ITC being ITC promptly retraced back below resistance, and pretty much wiped out the money in the position. The 2nd time I tried a month...
How company can manuplate - ROE (Return on Equity) or there can be huge difference in ROE by factors explained.
Long opportunity on RBL Bank after the successful breakout. It will give a good return after the breakout in a short span of time.
In general, a logical stop loss varies from one situation to another. Some of the logical stop losses can be: 1. Swing high/low 2. Low of the Hammer/Inverted hammer 3. High of the Shooting star/Hanging man 4. Low of the demand zone 5. High of the supply zone If you are trading in options, broadly there are 2 ways to set a stop loss. There are: 1. Place the...
What is Cup & Handle Pattern ? 1.A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift. 2.A cup and handle is considered a bullish signal extending an uptrend, and is used to spot opportunities to go long. 3.Technical traders using this indicator should place...
Most common found pattern. Its temporary pause to extended rally. Key to identify this pattern is rejection after breaking wave A start. Always look for very smaller margin rise above start of wave A. C wave is sharp fall to reach 0.382 Fibonacci retracement of rally. All other details explained in chart. Comment your doubts.