when to sell a stock🧵 1) Repeated Corporate Governance issues - Exit a stock if there is news of repeated CG issues popping up every now and then. It takes a mountain to change a bad management. Better opportunities always exists. 2) If the financial performance of the company is declining - keep a watch on this over quarters to see if the performance in profits...
We realize that sometimes you just want to get your charts out to people as soon as possible. With the Tweet Chart Image feature, now you can! As illustrated above, simply choose "Publish" then "Tweet Chart Image" and you'll be able to tweet the image out directly from your Twitter account to get that critical analysis to your followers fast! What's that?...
How to ride on a swing trade? One good strategy in price action is to use 21 EMA and ride on swing trades for short or long terms. 21-day EMA can be called as the Goldilocks of all moving averages. 5,8,13 can be too tight and 50,100,200 are too loose for looking at moving averages, hence 21 EMA can be considered as a powerful average. In this strategy 21 EMA LOW...
Indicator Free Analysis with Fibonacci Ratio Integration: The above is a daily chart of Alkyl Amine, a quality monopoly stock with clear cut competitive edge in its respective industry. We can observe that a previous resistance was present at 4000 levels which was broken with big bullish harami green candles accompanied with volume. A basic rule of chart analysis...
What Is Quadruple Witching? Quadruple witching refers to a date on which stock index futures, stock index options, stock options, and single stock futures expire simultaneously. This happens in the US market but since the US market affects the markets worldwide, hence it becomes an important event for all other markets too. Highlights: • Quadruple witching...
1. What is support and resistance? Support - Area on your chart with potential buying pressure Support - Area on your chart with potential buying pressure Most of the text books says the more times support and resistance is tested, it become stronger. But the truth is the more time it tested it becomes weaker. ( Refer the Image). 2. Support and Resistance is...
The results from your testing will strongly depend on your discipline during the trading process. One step outside of the rules will change your day trading strategy’s potential, so be careful and trade wisely.
Many people know the importance of Stoploss but placing stoploss is also need little effort and logic.
Today on Nifty, It was a bear trap after consolidation, Generally, we wait for a strong 15-minute candle when breakout/ breakdown happens. Today after the breakdown Nifty again started an upward journey, Most people thought it's going for Retracement Maybe. It spent some time on the breakdown Point. At this time if we see RSI, It was showing strength and was...
I can only come up with this following count,in order to come up with a logical count,i kept on taking more data in order to make some sense with my labeling. Reason for considering current rise a part of Bow-Tie Diametric Pattern are as follows Starting point was taken on the basis of faster retracement of prior swing high ,since then price has not shown any...
Volume analysis in IEX Volumes and daily candles in IEX explained
Rectangle pattern explained in hindi. Things you should consider before taking trade in rectangle pattern.
In my latest BTCUSD article I mention that it is easier to profit from the bullish/growing crypto/altcoins market by holding rather than "jumping" around from coin to coin, which can lead to some gains but in the end one can lose. It is better to buy and hold and wait for your turn to come. Let me detail this strategy for you in 3 simple steps. Feel free to...
Excellent Example of POC at work. - Huge Accumulation Happened on JSL between 8th & 22nd July. - Price remained Sideways and started dropping. - Price took support exactly at the Point of Control (POC) of Huge Accumulation days and retraced back up. What is POC? It is a Point of Control. It tells us the average price at which maximum volume activity happened...
Reason for starting wave count from the point shown here is,in the past price movement(from covid low's) no prior swing high is retraced faster then the fall from that high took to form. Rules and Reason for impulse count 1)wave 2 should take more time then wave 1 to form,here this rule is followed 2)0-2 trend line should not be touched by wave 1 price...
The above chart is that of a Weekly Timeframe. Here we can see that a Rounding Bottom is formed at the top of Reliance when it is trading at all time high. Why a Rounding Bottom is formed? A rounding bottom marks a struggle between buying demand and selling pressure that is almost equal. In the first part of the formation, the sellers overpower the buyers...
Important Note:- Very complex and professional techniques I have discussed in the below texts. So my friends read this minimum 3 times, otherwise you will not get the inside what I'm saying about. See how a professional trader using multiple trend lines in a chart and find out opportunities. 1. Here you can see two old trendlines are there and two new trend...
Here are a few setups that I use in my day to day trading. They work well in all the timeframes and in all types of markets. I am only showing bullish scenarios due to space constraint but one may also look for bearish scenarios which work in the same manner. Like Down trendline or Downward sloping channel; downward sloping MA; breakdown of a range; and price...