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...
For the purpose of demonstrating how one can identify a trend change using Support - Resistance and Price Action, I have taken the daily chart of IEX. I had also identified and posted about it before the recent rally. The first step is to establish a clear support and resistance line. In case of a breakout, I like to keep my target at around the same price...
How to Select Stocks for your watchlist. You can make a perfect list for your upcoming trade and never regret for missing trades.
One can use this indicator for sell trade in downtrend market. In downtrend one can sell when CCI reading is above +100 to +150. This is trading technique when market is in downtrend and we may use SELL ON RISE STRATEGY. After selling we should place stop loss above latest high price. For conservative traders they can sell when CCI start going down below +100 reading.
The above chart is the daily chart of Bharat Electronics . Here we can observe that the stock has formed a Cup and Handle Pattern. Now I shall elaborate in detail on how to trade the Cup and Handle Pattern with appropriate Trading strategy and Psychology. In the above chart, we can observe a stiff resistance at 160 levels for the stock. Hence it needs to be...
Small cap company with good sales and profit growth on yearly basis : Fundamental key points : The fundamental analysis involved different aspect of company from top line to bottom line items, cash flow, financial ratio, order books, etc. This analysis based on simple ratio and past growth figure for better understanding. ...
As seen NIFTY 50 INDEX has been respecting the above spotted trend line after the breakout of broadening channel pattern. This an educational post on trend analysis and how to spot the trend lines.
The analysis is on how to create a low risk high reward trade with RSI being a key indicator,together with previous broken resistance line now acting as a support. If the price slope of the stock is negative (bearish) and the RSI slope is positive (bullish) it is an indication (RSI BULLISH DIVERGENCE) of the reversal in the price of the stock.With the previous...
Chart is self explanatory. Levels mentioned may be used as stop loss
Looking near a positive breakout range. so wait for breakout & retesting.
Based on previous analysis, the EURCAD trade printed 250 pips 🤑💰 FOLLOW FOR MORE! ALL THE BEST!
The stock has been trading in the range for past 200+ days and has started to show the signs of strength and these are: 1. A quick bounce from the support taking out the short term resistance of 1070. 2. Volumes have stated to increase showing the bullish sentiment among buyers. 3. The gap between 21-day and 50-day EMA has been reducing. Why this time the...
As you can see multiple pattern on chart stock is ready for one more big move
2 Mistakes cost me profit today. Never break your rules..
Do you know Support and Resistance is not a Price, It a Area (Range) . Every time price came to this Area (Range) it respected the Area very well as you can see in the chart. Rule :- Whenever support is broken its become resistance. And when Resistance is broken its become support. Hit Like and follow for more future updates.
Based on previous analysis of AUDJPY the trade which was shown in the analysis is killing 📈 100+ pips and counting! ALLT HE BEST!
# WE WILL MAKE ONLY PROFIT #What Is Moving Average Convergence Divergence (MACD)? Moving average convergence divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. The MACD is calculated by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA. The...
Awesome Triangle breakout caught in GranulesIndia today and also took as btst. Orginal trade was Buy at 335.6 and hold till 361+ with an sl of 330.5