-Always wait for the current candle to close beyond the trendline to confirm the break. -Always wait for the current candle to close beyond the Previous Higher Low to confirm the Trade
CNX IT is following perfecr suport resistanc at important levels 3.618 extension can be a strong resistance ahead
Why you should not buy and sell based on RSI overbought and oversold concept. How RSI works.
Mahindra & Mahindra looks good on chart and also auto sector's results will be fantastic.
Expected an uptrend after a deep correction from 219. If it doesn't break its support of 170.4 can expect an upside with targets up to 196. This is my first analysis, comment if it's right?
either break or resist , this could be breakout or reject this trendline
sorry for the last video .. my marker was not working that's why .... but this one is okk , please like the video
keep eye on it it has made triangle in lager timeframe
Understanding the overall structure. :- Here it is simple higher high higher low structure. Stock currently above previous higher high. How to Set Targets using Fibonacci extensions. First Identify the swing. here it is 308 to 1389. then place Fibonacci tool. After placing look at 38.2% 50% 61.8% levels if the stock has faced major resistance or support or...
here the idea about PNB spot chart for swing trading , this is only for learning purpose
Dear reader, this is a full-fledged trading system. If you follow all the mentioned steps correctly, you will definitely have a great winning ratio. You can back-test this system on any instrument, stock, commodity, forex, etc. This system should only be used to take “Long” trades using the 5 min time frame on a stock that has sufficient liquidity. Steps to...
- Stock to give a bull run - Stop loss should be tight around 135 range because once the stocks goes below 135 range it has a high probability to go till the demand zone 110. - If the stock touches the demand zone at 110 can re-enter there. - Can anticipate a 12% move till 155 range
1. Find stocks which trading in a range. Longer the range - the bigger the move. 2. Wait for price to show strength. Don't jump all in at the breakout. Gradually build positions. Take a small position at breakout and a bigger one at pullback continuation.
What is Double Bottom Pattern? The double bottom pattern looks like the letter "W". It indicates an trend and momentum reversal in a particular asset. It is best for analyzing the intermediate to longer-term view of a market. Double Bottom Pattern one of the most reliable reversal pattern after Head and Shoulders Pattern. How does Double Bottom Pattern...
Stock Selection For Swing Trade in 5min. Live examples which I have done myself also explained.
Prologue : Trading seems to be the perfect solution in tough times. When there is no hope, trading gives easy ways to earn money. Share market looks so mesmerizing with so many good promises. Thrills everybody with its twists and turns. Who will escape from its attraction? Who dares to challenge it? For every tick, it makes the heart beat faster, making the...
I always wanted more from the swing trades I took and I failed to recognise the right target for my trade which many times lead to the stock going down from a major resistance or a trend reversal because of the resistance zone because of which i had to lose a winning trade many times and with time and practice i realised what is best for me is to sell that stock...
Double bottom in formation If it crosses previous high then double bottom pattern breakout will be seen.. A very good upside is seen whenever double bottom breakout is seen