This is a quick guide into using relative strength charts (or RS charts) that will help you pick stocks that are stronger than the broad market or identify sectors/industries that might outperform the broadmarket.
Today I am writing about one of the most asked questions. Most traders face this situation. Only very few take necessary steps to rectify it. Query : After making huge losses, I am putting my money again in trading. It is painful to get loss, Every time I get loss, I panic, still I am adding money to capital and trade. It affects my peace of mind. What to do?...
I wasn't able to share all the detail in depth but this technical will help you to learn that how you can analyze the charts
T - 93.65 - 09 Aug 2021 Doubted NSE:L_TFH
E - 749 - 14 Aug 2021 T - 963 - 14 Oct 2021
ZEEL has retraced to level 1 on fib series. and has been facing resistance at this level. Keep an eye on this media house.. Beyond 233 it can give a swift upmove towards 300.. which is the next fib level. Only good for investment above the fib level of 233. Currently the stock is out of its long term down trend by breaking the fall trendline resistance and has...
I have based my analysis on Stan Weinstein's framework on Weekly chart where price structure, 30 weekly MA, volume and relative strength (not RSI) play a role in analysing the trend. Personally, I like stocks near ATH because it tells me that prior resistance has been broken. It is important for me to select stocks that have strong relative strength against a...
labelling done using following rules for impulse 1)wave 2 should not retrace wave 1 entirely 2)wave 3 cant be shortest 3)wave 4 cant enter wave 1(except diagonal) for flat with truncated wave c 1)wave b should at least retrace wave a by 80% 2)wave c should at least reach 61.8% extention of wave a. for zigzag with truncated wave c 1)wave b should not retrace...
6 Mistakes most traders repeat in trading. Not beginners but even experience traders face these issues.
Falling wedge pattern ( black lines ) breakout. The falling wedge pattern is interpreted as both a bullish continuation and bullish reversal pattern which gives rise to some confusion in the identification of the pattern. Both scenarios contain different market conditions which must be taken into consideration. The differentiating factor that separates the...
Basics of Price Action | Multi Candlestick Patterns | Basics of Technical Analysis
A breakout trade will work almost right away from the start, if the breakout happens with huge momentum and then you see Doji candles or hammer then there is a problem with follow-up. A bullish breakout must always be accompanied by a good follow up, else it cannot sustain. Bullish breakout needs good bullish candles, not Doji. Note-As soon as you enter a...
Stock is in a down trend considerable flag pattern formed overall looks very bearish
( For Educational Purpose Only)