Lets start with an example of NIFTY. Tomorrow, NIFTY can have three states - It can either end in green. It can either end in red. It is in the same place. Note - On any given day, NIFTY will be following one of these three states. Now, as per the theory of the Markov Chain, We need to assume that, tomorrow's state of NIFTY depends on today's state. So,...
Averaging & Pyramiding Rules Part-1. Mainly its part of psychology. If your psychology does not allow you to average with additional small risk just don't do it.
What is a Cup and Handle pattern? • The pattern resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. • This drop, or “handle” is meant to signal a buying opportunity. When this part of the price formation is over, the stock may reverse the course and reach new highs. • It is a bullish continuation...
So uch potential in this stock
CEAT channel pattern Confirmation: at support
Four type of Support and Resistance explained. 1. Horizontal resistance 2. Trendline 3. Fibonacci 4. Moving average
Setups are a very small part of what is necessary for a complete trading system, yet people still claim their setup conditions are their systems. When you see the setups in stock, you have an increased probability that the stock will go up. But it is through position sizing strategies & managing the ratio of risk to reward throughout the trade that produces great...
Idealized Elliot wave Progression
You can also learn and get confident from my backtest chart with proof. Refer the chart for the same. The above chart illustrate what is Regular flat correction. 3*3*5 structure. Guidelines • A corrective 3 waves move labelled as ABC • Subdivision of wave A and B is in 3 waves • Subdivision of wave C is in 5 waves impulse / diagonal • Subdivision of wave A...
Tradingview Tools and Stock Screener explained which are use din trading and charting regularly.
What I felt after watching this 2 hourly chart that markets are in a mood to consolidate and the best way I am finding is the markets every time trying to breach the 34450 levels they go up and came down heavily to 33300 levels which act as significant support. But markets are looking to go sideways and consolidate at 34500 on the higher side and 33300 on the...
Amara raja appears to be in a sideways trend. This is after a downtrend of the last 6 months, will have to see if the breakout after this sideways trend will be up or down? Also an evening star candle formation as on today.
please give me suggestion on this chart