Hi Friends and Traders, Thought of sharing this interesting trade that really tested my patience and invoked all sorts of thoughts (that one has to control) to win over the markets. Perfect Entry Good Risk to Reward Market was not in the mood to reward me yet :-) Went completely sideways for almost 20 days Stuck with the trade as the price was in HH , HL...
Bulls eys-fibonacci spiral Gann mentioned about the gift to be obtained when the shell is broken. Thsi is the shell in 15 minutes chart. Whichever side the shell is broken the gift will be yours to take.
Following is my bar-by-bar trade analysis of Venkeys, currently sitting at 80%+ ROI. a. Entered NSE:VENKEYS thanks to the range breakout + RSI 60 breach, indicating momentum. Stop placed at around gap filling (1650). 50DMA was ~9% away from LTP. b. Price saw a strong move on the upside on the next day with a sizeable gap-up. 2,000 psych level held + very strong...
Cup and handle pattern. Only whenever is gives breakout
Triangle is a classic price action pattern that is applied by technical analysts to make predictions trading different financial markets. Depending on the shape of the triangle, there are three main variations of this pattern. Its meaning changes dramatically from one to another so it is crucially important for you to know the difference. 👉 The symmetrical...
#76 (GENIE IDEAS): I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation.and if you have any queries let me know.I HAVE LINKED MY PREVIOUS POSTS ON TCS BELOW . Leave a comment that is helpful or encouraging. Let's master the markets together .
Trading Journal is the only key tool to develop your strategy by time, by reviewing & not repeating the same mistakes again. Here i shared my Simple Trading Journal (Format & Example) for your reference. Keep Journaling & Never Stop Learning. Think & Trade in Probability. Note: I Personally use Google Keep to JOURNAL & REVIEW my trades.
CESC : It has formed channel pattern ( slightly ascending) for 400+ days and it gave breakout on 07 june 2021. The stock is now retesting its resistance line, if the retest is successful it can give a strong up move at least equal to the breadth of the channel . Feel free to share your views/feedback, also let me know in the comments if you liked my analysis on this stock.
Hi currently ONGC in demand zone when it break it's demand zone then it's first target is Rs 128.40
Hey traders, Relative strength index is a classic technical indicator . It is frequently applied to spot a market reversal. RSI divergence is considered to be a quite reliable signal of a coming trend violation and change . Though newbie traders think that the application of the divergence is quite complicated, in practice, you can easily identify it...
As it also triggers "Sell Signal" as per the theories of Price Signal. You can also see how the Alligator Oscillator indicator tells you to enter a position during the indicator's awakening phase, hold it through the eating phase and exit it during the sated phase. This indicator is a good alternative to the MFI indicator We use in the Entropy setups or any...
I have given 2 examples of correct and incorrect wave count. You may lose opportunities due to incorrect wave count.
After momentum divergence and 2-4 trend line breach bank nifty trend has been side ways to downside. so far it looks like bank nifty is making double correction WXY, of which wave W and X is done and Wave y sub-wave A is done and Wave y sub wave B is going on,which should be used to exit long's previously hold. Now where this wave B will end cannot be...
ONGC weekly chart is exhibiting confluence of three different trendlines: 1. An upward sloping trendline from Nov'20 2. A downward sloping trendline from Jan'18 3. The horizontal trendline at 120 price range The price is is a super interesting place and we will be watching where the it will go from here, ready to bring out our ammo, whether it breaks up or down.
Negative divergence on RSI for wave 3 and wave 5 was indicating weakness which is confirmed when wave 2 & 4 trend line got broken in less time than wave 5 took to form.However wave 4 low's has not been taken taken out in less time than wave 5 took to form indicating current fall is correction and not major trend reversal. Question is what form will this...