Inverse Head & Shoulder is seen and is in consolidation and nice opportunity
NSE : HINDALCO,1D Breakout possible @390 levels :) Wait for more volume :)
CMP- 2127.85,Looking good for Monthly Holding Flag and Pole Pattern is seen Strong wick Rejection is Also there #Disclaimer:-I just shared my view for only educational purpose. Thanks
This post I have created for education purpose for the beginners. This is simple analysis without using any indicator. One should use 30 min timeframe for intraday only just to see what's happening on big timeframe. 30 min TF is not good for intraday and I wouldn't suggest this to anyone. My stoploss would be below the breakout candle also because it is below...
A parallel channel which can also be termed as a price channel is a tool to identify a share’s price in bounded parallel lines. It can be horizontal, ascending or descending. It’s a great tool for those traders who believe or trades with the idea of Price action. A parallel channel can be formed when the price of a security is restricted by supply and...
Inverse Head and shoulder pattern. This pattern appears when a trend is about to reverse. After years of down trend, stock is showing trend reversal on weekly charts. Huge volumes indicate there is accumulation complete. Accumulation phase is followed by participation phase. Here Participation phase and pattern breakout will go hand in hand. Chemical stocks...
All observations on chart. MULTIPLE CONFIRMATIONS & EXPLANATIONS OF DRAWINGS As you can see gold bounced tom 38.2% fibonacci level a good level to buy the dip. 19% correction from the top till pre covid levels Falling channel pattern visible on charts, usually gives good move on the upside. Double bottom pattern breakout given today. Price comfortable above...
Two Critcal Points. By Analyzing Nifty 50 Chart on 07-04-2021 1) Wide Demand Zone, But Weak Support Area. 14263 - 14517 If Price breaks any of the nearest Trend Line, In Days Closing Then, It is expected The price will fall to this support Area. 2) Strong Supply Zone, And Strong Resistance.14829 - 14881 If Price breaks this resistance at Days Closing, Then...
Wyckoff developed a price action market theory which is still a leading principle in today's trading practice. The Wyckoff method states that the price cycle of a traded instrument consists of 4 stages – Accumulation, Markup, Distribution, and MarkDown. 👉TEXTBOOK EXAMPLE Accumulation Schematic: Wyckoff Events and Phases 👈 And this is the accumulation...
Idea just to identify the pattern. We can see a short term bounce from here, but need to avoid fresh longs. Good to exit stuck positions or booking profits in short term trades.
Every stock, index, commodity etc goes through these 3 phases. Increased volumes in accumulation phase. This can be also a good swing trade.
In today's session, IRCTC has given a breakout of rounding bottom pattern. After this breakout, This stock gives quickly our projected initial target is 1750+ which is the height of rounding bottom pattern. Traded position: Buy Entry IRCTC at 1700-1710 Stop-loss 1680 Initial Target- 1750(1:2.5 risk reward)
1. MOVING AVERAGE CROSSOVER 2. TREND LINE BO 3. SUPPORT RESISTANCE 4. PRICE ACTION 5. SUPPLY AND DEMAND 6. BREAK OUT STRATEGY
If the market is pulling towards upside direction with less magnitude towards downside direction we can call it as an uptrend. Characteristics of an uptrend: 1) Higher High and higher low pattern in the swings 2) Less magnitude in secondary swings or downside swings in this case Hope this helps:) Nataraj Malavade Author of Mastermind of Day Trading Quant Trader...
If NIFTY sustains at its levels then BHEL will easily catch 42.50 level and the new resistance level (target) will be 44.40. (bought @38.65). Comment your view.
This stock was in sideways for a while and once brokeout with volume, Look at the move 13%
Pretty clean chart on $BAT, USDT pair. Make sure you are accumulating some, either by buying $BAT or using Brave browser as your daily browser. Average use of Brave browser alone will give you ~250-300 $BAT by next year which might be worth >100$ !