SRTRANSFIN Descending Triangle
Just posted chart for learning purpose, please note the retracements levels bounce from key levels. How stock behaves at key levels marked to form price action on downside when the latest swing was marked using fibonacci retracement After Forming W Pattern at bottom, confirming through RSI Divergence, 1) First Retracement to 38.2% levels, then came down 2)...
Same logic as Nifty (See our Nifty analysis) - But is more bearish than Nifty Volatility may increase due to budget this week
Currently bata india is in the state of indecision of going up or down . Previously it shown some choppy movement , which is not enough to get information . If the market is sustain in these levels for 15-30 min you can open the trade with low quantity . This all are for educational purpose only , i am not perfect in market . you can see my previous analysis of...
PRICE STRUGGLING TO BREAK 2019 HIGH AND ALL TIME HIGH PRICE WILL RANGE A BIT
My view on nifty for tomorrow is bearish . This is my analysis and all this are for educational purpose only , currently nifty is on correction mode .
Long from 343 with Sl 341 Target 1 is 351 target 2 is 355
TAIL, This is a reversal of prior trend pattern that shows up as one candle reaching out well beyond normal price action. Sometimes referred to as a Hammer which is used to spot signs of a reversal indication . For Example, 1 Tail at a value low and Psychologically, this can signal exhaustion in the selling mentality and a developing appetite for long...
Conditions of a Perfect Shooting Star: . Body is short. . The height of the candlestick (the difference between high and low price) is tall enough and it's more than the Daily ATR(264). The taller the Candlestick is, the stronger the Shooting Star . . The upper shadow (also known as upper wick or tail is the distance between the high price and the close or...
These two points are -ve for trade in short side. Minor and weighted supports have existed. The excess(f) might be performed as excess and price can move still to the channe l. Suppose to, this stock is entered into the bearish zone, it will not back 7605 above.
one should keep sharp eye on movement of heavy weighted stocks, it's support resistance too, for getting confirm 5% to10% profit in options
Bullish engulfing at Resistance, twoconfluences already to go with the trade. :)
#3 I leave this chart for educational purpose because I really didn't enter here but i definitely traded it in my demo acc. Confluence 1: Formation of a perfect head and shoulder. Confluence 2:Breakdown. confluence 3: Retest with a decent bearish candle. Stay humble. Stay blessed. Work hard.