In technical analysis, a breakout refers to a substantial price movement of a financial instrument, such as a stock or commodity, surpassing a specific level of support or resistance. This occurrence is of paramount importance, as it frequently signifies the initiation of a new trend, offering traders and investors valuable insights for informed...
Hello Everyone as you can see here we have made two lines at the top and two lines at the bottom of the same height and you can see how it worked very well and told you very early that where it could be down and have to be cautious but it doesn't mean that everytime you find something like this you should be cautious at there and ready to exit and take the profit....
Steps 1) Identify potential breakout zones , crucial supports , resistances ,trend line , Patters like (triangle , rectangle , consolidation ) TATA POWER other examples UJJIVAN ADANIENT BTCUSD BANKNIFTY 2) Wait for breakout "do not enter just seeing the breakout " ,watch carefully the volumes , then wait for a price to retest the level. Many times when...
Be Cautious Double #Rectangle #channel #breakdown (trend reversal ) at #AxisBank weekly chart. #Rectangle #channel This pattern is formed when there is a tough competition between the bulls and the bears, no body is ready to give up resulting in equal highs and equal lows. That is why this pattern is also known as consolidation zones. Breakout: It can occur in...
Hey everyone, Here is a detailed analysis of Cardano . It has been in a downtrend since September first week. We might consider this downtrend as a correction if it takes support on the 0.786 level of Fibonacci . Let's get into the history of ADA and what happened in the past few weeks. ADA retraced from the golden zone of Fibonacci of the previous wave and...
rectangle pattern 1. price moves in range on side ways to form a rectangle pattern. 2. as a result , a firm resistance on upper side and support on lower side formed . 3. stock will have either a distribution phase or continuation phase till breakout of resistance or breakdown of support happens 4. an impulsive move at resistance with volume will...
Trendline still not broken (price near trendline and in consolidation mode around 15600 to 15900 This week the nifty closed at ATH and managed to close at upper levels. Making small momentum candles (can break either side, p.s. Major trend is up) Strong support at 15300 levels A decisive close above 16000 with a catalyst is needed to enter new territory. This weak...
This is an example of how I mark my charts while taking trades. Defensive trading strategies are very good for sideways markets. The indices around the world are sideways and not making any fresh highs or lows. The principle that I have explained on the charts is ideal for protecting your capital and has a higher chance of succeeding. When the price moves to...
DCB Bank is forming pattern inside pattern i.e Head & Shoulder and Rectangle Pattern. This idea is for education purpose only. dyor
As per the chart, We can see 670 Rs. as per the chart pattern
ITC is forming Ascending triangle and Rectangle pattern. This post is for education purpose only.
is it Breaking long term Rectangle.
Either Range Breakout or Inside Range Trade
READ THE CHART FOR STUDY PURPOSE
TECHNO WATCH CANARA BANK IS LOOKING GOOD FOR A POSITIONAL TRADE AS RSI HAS REVERSED FROM OVERSOLD ZONES WITH STRONG FORCE AND MACD IS ON THE VERGE OF A POSITIVE CROSSOVER RESISTANCE IS NEAR 210-214 WERE ONCE TAKEN OUT WILL LEAD TO RE-ENTRY INTO THE CONSOLIDATION ZONE OF 213-293 SO GOOD POTENTIAL RETURNS AHEAD !!WATCH OUT!! !!FOR TRADE CALL!! !!PLEASE NOTE TRADE...
BPCL chart showing high volume selling today, RSI tanked below 60. If stock breaks 375 with volumes, more pain to be witnessed. If a bounce is witnessed after touching 373-375, might zoom above more. Levels mentioned in chart. Do your research before taking trading decision.
1. Price is above 50 EMA and 200 MA. 2. RSI progressing steadily. 3. Two bullish candles