What is Reverse head & shoulder ? Ans:- The Reverse Head and Shoulders is a bullish reversal pattern that is formed in the stock market when an asset experiences a decline, followed by a moderate recovery, then another decline to a lower level, another recovery to near the original decline, and finally another decline to a level that is lower than the previous...
Buying Climax: is a situation on the chart that represents ‘exhaustion’. This is the sharpest upward price surge where the last set of buyers enter the stock, thinking that the stock is going to the moon and never look back. This also reflects ‘Greed’ entering in to the stock. Investors who bought at the lower prices, during accumulation, take it as an...
What is RSI negative divergence? Negative divergence happens when the price of a security is in an uptrend and a major indicator such as relative strength index (RSI) heads downward. Price has fallen almost 25% from all time high levels, it has given breakout from the falling trend if sustained can make a new all time high but first price has to clear ₹ 206 levels.
Candlestick Interpretation After a downtrend ; Bullish Hammer , Bullish Engulfing , Inside bar , accumulation zone are formed as a act of Fibonacci retracement in Daily chart. Which gave a nice 11.8% profit with 3% stoploss.
The three inside up pattern is a bullish reversal pattern composed of a large down candle, a smaller up candle contained within the prior candle, and then another up candle that closes above the close of the second candle. These patterns are short-term in nature, and may not always result in a significant or even minor trend change. Consider using these...
Hello Traders, I am back with the new educational concept. You may have often heard the word "RSI" We are going to study about RSI : "Relative Strength Index", which is the most used indicator. RSI is the price following indicator and it provides important levels from 0 to 100. The important levels of RSI are 40-60, 70-30 and...
Today's weak opening and recovery so far looks similar to the lower circuit and recovery on March 12, 2020, we know what followed next. BOTTOMS are RARELY made in V shape. They consolidate before gaining momentum. Intra day and stock specific would be a different matter, else let the mayhem fizzle out then look for reversals. Resistance at 9800.
In the Recent Fall HDFC Bank retraced 50% from its lows. same as NIFTY 50, now NIFTY looks reversal same could be the case for all indexed stockes which retraced to certain levels. we could see 850 levels in HDFCBANK in this MAY series.
There is a rejection from 1000 levels. which is also 50% retracement of Fibonacci retracement. easy target would be 900 if it opens gap down. if it is able to close below support trend line. it may fall further.
HINDPETRO is looking good but the 290-300 level is big obstacle for this stock by comparing previous months so it can make a good move on above 300. still need to wait few days to get confirmation.people can buy this stock who can average if it goes down. but overall trend positive.......share your view as a comment please.....
Here I used EMA , KAMA & RSI. at a 1450 level, a very strong resistance is there. We can see the RSI & chart pattern is complementing each other very well. it looks like the bullish trend is very strong so it can take some time to reverse.
After continuous 3 downside impulsive waves now the RELIANCE chart has made a Wolfe's Wave with a beautiful breakdown of bottom line. Furthermore, according to Price Action, RELIANCE has form a good reversal pattern by making a HIGHER LOW and gave a good closing near previous SWING HIGH. And if the STOCK now moves above its previous HIGH then it will enter...
Retracement and Reversal decoding the price movement. Watch out for 2G(with Red Dot)* and you might be the lucky one to find the Top. Watch out for 2R(with Green Dot)* and you might be the lucky one to find the Bottom. For more details check out * 2G(with Green Dot) and 2R(with Red Dot) also occur
Retracement and Reversal decoding the price movement. Watch out for 2G(with Red Dot)* and you might be the lucky one to find the Top. Watch out for 2R(with Green Dot)* and you might be the lucky one to find the Bottom. For more details check out * 2G(with Green Dot) and 2R(with Red Dot) also occur
Retracement and Reversal decoding the price movement. Watch out for 2G(with Red Dot)* and you might be the lucky one to find the Top. Watch out for 2R(with Green Dot)* and you might be the lucky one to find the Bottom. For more details check out * 2G(with Green Dot) and 2R(with Red Dot) also occur
Retracement and Reversal decoding the price movement. Watch out for 2G(with Red Dot)* and you might be the lucky one to find the Top. Watch out for 2R(with Green Dot)* and you might be the lucky one to find the Bottom. For more details check out * 2G(with Green Dot) and 2R(with Red Dot) also occur
Retracement and Reversal decoding the price movement. Watch out for 2G(with Red Dot)* and you might be the lucky one to find the Top. Watch out for 2R(with Green Dot)* and you might be the lucky one to find the Bottom. For more details check out * 2G(with Green Dot) and 2R(with Red Dot) also occur
Retracement and Reversal decoding the price movement. Watch out for 2G(with Red Dot)* and you might be the lucky one to find the Top. Watch out for 2R(with Green Dot)* and you might be the lucky one to find the Bottom. For more details check out * 2G(with Green Dot) and 2R(with Red Dot) also occur