An Uptrending stock gives many opportunities to enter in it. But...we miss many of them assuming it as a reversal or before we enter the stock moves much higher again and Risk/Reward ratio is unfavourable for our trade. Here I am with another tried and tested strategy to find whether it's a pullback or trend reversal and the most IMPORTANT...enter before the...
Hi everyone, I have tried to provide a holistic view of all the market cycles of Nifty from 2001-2021. This post may or may not make sense, hence just read without any predefined notion. This post took me a few days to get rolling, so please show some appreciation. We will be talking about the following parameters: 1. Corrections after each cycle 2. Price...
Simply speaking a support is a zone where demand overcomes supply. There are more buy orders than the sell orders at this level, which could force the bids to go higher and hence the stock can rally. I would like to discuss one of the efficient ways to trade support levels. This is not the only way and may not be the perfect one but still with good success...
What is IMBALANCE in the MARKET ? How to TRADE ? Imbalance also known as Price Inefficiency is a key factor in Stock market price action Trading. Look for any candle which has a full body and look for the part of the candle that isn't overlapped by the previous and next candles' wicks. This signifies an imbalance in the market because there were few...
Supply and Demand Trading Strategy is a price action strategy that focuses on identifying Institutional Buying & Selling Footprints on a Price Chart. This strategy doesn’t rely on any indicators or oscillators; entire focus is on Price Action. Owing to the sheer large size of their orders, Institutional buying or selling leaves behind certain footprints which...
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...
EDUCATIONAL: Weekly chart is indicating topping out pattern BUT NOT YET CONFIRMED! Only when we have a nice red candle following soon, it will be confirmed. The daily chart has two red candles. It has dropped to less than 2% from lifetime high so surely it is too early to call for a correction but this scrip will be interesting to watch if further candles...
This strategy does not work 100% of the time, but it does offer a good risk reward ratio. If the pattern occurs in the first 15 min, wait for about an hour and observe the price action, and take a trade only after the breakout. Taking a trade too early may result in your SL getting triggered too soon. You want to try and make it harder for the market to trigger...
ICICIBANK 2008 fall has almost simialr candlestick charactristics. fall happened in 10 months from top to bottom. first 4 candles look similar. 5th is a little different. but looks like we have another 50% correction if we compare with 2008. first 5 candles have almost 50% correction for the first months in 2008 almost 50% correction now in 2020 also although...
Supply, Operator Already dumped last 5 days. so he dont have none, and bought at low price. These blue candles are Basing Candles. after 3-5 more continue basing candle, Price will come down. As per numbers, 300-500 Must rally from here.
Generally, When RSI shows values higher than 70 or below 30, this is to considered as stock or index is overbought or oversold. But that's not always the case. As we just learned In The Introduction : Relative Strength Index (RSI) that a high RSI means that there were more bullish candles then bearish candles. As stock or index can't go up or down in straight...
This is hourly timeframe. This is how I analyze the consolidation only technically. From fibo. recent top to bottom, Nifty is taking resistance 0.38 fibonacci level. Let's pointout the short trend and understand each. 1] Nifty started consolidating 6th May 2022. It started falling, gone sideways for sometime and gave bounce back. 2] And it tested the 16400...
Taking A Right Breakout Trade Can Be Really Benifical, But What If It Is A Fake Breakout , Than It Will Be A Real Pain .... There Is No Way One Can Completely Avoid All The False Breakout , But It Is Possible To Avoid Most Of Them With Certain Strategies ,Which We Are Going To Talk About In This Post . . So, Lets See How To Not Trade A Breakout And Avoid Fake...
Guys today we are going to discuss about Adani port initially I would would discuss how it was in a uptrend, there after I will show that how we could have identified that it will turn into a down Trend. (Please open this post in a Separate Tab. And using mouse click on the chart and move cursor to the left to see the remaining part of the chart) Adani port was...
In this guide, you’ll learn about all the different tools that are available to you on the chart. Specifically, we’ll be looking at the toolbars that are located at the top, bottom, left and right of the chart: To summarize the chart above, the breakdown looks like this: ■ Top toolbar: Chart tools ■ Left-side toolbar: Drawing tools ■ Right-side toolbar:...
Ross Hook pattern (simple) explanation using Bank Nifty Daily chart : We tried to explain Ross Hook pattern in a very simple way here taking Bank Nifty Daily chart as example. Ross Hook pattern can be termed as an extension/correction/advancement (as per me) to 1-2-3 pattern. The difference which can be noticed is hook kind of formation after point 3 where...
Price Action vs Indicators: A Fresh Perspective The comparison between price action and indicator trading has been a topic of debate for a long time. In this article, I aim to debunk some popular beliefs and provide traders with a new outlook on this ongoing argument. 1. Price Action is Better Than Indicators Price action traders often claim that their method is...
# 10 Points Strategy to Master Crypto:- (More the points confirmation more may be the accuracy). 1. Market Cycle - Know the Bigger Picture - Establish a Bias - Its Bullish or Bearish. 2. Market Cap Dominance Percentage chart - Interest Increasing in Bitcoin or Altcoin. 3. Open Interest - Total Buyer & Seller Increasing or Decreasing. 4. Long/Short Ratio -...