Reason 1: It is taking support at long time trendline Reason 2: we could evident a channel pattern which look so strong from the past month. Reason 3: CONFLUENCE The support line of channel pattern is meeting with long term trendline as you can see in chart. Reason 4: Emerging of morning star candlesticks right away at the confluence. Reason 5: we could also...
The stair steps pattern overview The stair steps pattern forms along with the trend .It shows an uptrend where the price rises and falls abruptly. The graph reminds the stairs, thus a name of the pattern In the uptrend, you may notice long consecutive bullish candles. Then, the price adjustment takes place and the cycle starts all over again. The price...
A flat base pattern is long flattish movement of share price. Usually, I would invalidate > 30% move from FB pattern if I am using monthly candles. For weekly my barometer is 15%. In most cases, FB pattern gives a very strong breakout. In some cases annualized returns > 100 % can be expected. Rather than keeping fixed targets for such breakouts, a 20% trailing...
"Many are called, but few are chosen". Ever heard this proverb? This is certainly true for trading, in fact, there is even a rule in trading about this, the 90-90-90 rule. So what does this rule say? "90% of traders lose 90% of their money in 90 days" 😱😱😱 That's right, statistics show that 90% of people who start trading lose the majority of their money in less...
disclaimer - based on personal view.
Price tested H3 levels of Camrilla pivots . H3 levels are uptrend reversal levels when in confluence with multiple resistances confirmation. L3 is another trend reversal pivot , which got crossed by volumes and wide range candles. H3 to L3 and vice versa trades occurs frequently.
Stock is trading around demand zone with a few narrow candles. If the level holds it should bounce from here.
Multiple hammer build-up co-inciding with resistance levels per daily and weekly candles. With overall market view expected to be downward, this could be a good trade.
HUL had fallen 15% from it peak in the last two weeks. after making indecisive candle it had formed two strong bearish candles. Now it is ready to touch 2000 levels, which is also 50 DMA. if it closes below 2000 levels, it can even touch March lows again.
If it gives an hourly close below 70 then there would a v strong likelihood of further cooling till 50 where it has an alignment of support from Monthly down to Hourly. This in turn would get some steadiness to markets. Less of these wild intraday swings and lower probabilities of large daily candles. Near 50 it could then resume its upward journey. Whether this...
GBPJPY IS CURRENTLY IN A DOWNTREND WHICH IS MOST LIKELY TO CONTINUE TILL THE LAST SUPPORT LEVEL GIVEN. TRADE BETWEEN THE ZONES AS PER THE CONFIRMATION OF THE CANDLES. TRADE SMART.
Intraday Trading Strategy Time Frame:- 15 min, 30 min. indicators:- 1) RSI:- 9 period, (60, 40 Overbrough & Oversold zone respectively) 2) Stochastic RSI:- (8,8,3,3) 3) EMA :- 10 Period 4) Candlstick Type :- Heikin ashi what is strategy...? Buy condition:- if we are getting two consecutive green candles and RSI, Stochastic RSI also giving crossover then...
NSE:RELIANCE Long term trend line (without log. It looks like one top has been formed on chart after the formation of duo bearish candles. Good correction expected.
HighLight tail with Yellow color at value low. -> Tail detect each time when price taken U-turn. Wave counting 5 are completed. Gravitating price is at 11340 as a target. (suppose to close above 11357, then the next target will be 11468 (more than 90% probabilities). We may face Resistance at control price 11340 nearby, for target 11189. 95% chance to...
Bearish Pennant pattern breakout with high volume. MACD gone below zero. The Length of Pole (AB) is the target. Monthly and weekly with bearish engulfing candles.
NIFTY target was expected at 11680 but there was a throw over to 11761 just breaking the ATH by 1 point and making a double top. A perfect double top needed nearly 6 months gap and Nifty exactly done that. A double top indicate bearish implications. Moreover the weekly chart doji and the high premium points to some cooling off. As detailed in last post NS made...
BULL: Stock in uptrend with strong momentum. Taking support from the resistance level 610. BEAR: Its history. Every time stock reaches this level, it does so by good green candle. The red forms up and price reverses. Shooting star is formed at 4 hour chart. Taking support from the resistance level 610. Possible bull trap. In areas of low volume in volume...
" Wick -ed ucational" show We have discussed about Candlestick Analysis in this video idea. Any candlestick has 2 important components Wick Real Body If these "wick" turns wicked on account of FED decision then -call him & he shall help you - "Who" - Our lord...