What is exhaustion? The exhaustion is a stage at which buyers are tired out(in an uptrend), either because the price made a new all time high too fast with a huge gap (where the valuations are unacceptable for the buyers) or the price ran too fast into a resistance zone where the buyers do not want to buy because of supply risk at the resistance. Normally...
Prices are ranging from 6014 - 5227. The Formation \/\ is formed. Now we have to see the final leg. The candlesticks show a thrusting pattern on 19/10/18. Bullish signal that needs confirmation. The bottom was tested on 19th October where a low of 5240 was made and then the stock rallied. If close above 6200. Buy at 6201. You may buy at a retracement. caution...
THIS IS THE FOURTH PART OF THE ANALYSIS ON NIFTY -1.24% 2.32% FALL. IF YOU NOT READ THE PREVIOUS ONE 3 POSTS, PLEASE READ THE SAME FOR BETTER UNDERSTANDING. I HAVE ALSO SHARED ITS LINK BELOW. Some Lines I said in the previous post “In the process to up,There has been 2 Gaps created in the past downfall and crossed 2 Fibo support (Mentioned Below) which will stop...
THIS IS THE THIRD PART OF THE ANALYSIS ON NIFTY 2.32% FALL. IF YOU NOT READ THE PREVIOUS ONE 2 POSTS, PLEASE READ THE SAME FOR BETTER UNDERSTANDING. I HAVE ALSO SHARED ITS LINK BELOW. Last time we estimated a big downfall in the month of October and believed that IT Sector might stay in pressure as the results of Tata Elxsi disappointed and Number of TCS may...
**Please do back-test strategy and then trade. candle time-frame 15 min Strategy is very simple. Choose the stocks for which 1st candle is engulfing next 6 candles. Then punch order below first candle low or above first candle high. chartink.com Scan by this. You may get a good trade with it. For SL see below rules For buy SL will be first candle low For...
Two squares and a circle is drawn in the chart. It can be seen from the 2 squares nifty waited for the stochastic to enter above 80 to give long candles and decisive up move. Now in the circle marked area the stochastic cross over happened and it is above 80 and started giving the long green candles and once the stochastic red signal turns upwards we can see a...
keep in your wacth list. high of 146 to be broken to the upside, then this pattern becomes valid. When the harami pattern appears, it depicts a condition in which the market is losing its steam in the prevailing direction. The harami consists of a small real body that is contained within the preceding large candles' real body. The preceding candle tends to be...
People go for costly indicators, softwares etc. But do you know there is a very simple way to analyse? We all can use it. As children we all learnt about drawing lines. And these simple lines are still helpful and more powerful in trading. You need to connect two points to draw trend line. It should not intercept other candles. Try and see how trend lines are...
The Main Tools of Fundamental Analysis This approach seeks to uncover the intrinsic value of a security, such as a stock or currency, using these main tools: Financial statements: These include a company's income statement, balance sheet, and cash flow statement, which provide a financial snapshot and help assess its profitability, liquidity, and solvency....
MCX:GOLD1! What is Trend and how to identify it? A trend is the overall direction of a market or an asset's price. an uptrend is defined using peak and trough analysis. An uptrend is represented by a series of successively higher highs (peaks) and lows (troughs), while a downtrend is represented by a series of successively lower highs and lows. ->One can...
Hey everyone! 👋 🥳 Welcome to the 2022 Community Awards! 🥳 It’s that time of year again, which means it’s time for us to shine a light on some of the best content shared on TradingView in 2022. Roll back the clocks with us as we dive deep into the best trade ideas, educational posts, and videos that you shared on our network. Without further ado, let’s jump...
Hello guys today here I am sharing about RENKO charts for what is RENKO chart what are the uses and what are the benefits of this chart type. So that is why I am using RENKO chart for this publication. WHAT IS RENKO CHART (INRTRODUCTION)-: A Renko chart is a type of chart, developed by the Japanese, that is built using price movement rather than both price and...
Through series of educational posts we have got an elaborate knowledge of candlestick pattern which include both reversal and continuation patterns and this post is somewhat different from candlestick it's all about moving average crossovers. General concept of crossover is that a fast moving average surpasses slow one in any directional trend and could help you...
Asian paints had corrected more than 16% in just a month . After 101 days, the price is back to the strong support zone. Price has made a kangaroo tail/hammer candlestick pattern on the support zone. 200EMA is also near to price. Wave principle is also giving a similar explanation. There are three confirmations to find the ending point of wave four. 1. Price...
👑 Terms used if you don't know : ✣ An inverse head and shoulders also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends. This pattern is identified when the price action of security meets the following characteristics: the price falls...
Hi guys, I have finally completed the thread on Fibonacci (Though it took longer than usual). I have tried with the best of my little knowledge to create this thread. This has everything you need to know about Fibonacci retracement and Fibonacci extension. Also, if the thread is free that doesn't mean I have compromised with the quality. All you have to do is just...
A bearish engulfing pattern is a technical chart pattern that signals lower prices to come. The pattern consists of an up (white or green) candlestick followed by a large down (black or red) candlestick that eclipses or "engulfs" the smaller up candle. Bearish Engulfing Potential Sell Signal: Three ways for selling using the Bearish Engulfing Pattern from most...
Fixed Range Volume Profile: helps to construct a significant Supply & Demand zones over a specific period of time. Either it belongs to shorter time frame (15m-4H) or secular time frames (1D-1M) . Note: The whole explanation is in Structured manner. Read carefully and Enjoy. Type of FR Volume Profiles patterns. 1. P Type 2. D Type 3. b Type . 1. P Type...