HINDPETRO - Bullish engulfing Weekly
looking at the indices and sectorial stocks kotak and hdfc dragging , while all others pulling it higher , icici still has a 10% upside left while sbi will follow and will keep on making a higher high. yes bank may consolidATE as like axis bank . Indusind will approAch new LTH . and sooner or later hdfc will come into picture to keep the show GO ON !
Normally we see that after a spike or impulsive move the price gyrates in a trading range. This is the zone where most of traders lose money coz there is no clear direction to play. We can observe this situation in all time frames. In order to play ranges we have to be patient and wait for price to break down the range. See 'A' in the left figure, this is the...
In this educational post, I have covered four types of Gaps breakouts that we observe on our technical charts. 1. Breakaway Gap 2. Runaway or Measured Gap 3. Exhaustion Gap 4. Island Reversal Gap I have explained each in the above post and I would appreciate if you could share your experience in order to enrich others experience and knowledge with real...
So, let's refresh our knowledge from the previous posts (read part 1 and part 2 at the links): - The chart is based on the data from the tape; - The X-axis is the time scale, and the Y-axis is the price scale; - To avoid having to analyze a huge number of trades, interval charts were invented for convenience; - The most popular chart type is the Candlestick...
Hi all, hope you guys are doing well. It’s been a long time since I last posted. Apologies for that. 🙏 In this post, we are going to see how we can combine different indicators/concepts to create confluence zones and find high-probability trades. Introduction A trade that has a greater chance of success than a regular trade is called a high-probability trade....
Falling wedge pattern ( black lines ) breakout. The falling wedge pattern is interpreted as both a bullish continuation and bullish reversal pattern which gives rise to some confusion in the identification of the pattern. Both scenarios contain different market conditions which must be taken into consideration. The differentiating factor that separates the...
Hello Everyone, Before Starting we will Know about the Strategies of working at 50 and 200 Ma with an Indicator well known to you 🤜 So Lets Start Strategy of 50 and 200-day Ma's WIth the Indicator Stochastics In the strategies, we would take a simple moving average of 50 and 200 days and take Indicator Stochastics, Now whenever you see a Crossover of 50 and...
MARKET MONSTER IS THE ALL-IN-ONE MOST PROVEN SET OF TRADING INSTRUMENTS FOR TRADERS Market Monster combines over 30 years of trading experience and dozens of indicators into one comprehensive package. It is the single best, most versatile indicator specially designed for Bitcoin but usable in all financial markets. The Market Monster does the majority of the leg...
** The shooting star candlesticks pattern, also known as the Pinbar (or bearish pinbar/inverted Hammer) by some, is one of the most popular candlestick patterns among price action traders. It was the first candlestick signal that I relied on, and one that I still use today, although I trade it much differently than most other price action traders. # What...
In the example above, note the following: - Warning candles: Doji + Hammers + bearish candles indicating exhaustion and a lack of follow-up. - A relatively higher volume on hammer & doji, which is never a good sign for a breakout because it indicates significant selling pressure. - A bullish breakout must always be accompanied by a good follow-up, else it...
confirmation will be today,s trade / formation of today,s candle. Sgx nifty is suggesting correction, close of this candle will confirm. Evening Star candlestick pattern The Evening Star candlestick pattern is also a reversal pattern. The pattern has three candles. It forms at the top of an uptrend. The first candle is any long and bullish candle. The...
Morning Star The Morning Star Pattern is viewed as a bullish reversal pattern, usually occuring at the bottom of a downtrend. The pattern consists of three candlesticks: morning star candlestick chart pattern Large Bearish Candle (Day 1) Small Bullish or Bearish Candle (Day 2) Large Bullish Candle (Day 3) The first part of a Morning Star reversal pattern is a...
One of Trading Views' strongest feature is its screener. Probably the best some of us have gotten used to so far. This is a small tutorial /writeup to help you search for stocks probably sitting at support. Remember, for certain stocks their area of value is 20EMA, while for some it’s 50EMA and for others it could also be 100EMA, so on and so forth. Basically,...
Dear reader, this is a full-fledged trading system. If you follow all the mentioned steps correctly, you will definitely have a great winning ratio. You can back-test this system on any instrument, stock, commodity, forex, etc. This system should only be used to take “Long” trades using the 5 min time frame on a stock that has sufficient liquidity. Steps to...
Hello Everyone, Before Starting we will Know about the Derivatives Of Morning star and Evening star So Lets Start Morning Star Derivatives (Remember it is on the Bottom side) 1. Abandoned Baby 2. Doji Star 3. Star and Gap 4. Hammer 5. Reverse Hammer 6. Doji Hammer We will talk more deeply in the Next Part Also, I suggest 50 and 200-day MA take into use on...
Selecting the right time frame for technical analysis is a crucial decision for any technical analyst. In the Indian market, the trading session lasts for 375 minutes, starting from 9:15 AM and ending at 3:30 PM. While many traders commonly use the 30-minute, 1-hour, and 2-hour time frames, these intervals often result in incomplete candles, which can distort the...
NSE:CANFINHOME Monring star pattern formation on Canfin Homes What is #MorningStar Pattern? The pattern is made up of three candles: normally a long bearish candle, followed by a short bullish or bearish doji or a small body candlestick, which is then followed by a long bullish candle.