The head and shoulders chart pattern is a popular and easy-to-spot pattern in technical analysis that shows a baseline with three peaks, the middle peak being the highest. The head and shoulders chart depicts a bullish-to-bearish trend reversal and signals that an upward trend is nearing its end.
Formation of the pattern (seen at market tops):
Left...
The above chart is of Alphageo (India) Ltd., on monthly chart.
Stock has delivered over 390% returns from its low on March 2020, till October 2021.
Key-points mentioned on chart.
Hope the chart is useful and informative.
Happy trading !!
Triangle pattern can be seen on chart.. once broken it can touch its first resistance which is 40.35 if this price is also broken then we can expect the price to go towards 45.
Feel free to correct me in comments section.
Thankyou.
MONTHLY CHARTS AND DAILY CHARTS OF GUJ ALKALI IS LOOKING GOOD AFTER BREAK OUT, HOWEVER WEEKLY CHART IS CREATING CONFUSION. CAN WAIT FOR A BREAK OUT CONFIRMATION IN THE WEEKLY CHART - THEN ONE CAN BY THE STOCK.
CEATLTD, chart is perfect example of stock beautifully following FIbonacci levels. This was shared as an assignment as well and received many replies and some of the members were able to identify multiple correct answers (Can't be more happy & proud).
In this video, i have briefly explained how to apply fibonacci tool to find support & resistance areas for a...
Should I declare the official end of the bear market? and the beginning of the accumulation phase to the moon.
This is the chart of BTCUSD Weekly RSI. The RSI has completed its cycle up and down. And now its time for Bitcoin to move upwards.
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* Not an investment advice.
SEE YOU ON THE MOOOOOOOOOON
**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...
