KAJARIACER: Daily Chart Price took support on Weekly support. Price broke through trendline and also 50 EMA. Currently, Price is in pullback mode and formed Inside Bar. There is divergence in RSI and Price Action, Price making lower low and RSI making higher. It can move upside if successfully breaks out of Inside Bar. Education purpose only.
Check chart . Education purpose only
Trade Explained in chart
Chart speaks everything! Time to short!
Probably Nifty will move within a range of 10380 - 10440. Profit booking is pushing nifty down. Today Nifty recovered. Hourly chart still looks positive. Lets see tomorrow...
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...
Nifty index continued its formation of higher highs for six consecutive session and headed towards 10400 zones. What Recovery Bulls done holding its area 10100 then with power recovery strategy and consistent victory over bears made Bulls to find place as strong winner at this level 10390…. It formed a Bullish candle and closed above its 50 DEMA on daily scale....
Nifty index failed to hold above its crucial resistance of 10271 zones and witnessed sustained selling till the end of the trading session. Bulls Got Trapped bearish Cloud area it wiped out the gains of previous two days and formed a Bearish Engulfing Candle on the daily scale which implies complete dominance by the Bears. Now as its preparation Area 10100...
1st day of week on Monday 2nd April Nifty -0.04% 50 index managed to open positive and witnessed sustain buying interest throughout the day. It managed to hold and surpass the Hurdle 10158 and headed towards 10220 levels. Bulls recovers with sustaining pulls up to the bears, It managed to hold above previous weeks’ close and formed a Bullish candle on the daily...
#Best Wolfe Wave Strategy – Alpha Wolf Trading The best wolfe wave strategy is a trading strategy with high a profit loss ratio above 90% and it’s based on wolfe waves. The wolf waves have been introduced by veteran trader and market wizard Linda Raschke. The wolf wave is a naturally occurring trading pattern that can develop across all financial instruments....
1. It made bearish engulfing candle with closing of last month. 2. After engulfing candle there was good follow through. all depends on closing price of March. 3. in short term we expect 61% retracement which is nearby 9600 zone. ( its not shown in chart by fib tool.) 4. Gann fan clearly indicating big fall towards 9500 if march's closing is on down side.
Nifty50 index on 4th day of the week won by Bears pushing down Bulls to lowest at 10350 zones. The Grip of bears hold over bulls has been tightened. Index on daily chart colored red with short wick bearish candle on trend continues ahead. Now Bears position are ahead leading in the Bull's area and might start showing bear power. Index support level at 10300-...
Brokers are the last people on earth to whom we would like to give credit. Social media is flooded with posts that say “My broker did not help me square off positions…”, “My broker’s app stuck in between..”, “My broker did not help me login…” etc. I believe 99 out of 100 support tickets they get every day would be problems, glitches, and issues. Being a broker is...
The Rounding Bottom is a long-term reversal pattern that is best suited for weekly charts. It is also referred to as a saucer bottom, and represents a long consolidation period that turns from a bearish bias to a bullish bias. 1. Decline: The first portion of the rounding bottom is the decline that leads to the low of the pattern. 2. Low: The low of the...
Today, I'll share a very important point that lacks in most of the traders. When it comes to chart setup, there is no one right way, but I will share my approach. Everything I do comes from an emphasis on clarity and consistency. 1. Clean charts put the focus where it belongs: on the price bars and the developing market structure. Tools that...
HEIKEN ASHI Strategy: 1.INTRODUCTION (WHY HEIKEN ASHI CANDESTICKS) Often trading on the trend gets difficult due to price action that makes trader exit trades early. (USELESS NOISE FORMED BY TRADITIONAL CANDLES) This mainly happens due to impact of one single candle or bar on Trader’s ability to hold positions. Through Heiken Ashi Candles , this problem is...
Hello Fellow Traders, Once again i have come up with a Learning Idea on a Pattern I spotted while scanning my charts. We will discuss about Head and Shoulders Pattern 1. Introduction - The inverse head and shoulders pattern is another technical analysis chart pattern, and it is essentially the upside-down version of the regular head and shoulders pattern....
Hello everyone My name is d3ffyduck I am today gonna post some cool and new tips For the beginners in Daytrading. I am gonna divide things in Chapters so you'll learn it with ease Read it till the end Hope You learn something Chapter-1 Timeframe selection The choice of the best timeframe for chart analysis in day trading can vary depending on a trader's...