I can interpret an upcoming breakout in this chart is so many ways. This is why technical Analysis isn't difficult. One just needs to have an eye and correlate. I'm not giving any Stop loss or Targets here. This is for you guys to interpret it the way you like and take your decisions. If it fails, this chart would tell you why it failed as well. Those who want...
falling wedge pattern formation in USD/JPY trade on 15 and 5 min chart. BOUGHT at 107.71 It may give breakout to a target of 107.751 and then 107.78.
Nifty Pharma is looking for ATH breakout soon. I'm novice in charting, so please look for experienced guidelines.
Hi Friends and Fellow Traders, Sharing a closed position today and the associated learnings. The P&L is marked on the charts for your reference. NSE:CADILAHC I have been a big fan of triangle patterns on 1H Frame or Higher. They take time to materialize but provide phenomenal risk to reward ratio. I have been holding this trade for close to 60 odd days and...
PLEASE STUDY YOUR CHARTS!!! CAN IT WILL FLY TO NEW LEVEL IF IT MANAGE TO CLOSE ABOVE 1230??
Everyone think about how to find target at 52 week high this is illustration of yesterday trade you can find it by a some ways here is one way. Trendline you can see in charts how stock gave breakout and touch the target trendline
NSE:NIFTY from the year 2000 to 2020. High made in 2000 next in 2008 and the same is being tested in 2020. With a major difference being those were peak of a bull run. will this be the peak as well? RSI was too high even on monthly charts in 2000 and 2008. In 2020 its not there yet. Infact RSI also seems to show positive signs.
BAJAJ FINSERV after a stellar vertical up move , now showing triple negatve divergence on 4 hr charts.
share your view on mahseamles charts shows b/o , is this a right b/o?
JSW STEEL showing clear negative divergence on daily charts in short term and medium term
I AM A LEARNER SO USE THIS ONLY AS EDUCATION DO NOT TRADE I MAY OR MAY NOT BE TRADING THIS There is a SHOOTING STAR on the TFD but the overall pattern looks good, if the chart stays within trend lines one can stay invested if it falls below the trend line then look for levels not on chart.
Truncation learning - shortening something That why Elliot used the word failure shorter 5-wave compare to 3rd Wave, forever it does not move beyond or higher the end of the third. We prefer the less connotative term truncation or truncation fifth wave as illustrated in the chart. Reason of Truncating in 5th Wave: In the bull market, weakness in price &...
SBICARD started making lower high's on daily scale, closing below 800 level will bring more weakness to this stock, next support placed at 720 level as per weekly chart. RSI was tried to reclaim 60 on weekly scale however it faced resistance at 60 and started sloping down. during result week it fell from 900 to 760, last week gains of 8% were evaporated by this...
Market outlook for next week - BNF has closed with good bullish candle in daily timeframe. Indicators like RSI and MACD is showing great strength and shows the rally can continue for some more time. With the festivals ahead in coming weeks, banks posting good results and Biden winning election is a positive sign for index and BNF. Covid fear is still hanging in...
have all the makings of shooting to 16210 on weekly & daily charts & thats the point from where i fear fall will start to 7200 again . a longterm view ..have to save this chart with reminders .
Bharti after going through a smashing, is shwoing diverence on weekly charts rsi made a lower low but price hasnt would be interesting to watch dips can be bough note: un predictable and volatile stock. stick to risk management at any cost