Sharing the chart to provide the insights of jubilant foodworks ltd. I am always trying to help retail traders. Things need to consider for trend analysis. 1. Market structure and trend analysis. 2. Entry point 3. Confirmation from indicators for additional support. Happy trading !!! NSE:JUBLFOOD
Hello Traders! Here we gonna learn how one can trade Nifty/Banknifty using pure price action and get better results Assuming that one knows what is Support and Resistance & know about candlesticks So traders, all you need is to draw the support/resistance levels on your chart, here I've draw S/R levels in Banknifty and timeframe I'm using is 15 mins for...
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...
A high probability trade is a trade that has a greater chance of success than a regular trade. So, how can you find these high probability trades? There are a few things that you can observe to find that golden confluence of various important things such as a support level, demand zone, Fibonacci level, moving average, volume, RSI, etc. The confluence zone...
Horizontal price movement is seen when the powers of demand and supply are roughly equal, thus forming a "sideways trend". This usually occurs during a period of consolidation before the price continues a prior trend or reverses into a new trend. A sideways trend is also sometimes referred to as a "horizontal...
Trade by Combining Basic Technical Analysis. How to enter in a trade by combining basic knowledge of Support/resistance and Candlestick patterns and Chart reading.
Guessing chart patterns in Higher timeframes & then moving gradually to lower timeframes for Confirmation & Entry points. Technical Indicators which I am using here is Moving average. 1. First looking at the weekly and daily timeframe, I confirmed that stock is trading above the Moving average. Also, there is an impulsive buying followed by some correction. This...
This is a beautiful chart if u just watch this chart on a weekly timeframe whereby this has broken the 21 years high of 322. This is now in the blue-sky zone wherein u see the highest traded volume with the highest delivery quantity and also the major reason is a breakout from multiyear levels. This will be the new multibagger stock to buy in. Always go with any...
There has been inverted head n shoulder pattern formation on the chart and likely it will coming towards the 3900 levels. As 4190 was crucial support in this short term high rally as this stock has risen in one single direction without any hiccups.
i am using trend based fib extension in daily chart if u see Dow theory chart pattern in bank nifty daily chart i am marking level, trend based fib ex.... wonder tool for upcoming days support and resistance levels, bank nifty todays fall exactly support 35000 level on (... 23.60...) level on fib golden level support, if u good for long opportunity on fib 23.60...
A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" A cup and handle is considered a bullish signal extending an uptrend, and is used to spot opportunities to go long.
ALL LEVELS MENTIONED ON THE CHART ❕ THANKS FOR SUPPORT 🙏
Why we have seen 646 (13777-13131=646) points down move in Nifty in a single day. The reason was, from 12730 market moved to 13777 which was 61.8% in fib level for 3rd wave. Since 2nd wave was flat, the 4th wave was impulsive. So we have touched 61.8% and bounced back for 5th wave move. what happens to 3rd wave, if 1st wave gets extended. You have to learn...
A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. 1. Symmetrical triangles occur when a security's price is consolidating in a way that generates two converging trend lines with similar slopes. 2. The breakout...
Psychology and Behind the scenes stuff: 1. At the BO, there was a massive bullish candle with a very high volume. This took out the previous resistance level. 2. The retailers saw this opportunity because the price closed above the previous resistance. Hence, they entered Longs. 3. The BO was followed by a Doji and then a Bearish candle. This indicated no...
Bullish Flag Chart Pattern: Tata Chemicals Description: The flag represents a brief pause in a dynamic market move & one of the requirements for a flag pattern is that it should proceed by a sharp and almost straight-line move. It represents situations where a step advance or decline has gotten ahead of itself, and where the market pauses briefly to "catch...
Underlying logic: 1. The market already gave 11% in the impulsive move and created a high. Obviously, the momentum was fading out. 2. If you recall my lecture on market structure, you already know that after the creation of a high, we must come down to create a new higher low. The market cannot keep making new highs without creating a higher low. 3. There was...