**** Educational Post:
ASCENDING CHANNEL
An ascending channel is the price action contained between upward sloping parallel lines. Higher highs and higher lows characterize this price pattern. Technical analysts construct an ascending channel by drawing a lower trend line that connects the swing lows, and an upper channel line that joins the swing highs.
The...
Preface
Alright, the operation started after creating an extreme low at 120.20. Price has created an upward channel from the extreme low, where the equilibrium has occurred between bull and bear traders. Control line has given eleven touches, which shows the strong gravitation at the middle.
Here, we can see four reversals on the upper band, and three reversal...
Hi Everyone!
In this analysis we'll look at some chart after we met Crash.
Whenever market crash it's an opportunity for us to buy a good share at discounted price. Just Switch to the higher time frame ( Monthly, Weekly ) and find out the major Support/Resistant. It'll try to test major Support/Resistant, Trendline , Channel.
ASHOKLEY :- The chart is...
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,...
Trading breakouts is a most profitable trading strategy that involves buying or selling an asset after a long period of consolidation.
Confirming breakouts before jumping into a trade is the key task to become a successful breakout trader.
Now lets see about the important key points to consider to confirm such valid breakouts
TYPES
There are different types...
What is Breakout Trading ?
A breakout is a potential trading opportunity that occurs when a share price moves above a resistance zone or moves below a support zone on increasing volume .
For trading breakouts one should be aware of support and resistance . It acts as the backbone of Price Action trading.
What is Support & Resistance ?
Support is a place...
Asian paints had corrected more than 16% in just a month .
After 101 days, the price is back to the strong support zone.
Price has made a kangaroo tail/hammer candlestick pattern on the support zone. 200EMA is also near to price.
Wave principle is also giving a similar explanation.
There are three confirmations to find the ending point of wave four.
1. Price...
Let's talk about each waves of Triple Zigzag:
Wave W (5-3-5) impulsive: ((a)) = ((b)) at 17709 which is close actual low 17613. Its a sharp zigzag.
Wave 1X corrective: Wave ((b)) 3-3-5, Running Correction which is little complex.
Wave Y (5-3-5) sharp: ((a)) = 0.786 ((b)) at 16824 which, is very near actual low as 16782
Our first question is, What is the...
Hello Friends,
Trendlines are one of the best part of technical analysis, see how resistances turns into supports, and supports turns into resistances.
One can start with practicing with Trendlines...!
1) Trendline is the base for all the technical patterns. So pls start practicing drawing trendline charts and then slowly move to next patterns.
2) Practice...
Many people ask me how to find a crucial support area now this it a perfect example of it , It is not an recommendation It is just an observation.
If you see here the zone of 1250 to 1260 is a crucial support zone which is tested for more than four times.
The overall trend of this stack looks sideways.
This is a perfect scene if you find and trade a reversal...
1] When Price is Open=high and also below pivot level, and rejected from previous day close .
2]Also broke Previous day low with strong candle - Indicates (bear are strong) bearish view and can go aggressively bear side.
3] When price gets rejected from previous day close , it stay bear side and less chance of reversal (week Bull) when it break...
FOR EDUCATIONAL PURPOSE ONLY!
This is a daily chart of Dow . It has taken a support exactly at its daily support trendline (blue). From last several months, Dow has been trading in a range on weekly charts which can be seen in pink lines. On weekly charts Dow has made a flag and pole pattern and either it takes support at this level or may give break down. If...
According to previous Price behavior and current situations, here I am posting support and resistance levels for intraday and short term swing trading.
As per the weekly chart, we can see 2 major supports,
1. Dashed Red line (17670) and
2. Dark Red line (17450).
I think till December we may see the rangebound market if sustain above 17470 level.
Aarti Ind. ltd. This stock has taken Resistance twice at same level, then it consolidated as a parallel channel at that same zone,
and then it given good breakout from parallel channel along with good intensity of volume,
Now it has retraced almost 78.6%, co-incidentally (1) same resistance zone, (2) Parallel channel's top, (3) Support trend line and (4) 200...
1] 15 min candle taken support on PREVIOUS DAY Trendline and stronger rejection for
consecutive 3 candle (no 15 min candle close below trendline) and respecting
PREVIOUS DAY trendline indicating that bull are strong enough and trying hard -
during running market -(IS STRONG SIGNAL WITH CONFLUENCE)
2] forming strong hammer candle at day low, SO ENTRY IS...
In this Idea I'm going to share the simple price action trade which I have taken the May month in the stock D-MART.
Before taking any trade a trader must have find at least 3 confluences which align in the same direction so that we have a clear vision of the particular trade either it's a short trade or buy. By doing you are following a number of certain rules...
