i am analysing the price action in the range it has formed now. series of pinbars at the bottom of the range of 130 and then 14% gain in two days followed by two days price running around that price forming pin bars and then third day collapse like building to the bottom and 4 days of price recovery at the bottom and again 14 % of s gain, if someone would...
Nifty has formed Broadening Formations : Right-Angled and Descending . After touching the lower line 3rd time it was moving up gave an impression to touch the other side of pattern but again it has reversed and continued in the prevailing down direction. Statistically this partial rise mostly predicts the direction of the breakout which is down in this case,...
SHORT TIME MAKE GOOD PROFIT PLEASE KEEP AND WATCH...
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for...
One of the pattern that occurs very often is the range. One can trade it easily this formation using only price action without any help from indicators or other studies. Whenever the price breaks out of the range in either direction we can look for entry into the trade. There are 3 ways to enter marked in the chart.
1. Enter on the breakout.
2, Enter on the...
MRF formed Round bottom. The current trend in ascending channel. So expecting a breakout from the resistance at 69830. Once it broke it is resistance it will be good for long.
Height of cup 8269
Neckline 69830
buy above 70500
Target 1 78099
CBSL 69825
Amamaraja now has a resistance at 200 EMA. It made a round bottom at Daily Time Frame
Will Raja will conquer the resistance?.
Once breaks it resistance we can initiate a long.
Buy above 812
Target 1 : 821
Target 2 : 847
Target 3 : 904
CBSL (Strict) : 800
NSE:HEROMOTOCO Weekly Chart: Hero just tested the 'D' level of AB=CD pattern (= 4100 zone) & facing resistance. Stock likely to test 0.618 of Fibo = 3236 level (Marked with white arrow). Bias remains bearish, But not safe to short as Risk Reward Ratio is not good here.
Hello Traders,
All of us want the price action to follow our direction of trade but that doesn't happen always. The price action has a natural tendency to move up and down; build ranges and develop patterns. Most of the ranges and patterns are like whipsaws and many traders stuck in these situations and lose money. The most effective ways to deal with such a...
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Trade Safe, stay healthy
Best Regards
Afraidtotrade
Hi fellow
Thanks for your response to my last post in which we discussed what happens after a breakout.
In this post we will discuss better ways to anticipate a breakout.
Although the types discussed are ideal that doesn't mean they are not possible in real time. That's why I have been posting some examples.
However, anticipating a breakout does not mean that...
Notes on the charts. For best results, Its better to trade in the direction of trend.
Hit the like button if you think this post enhanced your knowledge and would help you in trading breakouts.
Your likes are the only motivation to post better strategies in future.
Trade Safe, Stay Healthy.
Best Regards
Afraidtotrade
Glenmark is showing some weakness.
Let's discuss about the stock direction in coming weeks. there are two simple cases.
First - If you follow the straight horizontal lines support theory then stock is currently sitting on it support levels. ( Price on the day of writing)
In this case we could see long term up side movement. Targets not providing intentionally....
