GAPS are areas on the chart where no trading activity took place. In an uptrend, for example, When the opening price is higher than the highest price of a previous day, leaving a blank space on the chart, it will be called a GAP-Up opening. Likewise, in a GAP-DOWN situation, the opening price will be lower than the previous day's lowest traded price. Now we will...
The market never moves in a straight direction. It is characterized by so called zig-zag pattern. Depending on the direction of the market it can be labeled as "Trend of the market". A vast part of technical analysis is based on this trend analysis.
The market is usually classified into three different trends.
Uptrend
Downtrend
Sideway trend
1) An ...
This stock has a Market cap of just 159 cr.
I just happened to see the stock with a HUGE volume bar.
I drew the line from the top connecting the resistances and found it to be a BREAKOUT.
Then, I spotted another squeeze and connected the supports and resistances after which I spotted the same pattern on the RSI as well.
Next I plotted the 50 & 20 DMA and found...
Swing Trading in the current Market:
1) Buy Zone: Here we can make the fresh position on confirmation of reversal from support.
2) Sell Zone: Here we can either book our long side profit or make new short position after confirmation near the resistance level.
3) Breadown Zone: When the market gives a breakdown of this parallel channel then possible strong...
In today's session, IRCTC has given a breakout of rounding bottom pattern. After this breakout, This stock gives quickly our projected initial target is 1750+ which is the height of rounding bottom pattern.
Traded position:
Buy Entry IRCTC at 1700-1710
Stop-loss 1680
Initial Target- 1750(1:2.5 risk reward)
What is Megaphone Pattern?
Megaphone pattern is a pattern which consists of minimum two higher highs and two lower lows. The pattern is generally formed when the market is highly volatile in nature and traders are not confident about the market direction. Normally this pattern is visible when the market is at its top or bottom. The greater the time frame is...
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
In My Journal I Also Have Chart Of Entry Time
But Because Of Reputation <10 , I Am Not Able To Post It
I Entered In Date 27-Oct-2020 , Using Expiry Of Nov.26.2020 , At Price 3335
I Placed SL. At Price 3236.50
& After Holding Patiently I Catched RR Of 1:14
At The Same Time Stock Jumped 40-45% From My Entry.
While Entering My Target Was At = 3700 & I...
1.THE DOJI CANDLE STRATEGY AND
2. THE FIBO STRATEGY
.
A BUY WAS GIVEN AT 12.17 AT 2002 IT WENT AND GAVE EASY 1 %
A SECOND BUY WAS GIVEN AFTER FIBO SUPPORT
The Rising Wedge is a Continuous chart bearish pattern that begins wide at the bottom and contracts as prices move higher and the trading range narrows. In contrast to symmetrical triangles, which have no definitive slope and no bullish or bearish bias, rising wedges definitely slope up and have a bearish bias.
This is just a example of a rising wedge not giving a...
Hey there !!
From April Bajaj Auto ltd. is following PITCHFORK PATTERN and taken a support almost 7-8 times on a trend line, if trend line got breakout and share got out of PITCHFORK than you can see it may going little deep down. All the best. Happy trading !
Hey There !!
Prepare yourself for another round of selling in NIFTY50. Since in today's market, NIFTY50 has formed a red bearish candle after a green candle formed yesterday, it's an BEARISH ENGULFING pattern plus it is formed on a resistance that means a double conformation that market may go downward from here. You may see a Gap down opening tomorrow. In the...
Long term perspective
Further down side expected in Tata Motors
Basis:-
1. 5 day SMA below 20 SMA indicating downtrend
2. RSI on monthly and weekly chart below 40
3. Negative reverse divergence indicated by RSI forming higher bottoms and the chart forming lower bottoms (marked with black arrows)
4. Good red volumes
The chart in the post is candlesticks. Reverse...
![IRCTC: [Educational] IRCTC Rounding Bottom Pattern Intraday Analysis](https://s3.tradingview.com/m/MrsGNGLB_mid.png "[Educational] IRCTC Rounding Bottom Pattern Intraday Analysis")
