If Tata motors comes down further it is likely to fill the gap. Be cautious about the level 463. Important to get support at this level to sustain the price level.
Market structure is one of the most undervalued topics in trading. People don't spend enough time learning about it. In this thread, I'll try to touch on all the important aspects of market structure. Introduction Market structure is simple and a basic form of understanding, how the markets move. The Price Action is how the market moves based just on price,...
# STEPS # first see that the price is respecting moving average ( there is no best moving average) # second draw a trend line like this example # entry trigger is the candlestick patter Important - the price must in uptrend and tested moving average 2 times Keep learning and earning
Look at past breakouts as well. Showing steady progress with frequent Breakouts Hope history tends to repeats
Look past breakouts as well Showing steady progress with frequent Breakouts
Whenever price make higher lows or lower lows into any support level and resistance level It will show a good BREAKOUT OR breakdown Or When ever any big move into support level and resistance level it will not break the resistance level and support level Keep learning
A Tutorial on Support and Resistance - Part 1. What are Support and Resistance ? Support - Is the price level from where people expect maximum buying/demand to come. 1. Price is falling and it is expected to reverse and move up from Support. 2. Support level is always below current price level. 3. Is used to create buying positions or book profits in shorts. ...
The price range for Gujarat Gas for short term gains.
In this post i have tried analyzing chart by combining both price/volumes and time factor simultaneously. For deciding trend and predicting price i have used Elliot wave theory and for timing and entry/exit i have used cycle theory. Elliot wave theory Impulse wave rule: 1)Wave 2 can't retrace wave 1 entirely 2)Wave 3 can't be shortest of wave 1,3 and 5 3)Wave 4...
SUNTV It is respecting Fibonacci retracement points and same as old trends over 1 year.
5 waves upmove of EWT completed in Neuland and then it gave bearish Head and shoulder breakdown. After breakdown it created a gap. Price cam to fill the gap and started trading down. Parallel channel is also visible in recent consolidation. Price may do zig-zag within the band giving false bullish EMA crossover to onboard the new investors which missed the...
RUPA and Company Rupa had rallied for more than 100% in just one year. Since then it has also dropped 15% since 52 weeks high. Position can only be taken above today's high and might struggle near the trend line drawn. Let me know your thoughts. Thank You!
HINDUNILVR - HINDUSTAN UNILIVER One of the well-known FMCG companies has fallen -16% from its 52 weeks high. There are some support and resistance which I found in the chart. Let me know how it looks for you. Thanks!
Entry : 3550- 3570 Initial Target - ATH - 3800 ( Trail sl this target) Weakness below 3400
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...
Here we are seeing NIFTY of daily time frame, here we can see that candles between two vertical line are clearly in up trend and RSI for the same is showing slite divergence on down side which shows the clear indication that there may be change in trend in future and same did happen, NIFTY is now trading in sideways trend.
This is the best setup that work best for me Whenever price rejected from any support or resistance level I enter the trade This setup work because trader go short and put their stoploss near the support level so because of this she price Make a move upward for retest the stoploss of short trader hit and they exist which help price to move sharply Secondary...
you can se that price is stuck in the range on 4 hour time frame I prefer to take entry on the first pullback after breakout or breakdown But in this case I enter the trade with breakdown become I get 2 confirmation The RSI level is falling below 50 and a golden crossover of 50 and 200SMA SL - NEAR THE CROSSOVER TARGET - AS MUCH U CAN GO WITH HELP OF MOVING...