What is the reason behind Fibonacci retracement in stock markets? As a traders we all know Fibonacci that the Fibonacci ratios, i.e. 61.8%, 38.2%, and 23.6%, finds its application in stock charts. Fibonacci analysis can be applied when there is a noticeable up-move or down-move in prices. Whenever the stock moves either upwards or downwards sharply, it usually...
This short video explains how the evening star turns into a wedge pattern. If correct, downside 16590 was critical support, holding above Nifty could bounce back again to 16680-16700. On the upside, Holding below 16712 highs, It can attempt to fall back again to 16615-16625 & assuming that if Index falls below 16590-critical support, it can fall to 16500 / 16440 /...
A pennant is a small symmetrical triangle that begins wide and converges as the pattern matures (like a cone). Here is an example of IEX. The company has declared a good set up of numbers on 22nd July. Profit after tax is up by 48% Sales are up by 36% The price is now hovering near the previous Resistance which now acts as a support Tight price range near the...
Prediction: Since there is Jackson Hole Event, chances are that market wont leave their position open. Hence, there are high chance that we see Nifty down tomorrow. Further, 16715 is important resistance followed by 16680 and 16650 and market is unlikely to cross 16715 because of the said event. Hence, on every resistance it is best to short nifty. with the SL of 16715.
Prediction: Since there is Jackson Hole Event, chances are that market wont leave their position open. Hence, there are high chance that we see Bank Nifty down tomorrow. Further, 35600 is important support. Next support will be 35350-00. Below 35300 don't forget to short with SL 35375. Pattern: An ascending triangle is a chart pattern used in technical analysis....
Flag and pole is a bullish pattern. I it breaks the channel upside stock price makes a new high. But if it breaks the downside then it will no good breakout. How flag and pole pattern work:- Flags are areas of tight consolidation in price action showing a counter-trend move that follows directly after a sharp directional movement in price. The pattern typically...
Explained in the chart how simple range breakout can be predicted.
This video discussed a bearish harmonic pattern that might be quietly sitting & hiding in the price structure if unfolds exactly holding below 16701.85 then the downside support could be 16510-16530 / Below 16500 for 16370-16390. ----------------------------------- Last Nifty Video Idea ----------------------------------- Hope you enjoy the video. Good...
Price is likely to hit 53000-56000 zone where the first real challenge may come. If it larger ABC then price has still potential to touch 13000. I am not expert of EWT. Mere speculation because the whole upmove is looking just like a compression.
Friends: Post here a study on the natural correction that BTC may undergo. I am not saying here that it will happen this way. But I am expounding Elliot's theories about the ABC correction waves. I hope I helped in some way. Leave your like please and comment your opinion! 👉🏼If you want to talk to me, send an inbox message, or click on the footer of this...
Small Change in Buy/Sell habits for Big profit. Small change in buying habit on support and sell habit on resistance can help you in improving your trading and increase profits.
A clear Head & shoulder pattern. For educational purpose.
Nifty at its curial support of 16630, any fall would take the index to 16580-550. Also, Nifty has made double top and accordingly, likely to test 16380-50 levels soon so that double top pattern can be completed!! Further, if cues are negative from Jackson Hole Event i.e., liquidity cut, we may see a good correction all over the world market. However, as the COVID...
today we'll discuss about market structure and accumulation range bound market the price started a bearish trend by making lower highs then the price sustained to go any lower the market then came in range bound structure and with breakout we saw huge volumes now for the future analysis- === the strength of impulse waves is declining so we might see some...
Market respect that trend line, which was previously Resistance Line and break, after few days It became Support Line.
BNF may touch 37000, bullish divergence and High AVWAP support
Bullish divergence, AVWAP support...will move up shortly
NSE:BERGEPAINT When market break on upside or break the resistance line of this pattern, market was totally on bullish nature and we have to catch that bull run.