Great setup being formed as the stage 1 accumulation seems about to end. Thus, stock is ready to enter the favourate phase of every trend following trader i.e. Stage 2 Mark-up period. Now, What is a mark-up period? Here, a stock exits a phase of accumulation where smart money accumulates a large chunk of share from the market and picking all the offers made by...
- Price is converging between lower trendline and upper trendline, will need to give breakout (follow the major trend) - Price must trade above 35800 and sustain to make upper move to ATH which is 5.38% away) - Outperformed nifty this week, follow up price action is needed (upside) as price closed exactly at upper trendline shadow - Anticipating breakout in 1-3...
Trendline still not broken (price near trendline and in consolidation mode around 15600 to 15900 This week the nifty closed at ATH and managed to close at upper levels. Making small momentum candles (can break either side, p.s. Major trend is up) Strong support at 15300 levels A decisive close above 16000 with a catalyst is needed to enter new territory. This weak...
This method of trading has been pioneered by Stan Weinstein in his book "Secrets for profiting in bull and bear markets" NSE:BSE for entry and sl : s3.tradingview.com for exit , trail the trending HH-HL structure on hourly or daily timeframe
👑 Terms used if you don't know : ✣ An inverse head and shoulders also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends. This pattern is identified when the price action of security meets the following characteristics: the price falls...
For paper trading, -Ramco cement gave horizontal breakout as well as multiyear trend line breakout. - Start accumulation at retest of 1110 rupees. -
Can Banknifty be upside down from here ?
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I have noticed an RSI VS PRICE Divergence on VI chart. Here the price is constant, whereas RSI has declined over the same period. Feel free to comment with your understanding of the same. How will the price reacts because of this.
OBEROIRLTY: Swing trade Ascending Triangle Breakout In Ascending triangle pattern the upper trendline is flat, while the lower line is rising. This pattern indicates that buyers are more aggressive than sellers. It is considered a bullish pattern and is usually resolved with a breakout to the upside. The pattern is completed on a decisive close above the upper...
Forming a Rising wedge and Flag with good volume support- keep in watchlist and watch out for up move PS: this is my own view, before you trade, please analyse it throughly
Idea of trading pull back: Find a trend Draw support trendlines Draw major resistances Check reversal on smaller timeframe Check RD in RSI and Pull trigger
Myth: If the price approaches a level repeatedly, and gets rejected from it, this means that the level is very strong. Reality: After each touch, the level becomes weaker and weaker due to the absorption of the residual orders. Underlying logic: 1. Whenever the price keeps approaching a certain level, there are pending buy orders which are waiting to be...
Myth: If the price approaches a level repeatedly, and gets rejected from it, this means that the level is very strong. Reality: After each touch, the level becomes weaker and weaker due to the absorption of the residual orders. Underlying concept: 1. Whenever the price keeps approaching a certain level, there are pending sell orders that are waiting to be...
Having a genuine flag(pennant) pattern breakout in bsoft. I added @405 levels. It is for educational purpose keep following for more ideas like these