Hello all, today we are going to learn about divergence. A simple topic, which often confuses the newbies. I'll keep this thread short since this will lay the groundwork for the upcoming threads. Please go through this thread before proceeding to the next threads. Foreward In this thread, I would explain the following as easily and briefly as possible: 1. What...
A bullish engulfing pattern is a candlestick pattern that forms when a small Red candlestick is followed the next day by a large Green candlestick, the body of which completely overlaps or engulfs the body of the previous day’s candlestick. Bullish engulfing patterns are more likely to signal reversals when they are preceded by four or more black...
HDFCLIFE - descending triangle / pennant Breakout alert ahead. Self explanatory chart. For educational purpose only. I am not a sebi registered expert. Trade at your own risk. Feel free to text & Share your views.
How to find targets in any stock ? We all know that every stock is unique and it moves in certain style/direction/traits Targets are found via Support Resistance in any stock which has a historical data For e.g. what will happen if price is at ATH and no resistance for its target SKY is the Limit refer Adani Ent Chart An deep understanding of Support & Resistance
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 ...
I've explained how can can use Fibonacci levels in trading using example of NSE:TATA STEEL . Firstly know your trading perspective, and choose your chart time frames accordingly . Now use higher time frame chart and draw FIBONACCI RETRACEMENT TOOL from bottom to top(in Uptrend) and top to bottom (in downtrend) for current trend. . Mark the levels using...
LICH has given a breakout of trendline and also 10-day exponential moving average crossing upward of 20-day exponential moving average if the stock trade above 424.70 and sustain then buy for the level of 463 (target)
Foreward In this thread, I would try with the best of my knowledge to explain the following questions as easily and briefly as possible. 1. What is a support level? 2. What is a resistance level? 3. What is their importance? 4. When and where to place Buy/Sell orders? Introduction Support and resistance levels are a critical part of trend analysis because...
All markets go through cycles of expansion and contraction. 📈When a market is in an expansion phase (an uptrend), there is a sentiment of optimism, belief, and greed. Typically, these are the main emotions that lead to a strong buying activity. Sometimes, a strong sense of greed and belief overtakes the market in such a way that a financial bubble can form....
This post I have created for education purpose for the beginners. This is simple analysis without using any indicator. One should use 30 min timeframe for intraday only just to see what's happening on big timeframe. 30 min TF is not good for intraday and I wouldn't suggest this to anyone. My stoploss would be below the breakout candle also because it is below...
With Pharma as a sector is amazing set up, ABBOTT is looking to end the downtrend. Looking forward to break the trendline.
Hammers have a small real body and a long lower shadow. Hammers occur after a price decline. The hammer candlestick shows sellers came into the market during the period but by the close the selling had been absorbed and buyers had pushed the price back to near the open. The close can be above or below the open, although the close should be near the open in...
All the details are being uploaded in video, kindly refer it.
The three inside up pattern is a bullish reversal pattern composed of a large down candle, a smaller up candle contained within the prior candle, and then another up candle that closes above the close of the second candle. These patterns are short-term in nature, and may not always result in a significant or even minor trend change. Consider using these...
people often mistakenly see this signal as the morning star signal and book losses. this signal does not fulfill a very necessary condition of the morning star signal, ie., the third day candlestick does not penetrate at least half of the first day black candle which is of utmost importance!
An example of how to plot any stock/index against another stock/index to see if it is strong or weak as compared to the other. Here, we are comparing Nifty Infra index with Nifty 50 index to see if infra sector is going weak or strong as compared to nifty 50. As evident from chart, infra sector is showing weakness against Nifty 50.
“Control your emotions or be consumed by them.” This is exactly how the financial markets play. You need to be cautious enough to surf the wave of emotions. An illustration as to how quickly our emotions change with respect to the market movement has been explained with the help of NIFTY’s weekly chart. Optimism: It is the hopefulness and confidence about the...
EDUCATIONAL NSE:BPCL is following smooth and pure action. It has been taking supports over T1,facing resistance against T2 and crafting a flat top triangular pattern while getting squeezed. NSE:BPCL had also made a falling wedge pattern inside the triangle and too respected it. I had entered in it at 419.2 with stop loss below 400 and patiently waiting for my...