Are there any hidden or magical theories to win every trade? Every person has his hidden technique to trade and that technique he will never reveal! Hehehe, I am asking you that which magical formula you have? Unfortunately, there is no hidden technique to become consistently profitable in every trade. If you had that magical trading technique you never surf on...
I have marked some crucial levels for nifty, which are respected from time to time and nifty has faced some rejections from these levels.
Hi Friends and Fellow Traders, Sharing a closed position today and the associated learnings. The P&L is marked on the charts for your reference. NSE:CADILAHC I have been a big fan of triangle patterns on 1H Frame or Higher. They take time to materialize but provide phenomenal risk to reward ratio. I have been holding this trade for close to 60 odd days and...
Two Critical Points. By Analyzing Nifty 50 Chart on 09-04-2021 1) Wide Demand Zone , But Weak Support Area . 14263 - 14517 If Price breaks any of the nearest Trend Line / Supply Zones In Days Closing Then, It is expected The price will fall to this support Area . (Price broke 14829 on 09/04/2021, Price may trend down after retest) 2) Strong Supply Zone ,...
NIKI BANKNIFTY is one of the best indicators for bank nifty future. It will work on 5 min chart with a candle pattern. It has an accuracy of 88% and a profit factor of 5.2. It has a fully automated trading setup with Indian brokers. It can be accessible from invite-only scripts.
When 15min candel closes above 33200 buy for the target of 33500
Two Critcal Points. By Analyzing Nifty 50 Chart on 07-04-2021 1) Wide Demand Zone, But Weak Support Area. 14263 - 14517 If Price breaks any of the nearest Trend Line, In Days Closing Then, It is expected The price will fall to this support Area. 2) Strong Supply Zone, And Strong Resistance.14829 - 14881 If Price breaks this resistance at Days Closing, Then...
A good example of how a prior resistance has turned into support
Daily Chart Pattern Share at all time high Break Short time Resistance Positive Volume Build Up Pro Positive last Quarterly Results OPM % grow continuously Profit before tax grow Net Profit grow and all time high Cons Company has low interest coverage ratio. Promoter Shareholding holding Jun 2020 Sep 2020 Dec 2020 Promoters...
This idea is inspired by a strategy often used by market manipulators called Search And Destroy from the book named " How To Triple Your Money Every Year with Stock Index Futures " (1984) . In this book, According to Author George Angell's Search and Destroy day is "...When both previous time high and Low would be taken out..." (p.217) In our analysis we...
Scenario-1 wxy done,currently we can expect either another wave x in the form of ABC or this could be start of an new impulse. As of now stock has retraced 61.8% level of 1493, after giving up move till 1557.Now where this retracement will end cannot be predicted,but generally if 61.8% retracement level is considered to be a good support,hence i am projecting...
There are two key steps to creating alerts: 1. Find Important Price Levels Do your research. Find a price level that looks important and wait. Patience is everything. You have all of the tools available to you to research and follow markets. Whether it's a simple trend line , moving average or a custom Pine Script, use the tools to make better decisions. 2....
In times like these when markets are moving down so much from the high point, it is important to understand this chart. In a Bull market, the market consistently makes higher highs and higher lows. When the market starts moving lower, people start fearing an incoming bear market or a crash. But it is important to note that, if the market is down <10% from all...
ITC following the above patter for few weeks. In few days It will reach 215 easily. I am standing strong on bullish side.
PLEASE STUDY YOUR CHARTS!!! CAN IT WILL FLY TO NEW LEVEL IF IT MANAGE TO CLOSE ABOVE 1230??