DOUBLE BOTTOM PATTERN OBSERVED CLOSE ABOVE STOCK'S ALL TIME HIGH WILL LEAD TO FURTHER BULLISHNESS *FOR EDUCATION PURPOSES ONLY
In prices earlier resistance becomes a support. Note: Price will not exactly take suport and resistance so zones form. It this chart Price take support at the zone. My personal view is that ,stock is in an uptrend so at this point of time we should watch it carefully and wait for weekly close ,it will decide whether it get set for up or down move.
I have done a trend analysis of deepak nitrite , where i am long on the stock however it clearly shows that according to the trend lines the stock may test 1530 very soon before going up again, another positive factor for the company is that this company produces some elements (not going deep into the business) which are necessary for manufacturing of hand...
This is the second lecture of the series "basics of the stock market". In this class, we will discuss few candlestick patterns and will try to identify those in the chart.
''Happstmnds Recent IPO" After very good IPO listing Stock was in consolidation after Steller listing was not able to break first day high for quit few times 1. Try to break in first attempt(shown in candle '1') good volumes seen but candle was weak onw But BO of this candle not happened 2. Again try to BO (shown in candle '2') good volumes with very strong...
1. HDFC Bank Ltd. – 10.24% 2. Reliance Industries Ltd. – 10.19% 3. Infosys Ltd. – 7.98% 4. Housing Development Finance Corporation Ltd. – 7.08% 5. ICICI Bank Ltd. – 6.34% 6. Tata Consultancy Services Ltd. – 5.18% 7. Kotak Mahindra Bank Ltd. – 4.05% 8. Hindustan Unilever Ltd. – 3.42% 9. ITC Ltd. – 3.01% 10. AXIS Bank Ltd. – 2.76% 11. Larsen & Toubro Ltd. –...
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...