Good day guys this is to explain how real life market structure work and how the market maker manipulate your thoughts First thing when you are analysing on the market make sure you identify the key zones first. What's the key zone. A key zone in an uptrend is the lows( higher low) that makes the market to form another high which is higher than previous high....
Hello Friends, Trendlines are one of the best part of technical analysis, see how resistances turns into supports, and supports turns into resistances. One can start with practicing with Trendlines...! 1) Trendline is the base for all the technical patterns. So pls start practicing drawing trendline charts and then slowly move to next patterns. 2) Practice...
BITSTAMP:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSDT This is in continuation of previous posting "Bitcoin at crucial support point". Breakout of RSI trendline is initial indicator of Bitcoin moving back in positive territory is seen at A on chart. It now require confirmation by crossing 38.2% Fibonacci level and the price trendline as marked as B & C...
Bajfinance near trend line.... : today's high is almost near the trend line.... : hope it breaks tomorrow gap up and sustain above the trend line....
can 36200 can become new value buy zone for 36800/37000 if 37k breaks than how much upside ?
with doji on weekly charts, trendline resistance on dialy, and flag pattern on 30 min are we going to see 35600-35000 on banknifty ?
Aarti Ind. ltd. This stock has taken Resistance twice at same level, then it consolidated as a parallel channel at that same zone, and then it given good breakout from parallel channel along with good intensity of volume, Now it has retraced almost 78.6%, co-incidentally (1) same resistance zone, (2) Parallel channel's top, (3) Support trend line and (4) 200...
1] 15 min candle taken support on PREVIOUS DAY Trendline and stronger rejection for consecutive 3 candle (no 15 min candle close below trendline) and respecting PREVIOUS DAY trendline indicating that bull are strong enough and trying hard - during running market -(IS STRONG SIGNAL WITH CONFLUENCE) 2] forming strong hammer candle at day low, SO ENTRY IS...
Generally, Pullback is occur when stock price break above the resistance line and gain some percentage, but after that it take a pause and fall down to that previous resistance line which just have broken. Also that line act as a support line, because when a resistance line break that line act as a support line, most of the time. Pullback give an opportunity to...
It Seems like Bata India is respecting the long term trend line. I'm considering any dips as opportunity for Bata India. Note. This is not a stock recommendation. Kindly consult with your financial advisor before taking any decision.
We shall see the chart of century text & ind in the 2-hour time frame. The script had resistance at around 820 where a double top pattern had formed. The third time when the share price approached this resistance trendline a strong green candle was formed breaking out of the resistance. This green candle denotes a breakout. Risky traders usually enter a trade...
bandhan bank : a. The falling wedge pattern is a continuation pattern . b. these patterns are formed when price bounces between two downward sloping converging trendlines . c. with lower lows and lower highs d. this pattern is considered as bullish chart formation , e. but some times can indicate both reversal and continuation patterns – it depends on where it...
What Is the Wedge Pattern and Its Common Characteristics? 1. Wedge patterns have converging trend lines that come to an apex with a distinguishable upside or downside slant. a. Wedge with an upside slant is called a rising wedge b. Wedge with downside slant is called falling wedge 2. It has declining volumes as the pattern progresses 3. It breaks out from one of...
A throwback is the retracement that occur follow a breakout of resistance line and take support on that respected resistance which just broken, and turned into support. Throwback may provide a second entry opportunity if the initial breakout trade was missed. Some traders prefer to buy on the throwback.
Important Note:- Very complex and professional techniques I have discussed in the below texts. So my friends read this minimum 3 times, otherwise you will not get the inside what I'm saying about. See how a professional trader using multiple trend lines in a chart and find out opportunities. 1. Here you can see two old trendlines are there and two new trend...
As seen NIFTY 50 INDEX has been respecting the above spotted trend line after the breakout of broadening channel pattern. This an educational post on trend analysis and how to spot the trend lines.
Awesome Triangle breakout caught in GranulesIndia today and also took as btst. Orginal trade was Buy at 335.6 and hold till 361+ with an sl of 330.5
This tutorial is on the ABCD pattern and the instrument used here is Nifty 50. ABCD patterns are harmonics patterns from which swings lows and swing highs can be forecasted. The present situation is a bearish ABCD pattern. Each point denotes endpoints of the swings. A, B and C denote known swing points whereas D denotes the new swing high. The trade setup is...