Market respect that trend line, which was previously Resistance Line and break, after few days It became Support Line.
NSE:EMAMILTD Trend lines can be drawn in between the trading channels, that's means a trend line inside the trend lines (channel). Market already break this inside resistance line, so we can easily take a long position using "Buy Stop" or "GTT" order. Because the stock or chart it self break the resistance line, so you can say this is a upside breakout inside...
NSE:HAVELLS Market break the resistance line but unable to close above the line and make upper shadow, that's means the chart itself respect the resistance point again. So without closing we can't rely on such breakouts. Showing upper shadow in same point on several times means the chart/market already started to ignore this price level.
Bitcoin had a fantastic rally this year but also had seen the worst of the falls due to China’s crackdown. Let’s analyze the BTC chart and find out the critical signs we have observed during the fall and also analyze what’s the current situation. In this analysis, we will be using Trendlines, Supply and Demand Zones, and RSI. We shall understand them briefly....
wait for break out of upper trend line... also after getting a confirmation bullish candle with small rejection the go for long..
The distribution phase is when large funds and institutional investors sell their shares at a high price in order to maximize their profit. Because institutional investors and large funds hold large positions (> 1 million shares), they cannot close their positions with a single sell order because doing so will draw attention to the stock, causing other market...
The Symmetrical Triangle is usually a continuation pattern. It represents a pause in the existing uptrend after which the original uptrend gets resumes. A breakout from the upper trend line marks the continuation of an uptrend while a breakdown from the lower trend line marks the start of a new bearish trend . This pattern is also known as a wedge chart pattern. ...
Broke every levels from where it should reverse. I kind of think it should come to 155/145 levels with an strict sl of 171. Risky trade!!
-Always wait for the current candle to close beyond the trendline to confirm the break. -Always wait for the current candle to close beyond the Previous Higher Low to confirm the Trade
support and r on mrf chart , u can see ckearly it can helpful to draw s r line ,
1 , multi year trend line brek out 2 , triangle pattern break out Entry above 105 Sl 92 Target 125 and 135
As soon as we see a breakout on the chart we form a basis ( or have a belief ) that the stock will burst and go upside. We should not try to predict the market. Instead, we should wait and let the market tell whether the breakout is false or true. You can crosscheck with other indicators. I personally use PRICE ACTION data i.e. after breakout the upper trend line...
labelling done using following rules for impulse 1)wave 2 should not retrace wave 1 entirely 2)wave 3 cant be shortest 3)wave 4 cant enter wave 1(except diagonal) for flat with truncated wave c 1)wave b should at least retrace wave a by 80% 2)wave c should at least reach 61.8% extention of wave a. for zigzag with truncated wave c 1)wave b should not retrace...
- 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...
CLOSELY WATCH THE LEVELS VOLUMES HAVE STARTED TO POP IN 23/6/21 - Smallcap, Material (paper)--posted negative results FY21---quarterly results mar21 is positive -W- Stock has bottomed out and started making positive price structure - Above all major EMA on D, in W, crossing 100EMA with good VOL - Parameters positive on D & W - Volume have started to...
Triangle is a classic price action pattern that is applied by technical analysts to make predictions trading different financial markets. Depending on the shape of the triangle, there are three main variations of this pattern. Its meaning changes dramatically from one to another so it is crucially important for you to know the difference. 👉 The symmetrical...