This is an example of how I mark my charts while taking trades. Defensive trading strategies are very good for sideways markets. The indices around the world are sideways and not making any fresh highs or lows. The principle that I have explained on the charts is ideal for protecting your capital and has a higher chance of succeeding. When the price moves to...
Will it form dual bottom? will it recover to 500 odd zones in no timr ? will it crash to 360 odd zones ??
Taking example of the UPL Chart, I present my technique of exits. Material depicts only past experiences from my small world of trading. We present this only for educational purposes without any monetary consideration. Do your risk management and enter / exit positions. If you earn from our material, please consider donating 1% to education of poor children.
Second chart from the series of taking a look at the week that was in BankNifty. This week was very bullish trend in the market. This chart indicates the overall breakout of the BANKNIFTY from it's bearish trend. The previous two trading sessions have been studied in the below chart. October 6th Trading Session BULLISH MOMENTUM IS CONTINUED FROM...
It continues to follow the Higher High Higher Low path since March lows. Keeping the same in mind it could rally till 1325 as long as its above 1260
bank nifty has been given RSI break out and will be go upward at 22082
It's a perfect chart to understand about negetive and positive divergence. When price go up and rsi go down its call negetive divergence (indicate by blue line in chart) after that price will go down & if price go down and rsi go up its call positive divergence (indicate by red line in chart) after that price will go up.
ACC GAVE A GOOD BO BUT STUDENTS IGNORED PREVIOUS HORIZONTAL SUPPORT SL HIT SETUP WAS SIMPLE
1.THE DOJI CANDLE STRATEGY AND 2. THE FIBO STRATEGY . A BUY WAS GIVEN AT 12.17 AT 2002 IT WENT AND GAVE EASY 1 % A SECOND BUY WAS GIVEN AFTER FIBO SUPPORT
HDFCLIFE taking trendline support on 1HR TF and near support zone.. can enter long if trendline breaks before breaking support zone.
From new traders to experienced traders, the most under valued technical tool is trend line. Since everybody thinks its easy to draw the trend line, they dont give much attention to it. I have connected A & B to draw the trend line 2 weeks before. When I analysed for this week's move, I just extended the same trend line and it is marked as dotted yellow line. ...
Break of 11510 support, will lead to a fall towards 11450, 11370. Bounce off from 11510 support will lead to 11565, 11612. Have a look on the chart for the support and resistance levels. Share your opinion in the comment section below, and like and follow for daily market analysis ! Professional Trader | Experience: 2.5 Years NOTE: The above mentioned views are...
The material gives an example of trade that we took based on falling wedge pattern. Though, such clean trades do not always come in front of a trader, one can use the concept to execute trades with stop loss levels given in the material. This trade is already done, and material is intended for people to learn the concept only. If you copy trades, you might win...
nifty trend line and RSI divergence