Analysis on 6th Jan 2023. For Study Purpose- - Make it Simple as possible. - State of mind while trading far more important than actual amount you trade, so don't confuse by putting too much analysis every time. - In Above chart you can see how clearly trend changing can be captured just with little bit of conviction on study. Wish you a Happy...
Education Falling trend line: Rising trend line is the type of trend line which typically helps trader in identifying the exact bearish momentum (downward trend). The rising trend line or descending trend line, be connected from highest price traded within the time range, and connect to the lower prices of the asset or security. Traders may prepare for selling...
Trend Line is the very important in the Price Action Trading, this is very simple you can add two point in chart and than simply extend the line this is call trend line most of the time stock take support or resistance in this line.
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...
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...
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...
wait for break out of upper trend line... also after getting a confirmation bullish candle with small rejection the go for long..
Hi, Buy above 460 Sell below 427 Which side Trend line(support and resistance) is break, possible take entry that side.. Thanks.
It broke the second support trendline also. now it is heading towards next support level which is around 333. we can take the directional trade once it reaches that level, based on price action.
It has reversed from a Bearish Harmonic Alt Shark in hourly time frame and done a min 38% retracement. There is a possibility of a trend line breakout ONLY if it manages to break "above 328" for 360 where it has a Bearish Harmonic Butterfly. Failure to cross would see continuation of retracement till 50-62%
Educational Purpose.
Rounding bottom formation with increasing volume and long term trendline breakout
Price bounced from the support zone on the higher timeframe and we can see clear impulse wave with the two HH and HL structure and also there is a trendline break confirmation, Now we need a clear buy signal to enter into the trade. This is the low-risk high-reward trade so look for the bigger target but take the entry on the lower time frame
Price bounced from support zone with very good momentum and price broke the trendline, Now we need a clear signal to enter the trade.
Momentum shifted from downtrend to uptrend and price also bounced from support zone with trendline break confirmation, Now wait for clear setup.