This chart is explaining static and dynamic support. here horizonal base line is creating as static support and 200 EMA is creating dynamic support arrow upside mark below 200 EMA is showing dynamic support for price arrow upside mark below horizontal line is showing horizontal support line click like button if you like this support tutorial
Overview: This is a day trading Indictor works using support & resistance and market trend, it is designed for all type of markets (crypto, forex, stock etc.) and works on all commonly used timeframes (preferably on 1H, 4H Candles). How it works: Core logic behind this indicator is to finding the Support and Resistance , we find the Lower High (LH) and Higher Low...
Hi all, today we are going to study about basics and usage of technical analysis. I have prepared this wholesome post so that you guys are able to understand what technical analysis is all about. I have shortened the sentences to readable points, hence, don't mind the grammar. Learning objectives: After studying this post the student should be able to...
Apl Apollo is one of the leading companies in Indian Steel sector. I had some previous posts on it as well, which played out well for me. The key aspect is to put urself in those big shoes and think like an Institution. The key problem if you are an institution and want to buy a sizeable portion in a share is LIQUIDITY. How will you get enough sellers to buy...
Unit_of_Technical_Analysis: Chapter 3: Bull Cycle: how to identify prior phase, The Bull Cycle, How to trade the Bull cycle. Tools used: 1. Fibonacci 2. Relative Strength Index (RSI) (36) 3. Moving Average Convergence Divergence (MACD) (18, 36, 9) 4. Moving Average (MA) (36) Time Frame: Daily Method: 1. Bullish Divergence & Falling Wedge (or...
In this video, I explain how myself and KR exited partially in Infosys as well as TCS earlier this week. I hope this video helps. Best wishes, Umesh 5-1-22
PLot StableF-Main By E-nifty and StableF-ADx BY Enifty and Recommended timeframe for intrady is 3min or 5 min Other than trading view You can use stableF-main as supertrend and stablef-adx as adx and dmi with below settings stableF-main==>Use defalt settings i.e atr=23 and factor=2.7 or use atr 35 and factor 2.5 (for other than trading view...
Bollinger Bands -------------------- We all are familiar with the much popular Bollinger bands (BB). It has two bands - Upper BB and Lower BB. These bands envelope the price of an instrument and are plotted at a standard deviation level above and below a simple moving average (sma) of the price (20 sma in most cases). BBs help in determining whether the price is...
This is analysis is for educational purpose only! Since many weeks bank nifty is under performing in the market and today it has created Head and Shoulder Trend Reversal Pattern on its daily charts. By the huge structure of this head and shoulder we can expect a huge fall of 5900 points. Yes! 5900 POINTS. If Bank Nifty treads below 35300 you can initiate a...
Hi, today we are going to see one of the most important concepts for day trading. I have taken all the content from the book “Secrets of a Pivot Boss” and added illustrations and charts, so that you don’t have to read the book. I am merely a presenter of the original content written by Franklin Ochoa. But the charts and illustrations are all done by me (If you...
Levels to watch ..........................................................................................
As compared to Nifty in previous analysis BNF is showing much more bearishness and has corrected about 15% from the top whereas Nifty is around 10%. The previous rally that started on 30th Aug. is completely wiped out which in itself is not a good sign. Though BNF is hovering near support it had a great opportunity to break past the triangle pattern in smaller TF...
Nifty has been in negative territory from past few days also forming a H&S pattern on the top, a highly traded pattern, for about 1000 pts. target which has been completed a few days back. Now, after a few days of pullback a negative candle is formed on last trading session it may continue the trend in the direction of the primary trend i.e. down. But, there's...
This setup is good for Intraday and easy to make decisions of short or Long.
USDCAD trend very positive support level very strong will buy this pair with stoploss
This post helps you to understand how you can project any pattern formation in earlier stage. Also, It helps you to build your perfect weekly watchlist. Create Your Price Action Weekly Watchlist in Following Sections: 1) Early Stage Price Action(Waiting Phase) 2) Mid-Stage Price Action(Reversal Entry Phase) 3) Final Price Action(Breakout/Breakdown Entry...
Strategy to execute trades in forex market, works for all pairs (please do back testing to gain confidence) : What we need : Candle Sticks Timeframe – 1 hr Bollinger Band – Length 20 and StdDev 2.5 Bollinger Band – Length 20 and StdDev 2 RSI – Length 6 Stochastic Oscillators – 14,3,3 MACD – 8,21,5 Confirmation with indicators should be in same trend with candle...