here the idea about PNB spot chart for swing trading , this is only for learning purpose
Dear reader, this is a full-fledged trading system. If you follow all the mentioned steps correctly, you will definitely have a great winning ratio. You can back-test this system on any instrument, stock, commodity, forex, etc. This system should only be used to take “Long” trades using the 5 min time frame on a stock that has sufficient liquidity. Steps to...
- Stock to give a bull run - Stop loss should be tight around 135 range because once the stocks goes below 135 range it has a high probability to go till the demand zone 110. - If the stock touches the demand zone at 110 can re-enter there. - Can anticipate a 12% move till 155 range
I always wanted more from the swing trades I took and I failed to recognise the right target for my trade which many times lead to the stock going down from a major resistance or a trend reversal because of the resistance zone because of which i had to lose a winning trade many times and with time and practice i realised what is best for me is to sell that stock...
I feel that after bullish engulfing on date 5th august 2021, few (2-3) bearish sticks will follow like before and again will raise up. Look at how beautiful the fib band is fitting.
A high probability trade is a trade that has a greater chance of success than a regular trade. So, how can you find these high probability trades? There are a few things that you can observe to find that golden confluence of various important things such as a support level, demand zone, Fibonacci level, moving average, volume, RSI, etc. The confluence zone...
Day ended forming a nmorning star pattern and in hourly chart indecissive candle was formed atthe end of the day so may be a reversal can happen. Just saving toi check what will happen
Horizontal price movement is seen when the powers of demand and supply are roughly equal, thus forming a "sideways trend". This usually occurs during a period of consolidation before the price continues a prior trend or reverses into a new trend. A sideways trend is also sometimes referred to as a "horizontal...
Sharing a mistake I made and how I corrected it. On Weekly chart, I saw a nice rounding botton pattern and stock close to ATH with a BO candle of 26 July 2021. I also saw volume expansion on that day as well as expansion since the candle of 18 January 2021. I went long at approx. 270. Although RSI was above 60, what I failed to see was RSI High was flat. And...
This is a quick guide into using relative strength charts (or RS charts) that will help you pick stocks that are stronger than the broad market or identify sectors/industries that might outperform the broadmarket.
I have based my analysis on Stan Weinstein's framework on Weekly chart where price structure, 30 weekly MA, volume and relative strength (not RSI) play a role in analysing the trend. Personally, I like stocks near ATH because it tells me that prior resistance has been broken. It is important for me to select stocks that have strong relative strength against a...
Basics of Price Action | Multi Candlestick Patterns | Basics of Technical Analysis
It's a clear double top pattern there is a 70% chance that after a minor retracement the market will go down you can buy now or wait for the retracement to be done, it's up to you many big raders buy half their quantity at this point so in case if the market show a sudden move they won't be left out.
Bullish flags are a continuation pattern found in stocks with a strong uptrend. As can be observed, the pattern resembles a flag on a pole. The vertical rise forms the pole and the following period of consolidation forms the flag. The flag can be a horizontal rectangle but mostly angles down from the pole. The focus should be more on the underlying psychology...
darwas box theory show in this stock. stock crose all box in time to time.
This is a beautiful chart if u just watch this chart on a weekly timeframe whereby this has broken the 21 years high of 322. This is now in the blue-sky zone wherein u see the highest traded volume with the highest delivery quantity and also the major reason is a breakout from multiyear levels. This will be the new multibagger stock to buy in. Always go with any...
There has been inverted head n shoulder pattern formation on the chart and likely it will coming towards the 3900 levels. As 4190 was crucial support in this short term high rally as this stock has risen in one single direction without any hiccups.
Trendline is acting as resistance. Support levels seems quite promising. Maybe a gap down tomorrow near the first support can be a gud trigger for upmove if Dow recovers a bit from more than 2% fall