Opening: The nifty futures opened almost flat (GAP is the adjustment) and formed a BIG bull bar as the 1st bar indicating a bullish strength which was confirmed as bears weren't able to pullback to the MA even after 20 bars Mid day and closing: The market behaved like a typical bull trend day closing near it's high PROFITABLE TRADES: One good trade which i...
1.Opening Range:The market opened flat with first few candles indicating that today might have two sided trading and the market was two sided in a trading range as the opening range suggested 2.Mid Day and Closing:The market consolidated and gave a closing at around the top of the range which is a typical monthly expiry day... Patterns which were tradable: Only...
The probability of a breakout getting failed is much higher than it's success rate.(A STOCK AT REST TRIES TO BE AT REST AND THE ONE IN MOTION TRIES TO BE IN MOTION like NEWTON's First Law Of Motion) But breakout trades are the most rewarding trades in stock market. So...if there was a method to find out a high probable successful breakout then it would have been a...
Ways to identifty a multibagger and a good stock for positional trade: The stock should fulfill the following criteria 1.It should be from a booming sector and the broader index should be uptrending 2.The relative strength of the stock to Nifty 50 should be in uptrend 3.RSI should be above 40 4.The stock should be in a stage 2 uptrend structure (breakout with...
1.Opening Range:The market opened flat with first few candles indicating that today might have two sided trading and then after forming a DOUBLE TOP BEAR FLAG as indicated in the below posts of 5 min NIFTY FUTURES chart it broke the opening range and this started a meltdown 2.Mid Day and Closing:The market gave a strong breakout around opening hours and the...
Are you ready to delve into the captivating world of intraday trading? On February 27, 2024, the NIFTY 50 index showcased some fascinating patterns that kept traders on the edge of their seats. Here's a quick rundown: 1. Opening Range: The market opened flat with first few candles indicating that today might have 2 sided trading... 2. Mid Day and Closing: The...
Hi Everyone! I hope you all are fine. Today I have brought an interesting Price Action case study of Coal India. Although the chart is self-explanatory, I will mention some key points. 1 . Always watch Support and Resistance—the basics of Price Action. 2. If the price goes too far away from the moving average(in either direction), be cautious, as sooner it will...
👉 Introduction Breakouts are crucial in trading because they offer opportunities for quick gains through momentum. However, trading breakouts can be challenging. Around 80% of breakouts fail due to market inertia—where markets tend to continue their existing behavior. When a range attempts to break a comfort zone, some participants defend their positions,...
Yes. ! Super trend. If we know how and where to use this indicator, you are sure about getting very good trade. It ensures 1. Low risk 2. High returns and at times real big trend So how to use it? 1. Prefer larger time frame to avoid noise. I use weekly. 2. Once super trend is green wait for pullback towards super-trend. 3. When supertrend acts as...
Next Week Market Strategy | SIDEWAYS TO UPWARD Direction: -> Black TrendLine is the Seller Zone and Blue TrendLine is Buyer Zone. -? You can do Scalping from these points. A big Opportunity will come after the breakout of BLUE/BLACK Trendlines. Request: Do not Trade without Setup, because Your Money is hard hard-earned money do not waste this.
A Higher High Higher Low structure on price action is considered as an uptrend. - In the weekly chart, identify the first break of Higher High after a Lower High. - Wait for Higher High retest and enter somewhere close to it. - Cannot expect a stock to test the exact same value. - Set SL as previous HL or in cases where there are other lows close by, choose the...
Note that not all trades would result in huge profits As per the setup, wait for candle close (since this analysis is on a weekly candle, it's Friday after 3:15PM) A Higher High Higher Low structure on price action is considered as an uptrend. - In the weekly chart, identify the first break of Higher High. - Wait for Higher High retest and enter somewhere close...
A good example of a trade where we followed the rules but still hit the StopLoss. That's why "don't put all your eggs in one basket". NOTE: There can be other ways of entering an exiting. However, the idea of sharing the instructions is to understand that it should be possible to trade with fixed set of rules. Some trades make huge gains, some don't move much and...
What Is an Ascending Triangle? An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs and a rising trendline to be drawn along the swing lows. OANDA:XAUUSD
1. January - The Value at Play Before we start discussing the different technical chart patterns, we need to have some clarity on how buying and selling happens on stocks and options. Every trade has a buyer or seller. That means at a specific point in time, for a specific price there are 2 conflicting thoughts Someone who thinks the price is too cheap ...
Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future. NOTE #We Are Not Promote Anything #This...
Hello. As an option trader learner today I learnt fibonacci is a great tool for intraday trading and for those who feel difficulties to drawing perfect support and resistance. Fibonacci is the tool which you can use as a support resistance level. No need to use any indicator. Use these levels + trend lines if needed and with price action we can trade easily :)
here we have discussed what are the important things that you will need to become a successful trader. 1. Techinical Analysis Skill: Understanding the chart behaviour; Price Volume Support and resistance Trendlines 2. Risk Capability How much money you can afford to lose on a single order, and on a single day. 3. Peace of Mind Are you having...