What I felt after watching this 2 hourly chart that markets are in a mood to consolidate and the best way I am finding is the markets every time trying to breach the 34450 levels they go up and came down heavily to 33300 levels which act as significant support. But markets are looking to go sideways and consolidate at 34500 on the higher side and 33300 on the...
What is a Rounding Top?
• A rounding top is a chart pattern that graphically forms the shape of an "Inverted U".
• Rounding Tops are found at the end of an uptrend trend and signify a reversal
• It is also referred to as an inverted saucer.
• Ideally, volume and price will move in tandem.
Parts of a Rounding Top:
A rounding Top chart can be divided into...
What Is a Rounding Bottom?
• A rounding bottom is a chart pattern that graphically forms the shape of a "U".
• Rounding bottoms are found at the end of extended downward trends and signify a reversal
• It is also referred to as a saucer bottom
• Ideally, volume and price will move in tandem.
Parts of a Rounding Bottom:
A rounding bottom chart can be divided...
What Is a Bullish Flag?
Bullish flag formations are found in stocks with strong uptrends and are considered good continuation patterns. They are called bull flags because the pattern resembles a flag on a pole. The pole is the result of a vertical rise in a stock and the flag results from a period of consolidation. The flag can be a horizontal rectangle but is...
Bulls eys-fibonacci spiral
Gann mentioned about the gift to be obtained when the shell is broken. Thsi is the shell in 15 minutes chart. Whichever side the shell is broken the gift will be yours to take.
Following is my bar-by-bar trade analysis of Venkeys, currently sitting at 80%+ ROI.
a. Entered NSE:VENKEYS thanks to the range breakout + RSI 60 breach, indicating momentum. Stop placed at around gap filling (1650). 50DMA was ~9% away from LTP.
b. Price saw a strong move on the upside on the next day with a sizeable gap-up. 2,000 psych level held + very strong...
Hey traders,
Relative strength index is a classic technical indicator .
It is frequently applied to spot a market reversal.
RSI divergence is considered to be a quite reliable signal of a coming trend violation and change .
Though newbie traders think that the application of the divergence is quite complicated, in practice, you can easily identify it...
As it also triggers "Sell Signal" as per the theories of Price Signal. You can also see how the Alligator Oscillator indicator tells you to enter a position during the indicator's awakening phase, hold it through the eating phase and exit it during the sated phase.
This indicator is a good alternative to the MFI indicator We use in the Entropy setups or any...
This idea is for educational purpose , please take advise from your financial advisor before taking position.
cmp 31.30 , target 35 in short term. Investor can hold for long term
