Swing Trading in the current Market: 1) Buy Zone: Here we can make the fresh position on confirmation of reversal from support. 2) Sell Zone: Here we can either book our long side profit or make new short position after confirmation near the resistance level. 3) Breadown Zone: When the market gives a breakdown of this parallel channel then possible strong...
In today's session, IRCTC has given a breakout of rounding bottom pattern. After this breakout, This stock gives quickly our projected initial target is 1750+ which is the height of rounding bottom pattern. Traded position: Buy Entry IRCTC at 1700-1710 Stop-loss 1680 Initial Target- 1750(1:2.5 risk reward)
This is an example of the Bullish Flag Formation of ITC. (Spotted by Naman)
✨SCALPING TRADER :> The main advantage of scalping is the ability to gain profit from small price changes within the shortest time frame possible, which is often amplified by a larger position size. This is an intra-day type of trading which means that positions are closed before the end of the trading day or session ✨DAY TRADER :> A day trader buys and...
📚 LEARN MORE 💰 EARN MORE With ForecastCity What is a Range-Bound Market? A range-bound market is one in which price bounces between a specific high price and a low price. The high price acts as a major resistance level in which price can’t seem to breakthrough. Likewise, the low price acts as a major support level in which price can’t seem to...
📚 LEARN MORE 💰 EARN MORE With ForecastCity Inverted Head and Shoulders Definition: A head and shoulders pattern is also a trend reversal formation. It is formed by a Valley (left shoulder), followed by a Lower Valley (head), and then another Higher Valley (right shoulder). A “ Neckline ” is drawn by connecting the highest points of the two Peaks....
disclairmer - only personal view
We can use 200EMA line as a major support or resistance. 200EMA level is most reliable for your trading decision.
1) Cryptocurrencies: Highest Risk, Highest Return :- There are 3 main types of Cryptocurrencies in the market now which are the most actively traded – Bitcoin, Ethereum, and Litecoin. Think of this as a new version of a stock, where the underlying thesis is the idea of decentralized ownership and value. For any other currencies in the market, for eg. USD , it...
Archive of Discussion - Now, Our core assumption is - It will eventually give a breakout (or, breakdown) and will continue the trend. So, in short, Flag Pattern is a trend continuation pattern that allows you to catch a trend in the middle! If We revisit the recent amazing Uptrend of Wipro, You can see there are three clear Flag Formations in the W...
My personal experience on Swing trade Why i choosen swing trade.. How Long i am in trading business reason to post this video for trading knowledge Complete Mind game
📚 LEARN MORE 💰 EARN MORE With ForecastCity What is a Range-Bound Market? A range-bound market is one in which price bounces between a specific high price and a low price. The high price acts as a major resistance level in which price can’t seem to breakthrough. Likewise, the low price acts as a major support level in which price can’t seem to...
This is pure educational post, and this post is not for analysing further movement. Many viewers think why I am analysing Nifty on 15 min candlestick, well actually I analyze in multiple TF. If you're a nifty trader, then you need to realize the importance of even 5 min candlestick. One strong 5 min candlestick can be of 50/60 points of nifty. Imagine this one...
See Although Godrej Prop has triggered that has triggered as per the mechanical methods of Bollinger Band. Now it can obviously fall. We always have our 50% chance of being right. But this is a case I will avoid as “I think” it is a continuation of the uptrend. This is a short timeframe analysis and if we see the higher timeframe - The short triggers on the...
The volatility index tends to rise usually contra to Nifty. Currently at 21 has caused large red candles in hourly time frame today, further upside could be more lethal. A daily close above 22.50 will move it towards 24 and above that towards 30. A rising VIX suggests intra day moves get vertical with gap openings. Getting caught on the wrong side can cause...
It is on the verge of an IHS breakout in weekly time frame above 112. V good support between here to 95. The Inverse Head & Shoulder upside levels are 150 / 175 / 200 over the medium term.
disclaimer - only personal view
Read the chart for more details…very simple but clear