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200dema

Silver Price action and RSI study Silver Making multiple supportive nodes -> 1) Making it weak 2) Might take support to ( thus making it a tradable area ) Learning Pointers >> Pattern here is Descending triangle >> Time frame here is Weekly >> Candle position -> Mother bar : Inside bars on multiple weeks >> Rsi telling about Divergence of price and relative strength ( Rsi making higher lows, meaning it is bullish ) >> Price making same lows >> Price taking rest at 150dema, can combine itself with 200dema too in near future on W charts
MCX:SILVER1!Long
by Averoy_Apoorv_Analysis
SUPPORT AND RESISTANCE WORKS VERY WELL - EDUCATIONAL PURPOSEOnly for Educational purpose. This stock TCS is right now in good area where buying could be initiated, we have noticed that the price is right now at lower point of parallel channel in daily time frame, where demand zone is also co-incidentally matches and 200DEMA is also at same level of that area zone, but its not confirmed yet to go long, if any type of bullish candle pattern is seen in lower time frame like 30 minutes or in hourly then it could be an opportunity to go long after checking all parameters are aligned or not for trade, with stop loss of last swing low, don't jump directly to buy, do your own studies these types of scenarios on regular basis, check how they works check the probabilities of price directions or price actions. as per previous price action targets are mentioned and stop loss is also mentioned. Thanks. Support and resistance view Parallel channel view along with 200 dema Morning star candle pattern Stop loss and targets are mentioned in chart Disclaimer. I am not a sebi registered analyst My studies are for educational purpose only Please consult your financial advisor before trading or investing I am not responsible for any type of your profit s and losses
Editors' picks
NSE:TCS
by RK_Chaarts
75
HDFC: WaveTalks- Pattern / Patience & Penultimate Correction WaveCount --------------------------------- • 1-2 -3 -4 (Running Currently) - 5th Wave Expected Upside. • 4th Wave o Unfolding as Triangle having last leg - "e" wave close to end. o 4th Wave Triangles are "penultimate wave" means it is 2nd last wave & one more wave left in the structure which started from the lows of 1473 on 23rd / 25th March2020. • 5th Wave - Expected Next o 5th Wave can be explosive upside & can travel upside to 2900+ high in days & weeks ahead Traditional Chart Patterns ----------------------------------------------- • Cup & Handle Pattern o Valid Cup & Handle Pattern always has prior trend as uptrend. In current case it is tilted cup with handle which is valid pattern as prior wave ("b-wave) was uptrend from low@2365 to high@2896 o Bias - Positive • Inverse Head & Shoulder Pattern o This pattern has no such requirement like cup & handle pattern but prior trend if downtrend is always preferred as after consolidation it most likely has to reverse & move upside again once neckline is crossed. o Bias - Positive Moving Average -------------------------------------- o 200 DEMA ( Daily Exponential Moving Average) has been taken into consideration which seems to be quiet in sync with the stock move as supported multiple times post completing "wave-1" which got resistance exactly at 1921.90 ( approx.- 1922) o 1st support after completing Wave-1 was at 1907 which was exactly 200 DEMA support . o Taking support from 1907- stock travelled explosive upside in "Wave -3" which got completed at high@2777 o Wave- 4 unfolded as Triangle which is almost completed or about to complete with "e-wave" the final leg in the triangle. o "c-wave" in the triangle took support at 2354 which is again 200 DEMA support o "e-wave" in the triangle also close to 200 DEMA support. o Bias - Positive Stop Loss ---------------------------- • Stop loss should be below "c-wave" 2354 plus few points lower which can be taken as 2345 (10 points lower) or as per trader's judgement Target -------------------------- • First Target - 2650 which is "d-wave" of the triangle wave • Second / Final Target - 2900+ Risk to Reward ---------------------------------- • Excellent risk reward of 3-4 times Conclusion ----------------------------- • Stock has bullish bias holding above 2345 key & critical level which is close to 200 DEMA support & can be expected to move in the explosive 5th Wave to the targets of 2650 & 2900+ in days & weeks ahead. • We also conclude that stock market can see fireworks generally if Nifty holds above 15450 –key & critical level. Nifty Expected move can be for 1st Target -15900 / 2nd Target – 16350 / 3rd Target – 16750 Thanks & Have a nice week ahead.
HLong
by WaveTalks
15
Concept of Supply/Demand Trendline - 20% opportunity in 3MINDIA👑 Terms used if you don't know : ✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa until one of them wins ✣ Structure and trend: Two types of trends that exist in the market today are uptrends and downtrends. Each type of trend tells a different story and has its own impact on a trader's success in the market. While uptrends show a series of higher highs and higher lows, downtrends show lower highs and lower lows ✣Breakout: Breakouts are commonly associated with ranges or other chart patterns, including triangles( HERE WE WILL SEE THIS ONE ), flags, wedges, and head-and-shoulders. These patterns are formed when the price moves in a specific way which results in well-defined support and/or resistance levels. Traders then watch these levels for breakouts ✣ RSI DIVERGENCE: A bullish divergence occurs when the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new long position. ✣ Supply/ Demand: In the supply zone, the prices are higher than the bid price, and in the demand zone, they are lower. The bid price is what a trader is willing to pay for a stock 👑 Important levels ( also most of it depends on your entry and mindset during trading hours ) ✣ Risk of 4-5% at the entry-level of 21500 ( approx trade as per the breakout candle ) - entry possible on 1hr and 2hr charts ✣ Targets can be 20% from the buy point ( the top point of the triangle as the target ) 👑 Comment your thoughts and queries regarding anything on this analysis of mine, feel free buddy :) ⌛ Motivational and psychological area ⌛ ✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only. ✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow ✣Don't lose hope and keep grinding ✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily. ✣Focus on the process, you are here to make money not stupid decisions and lose it all ✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market. ✣Believe in yourself :) 🎓🎓 Some info about me :) ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼I don't take all the trades I post ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. ☃☃☃☃ Thank You Have a Nice Trading Day ☃☃☃☃
NSE:3MINDIALong
by Averoy_Apoorv_Analysis
4
HDFC- 2777 Will it Stop!!! • Multiple Tops on lower degree have halted stock close in 2750-2777 zone • Push Above 2780 – can take stock to new highs 2850/2950 • Careful at the Tops later as current geocosmic signs at the moment may trick you. Always be cautious & false breakouts & breakdowns are common phenomenon in this period • Risk Management is most important so traders should know first how to use stops before even they start trading & use trailing method to protect your profits --------------------------------- • Trading Strategy --------------------------------- Plan A – Buy Above 2780 for 2850 & 2950 Plan B – Crosses above 2780 & fails to reach the targets as mentioned in Plan A or only partial target is done at 2850 & drops back below 2780 – Become cautious on long or buy positions-That is also a plan Plan C- Sell below 2600 for Target – 2365 & Below 2365 to 2200 which will be 200 DEMA support
H
by WaveTalks
14
Inverse Head and Shoulder Pattern in BHEL for target of 40+In today's session, BHEL breakout the inverse head and shoulder pattern. As well as its trading above 200 DEMA. It's indicating a strong bullish move in this stock for a short term. In the upcoming few trading session, we can expect a target of 40+ in this stock. Can go long for a target of 40+ with nearest stop loss at 34.30. Near 35.50 is a good entry position in this trade to get a good risk-reward. Possible Trade: Buy BHEL above 35.50 Stop-loss 34.30 Target 40+
NSE:BHELLong
by TradZoo
3