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Ascending Triangle

WHICH WAY COULD THE MARKETS GO FROM HERE? (BANKNIFTY)The global cues lately have not been the best and markets are correcting quite aggressively lately. BankNifty has corrected a little over 15% and Nifty close to 10% The pattern I am observing now is a triangle pattern, with both an upside possibility as well as downside. The trade plan: Bullish: Entry upon breakout above higher trendline (36,650) SL: 36,050 Target: 37,850 Risk-Reward: 1:2 Bearish: Entry upon breakdown below lower trendline (35,900) SL: 36,500 Target: 34,700 Risk-Reward: 1:2 I know that the SL and Target are quite large, hence, this would be a good opportunity to practice position sizing. Generally for smaller targets I could trade full quantities, but for this my risk is only about 100-200 points and targets around 400 points max. But considering the VIX is trading around 20, the volatility is high and larger targets can be achieved. So, if the SL and target are upto 3x my normal trades, this where I will cut down my positioning by 1/3. Example, if my full quantity is 150 (6 lots), I will only trade 50 (2 lots) which is exactly 1/3. This will ensure that larger SL does not mean more risk in absolute terms.
NSE:BANKNIFTY
by ArcherDAVIS
#WRX/USDT CHART !!! BULLISH PATTERN !!! DON'T MISS WAZIRXAs you guys can see in chart it is forming "Ascending Triangle" in Weekly Time Frame which is bullish pattern and if this week candle does not break this triangle than it has probability to break triangle in upside which is very bullish and we have 3 days left for weekly closing, we have to wait if this weekly doesn't break than next weekly candle most probability will be in green. And you can buy some wrx at current price and after that if it goes down than buy some part always buy in parts #NFA(Not Financial Advice).........
Long
by Mohitvani
HIGH PROBABILTY SETUP USING MULTIPLE CONCEPTS(HINDUSTANUNILEVER)When we start trading stocks in the beginning we all run around indicators thinking that it is the holy grail of trading and after that losing hell tons of money and 90% of people who lose their 90% of trading capital in 90days leave the markets and say it's gambling but the rest 10% stay and staring learning about markets But unfortunately almost 99% information out there is wrong so rest 9% also stay in markets but they make profit sometimes then losses sometimes and just stay around the market or quit it after some time. Only the remaining rest 1% with correct knowledge master the markets and actually make profits from the market and sometimes make a living out of it. So from this, we can conclude that trading is not easy money. It requires a lot of hard work and dedication and most importantly the right knowledge. So It's very important to learn the right concepts that actually work that are PRICE ACTION, MARKET STRUCTURE, AND SMART MONEY TRADING CONCEPTS. So here's a Trade Analysis of Hindustan Unilever which is based on the above concepts and the smart money concept used here is known as ORIGIN also known as OB or Order Block Trading. A lot of things can be understood by looking at the charts. Hope you enjoy and learn something new from it👍 I will bring more trade ideas related to all the above-mentioned concepts SO HELP AND SUPPORT LIKE SHARE AND FOLLOW FOR MORE SUCH CONTENT. - Pranesh Sahoo
NSE:HINDUNILVRLong
by PraneshTrades