ASHOKAASHOKA :- Is going to give breakout, that too with good volume
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As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
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Ajay.
keep learning and keep earning.
Bullishpattern
Mastering Trade Setup with simplicity of dow theorySimplifying Trade Strategies with Dow Theory Wisdom
Welcome to the world of trading, where the Dow Theory can be your trusty guide. Let's break down an easy trade strategy that suits different market situations.
Dow Theory Insights
Dow Theory, a key tool in technical analysis, says understanding trends is crucial. Figuring out the trend is where we start, setting the stage for smart trade decisions.
Bullish View
If we're feeling positive
Higher Lows: Check if prices keep going up.
Near Support: Make sure prices are close to a support zone.
Reversal Signs: Look for any candle patterns signaling a turnaround.
Buying Setup:
Stoploss: Think of it like a safety net, set it at the recent lowest point.
Execute a buy trade when these factors line up, always keeping an eye on that stoploss.
Bearish View
If we're feeling negative
Lower Highs: Check if prices keep going down.
Near Resistance: Make sure prices are close to a resistance zone.
Reversal Hints: Look for any candle patterns signaling a potential shift.
Selling Setup:
Stoploss: Your safety measure, set it at the recent highest point.
Execute a sell trade when these conditions come together, always mindful of that stoploss.
Sideways View
For a market that's just hanging out
Draw Lines: Sketch lines above and below the current prices (Support and Resistence Trendlines)
Be Patient: Hang tight until prices break above or below those lines.
Only jump into a trade when the market decides where it's going.
In the lively world of trading, Dow Theory keeps us wise. By using these strategies, along with clever stoploss placements, you can navigate the markets with ease
This post is for educational purposes only. Trading involves risk, and past performance is not indicative of future results. Always do your research and consider consulting a financial advisor before making any investment decisions. I am not 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 kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
ICICI BANK ( Looking to invest 💥)Add this to watchlist and wait for entry.👁️🗨️
For short term investment ;
Leave a " Like If you agree ".👍
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Wait for small retracement & daily candle to close above - "972" .
Trade carefully untill ENTRY level.
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Entry: 972
target: 975 - 985
sl: 965 -960
major stoploss/ support: 960
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Enter only if market Breaks
"Yellow box" mentioned.
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Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency "💹
Refer our old ideas for accuracy rate🧑💻
Follow for daily updates👍
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Refer over old posted idea attached below.
RUNE - Under Elliott Correction Wave#RUNE 4hr. Chart Analysis
CRYPTOCAP:RUNE at present going to #Bullish trend after the update news and it will be moving under Elliott #ImpulsiveWave and after completed its final Wave recently, it was starts moving towards first #CorrectionWave formally as well.
From $3.1 at 7th Nov., its #ElliottWave starts and growen upto $6.6 around finally and now its correction wave starts that will be finish out approx. $4.5 to $4.3 before next week start-up with new cycle.
Lets see, whats the actual movements of every cut-off points but major chances that it will be take a correction before another #Bullish trend towards next ride towards $13-$15 next time.
Always #DYOR before investing or Trading and use #Stoploss into tradings, Its #NFA
also,
Follow me to like and comments on it to share anyone too...
BITCOIN - Price Projections Before Halving#BITCOIN Weekly Chart Analysis
As per Weekly movements, MIL:BTC moving towards $38k to FWB:48K ( May be chances to break-out $50k again 8th time in history), but before #Halving once it will be take a reversal towards $30k also last time to book profits by Whalers in this cycle.
So, Ready for that last ride of last downtrend cycle before #BullRun Starts after the Halving of Bitcoin approx. 60-90 days, it means around July 2024 BTC will be starts their #Bullish Trend towards the Upcoming BullRun's first phase of $165k-$180 in 2024-25 and final #AllTimeHigh will be reach around Nov. 2025 to Jan. 2026 around $280k-$320k approx.
Anyway, always #DYOR before investing in Crypto as well Trade wisely by using #StopLoss
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Follow me with your likes, comments and share...
Falling Trendline b/o in kcp ltd with gcrossoverFalling Trendline breakout is developing on weekly chart of NSE:KCP One lookinto it to buy the scrip at cmp with a stop loss of 100 for the targets of 122, 133, 144 respectively. The stock has given the golden crossover(Bullish Signal) and 5wema is above 44wema.
Exit the position if the stop loss triggered on Weekly closing basis.
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Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
KREBSBIOKREBSBIO:- The stock has been falling for 2 years, a triangle pattern has been formed, if we get an upside breakout then we may see good movement.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Bullish Reversal in Ashok Leyland: Targets 190 and 220I have identified a potential bullish reversal in Ashok Leyland based on the following factors:
The stock has shown a reversal at key Fibonacci levels, indicating a potential shift in the trend.
Break of Trend Line:
Ashok Leyland has successfully broken above a significant trend line, suggesting a change in the prevailing downtrend.
Targets:
The first target for this potential upward movement is set at 190, representing a key resistance level.
A more extended bullish move could see the stock reaching a second target at 220.
This analysis is based on technical indicators, and as always, it's essential to consider other factors such as market conditions and company news.
INOXGREEN Bullish Prediction analysis 13 NOVINOXGREEN is a power Stock that has given the breakout and a high probable that it will move in the bull side now. It has successfully broken the Flag and pole pattern.
Reason:
Flag and Pole Breakout to upside.
RSI > 50, crossing 60 to upside means a bullish momentum is expected.
Price > EMAs(13,50,200) shows bullishness.
Price > VWAP
Successful Breakout done.
Verdict:
Strong Bullish
Plan of action:
BUY: 69-70 (LTP)
STOPLOSS: 65.50
TARGET: 80 (1st Target) after that trail
Crude oil Range bond (6900-7500) ****************************************************************************************************
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* All the information shared in this chart is provided for strictly educational purposes only.
* This chart is sharing information are based on the theory of technical analysis .
* This is not an offer to buy or sell stocks, futures , options, commodity, forex, interests or any other trading security.
* Back test yourself before jump into live market consult your financial adviser and use proper risk management.
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Crude oil bullish till 7500 (rangebound 6900-7500) my buying price around 6850-7000-7100
Stop loss will be buy at hammer at support with Stop loss of same candle
I will kept my order selling order around 7500 -7550-7600 same stop loss will be inverted hammer candle or any bearish candle.
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BITCOIN Last Time Breakout Divergence#BITCOIN 1hr. Chart Analysis
As per present scenario, after reached out $35.9k in last week, CRYPTOCAP:BTC lower support already one of the previous one is $33.3k that was never broke down in previous times to much easily as well not this time too, but its also never break-out $35.2k mark very easy soon and previously many times too.
So, its the exact scenario here again in October month end arrival soon, either it breaks their resistance of $35.2k this time, but if rejects from their then may be other chances to try-out for lower-low support of $33.3k again final time too...
Lets, see whats the market and whalers mood of October month end, Just wait n watch
but, always #DYOR before invessting in Crypto and Trade wisely by using #StopLoss.
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GOLD/ XAUUSD BULLISH PATTERN SEENTIME FRAME 15 MINS -
Cup & Handle pattern seen on 15 misn timeframe while presents Bullish continuations from current price of 1975 towords 2000 soon..
Though time frame is small but it supports to Gold Rally hence has goood importance..
Wish you all best profits and best life....
Dont be bearish for GOLD in condition like war , Study Fundamentals too with technical and trade good
Little bull is expected in NIFTY50….Elliott Wave Analysis:-
Flat correction taking place.
Slight bull is expected before a fall (or)
This may be beginning of a bull run for a short period of time.
We have to watch the wave formation.
I am not a SEBI registered advisor.Before taking a trade do your own analysis or consult a financial advisor.I share chart for education purpose only.I share my trade setup.