Observing Charts Smarter: Learning Price Action Made EasyIn this video, I share how simple trading observations and “talking to the charts” can improve your understanding of price action and trade movements. By reviewing Apollo’s chart, we explore how breakout patterns, retracements, and higher highs unfold in real time. The goal is not prediction, but sharpening your ability to read market structure, avoid wrong entries, and reduce big drawdowns—ultimately helping you become a more disciplined trader.
Candlestickpattern
Candlesticks PatternCandlesticks Pattens - Part -2
*SkyTradingZone* is your go-to source for educational content on trading, covering market insights, strategies, and in-depth analysis. Our goal is to empower traders with knowledge to navigate the markets effectively.
---
# *Candlestick Patterns: The Key to Understanding Market Psychology*
Candlestick charts are one of the most *powerful tools in trading, providing valuable insights into **market sentiment, reversals, and continuation patterns. They help traders make informed decisions by visualizing **price action* in a structured way.
---
## *1️⃣ Understanding Candlestick Basics*
A candlestick represents *price movement within a specific time frame* (e.g., 1 minute, 5 minutes, 1 hour, 1 day). Each candle contains *four key price points*:
📌 *Open* – The price at which the candle starts.
📌 *High* – The highest price reached during the time frame.
📌 *Low* – The lowest price reached during the time frame.
📌 *Close* – The price at which the candle ends.
### *Candlestick Structure:*
A *bullish (green)* candle forms when the closing price is higher than the opening price.
A *bearish (red)* candle forms when the closing price is lower than the opening price.
🕯 *Wicks (Shadows):* The thin lines above and below the candle body indicate the highest and lowest prices reached during that period.
---
## *2️⃣ Types of Candlestick Patterns*
### *📍 Single Candlestick Patterns*
These patterns consist of a *single candle* and indicate potential reversals or continuations.
✅ *Hammer (Bullish Reversal)*
- A small body with a long lower wick.
- Appears after a downtrend.
- Signals strong *buying pressure*.
✅ *Shooting Star (Bearish Reversal)*
- A small body with a long upper wick.
- Appears after an uptrend.
- Indicates *selling pressure* from institutions.
✅ *Doji (Indecision Candle)*
- Open and close prices are almost the same.
- Indicates *market indecision* and possible reversal.
✅ *Marubozu (Strong Trend Candle)*
- No wicks, just a full body.
- *Bullish Marubozu* → Strong buying pressure.
- *Bearish Marubozu* → Strong selling pressure.
---
### *📍 Double Candlestick Patterns*
These patterns involve *two candles* and suggest trend continuation or reversal.
✅ *Bullish Engulfing (Strong Uptrend Signal)*
- A small *red* candle followed by a large *green* candle.
- The green candle *completely engulfs* the red one.
- Indicates *buying pressure* and a potential reversal.
✅ *Bearish Engulfing (Strong Downtrend Signal)*
- A small *green* candle followed by a large *red* candle.
- The red candle *engulfs the previous green one*.
- Signals *strong selling pressure*.
✅ *Tweezer Bottom (Bullish Reversal)*
- Two candles with the *same low price*.
- Suggests *strong support* and buying interest.
✅ *Tweezer Top (Bearish Reversal)*
- Two candles with the *same high price*.
- Indicates *resistance* and selling pressure.
---
### *📍 Multi-Candlestick Patterns*
These patterns involve *three or more candles* and provide strong trade signals.
✅ *Morning Star (Bullish Reversal)*
- A *red candle, followed by a **small indecisive candle, and then a **big green candle*.
- Shows *trend reversal from bearish to bullish*.
✅ *Evening Star (Bearish Reversal)*
- A *green candle, followed by a **small indecisive candle, and then a **big red candle*.
- Indicates a *trend reversal from bullish to bearish*.
✅ *Three White Soldiers (Bullish Continuation)*
- Three *consecutive green candles* with higher closes.
- Indicates *strong buying momentum*.
✅ *Three Black Crows (Bearish Continuation)*
- Three *consecutive red candles* with lower closes.
- Signals *strong selling pressure*.
---
## *3️⃣ How to Use Candlestick Patterns in Trading?*
Candlestick patterns alone *are not enough; you must **combine them with other factors* for high-probability trades.
### *🔹 Combine with Support & Resistance*
- A *bullish engulfing at support* is a strong *buy signal*.
- A *shooting star at resistance* is a strong *sell signal*.
### *🔹 Use Volume Confirmation*
- *High volume* with a reversal pattern increases its reliability.
- *Low volume* means the pattern might fail.
### *🔹 Look for Confluence with Indicators*
- *RSI Oversold + Hammer Candle = Strong Buy Signal*.
- *Bearish Engulfing + MACD Crossover = Strong Sell Signal*.
### *🔹 Trade with Trend for Best Results*
- *Bullish patterns work best in an uptrend*.
- *Bearish patterns work best in a downtrend*.
---
## *4️⃣ Common Mistakes Traders Make with Candlestick Patterns*
🚫 *Trading Without Confirmation* – Always wait for the next candle or volume confirmation before entering.
🚫 *Ignoring Market Context* – A single pattern doesn’t guarantee a trend reversal; check the overall trend.
🚫 *Forcing Trades* – Don’t take a trade just because you see a candlestick pattern; wait for confluence with other signals.
---
## *5️⃣ Best Candlestick Strategies for Profitable Trading*
### *📌 Strategy 1: Engulfing Pattern + Support/Resistance*
🔹 Identify a *strong support or resistance level*.
🔹 Wait for a *bullish engulfing pattern at support* or a *bearish engulfing at resistance*.
🔹 Enter a trade with *stop-loss below support (for buy)* or *above resistance (for sell)*.
### *📌 Strategy 2: Hammer Candle + RSI Oversold*
🔹 Find a *hammer candle near a key support zone*.
🔹 Check if *RSI is below 30 (oversold zone)*.
🔹 Enter a *buy trade* when the next candle confirms the reversal.
### *📌 Strategy 3: Marubozu Breakout*
🔹 Find a *marubozu candle breaking a key level*.
🔹 Enter in the *direction of the breakout* after confirmation.
🔹 Place a *stop-loss below the breakout candle*.
---
# *Final Thoughts – Mastering Candlestick Patterns for Profitable Trading*
Candlestick patterns are an *essential tool for traders* to analyze price action effectively. However, *using them in combination with volume, support & resistance, and technical indicators will increase accuracy*.
📌 *Key Takeaways:*
✔ *Master single, double, and multi-candlestick patterns.*
✔ *Use them with support, resistance, and trendlines for best results.*
✔ *Avoid common mistakes like overtrading or ignoring confirmation.*
✔ *Follow price action and volume to validate trade setups.*
By understanding *candlestick psychology, traders can **predict market movements and improve profitability*.
---
🔹 *Disclaimer: This content is for educational purposes only. *SkyTradingZone is not SEBI registered and does not provide financial or investment advice. Please conduct your own research before making any trading decisions.
Candlesticks PattensCandlesticks Pattens - Part -1
*SkyTradingZone* is your go-to source for educational content on trading, covering market insights, strategies, and in-depth analysis. Our goal is to empower traders with knowledge to navigate the markets effectively.
---
# *Candlestick Patterns: The Key to Understanding Market Psychology*
Candlestick charts are one of the most *powerful tools in trading, providing valuable insights into **market sentiment, reversals, and continuation patterns. They help traders make informed decisions by visualizing **price action* in a structured way.
---
## * Understanding Candlestick Basics*
A candlestick represents *price movement within a specific time frame* (e.g., 1 minute, 5 minutes, 1 hour, 1 day). Each candle contains *four key price points*:
📌 *Open* – The price at which the candle starts.
📌 *High* – The highest price reached during the time frame.
📌 *Low* – The lowest price reached during the time frame.
📌 *Close* – The price at which the candle ends.
### *Candlestick Structure:*
A *bullish (green)* candle forms when the closing price is higher than the opening price.
A *bearish (red)* candle forms when the closing price is lower than the opening price.
🕯 *Wicks (Shadows):* The thin lines above and below the candle body indicate the highest and lowest prices reached during that period.
---
## * Types of Candlestick Patterns*
### *📍 Single Candlestick Patterns*
These patterns consist of a *single candle* and indicate potential reversals or continuations.
✅ *Hammer (Bullish Reversal)*
- A small body with a long lower wick.
- Appears after a downtrend.
- Signals strong *buying pressure*.
✅ *Shooting Star (Bearish Reversal)*
- A small body with a long upper wick.
- Appears after an uptrend.
- Indicates *selling pressure* from institutions.
✅ *Doji (Indecision Candle)*
- Open and close prices are almost the same.
- Indicates *market indecision* and possible reversal.
✅ *Marubozu (Strong Trend Candle)*
- No wicks, just a full body.
- *Bullish Marubozu* → Strong buying pressure.
- *Bearish Marubozu* → Strong selling pressure.
---
### *📍 Double Candlestick Patterns*
These patterns involve *two candles* and suggest trend continuation or reversal.
✅ *Bullish Engulfing (Strong Uptrend Signal)*
- A small *red* candle followed by a large *green* candle.
- The green candle *completely engulfs* the red one.
- Indicates *buying pressure* and a potential reversal.
✅ *Bearish Engulfing (Strong Downtrend Signal)*
- A small *green* candle followed by a large *red* candle.
- The red candle *engulfs the previous green one*.
- Signals *strong selling pressure*.
✅ *Tweezer Bottom (Bullish Reversal)*
- Two candles with the *same low price*.
- Suggests *strong support* and buying interest.
✅ *Tweezer Top (Bearish Reversal)*
- Two candles with the *same high price*.
- Indicates *resistance* and selling pressure.
---
### *📍 Multi-Candlestick Patterns*
These patterns involve *three or more candles* and provide strong trade signals.
✅ *Morning Star (Bullish Reversal)*
- A *red candle, followed by a **small indecisive candle, and then a **big green candle*.
- Shows *trend reversal from bearish to bullish*.
✅ *Evening Star (Bearish Reversal)*
- A *green candle, followed by a **small indecisive candle, and then a **big red candle*.
- Indicates a *trend reversal from bullish to bearish*.
✅ *Three White Soldiers (Bullish Continuation)*
- Three *consecutive green candles* with higher closes.
- Indicates *strong buying momentum*.
✅ *Three Black Crows (Bearish Continuation)*
- Three *consecutive red candles* with lower closes.
- Signals *strong selling pressure*.
---
## * How to Use Candlestick Patterns in Trading?*
Candlestick patterns alone *are not enough; you must **combine them with other factors* for high-probability trades.
### *🔹 Combine with Support & Resistance*
- A *bullish engulfing at support* is a strong *buy signal*.
- A *shooting star at resistance* is a strong *sell signal*.
### *🔹 Use Volume Confirmation*
- *High volume* with a reversal pattern increases its reliability.
- *Low volume* means the pattern might fail.
### *🔹 Look for Confluence with Indicators*
- *RSI Oversold + Hammer Candle = Strong Buy Signal*.
- *Bearish Engulfing + MACD Crossover = Strong Sell Signal*.
### *🔹 Trade with Trend for Best Results*
- *Bullish patterns work best in an uptrend*.
- *Bearish patterns work best in a downtrend*.
---
## * Common Mistakes Traders Make with Candlestick Patterns*
🚫 *Trading Without Confirmation* – Always wait for the next candle or volume confirmation before entering.
🚫 *Ignoring Market Context* – A single pattern doesn’t guarantee a trend reversal; check the overall trend.
🚫 *Forcing Trades* – Don’t take a trade just because you see a candlestick pattern; wait for confluence with other signals.
---
## * Best Candlestick Strategies for Profitable Trading*
### *📌 Strategy 1: Engulfing Pattern + Support/Resistance*
🔹 Identify a *strong support or resistance level*.
🔹 Wait for a *bullish engulfing pattern at support* or a *bearish engulfing at resistance*.
🔹 Enter a trade with *stop-loss below support (for buy)* or *above resistance (for sell)*.
### *📌 Strategy 2: Hammer Candle + RSI Oversold*
🔹 Find a *hammer candle near a key support zone*.
🔹 Check if *RSI is below 30 (oversold zone)*.
🔹 Enter a *buy trade* when the next candle confirms the reversal.
### *📌 Strategy 3: Marubozu Breakout*
🔹 Find a *marubozu candle breaking a key level*.
🔹 Enter in the *direction of the breakout* after confirmation.
🔹 Place a *stop-loss below the breakout candle*.
---
# *Final Thoughts – Mastering Candlestick Patterns for Profitable Trading*
Candlestick patterns are an *essential tool for traders* to analyze price action effectively. However, *using them in combination with volume, support & resistance, and technical indicators will increase accuracy*.
📌 *Key Takeaways:*
✔ *Master single, double, and multi-candlestick patterns.*
✔ *Use them with support, resistance, and trendlines for best results.*
✔ *Avoid common mistakes like overtrading or ignoring confirmation.*
✔ *Follow price action and volume to validate trade setups.*
By understanding *candlestick psychology, traders can **predict market movements and improve profitability*.
---
🔹 *Disclaimer: This content is for educational purposes only. *SkyTradingZone is not SEBI registered and does not provide financial or investment advice. Please conduct your own research before making any trading decisions.
Exide Industries Breakout & Retest | Swing Trade IdeaExide Industries has recently broken a counter trendline and is currently retesting the breakout level. The stock has also breached the mother candle, but it remains inside a parallel channel that could act as resistance. Keep an eye on how the price reacts within the channel – a breakout above could open up new opportunities, but the channel resistance may cause hesitation. Manage your risk and stay aware of the overall market structure before making a move.
Option's Trading With CandleStick Pattern's🤑💲💰💸❤#We Make Only Profit.
#HDFCBANK #BANKNIFTY #NIFTY50 #NIFTY #SENSEX #TATA
The long black candlestick is 'the mother' and the small candlestick is 'the baby'. The smaller the second candlestick, the stronger is the reversal signal. The shadows of the second candlestick do not have to be contained within the first candle's body.
Which candle is best for option trading?
Here are the top 5 candlestick patterns that traders must know:
Doji. The Doji pattern is formed when the Open Price and Close Prices are the same or almost the same, and there is Low and High Price, so the candle has nearly nobody with a lower and upper wick. ...
Hanging Man. ...
Hammer. ...
Morning Star and Evening Star.
Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price.
RBI Forex Reserve Grow is this Good or Bad ?
1st 140 Billion loss hua hai or ab 20 Billion Grow hua hai to hai to abi bhi loss mai
Gover..t abi losss mai hai
BACKTESTED PIVOT INTRADAY STARTEGY [INDIA MARKET TIMING]A Back-tested Profitable Strategy for Free!!
A PIVOT INTRADAY STRATEGY for 5 minute Time-Frame , that also explains the time condition for Indian Markets
The Timing can be changed to fit other markets, scroll down to "TIME CONDITION" to know more.
The commission is also included in the strategy .
The basic idea is when ,
1) Price crosses above ema1 ,indicated by pivot high line in green color .
2) Price crosses below ema1 ,indicated by pivot low line in red color .
3) Candle high crosses above pivot high , is the Long condition .
4) Candle low crosses below pivot low , is the Short condition .
5) Maximum Risk per trade for the intraday trade can be changed .
6) Default_qty_size is set to 60 contracts , which can be changed under settings → properties → order size .
7) ATR is used for trailing after entry, as mentioned in the inputs below.
// ═════════════════════════//
// ————————> INPUTS <————————— //
// ═════════════════════════//
Leftbars ——————————> Length of pivot highs and lows
Rightbars —————————> Length of pivot highs and lows
Price Cross Ema —————> Added condition
ATR LONG —————————> ATR stoploss trail for Long positions
ATR SHORT ————————> ATR stoploss trail for Short positions
RISK ————————————> Maximum Risk per trade for the day
The strategy was back-tested on RELIANCE ,the input values and the results are mentioned under "BACKTEST RESULTS" below .
// ═════════════════════════ //
// ————————> PROPERTIES<——————— //
// ═════════════════════════ //
Default_qty_size ————> 60 contracts , which can be changed under
Settings
↓
Properties
↓
Order size
// ═══════════════════════════════//
// ————————> TIME CONDITION <————————— //
// ═══════════════════════════════//
The time can be changed in the script , Add it → click on ' { } ' → Pine editor→ making it a copy [right top corner} → Edit the line 25 .
The Indian Markets open at 9:15am and closes at 3:30pm .
The 'time_cond' specifies the time at which Entries should happen .
"Close All" function closes all the trades at 3pm , at the open of the next candle.
To change the time to close all trades , Go to Pine Editor → Edit the line 103 .
All open trades get closed at 3pm , because some brokers don't allow you to place fresh intraday orders after 3pm .
NSE:RELIANCE
// ═══════════════════════════════════════════════ //
// ————————> BACKTEST RESULTS ( 128 CLOSED TRADES )<————————— //
// ═══════════════════════════════════════════════ //
INPUTS can be changed for better back-test results.
The strategy applied to NSE:RELIANCE ( 5 min Time-Frame and contract size 60) gives us 61% profitability , as shown below
It was tested for a period a 6 months with a Profit Factor of 1.45 , Net Profit of 21,500Rs .
Sharpe Ratio : 0.311
Sortino Ratio : 0.727
The graph has a Linear Curve with consistent profits.
The INPUTS are as follows,
1) Leftbars ————————> 3
2) Rightbars ——————— > 5
3) Price Cross Ema ———> 150
4) ATR LONG ——————> 2.7
5) ATR SHORT —————> 2.9
6) RISK —————————> 2500
7) Default qty size ——> 60
NSE:RELIANCE
Save it to favorites.
Apply it to your charts Now !!
FOLLOW US FOR MORE !
Thank me later ☺
Intraday Consolidation Breakout ExplainedOK let's get started ,
A Day Trading (Intraday) Consolidation Breakout Indication Strategy that explains time condition for Indian Markets .
The commission is also included in the strategy .
The basic idea is ,
1) Price crosses above upper band , indicated by a color change (green) is the Long condition
2) Price crosses below lower band , indicated by a color change (red) is the Short condition
3) ATR is used for trailing after entry
// ═══════════════════════════════//
// ————————> TIME CONDITION <————————— //
// ═══════════════════════════════//
The Indian Markets open at 9:15am and closes at 3:30pm.
The time_condition specifies the time at which Entries should happen .
"Close All" function closes all the trades at 2:57pm.
All open trades get closed at 2:57pm , because some brokers dont allow you to place fresh intraday orders after 3pm .
NSE:NIFTY1!
// ═══════════════════════════════════════════════ //
// ————————> BACKTEST RESULTS ( 114 CLOSED TRADES )<————————— //
// ═══════════════════════════════════════════════ //
LENGTH , MULT (factor) and ATR can be changed for better backtest results .
The strategy applied to NIFTY ( 3 min Time-Frame and contract size 5) gives us 60% profitability , as shown below
It was tested for a period a 8 months with a Profit Factor of 2.2 , avg Trade of 6000Rs profit
Sharpe Ratio : 0.67
The graph has a Linear Curve with consistent profits.
NSE:NIFTY1!
// ═════════════════════════//
// ————————> INPUTS <————————— //
// ═════════════════════════//
For the Back-Tested results :
LENGTH ————————> 30
MULT_STDEV ——————> 3
ATR TRAIL ————————> 2
Save it favorites.
Apply it to your charts Now !!
Thank me later ;)
HISTORY REPEATSThe pattern formed now in Nifty50 on 1D TF is very much similar to the pattern formed back in 2005 in first half.
But in 2005's pattern it was a little bit sideways but the current pattern is formed in strong bullish trend.
Will it form a double bottom pattern just like in 2005 and move up ?
Let's see.
This is my own analysis.
This post is for information purosely only.
WaveTalks- Nifty: Piercing Candlestick PatternWhat Is a Piercing Pattern?
-----------------------------------------------
A piercing pattern is a two candlestick price pattern that marks a potential short-term reversal from a downward trend to an upward trend. This candlestick pattern is applicable in any time frame but produces better results on a higher timeframe. The pattern includes the first session opening near the high and closing near the low with an average or larger-sized trading range. It also includes a gap down after the first session where the second session begins trading, opening near the low and closing near the high.
--------------------------------------------
Important Pattern Criteria
--------------------------------------------
The 2nd session close should cover at least half or 50% of the 1st session candlestick.
Getting 50% & above closing into the 1st session indicates- bulls have taken control of the session.
-----------------------
Stop Loss
-----------------------
Stops should be maintained below low of the candlestick in 2nd session. In current situation – 17587
--------------------------------
Critical Zone
--------------------------------
17590-17600 was discussed in last video idea published as running comment. If critical zone holds then Index has fair chances for a new all-time high once again.
-----------------------
Target
-----------------------
Target 1- 17700 & Strictly Holding Above 17700- We can expect 17790+ for another new ATH (All-Time High) as Target 2.
----------------------------------------------------------------------------------------------------
Last Video Idea Published on 16th Sep2021- WaveTalks: Nifty- On Cloud Seven
----------------------------------------------------------------------------------------------------
Late night Technical analysis talk - TCS, HCL, INFY👑 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 - explained well
👑 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.
Potential Good setup in LUPIN - 4 to 8% 👑 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 - explained well
👑 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 ☃☃☃☃
10 Star analysis on NBCC - 10% possible move 👑 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 - explained well
👑 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 ☃☃☃☃
I see ESTER giving 10% upside - See the full video👑 Drop a follow here: @Averoy_Apoorv_Analysis 👑 ----------------------- 🔥🔥 Target: 2000 Followers 🔥🔥
🔥 Strategy :
✣ Simple: On the D chart supply is now your demand zone
✣ Bullish pattern consolidation at the same levels with a good Risk to reward ratio is generated here too
✣ Where to trade, which TF to use, and how much to risk is told inside the video do see the full video :)
⌛ 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 ☃☃☃☃
HIGH AND LOW STRATEGYIN THIS VIDEO I HAVE SHOWN SOME IMPORTAND POINTS REGARDING HIGH AND LOW STRATEGY
-High / Low strategy: Key Points
-Understand the Direction of Market / Stock
-with previous Day candles High & Low
-Stock Selection: 2 to 7% work well with 52wk High/Low
-Mark Support and Resistance in a Day time
-Then check in 15 mins time frame frame
-Keep SL as days low just before the Breakout/Breakdown
-TGT can be Previous High or 52wk High and above (Use Support and Resistance)
Do's & Don't
-Preparation: After Day ends or Before Market Start in the morning
-Risk Reward Ratio: can be 1:1, 1:2 and if you are lucky then 1:3
-This Strategy works only after 10 AM and before 3:00PM
-Stick to the system for SL / TSL
-Breakout / Breakdown : Entry in the trade after Breakout / Breakdown next candle.
THIS ARE SOME SIMPLE AND IMPORTANT RULES OF USING THIS STRATEGY
WORK ON FOLLOWING PONTS WHICH I HAVE MENTIONED IN ABOVE AND TELL ME YOUR RESUTS IN THE COMMENTS BELOW ALSO DONTS FORGOT TO LIKE AND SUBSCRIBE THIS YOUTUBE CHANNEL AND ALSO SHARE THIS VIDEO WITH YOUR FRIENDS
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THANKS FOR WATCHNG.......
Nifty - Where Does It Goes Next ?Trading Strategy
Plan A
Buying strictly above 12120-12130 only for 12150-12160 / above 12160 for 12200/12250
Plan B
Selling close to 12250 with strict stops above 12275 for targets 12200 / 12150 / 12100 / 11980
Plan C
Selling close to 12080-12100 – Strict stops above 12130 for 11980 / 11750 / 11650 & lower targets in days to come
Plan D
Selling below 11980 for 11750 / 11650 & lower targets. No selling if Index holds or moves above 12000 level.