Power of consolidationConsolidation for long time, better it is. You just need to wait for breakout.
Chart Patterns
Common Psychological Questions Common three psychological questions explained in this video. Hope this will help you in your trading.
Dont be a BEAR or BULL be a BEBU(Mix of Both) with ART PRINCIPLEAfter KISS PRINCIPLE( Keep it simple and Straight) i am introducing ART ( Art of Riding Trends) PRINCIPLE based on riding with Trend
From last 45 days Banknifty is trading in and demand/supply and upper wedges
1st sell entry is from TOP of wedge to Demand zone acted as Exit point (and our 1st Buy Entry point)
2nd sell entry is from TOP of wedge/supply zone to Bottom of wedge acted as Exit point and (our 2nd Buy Entry point)
3rd sell entry is from supply Zone to Bottom of wedge acted as Exit point (and our 3rd Buy Entry point).
So GUYS be Smart enought to sail with the Trend with ART principle be a Artistic and Smart Trader
Banknifty OCT FUT WEEKLY Trend Analysis for 17/10/2021 to 22/10/2021
Buy Above – 38810 TGT-1 39040 TGT-2 38400 TGT-3 38600 TGT-4 38800 TGT-5 39000 ( Max Upside 40400)
Sell Below - 37530 TGT-1 37410 TGT-2 37350 TGT-3 37090 TGT-4 36830 TGT-5 36670 ( Max Downside 36250)
How Enter the Trade Before Breakout- Axis BankHi All,
Pranam,
In this video, i was explaining, how we can enter the trade before the breakout and have risk to reward favorable to us.
If you like our video, kindly like us.
Disclaimer: Kindly do your own analysis before executing the trade.
Spotting A Crash With RSI and MACD in five stepsFollowing are common things one can spot on weekly chart which happen before fall/crash of 2008 and 2020, similar thing can be found in other indices and on all time frames in chart
1. Price will continue to make higher high RSI or MACD indicators will show trend exhaustion with lower high not breaking previous high
2. Series of Negative divergence is seen on chart, look for 3 or more (RSI is leading indicator will produce more divergences compared to MACD)
3. Look for Head and Shoulders or Rising wedge or double top pattern on chart at top of trend
4. Finally Divergence line is broken out upside signaling final move started, that's exit signal 1.
5. Rsi will break line again downside and MACD crosses below signal line, that's exit signal 2.
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
Not recommended to take FnO positions based on this analysis
HOW TO CHECK RESULT IS GOOD OR BAD BEFORE ONE DAY ths is special vedio i am sharing vedio on recently result of TCS wipro and infyosis
see the vedio and apply these thing in your trading
INVERSE HEAD & SHOULDERS PATTERN... NIFTY PHARMA!Inverse head and shoulders pattern is considered a bullish reversal pattern.
A breakout of the neckline after completion of the right shoulder triggers the rally in the underlying script.
In individual scripts, the breakout can be confirmed with good volumes traded.
The share price can retrace and take support at the trendline (the resistance line now acts as support). This is the next confirmation of the bullish trend.
The distance between the head and the neckline if projected above the neckline can be considered as the target ahead.
In nifty pharma, the index has been consolidating for almost 4 months now. A clear breakout of this neckline can be seen. The index also shows a retest of the trendline and looks like the rally has started. The target should be 15550 (calculated from the height of the head to the neckline).
Happy trading!
triangle pattern breakout exampleHi traders the chart is self-explanatory for more information on physiology you can refer to google.
i took this trade personally sorry for not posting but hope you made some good money in my previous post based on channel pattern which would have made you approx 35 % within 2 weeks.
Indicator Free Analysis using Simple Price Action - A Case StudyThis is the monthly chart of BATA India. In this we can see that there was a bull run from December 2016 to March 2020. It came down slowly to form a falling wedge pattern and also a double bottom pattern from Mar 2020 to June 2021. It gave a good breakout of the falling wedge or flag pattern in July 2021 and the momentum continued.
Here we have not used any indicators and are simply following price action. According to the price action, a big resistance is at 1800 levels where the stock may halt before giving breakout.
How to trade the stock?
1. After getting a confirmation that the stock has broken out of a bullish flag pattern, we could have taken a trade at 1600 levels with a SL of 1200 and a target of 2200-2400
2. At present too, we can buy the stock between the levels of 1700-1800 with the same SL of 1200 and a target of 2400.
How was the target calculated?
The total distance covered by from the highest point of the flag ( approx rs 1800) to the lowest point of the flag (approx Rs 1200) should be calculated i.e. Rs 600. Now on giving breakout, the stock should ideally move Rs 600 from the highest point of the flag (Rs 1800). Thus the long term target comes out to be Rs 2400. However it is just a prediction. So one should give or take a standard +/- 5% deviation from the predicted target.
PS - This stock has been chosen for only an ideal case study. This is not a recommendation. The stock may or may not perform as predicted or described.
Traingle Pattern - Breakout ConfirmedFSL had been trading in a long term parallel channel and short term triangle pattern.
It witnessed a breakout of Short term Triangle Pattern with good volume and this coincides the bounce from long term trend support in parallel channel.
It will be interesting to see if it can reach its recent high and the targets marked in black horizontal lines in the chart itself.
The RSI and MACD are also set up beautifully and the momentum seems good for some upside movement.
How to trade a breakout successfully? We shall see the chart of century text & ind in the 2-hour time frame.
The script had resistance at around 820 where a double top pattern had formed.
The third time when the share price approached this resistance trendline a strong green candle was formed breaking out of the resistance.
This green candle denotes a breakout. Risky traders usually enter a trade when this breakout occurs.
The breakout can be further confirmed by the resistance trendline switching its role into a support line now.
This is where most risk-averse traders take the trade.
After taking support at the same 820 level we can see the script rallying upwards.
The targets can be marked using the Fibonacci extension.
The stop loss for this trade should be below the trendline.
Happy trading!
falling wedge pattern !bandhan bank :
a. The falling wedge pattern is a continuation pattern .
b. these patterns are formed when price bounces between two downward sloping converging trendlines .
c. with lower lows and lower highs
d. this pattern is considered as bullish chart formation ,
e. but some times can indicate both reversal and continuation patterns – it depends on where it appears in the trend.
f. trade should be taken when price breakout happens at upper resistance trendline with volume .
g. keeping lower trendline support price as stop loss
trade set up / technical shown in charts .....
TATA MOTOR FutureTata Motors Limited TATAMOTORS as on 11 Oct 2021 appears strong bullish. You can see clearly. Its shows signs of strength in the upcoming day, then this trend can continue in the next trading session as well.
Parallel Channel analysis with VWAPIn this article, we analyze NSE:GRASIM using VWAP and parallel channel.
A parallel channel consists of two parallel lines and a middle line which is equal distance from the upper and lower band of the channel. All of these three lines can work as great support and resistance as you can see in the chart.
Along with candlestick patterns I like to use VWAP to make entries for my trades (Intra / positional)
How can we use channel pattern and VWAP for confirming entries
If the price finds support at the lower band of the channel we wait till a candle closes above VWAPto make a long entry, the target can be middle line.
If the price resists at the upper band of the channel we wait till a candle closes below VWAP to make a short entry, the target can be the middle line or the lower band as per price action.
Similarly, we can use the middle line of the channel to make entries.
Now for the analysis of Grasim industries, we will use a similar approach. On daily time frame strong selling can be seen ( Candle with long wick above the small body) if price sustains below VWAP and uses it as resistance and breaks the channel from below we can expect a downward move of up to 2%.
Profit booking and SL as per emotions. (I generally use VWAP as a SL too)
views only for educational purpose
Stock Selection for swing trading for this weekStock Selection for swing trading for this week. All stock and their logic of selection is explained.
CNX-PSUBANKHello All,
PSU banks have been underperformers, however I can see a turnaround in this sector. A very beautiful VCP pattern is in formation and with a breakout of the horizontal line we may see some good rally in PSU banking stocks.
Now, what to do after knowing this? How to look for stocks in this sector which may give good returns?
Simple solution:
1) Take out the list of PSU banks.
2) Observe their charts.
3) Watch out for the one's which have already started to outperform their sectoral index i.e. CNXPSUBANK.
4) Keep a track of the stocks which are near their breakout zone or are trading at their resistance/support zones ( add them in your watchlist/ place price alerts).
5) Once you prepare a list of such stocks, read about them. See news articles related to those banks. I am sure you will find some good articles as to how their results might be.
Note: Once you find your bet do not simply put in all the capital you want to invest in one go. Enter let's say 50% of the amount you want to invest, and then if the stock behaves in your direction you may think of adding further capital. Learn Pyramiding.
I hope you will all follow this process and omit/add steps to it while filtering the stocks as per your experience/expertise.
Do reach out to me incase you have any doubt or any advise/suggestion for me:)
Happy Trading!
🔥 IGL. What You Are Getting By this view ,Tell us in comment.NSE:IGL
let's make this analysis a bit interactive.
As per this technical analysis #igl share at support if we can find reversal at this levels then igl share might fly from here.
Tell us in comment what you are getting from this view.
******whatever charts or levels sharing here are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on them. We are not SEBI registered.
USD breakoutThis analysis is done for educational purpose only. As we can see USD has given breakout on weekly charts. USD and nifty are very well connected to each other and rise in USD can lead to profit booking in Nifty. This is a temporary phase in the market, therefore, next couple of weeks we can see profit booking in Nifty. One can long USD and short Nifty to hedge.
Idea for few weeks.I'm not Technical Analysist. It may be happens in future. If you know technical analysis you can guide me.
Thank You..
The only FOUR stages of a stock's lifeSTAGE 1 (ACCUMULATION):
In this stage the stock consolidates in a narrow price range which usually lasts for months but in some cases years and then breaks on the higher side.
STAGE 2 (ADVACVING):
In this stage the stock price moves in a higher high and higher low structure.
STAGE 3 (DISTRIBUTION):
In this stage the stock price consolidates in a narrow range and then the price breaks on the lower side.
STAGE 4 (DECLINING):
In this stage the stock price moves in a lower high and lower low price pattern.
The only way to make big money is to identify these stages and buy the breakout at the right time.
I have also attached a diagram to show show the four stages. Please do have a look.
FOLLOW me for more such content ahead.Do hit the like button if you found my content useful.
Till then,
HAPPY TRADING :)
Bank Nifty - My trading SetupI always follow the KIS (Keep It Simple) principle in my trading. I simply trade what my chart says.
Bank Nifty has been trading in an upward rising channel. So, which side to choose (bullish/bearish) is self explanatory.
But, let me just put it out for you. As you may see on the chart that the upper channel line is acting as a good resistance and the lower channel line is acting as a good support. I wait for the price to touch either the upper line or the lower line. I sell CE once it takes a U turn from upper line and similarly I sell PE once it deflects from lower channel line.
The center line acts as a neutral but important zone. A reversal from this line means CE selling and a strong crossing above it means PE selling.
Trades can be taken based on how the move behaves on a 15min time frame.
But this is not a HOLY GRAIL and is not that easy as it seems. Markets are supreme and need not follow what we think or have decided. Hence, always be alert and change/cut your position accordingly and do no hesitate from taking a loss.
Disclaimer: Do not simply dive into trading acc to what has been told above, do your own due diligence, put your own brain to it and then decide your levels/positions/setup. The idea behind sharing this was to impart knowledge/perspective to look at charts and not a recommendation.
Happy Trading!! :)
