Power Grid Corp is in UptrendPower Grid can make an all time high in coming few weeks, watch this stock.
Chart Patterns
PVR LongWith India recording lower cases day by day and peak of 2nd wave left far behind, entertainment stocks like PVR can show some good uptrend in coming months.
Nazara Tech - Beautiful Symmetrical Triangle SYMMETRICAL TRIANGLE
Clearest Symmetrical Triangle formation you will ever see.
Multiple rebounds from bottom and top trend lines. Trading within the pattern.
Symmetrical Triangle is a Bilateral Pattern, i.e. can go either way.
Therefore, Technical Analysis needs to be supplemented by Fundamentals to assess more likely outcome.
NCC can give good returns in coming weeks.This is a stock to watch, can go to 120 levels if it gives upward breakout.
Flag Pattern exampleThis is Just for Learning Purpose
Observation Breakout Above 445 on closing basis with Volume can take it to 550
How to spot a reversal - The story of JSWSTEEL.In this video, you would understand how to spot a reversal using multiple confirmations. How you can enter safely in a trade with an edge over the market.
Auropharma - Head and shoulderOne should always wait for the pattern to complete and take the trade at the right place.
Last time the same script bypassed the pattern and went up big ->
This time it is inverted Head and shoulder pattern ( not completely formed ) Some may take the sell trade after seeing this but it wont work on that way. One should wait for the trend line break and even wait for the retest of the breakout level before entering the trade.
Market Wizard Books.Curated Version:
These are enough for those who really want to deep dive into the world of finance.
Don't think reading only these you're able to do financial modeling things simply do fundamental as well... Company Financial statements are another thing. Going through out these books you'll able to think or relate dots in the Financial World. Foundation of stock market start with Dow theory and end up with Neural Networks.
You have to work on your way of processing the information.
RSI Divergence - Regular & HiddenThe price is moving in parallel channel as can be seen. So suppose once it reaches the lower line/ support, how to verify whether we can go long or we need to short. RSI Divergence comes handy here. We already have one confirmation that since price is moving in a channel and the lower line does seem to be support so it may bounce back.The next confirmation comes from RSI Divergence discussed below.
CASE STUDY 1 - RSI Positive Divergence
We observe a positive divergence in RSI opposite to negative/downward movement of price. In case of regular positive diveregnce ( where RSI moves upward making higher lows , opposite in direction to price's lower low movement , it is better to take a long position. Well that worked and the price bounced back.
Case Study 2 - RSI Hidden Divergence
Here as we see a positive hidden divergence where the price is making higher lows and the RSI is making lower lows. No that hidden divergence indicates " Trend Continuation ". So the price kept moving up and up and may move to the upper parallel line. The price may make a downward move once it reaches the upper line.
Please correct me if i am wrong.
Eicher motors looking weak on chatEicher motors has formed a head and shoulder pattern
Trading below 200 dema if breaks the neck line downside can be seen
NSE: PIDILITIND(1H),Using of Flag & PoleCMP- 2127.85,Looking good for Monthly Holding
Flag and Pole Pattern is seen
Strong wick Rejection is Also there
#Disclaimer:-I just shared my view for only educational purpose.
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