Get started

Dlink

D-Link - Textbook Symmetrical Triangle pattern NSE:DLINKINDIA D-Link has formed a textbook Symmetrical pattern that has worked out so far Although it is a bullish pattern one should wait for breakout confirmation to enter. Those who want to minimize the risk should wait for retest and may enter after confirmation. The breakout must also be validated by the volumes or else it'd be just another Fakeout. According to Fibonacci Extensions after breakout 168.70 is immediate resistance might consolidate there for a while On the downside 144.15 / 136.60 / 129 / 119.65 are support levels Company also has decent fundamentals It's long call so one can keep stop loss according to their risk appetite.
NSE:DLINKINDIALong
by sandeshprabhu85
6
How Double Bottom Pattern looks likeWhat is double bottom pattern? A double bottom pattern is a technical analysis charting pattern that describes a change in trend and a momentum reversal from prior leading price action. It describes the drop of a stock or index, a rebound, another drop to the same or similar level as the original drop, and finally another rebound. How do you trade double bottom patterns? First low – The market bounces higher and forms a swing low. At this point, it’s likely a entrancement in a downtrend. Second low – The market rejects the previous swing low. Now, there’s buying pressure, but it’s too early to tell if the market could continue higher. Break of neckline – The price broke above the Neckline (or Resistance) and it signals the buyers are in control — the market is likely to move higher. ---------------------------------- The False Break : How to trade the Double Bottom Pattern and profit from “trapped” traders Now… When you trade the Double Bottom, you must pay attention to the time and space between the lows — the larger the “gap”, the better. Why? Because when the lows are far apart, it gets the attention of more traders who could push the price higher. As the price breaks below the first low, bearish traders will short the markets and have their stops above the lows. But if the price quickly reverses higher, the short traders are “trapped”. And you can take advantage of it by going long, anticipating if the price moves higher, it’ll trigger their stops and push the market in your favour. __________ The Double Bottom Breakout Technique Here’s the thing: You don’t want to “chase” a breakout after the Double Bottom is formed because the price is likely to reverse lower. Instead, you want to see strength from the buyers before buying a breakout. Here’s how… 1) Identify a potential Double Bottom 2) Let the price to trade break above the previous swing high 3) Wait for a weak pullback to form (a series of small range candles) 4) Buy on the break of the swing high
NSE:DLINKINDIAEducation
by TRADEWITHFUN247
2
Intraday Trade: watch for swing high breakoutpullback and continuation from long term support buy above 170 in Intraday For stoploss in Intraday use 5 minute chart and see nearest support. for target use 5 min chart and fibonacci pivots as i don't keep predefined target. try to book partially and trail. Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis NOTE: For Gapup or bo before 9:20 If gapup is more than 1% from bo level than avoid completely. if less than 1% or gives bo before 9:20 than wait for first 5 minute candle and entry above 5 minute candle and revised SL below candle Low.
NSE:DLINKINDIALong
by stockkar
watch for resistance breakoutbuy above 155 in intraday and swing for swing trade wait for 15 min candle close (only for swing) and for stoploss use it according to your risk. For stoploss in Intraday use 5 minute chart and see nearest support. for target use 5 min chart and fibonacci pivots as i don't keep predefined target. try to book partially and trail. Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis NOTE: For Gapup or bo before 9:20 If gapup is more than 1% from bo level than avoid completely. if less than 1% or gives bo before 9:20 than wait for first 5 minute candle and entry above 5 minute candle and revised SL below candle Low.
NSE:DLINKINDIALong
by stockkar