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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.
NSE:NIFTYEducation
by RK_Chaarts
25
NIFTY Trading Cycle - Accumulation/Markup/Distribution/Markdown Educational: According to Dow Theory, the bull markets are trade with three distinct phases, which are self-repeating. These are called the Accumulation phase, the Markup phase, and the Distribution phase. Initial 2 phases we seen 2 time repeating on the nifty's bull rally. Now we need to focus on 3rd phase which can be distribution phase after this 2 cycles. Disclaimer: Consider this post for educational purpose only. Which helps you to understand different phases of market. Not recommended to buy/sell any position by considering this post. Before taking any decision firstly take advice from your financial advisor. Thank You!
NSE:NIFTY
by TradZoo
4
Nifty View To do ATH or not to do ATH, that is the question?Nifty broke our bearish DOW theory and made a HH (higher high) than previous LH (lower high) If this bullish DOW theory has to continue, expecting a HL and then continue upwards. Cautiously Bullish view here. Though if on a broader outlook, it has not crossed high and we can consider today's high as Lower high compared to yesterday's High. So, on broader view, it is still making LH and we may expect a LL and for trading that move we must see a breakdown of 15690 (HL level) Today's high is also 78% retracement of yesterday's dip (which could also be wave B).
NSE:NIFTYShort
by NeelamN
HGINFRA: DOW Theory UptrendNSE:HGINFRA Current Market Price : 358.45 Accumulate Between 378.40 to 353.50 Target 1 : 400, Target 2 : 500, Target 3 : 600+ Stop Loss : 310 Time Frame : Within 90 Trading sessions roughly as per Technical Analysis Principles. Logic behind this idea: Higher Highs and Higher Lows formations as per DOW Theory, It is long term Bullish Disclaimer Risk is Yours and Reward is too yours totally. This idea is being posted here by me for educational purpose only. Thank You. ...
NSE:HGINFRALong
by Kuldeep_Share
Basics of Dow theory trading strategy forecasts:What is Dow theory? The Dow theory is a financial theory that says the market is in an up-trend if one of its averages (i.e. industrial or transportation) advances above a previous important high and is accompanied or followed by a similar advance in the other average. For example, if the Dow Jones Industrial Average (DJIA) climbs to an intermediate high, the Dow Jones Transportation Average (DJTA) is expected to follow suit within a reasonable period of time. What Is Support? Support refers to the price level that an asset does not fall below for a period of time. An asset's support level is created by buyers entering the market whenever the asset dips to a lower price. In technical analysis, the simple support level can be charted by drawing a line along the lowest lows for the time period being considered. The support line can be flat or slanted up or down with the overall price trend. Other technical indicators and charting techniques can be used to identify more advanced versions of support. What Is Resistance? Resistance, or a resistance level, is the price at which the price of an asset meets pressure on its way up by the emergence of a growing number of sellers who wish to sell at that price. Resistance levels can be short-lived if new information comes to light that changes the overall market’s attitude toward the asset, or they can be long-lasting. In terms of technical analysis, the simple resistance level can be charted by drawing a line along the highest highs for the time period being considered. Resistance can be contrasted with support. what is support become become resistance? when price breaks the resistance and after it will be create a support that same level this situation was called by support become resistance. what is resistance become support? when price breaks the support and after it will be create a resistance that same level this situation was called by resistance become support. How To Read The Support Level On Chart? Share prices which are subject to recurrent oscillations command the attention of investors at all times. Aiding investors make their move; it is significant for them to read the resistance level on the chart which can bring a chance for them to make a good buy when the prices are balanced to rise higher. How To Read The Resistance Level On Chart? In disparity, when the price enters the resistance level, the market is noticeable of traders’ combat with a pressure to sell, when the price of the stock is balanced to fall further, going by its past performance. Hence, these two factors are important for every investor to base his entry and exit moves in the share market when these determinants go a long way in representing the direction of the price of the stock, whether it will rise or drop.
NSE:TCS
by Trade-Technique
24