NSE:SIYSIL 478.05 1. Strong Support zone formation between 405 to 430 2. Reversal from support with strong volume and price 3. You can consider the current pattern as a double bottom 4. Resistances near 560-600 5. Support near 440-450 #TechnicalAnalysiswithMrChartist
Definition of a Gap:- - Gap is a space left behind by a script in its price chart. - It is the area of discontinuity price in the respective script. - The reason may be anything but generally it occurs due to sudden changes in the sentiment of the market due to some events or news related to the particular script. Types of Gaps:- 1. Common Gaps - These...
Here in this video, I discuss with you a losing trade which I took today and what we can learn from it. I also share with you important things regarding gaps , and how a beginner is always trapped in reversals and why it's profitable to stay on the current side of the trend. Follow @piyushrawtani if you find this video helpful .
Hey everyone! 👋 Last week, we wrote about the "Rounding bottom" pattern. If you missed last week’s post, you can catch up here: Today we are going to cover the "Rounding top" pattern along with a few examples. Please remember this is an educational post to help all of our members better understand concepts used in trading or investing. This in no way...
Volume Analysis Series Part-3 How to read volume , How to combine volume with candle and how to read sudden volume hike before taking trade.
How Fibonacci extention and time zone works How the powerful combination of Cycles + Statistics can provide amazing RISK:REWARD ratio trade
NSE:TFCILTD BSE:TFCILTD Time Frame – Weekly Note – Sharing chart before weekly closed. So, wait for weekly closing. Observations :- * Trendline breakout and weekly 200 SMA breakout done with huge volume candle * Price trading inside the high-volume mother candle (Range 76.70 – 60.05) * Trading in symmetrical Triangle pattern breakout above 77 * Price...
Timeframe: 8h Price started to form impulsive wave C after Bajaj Finserv completed correction wave B. There is also the possibility of altering the count with W-X-Y. Wave (b) retraced 50% of wave (a), which signals intense supply pressure. If the price breaks wave (a) at 1621, traders can sell for the following targets: 1594 – 1569 – 1549 . Calculations are...
Nifty's rally from Mar '20 topped out on 18/Oct/21 at 18594 (near month futures contract) - almost a year ago. Since then we can clearly see a sideways move that has gone within the earlier range for almost a year. One can see the subdivisions tracing out a complex W-X-Y correction. The upmove from 15676 starting early Mar this year topped out last month at 18123...
NSE:HPL 95.05 1. Cup and Handle Pattern (Jun 2018 to Oct 2022) 2. Strong volume in last 3 days 3. Price is strong and upcoming level to watch 130-160 4. Support near the 70-65 level
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets...
Is Bitcoin ready for a 24K$ Pump? The above chart of Bitcoin ( BTCUSDT ) laid out the descending triangle pattern. This pattern is often regarded as a characteristic of a bearish trend . It is formed by the upper trend line that connects the highs and a horizontal trend line connecting lows converges to form a triangle. If the price action breaches the lower...
HAL continuously making new highs & in strong uptrend. The stock has taken a pause & has formed a base/ascending triangle. Perfect breakout trade candidate. Accumulate decline till 2250, that would be the SL. Once the stock breaks out of the base Move SL jsut few Rs below breakout Bar.
Hey everyone! 👋 Today we are going to share a quick write-up about the “Rounding bottom” formation, along with a few examples that may help you solidify your understanding of this chart pattern. Please remember this is an educational post to help all of our members better understand concepts used in trading or investing. This in no way promotes a particular...
Choosing wrong strike prices can lead to big losses even when our analysis is right. It's due to Theta decay. So Lets understand some basics of options strike price. There are three types of strike prices based on their moneyness. 1)ATM (At the Money) 2)OTM (Out of the Money) 3)ITM (In the Money) FOR CALL OPTIONS : Lets assume Stock ABC is trading at 150...
Basics of Trading and the areas of interest of every trader to have minimum knowledge to understand the market and its movement. Volume Based Entries Basics of Volume When the price is trending volume will be above volume moving average that will be considered as trend, when volume is too high in a session thats higher than 3x to volume moving...
#Nifty spot 18.10.2022 Dont be suprised if nifty comes around 17300-17350 in next 2-3 trading session and reverses up from these levels.. making a new highs. (Imp tip - Dont miss buy entry around 17300-17350 for 17450/17550) Strong support at 17300-17350 Cmp 17490
ACC stock was trading in Falling wedge pattern for last few days on 1h timeframe. This stock has given a reversal entry from support level and reversal target is above 2285+(up to resistance level ) In case this stock is given a breakout then take breakout entry on the resistance level so this can be extended for up to 2360+.