Plan A : Price is still below the trend line resistance and sustaining 688 - 692 will make the price to move towards 696,702. Plan B : Near by resistance 700 - 704. Price should sustain this zone to move to 710, 716 and 722. Plan C : If price shows bearish strength below 686 - 690, then price will move to 682,677, 672 and 666. Note : Understand the trend strength...
The global market indicates a neutral start. The market nature is slightly range bound to bearish. if the market rejects around (nifty 23% & banknifty 38%), we will expect a minor pullback to the previous day high. On the other hand, if the market breaks that support zone after the pullback, we expect the correction to continue.
gaps are essential in identifying tops most of time u will see a reversal comes after forming gaps
Volume Analysis Series-1. How to read volume along with price. We are covering all aspect from trading point of view.
In prior posts, we have covered some great teachings about the market and, in this post, we will elaborately cover the swing trading strategies. Let's start !! ->Definition of swing trading -: Swing trading is generally referred to as a trade carried out for a short time. Swing traders do not wait till the price action opposes their direction, they are known...
Hey everyone! 👋 This month, we have been theming our posts around the concept of building a solid trading plan. Our first post asked you to think about the kinds of factors that can predict long-term success. Our second post looked at why trading plans are so important. Both of these posts you can find linked at the end 👇 Having talked about the *what* and the...
NIFTY 50 Analysis based on Elliot Wave Theory 1) 5-April-2022 to 17-June-2022: NIFTY 50 formed a 5-wave bearish impulse wave down from 18,100 to 15,175 2) 19-June-2022 to 13-Sept-2022: NIFTY 50 formed a 5-wave bullish impulse wave up from 15,175 to 18,075 3) 18-Aug-2022 to 13-Sept-2022: Waves (4) and (5) of the 5-wave bullish impulse wave were also the...
#Nifty spot 28.09.2022 Expecting Bull candle tommorw Short term reversal above 17100 Cmp 16858
This is only for education purpose only. Please check your own analysis before you take a trade. any doubt please comment below
This is an education post of understanding some possible reasons when a correction happens _____________ Few Reasons for Nifty's Bearish Outlook (Short term) 1. Negative RSI Divergence - Price goes up and RSI goes down 2. Break of Rising Wedge Pattern 3. Break of previous swing low (17160) 4. Previous peak rejection making the 18100 as a double top 5. MACD...
This is also a converging triangle formed with one flat horizontal line on the top & an inclined line meeting at a common point as illustrated in the chart. The flat horizontal line act as a resistance for the prices & the on the inclined line the prices take support. It’s not necessary that the ascending triangle formation takes place only in the bull market,...
Hey everyone! 👋 Last week, we took a look at a hypothetical scenario, where a rich acquaintance of yours needed help deciding between two traders he's thinking about staking. This led to the question: "Who would you stake?". This post will continue right where that one left off. - After getting the contact info, you reach out to interview the two...
#Watchlist #VIPCLOTHNG (W):-CMP 36.5 Looks Good above 40 for more upsides :) #Disclaimer:-View shared is for educational purposes only. Conduct your due diligence before making any trading or investment decisions.
L.T.Foods Ltd-Cup & Handle Pattern Breakout Weekly Time Frame. Entry Zone-100/110. Expect a Target(1)150/Target(2)180.Stop Loss-85 Closing Basis. Only Education Purpose.
Forecast of Gold and Analysis for future target dates. Gold is Currently trading at 1712 levels on 1st Sept 2022 at 12am IST. What we have here is a typical formation of Elliot waves in which 5 waves are already completed and we are in process of formation of corrective ABC pattern in which wave B is likely appearing to be in completion stage. So, from here we...
FX:EURUSD Hi Everyone Its been a long time almost an year EUR/USD had been falling. We were falling in an structure of L series (mean long term wave ) and recently we have completed L5 a 0.98132. Now its time for an ABC correction structure which we represent with LC1, LC2. ( C stand for correction). Let see structure equation, 1) We are in (LC 1 >) in...
Hey everyone! 👋 In the next few posts, we'll be looking at the key elements involved in building a solid trading plan, but today, to introduce the concepts in a fun way, we will be looking at a completely hypothetical situation. - Let’s say that you’re walking down the street, and a stranger approaches you with a business proposal; he’s recently sold his...
NSE:MAXHEALTH BSE:MAXHEALTH Time Frame – Weekly Observations :- * Trading in Right-Angled Ascending Broadening Wedge pattern * ATH Breakout above 458.05 * Symmetrical Triangle BO and small range (395-345) BO done last week * Good Consolidation & Range formation going on in 320 – 458.05 range Resistance – 555 / 665 / 765 / 870 Support – 395 – 345...