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LTI is showing wave structure like, either larger wave A-B-C is done and now deeper retracement is possible as a wave X, or after wave 1-2-3 is done and now possibly in wave 4, where wave A-B is done and now wave C is unfolding. This stock can see good pullback towards north direction nearly above 4600 where wave C would be equal to wave A, on the way down 4000...
Hello traders 👋 how are you? As we know it is not just chart analysis or strategies that bring success in trading but there are other physical-psychological 🦾 factors also that silently act in the background and can enhance trading efficiency. In this post I have tried to throw some light on the daily schedules ⏰ that can help traders to improve their trading...
Bitcoin big picture, right now I am expecting it to hit 23k level before dropping down to 10k.. overall it's bearish and my poi for shorting is at 23k level
After breakout above 210, the stock is in a consolidation zone, with price retracement along the 21 day EMA. Expect price to move up after crossing the 270 level. Stock is in an uptrend and above key moving averages, with a strong relative strength and volume activity. Always keep your stop-loss defined before you initiate a trade. Note: This is a personal...
A lot of chaos, so now where, nifty is heading towards. I have created this thread for calculation #nifty short term view with proper SL & targets. Hope you guys do like it! calculating the move which started from 03-06-2022 On 3 min TF, W-1 got completed at around 16710, W-2 got completed at around 16763, W-3 got completed 16350 (NOTE: wave -3 always have gaps...
Hey everyone! 👋 Last time we explained some of the basics to know when it comes to understanding the Fibonacci retracement tool. If you haven’t read that post, be sure to check it out here: In this post, we are going to look at the Fibonacci extension along with a few exhibits that may help you solidify your understanding of this unique trading tool....
#Watchlist #APARINDS (W):- CMP 891.55 Looks Good For More Upsides :) #Disclaimer:- View shared is for educational purposes only. Conduct your due diligence before making any trading/investment decisions.
Setup Contains: 1. Accumulation (Asian Session) 2. Manipulation (NY Session) 3. Return To LQ Candle (Distribution) FOLLOW PAFX & TRADE LIKE BANKS 💸
Usually this wave structure forms in an impulsive sequence as wave 4 . It consists of 5 sub waves as wave-a , wave-b , wave-c, wave-d and a final setback wave-e . Each of these waves consists of three wave internal structure. Each of the waves should not break their extreme points. The final confirmation to enter the position comes when the price gets close above...
TF - Monthly - Aditya Birla capital had broken out descending trendline at 80 . But, due to supply pressure, it couldn't make a new high again. It ends up making the same high(double top). AB CAPITAL has made a monthly consolidation range of 139 - 95 As per the monthly chart, AB CAPITAL can take support from 78.05 . Three reasons to consider this level:...
nifty - the market progressing c or 3rd wave. 3rd is a longest wave so here the market breaks the previous day low then we will expect a sharp and longest correction.
Silver had broken support trendline and closed yesterday below 20 day moving average, which is clear sign of bearishness ahead. After bounce from lower end of falling channel it got rejection at upper end of falling channel, also RK's Momentum turned in sell mode, all other trend indicators like macd, rsi etc. are also suggesting same bias, According to wave...
This question has been asked before. It has been asked now. I will be asked in future. What question is that? It is nothing but, “How to select stocks to trade?” From beginners to expert traders, everybody knows stock selection is important. Especially for intraday it is very important as same stock won’t give movement daily. There are two methods. One is to...
Nifty is in consolidation phase. This may or may not lead to a bear market and let’s not discuss it as of now. I will try to analyze Nifty, on the basis of support and resistance levels and time cycles, for the next possible swing and its direction. Support and Resistance levels ------------------------------------- It can be seen on the chart that Nifty made a...
Pattern name: Bearish Engulfing Pattern Type : Bearish Reversal No. of Candles : 02 How to Identify it ? 1)There must be a preceding Uptrend. 2)A short Green candle followed by a long Red candle. 3)The Red candle should opens higher & closes lower than the Green candle. 4)The Green candle should be completely engulfed by the Red candle. Psychology...
Hey everyone! 👋 This week, we will be taking a look at the ingredients that go into creating and posting high-quality trade ideas. While many think that a good trade idea begins and ends with finding a high probability chart setup in a liquid, volatile asset, the *best* trade ideas often combine multiple disciplines - which could include macroeconomic analysis,...
Simplicity Is the Key to Success . The simpler we keep things, the more successful we will be. It's as simple as that. Therefore, Action & Reaction is very simple to understand and act. Let's move ahead. Two types of movement in the market: Consider an uptrend and, bulls are in charge. The first major move in trend is the Actionary move . when finally pause to...