Introduction: Price trends do not usually reverse on a dime. uptrend and downtrend are typically separated by a transitional period or trading range, and trading range formation signal trading opportunities for traders. The trading range separating rising and falling price trends discussed here is a pattern known as a rectangle. This post will cover these...
#FSL Harmonic PRZ-116-121 Target 1- 194 Target 2 -214+ SL-107 CMP: 133 @ 24 March 2022
basic of fibonacci and swing wise use of fibonacci retracement
Foreword: Support and resistance levels are a critical part of trend analysis because they are used to make specific trading decisions. The fact that these levels flip roles between support and resistance can be used to determine the range of a market, trade reversals, bounces, or breakouts. These levels exist due to the influx of buyers and sellers at key...
#Reasons 1) Nifty trend still bearish as per dow theory. 2) Fibo magic no. 61.8% (17424.3) Facing strong resistance. 3) Facing Resistance trend line 4) RSI making lower high #Disclaimer:- View shared is for educational purposes only. Conduct your due diligence before making any trading/investment decisions.
Reliance has given breakout of resistance trendline on daily chart along with very good intensity of volume, also it has been closed above 20WMA (Weekly Mid Bollinger Band) in addition to this macd in weekly is about to turn positive and daily has done positive crossover few days back, which is now uptick above zero line. Possibly wave 3 of 3 can now unfold. On...
Concept of Time Cycle: #A cycle is something that influences the price movement of a financial market to move up towards a peak, and then to move down towards a trough (or low point). #It repeats that action on a fairly regular basis or exist in continuous time. #There are multiple cycles which influence the price movement of any financial market.The multiple...
Setup Contains: 1. Stop Hunt 2. HTF Point Of Interest 3. Break of Structure 4. Return To IMBALANCE FOLLOW PAFX & TRADE LIKE BANKS 💸
We witnessed an awesome planned fall in Bank Nifty, hope you all enjoyed and made money with the idea. Lets look at the Plan of Bank Nifty & Nifty My Favourite Bank Nifty first & Nifty Lets dig deep into the structure & my thought process behind it First thing First "KEEP IT SIMPLE BABY'' Model 1 ...
As you read from image description that's pretty much all there is to learn on this pattern. Thomas Bulkowski in his book "Encyclopaedia of Candlestick Charts" mentions that this pattern predicts higher prices with an 83% accuracy rate. Do you Remember Nirmala Sitaraman Candle? Yes that's three line strike which was formed after budget was announced on 1st Feb...
Several key stocks, including HDFC twins, are near or below their pre-COVID highs. In fact, Banknifty has approached the level, too. Could this be a tuning point for the market? What's your view?
Why do people take losses in trading? The reasons or mistakes behind a trader make losses. I suggest you these reasons should not be repeated. If you might have also come to cross from this reason and got losses, you can type in comment number of specific reason what you have faced. In case, you also have another reason except in this post, please or kindly...
There are lot of trading strategies which can be easily available. Whatever strategy you use, If you know how to increase the trading edge, and when to avoid the trade will help you to make money. I have taken a simple trading strategy known to most traders, but here I am going to explain how to take the trade which has more winning possibility. Strategy :...
Dear all, The above chart presents a simplicity of trading, its the heart and soul of trading, let it be a trend following system or investor or day trader or scalper -its as easy as kids ABC Let me explain my points with the simple yet powerful setup with above chart and more examples: Points to consider in every setup(conservative) - Consolidation -...
A Double Bottom is considered a bullish signal, indicating a possible reversal of the current downtrend to a new uptrend. Sometimes called an "W" formation because of the pattern it creates on the chart, the Double Bottom is one of the most frequently seen and common of the patterns. The Double Bottom is a reversal pattern of an downtrend trend in a financial...
The stock is fundamental strong and technically given multiple confirmation & entry point. The analysis given below : a) Falling Wedge: The price structure was in HL-LL and given a resistance breakout with volume. b) Inverse Head & Shoulder: After the breakout and making new high, price was consolidating in range with neckline acting as...
SAIL has marked oct top as X and then an ending diagonal, which should now be complete as prices have come back inside the wedge, wave E of wave Y is a shortest in the pattern even as it is a 'Under throw' below lower line, we can say like a fake breakdown, Now macd in hourly has turned positive along with macd in daily is converging towards north, also one...
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