A flag pattern is a trend continuation pattern, appropriately named after it’s visual similarity to a flag on a flagpole. Flag patterns can be bullish or bearish.
1. Flagpole: A line extending up from this break to the high of the flag/pennant forms the flagpole. The flagpole is the distance from the first resistance or support break to the high or low of the...
What's the difference between a running triangle and, contracting triangle?
Trick is very simple. The wave "B" is beyond the origin of wave "A" we have diagram in a chart.
Respect to the triangle a few things to remember.
1) they can only form by themselves in wave "4" , wave "B" , wave "X" and rarely wave "2" . That being the case, triangles...
Why do I prefer taking trades at 3:25 p.m.?
Most stock prices rise significantly after 3:25 or fall just before 3:25, forcing us to enter at a lower price. Second, we simply want to be as close to the closing price as possible because many intraday positions are squared off at 3:20 p.m. and the price remains somewhat volatile for the next 5 minutes. In my...
No point guessing where the market may move when we are going to have some highly volatile days ahead. (Fed, Budget, Results etc.)
1. As of now, NIFTY has Stronger Supports than Resistances.
2. 17000 is Technical + Psychological level and would be hard to break. If broken, we've important Supports at 16800/16725/16675 of which 16675 would be most important (App....
In this " Research Report " we're going to be looking at the "Flat correction". As you know, with respect to the Wave Principle, there are three types of Corrections.
1. Zigzag
2. Flat and,
3, Triangle
We're going to examine the Flat now. The first thing that's important about this pattern here is being able to identify its characteristics.
First is, its...
Hey everyone,
My previous education idea on Fibonacci Retracement got some good response. Today, I’m back with another education idea, explaining an awesome tool called ‘Pitchfork’.
Alan Andrew, the creator of Pitchfork tool, got inspiration from Roger Babson’s action reaction lines for the idea of this epic Pitchfork tool. Likewise, Roger also got inspired from...
1. Long legged Doji on DTF showing more indecision in Sellers than Buyers. Basically bears' exhaustion. Chances of uptrend are higher.
2. Closing below Friday's low of 17485 will negate the view.
3. Next major support is at 17265, the previous BO level.
4. For confirmed uptrend, we'd need a closing near or above 17650.
5. In case 18350 isn't breached and remains a...
Hello everyone,
This is my first post on trading view, so pardon if I break any protocols of writing. Do drop in constructive suggestions on both the analysis and writing. I love the feedback based improvement process.
So cutting right to the chase, I have been observing the Gold to Silver Price ratio. A fall in the ratio has often led to an upswing in silver...
Short Video Outlook on HDFC
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22nd Jan 2022
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4th July 2021 - HDFC - WaveTalks -Pattern /Patience & Penultimate Correction which was Wave 4 Triangle....
Hi all, today we are going to study about basics and usage of technical analysis. I have prepared this wholesome post so that you guys are able to understand what technical analysis is all about. I have shortened the sentences to readable points, hence, don't mind the grammar.
Learning objectives:
After studying this post the student should be able to...
The stock has given a breakout of the classic cup and handle pattern on weekly time frame. Today the volumes were also good.
Buy positionally above 365 level for a short term target of 385 and mid term target of 440.
Kindly buy as per your risk management.
Learn & earn,
Dr. Tanya Kumar
BankNifty opened flat and we saw huge volatility in the morning due to HDFCBank as expected. BankNifty lost all morning gains and closed in the red.
Trades we took today -
> Bought BankNifty 38300 CE at 370 which went above our Last Target 510 but due to fast movement, only a few Traders could take this Trade
> Bought BankNifty 38600 PE at 430 which made a high...
Here is a stock with good cash flows and EPS.
RVNL made its previous all time high in January '21. Then, it went for a healthy correction at the end of the month. Getting retraced from the golden level of Fibonacci, then it consolidated till the 3rd quarter of the year. It skyrocketed to the new high at 44.80 in mid October.
In this situation, I drew the...
It looks like mother Sumi has completed the 4th wave correction, and the ending point of the corrective wave (4) is the starting point of wave (5).
Wave (4) is occurring in double three corrections.
A "double three" consists of two corrective patterns, the first labeled W, and the second label Y, separated by a corrective pattern
on the opposite side, which is...
Brent oil sees further downside after confirming short-term rising wedge bearish chart pattern the last week. However, oil traders turn cautious ahead of today’s OPEC+ JTC meeting and monthly print of the US ISM Manufacturing PMI. That said, a five-week-old horizontal area and 200-SMA, respectively around $77.20-76.80 and $76.25, restrict the immediate downside of...
Let's talk about each waves of Triple Zigzag:
Wave W (5-3-5) impulsive: ((a)) = ((b)) at 17709 which is close actual low 17613. Its a sharp zigzag.
Wave 1X corrective: Wave ((b)) 3-3-5, Running Correction which is little complex.
Wave Y (5-3-5) sharp: ((a)) = 0.786 ((b)) at 16824 which, is very near actual low as 16782
Our first question is, What is the...
NSE:HDFCBANK
Observations:
1) On 1 day time frame, it closed just above 10DMA and still trading below 200DMA.
Please refer below chart : 1 day Time Frame.
2) Also on daily time frame, it made doji candle.
If it trades above today's high then it will be quick buy trade.
And if it trades below today's low then it will be quick short.
Please refer...
GBPUSD bulls fail to cheer a clear upside break of the monthly horizontal resistance, now support, as the 50-DMA challenges immediate upside. Given the easing bearish bias of MACD and firmer RSI, the prices are likely to extend the corrective pullback beyond the 50-DMA level surrounding 1.3450. However, a broad bearish trend established since June remains intact...
![HDFCBANK: Simple Trade Setup | HDFCBANK | 29-12-2021 [INTRADAY]](https://s3.tradingview.com/y/yXrslIr4_mid.png "Simple Trade Setup | HDFCBANK | 29-12-2021 [INTRADAY]")
