In this video I talk about how we can find good buying opportunities when the markets are witnessing correction. I'm using 10,20,44 Exponential Moving Averages on my chart along with RSI(14) indicator. On the screener we are looking at stocks which have Market cap greater than 50 Billion & sorting the 3 month performance from high to low. The rationale behind this...
A high probability trade is a trade that has a greater chance of success than a regular trade. So, how can you find these high probability trades? There are a few things that you can observe to find that golden confluence of various important things such as a support level, demand zone, Fibonacci level, moving average, volume, RSI, etc. The confluence zone...
Stock tried to break out then failed. Came down. As expected with down move came big volumes. How ever the last bar ( Green Arrow ) before pullback was with highest volumes in later end of the down trend, Usually it looks bearish but it is trend reversal because market makes wont short at such lower levels. Then comes the pullback ( purple arrow ) with small...
As soon as we see a breakout on the chart we form a basis ( or have a belief ) that the stock will burst and go upside. We should not try to predict the market. Instead, we should wait and let the market tell whether the breakout is false or true. You can crosscheck with other indicators. I personally use PRICE ACTION data i.e. after breakout the upper trend line...
Nifty metal Index now at 5770 Time Cycle 1 , Based on Fibonacci extension,, Price wise the extension of 1.618% of last down swing have now extended to maturity levels,, ended this week,, Price wise the extension of 1.618% of last down swing is around 5971 levels,, still 2 to 3% move is pending.. So price and time squaring around the same point in trend,, when ever...
indusindbk : 981 trade set up: 1. buy above 1062 2. keep stop loss as 908 on closing basis 3. short term targets 1130/1366/ long term targets 1598/1783/2000+ technical buy setup : 1. symmetrical triangle pattern 2. trendline 3. breakout concept. note : stock is trading more than 52weeks on lower trendline support , forming consistent month on month higher...
Falling wedge pattern ( black lines ) breakout. The falling wedge pattern is interpreted as both a bullish continuation and bullish reversal pattern which gives rise to some confusion in the identification of the pattern. Both scenarios contain different market conditions which must be taken into consideration. The differentiating factor that separates the...
Positional Pick !! The Daily is completely bullish and now the stock is breaking out on Weekly Chart. Good fundamentals. Keep Accummulating.
Hello traders, MANINDS gave a perfect monthly TL BO and is to longterm resistance, can be a good swing/positional pick above 163 for safe traders, risky traders can enter as daily closing done above 1 small resistance and also above long term TL. rest details and reasons to take entry given in the chart. check my other ideas to get to know about all the successful...
Analysis mentioned over chart.
I had previously given DLF for an entry above 313 for a target of 330. The target was well achieved. Now if you see 23rd July candle, it has managed to close above previous high of March with a hammer candle and good volumes. On a monthly chart the stock has not been able to give a good closing above 326 since November 2010. So if you see all the signs, the stock...
Zensartech has shown some beautiful indications of long-term bullishness, usually, these types of breakouts sustain for longer periods of time, have a full conviction on these types of trading setups. Do follow for more trading setups like these Thanks, if you have any queries/suggestions related to above pattern, feel free to type below in the comment section.
Kabra Extrusiontechnik Ltd is forming a cup and handle on the daily time frame. Today gave a fresh breakout. Can accumulate above 205 Wait for it to close at day high for confirmation. SL 198.90 Target 270
IBULHSGFIN has zone highlighted in yellow (251-258) which acted both as support & resistance during last 2 years. This is beauty of Price Action where role reversal happens as price moves around these zones. One should focus on identifying support & resistance zones which can come in many forms. 1. Horizontal Lines 2. Trend Lines 3. Fibonacci Levels 4. EMA /...
havells : trade set up : 1. buy with stop loss as 1010 on closing basis for targets : 1082/1133/1178/1125 + technical for buy : 1. triangle 2. breakout retest and bullish engulfing formation note : breakout has happened at upper trendline resistance and price retested the same , now moving up with good price action to reconfirm the bullish structure .
This tutorial is meant to simplify trading breakouts, avoid getting stop-probed, busting some myths and the logic behind breakout patterns. This is my first article any sort of feedback is welcome as long as it is civil.
Inverse Head and shoulders Pattern is the mirror image of head and shoulders pattern. Read about Head and Shoulder Pattern here: Inverse H&S Pattern is bullish reversal pattern. Signals the traders to enter into long position above the neckline. Volume play a major role in both H&S and Inverse H&S Patterns. Usually the spike in volume on breakout is...
The stock has a history of making doublt/tripple bottom and move about 600 points. It has been repeated twice. Let's see if this repeats this time as well. Currently stock is forming a base and created a double bottom pattern breakout of which is still awaited. DISC: For educational purposes only.