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.
A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. 1. Symmetrical triangles occur when a security's price is consolidating in a way that generates two converging trend lines with similar slopes. 2. The breakout...
Setups are a very small part of what is necessary for a complete trading system, yet people still claim their setup conditions are their systems. When you see the setups in stock, you have an increased probability that the stock will go up. But it is through position sizing strategies & managing the ratio of risk to reward throughout the trade that produces great...
Hi guys, I have finally completed the thread on Fibonacci (Though it took longer than usual). I have tried with the best of my little knowledge to create this thread. This has everything you need to know about Fibonacci retracement and Fibonacci extension. Also, if the thread is free that doesn't mean I have compromised with the quality. All you have to do is just...
CNX Realty Testing 10 year consolidation--> Oberoi realty--> Sobha --> Godrej Proprties in 6 month cosolidation --> Phoenix Ltd --> Prestige Estate--> DLF testin 10yr levels -->
Underlying logic: 1. The market already gave 11% in the impulsive move and created a high. Obviously, the momentum was fading out. 2. If you recall my lecture on market structure, you already know that after the creation of a high, we must come down to create a new higher low. The market cannot keep making new highs without creating a higher low. 3. There was...
About Rounding Base.. The rounding bottom pattern, also known as the "saucer" or "bowl" is a longer term pattern that is usually identified using a weekly chart. Typically (62% of the time), there is an uptrend prior to the rounding bottom. Prices then begin to fall, followed by a shallow bottoming process, and then prices begin rising at a steeper grade...
Key Highlights: 1. The price has been moving in this parallel channel since 22 April and has been constantly creating Higher Highs & Higher Lows. 2. It has been trying to find the equilibrium between 15450-15900 levels. If you are a swing trader, you must wait for the price to break out or at least touch either side of this range. 3. Until and Unless the price...
Classic cup & handle formation on daily time frame , with a breakout above the neckline of 579. One should buy the stock on cmp i.e. 585 & add on dips . Maintaining a SL of 562 target for the region of 612 as a first tgt & 640 for the second tgt.
What Is a Rounding Bottom? • A rounding bottom is a chart pattern that graphically forms the shape of a "U". • Rounding bottoms are found at the end of extended downward trends and signify a reversal • It is also referred to as a saucer bottom • Ideally, volume and price will move in tandem. Parts of a Rounding Bottom: A rounding bottom chart can be divided...
trade setup 1.buy above 3350 2.keep stop loss as 3250 on weekly closing basis 3.target 3700+ short term buy technical buy based on 1. cup and handle 2. multiple timeframe price breakout 3. good volume near breakout
Multi Year Breakout !! Positional and Investment Pick !! Don't Miss at these levels. Fundamentally very Sound.
CEBBCO Weekly: Looks good for more upside above 31.0 1) 6 Yr Resistance Line BO 2) Cup & Handle BO 3) Commercial Vehicles Body Manufacturer
CDSL : Ready for Breakout after Consolidation Flag Pole Breakout Possibility Long above 1000 with SL 983