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Pullback Strategy - Price Action + IndicatorsRPSG Ventures is an Indian Co in the IT sector It has witnessed unusually high trading volumes in the recent months in spurts which have been synonymous with 25% upside In the short term, we can see that the size of red candles almost decreased to a Doji and the share gave signals for a pullback from .628 level with a strong green candle. The volume during the pullback phase was very dry, showing pretty strong pent up demand. EMA 21/50 have been good supports during pullback. The level we are looking at also bounced from EMA 21. RSI is above 50 and not overbought yet. MACD also seems ready for a Bullish Crossover. It might be interesting to see if the trend is repeated with a strong green candle anytime soon. The sentiments seem bullish as of now. Note: This is just for educational purposes and not a trading advice. Please do your Due Diligence before taking any trade position. Keep Learning :)
NSE:RPSGVENTEducation
by Aayush_Rungta
Figuring out if a breakout is genuine? (EDUCATIONAL)A perfect breakout setup has : (A) Volume Expansion- Whenever a breakout happens the first thing you might want to check out is if Volumes are increasing i.e. people are getting into it or not. If there is no interest of people in that stock, that breakout might not sustain. (B) Popping out of highest traded clusters- I don't know why but people hardly use volume indicators like Volume Profile which give you an idea. Volume is plotted horizontally but in VP you get volumes plotted vertically along with the price so it becomes very easy to figure out if people are interested or not. Whenever price moves out of a highest traded zone/cluster, it indicates that either bulls or bears are back in action depending on the breakout side. (C) Bullishness in Momentum Indicators like RSI, MACD- Again these momentum indicators work well on higher timeframes like daily, weekly and tells us about the momentum and strength. Here the RSI was struggling nearly an year for breaking above 60 and this time it did so it tells us about the strength of a breakout. (D) Ideal Risk to Reward is an important factor that you definitely need to check out. For swing/positional 4R (1:4 Risk to reward) should be there and Risk should always be calculated before taking trade with position size defined! HAPPY Trading!
NSE:VSTIND
by UnknownUnicorn21160479
11
Traingle Pattern - Breakout ConfirmedFSL had been trading in a long term parallel channel and short term triangle pattern. It witnessed a breakout of Short term Triangle Pattern with good volume and this coincides the bounce from long term trend support in parallel channel. It will be interesting to see if it can reach its recent high and the targets marked in black horizontal lines in the chart itself. The RSI and MACD are also set up beautifully and the momentum seems good for some upside movement.
NSE:FSLEducation
by Aayush_Rungta
2
The only FOUR stages of a stock's lifeSTAGE 1 (ACCUMULATION): In this stage the stock consolidates in a narrow price range which usually lasts for months but in some cases years and then breaks on the higher side. STAGE 2 (ADVACVING): In this stage the stock price moves in a higher high and higher low structure. STAGE 3 (DISTRIBUTION): In this stage the stock price consolidates in a narrow range and then the price breaks on the lower side. STAGE 4 (DECLINING): In this stage the stock price moves in a lower high and lower low price pattern. The only way to make big money is to identify these stages and buy the breakout at the right time. I have also attached a diagram to show show the four stages. Please do have a look. FOLLOW me for more such content ahead.Do hit the like button if you found my content useful. Till then, HAPPY TRADING :)
NSE:RELAXOEducation
by keshevdugar
1
NDX, Dr Andrews would be proudI do not track this scrip:NASDAQ but I just wanted to take a look after the recent big gap down and it surprised me how well it seems to be following the basic pitchfork trading theory The points mentioned on the chart correspond to the following rules: (0) prices at any point will gravitate towards the median line (i) price after reaching the median line will reverse OR (ii) zoom with big candles/GAP through the median line (iii) price will reverse from the lower and upper parallel (support/resistance lines) towards the median line until it doesn't. At some point price will go outside the pitchfork's boundary lines(the prongs), at which point the trend character may be said to be changing.
NASDAQ:NDX
by NNiveshak
WHY DO MOST RETAIL TRADERS LOSE MONEY?Let us find out the reason why retailers lose money year after year To find out that let's understand the 4 stages of any stock/index. --> STAGE 1: .This is the stage where accumulation of the stock by FIIs and DIIs takes place and the price trades in a range bound structure ( as shown on the chart ) where buyers and sellers are in equilibrium. .This stage might last for many months and in some cases years. .Most of the retail traders exit because of frustration before the big movement takes place. --> STAGE 2: .This is the advancing stage that starts after the breakout from stage 1 with a good volume. .The stock is bought at every dip and it heads higher forming a HIGHER HIGH and HIGHER LOW structure .Retailers exit on fear of losing the money earned. --> STAGE 3: .This is the distribution phase of a stock where FIIs and DIIs book profits and the shares are distributed to the retail traders. --> STAGE 4: .This phase starts after breakdown from stage 3. .The stock starts it's downtrend journey and at this stage many traders try to average the stock bought and therefore increasing the overall loss. I hope this post helped you in understanding one of the few ways to get out of the trap retail traders are in and start your journey towards becoming a successful trader. Thank You for reading with patience Till then, Happy Trading :)
NSE:NIFTYEducation
by keshevdugar
4