Jindal Steel Looks very strong on the weekly chart.
Consolidating at the moment and also near bottom area of consolidation.
If there is a bullish breakout then it will complete the handle of Cup & Handle Formation at 294.
And above 294 the momentum of Cup & Handle breakout will push its price to 350-380 region.
DISCLAIMER: I AM NOT SEBI REGISTERED. CHART...
Today's Market Rhythm :- given below...
Day :- Technically day trend is "Up", with price staying above DHEma 10210 level.
Weekly :- Technically week trend is "Sideways",with price stying below WHEma 10329 level.
Month :- Technically month trend is "Sideways", with price staying below MEma 10319 level.
When trend in all T/Fs are aligned together, holding...
*Staying below 9995, it would towards 6600- 5450 & more*
Day :- Day trand is "Down", staying bwlow DLEma 7244.
Weekly :- Week trand is "Down", staying below WLE 9720.
As this post is merely for educational purpose, let the stock remain anonymous for the time being. The analysis would not only be applicable to long term charts but also to smaller time frames.
I have found two important phases of Panic Sell-off in a bear market. One in the beginning and one in the end. The former phase is good for sellers and the latter is...
Today, as we all know D-Mart had a blockbuster opening.
Many of us couldn't get any shares alloted.
Still, we could trade once it opened.
But how do we trade such events ?
Here's how I like to do it.
It's quite close to the 'opening range breakout' strategy.
So, the rationale behind this is we know there's some huge one side momentum and we can...
One of the most ignored risk in trading is the failure of the equipment you are using to trade.
If you have traded long enough, you'll know what I'm talking about.
As day traders, when there's a lot of money involved, you shouldn't save a few bucks risking a lot.
Let me explain with this list :
Backup device : You shouldn't rely on just one mobile or...
It is been observed on the Hourly Chart that the price action forms a U shape Cup and a channel shape "Handle" in order to complete the a cup-handle pattern. Measurement is the interesting part of it as it is been respected accurately.
I hope it adds value to your trading experience.
Regards
Hi friends,
ITC results came out on Friday.
I'd go short on ITC for 3 reasons :
1. Risk Reward is much better.
2. If the news couldn't make the stock go higher intraday, makes it more probable to go down further.
3. Volumes
And also I have drawn my lines to illustrate levels which are significant according to me.
So,
as for now, I'd go short...
Hi fellow traders,
I have published a new script to assist you in trading.
As day and short term traders, we need strong movement,
hence,
to save our time and
allow us to trade only when we expect a lot of movement,
I have built this script.
Simple Rule : Trade when it enters green zone. That's it.
Avoid trading when in red zone and preferably, blue...
Hi,
After some request planned to share few TA related stuffs which could help ppl to trade successful. As the famous quote in Trading community "give a man a fish and you feed him for a day, teach a man catch fish and you feed him forever" so what i m doing is teach you fishing. sometime you will catch big fish, sometimes small fish, sometimes no fish, and...
The concept lying behind this post is how to trade with Elliot waves and use it to our advantage, with simple known techniques. Many will have doubts on how Elliot Wave count is done.It's as simple as 1-2-3, I will explain step by step. This is gonna be Learn n Practice post, so with each step mentioned, you draw & analyze along with Me, So that you can learn more...
