Mahindra and Mahindra Flag and Pole BreakoutA very clean Flag and Pole Breakout has happened in M&M in weekly basis.
No wick in the Breakout Candle indicates a strong hold of Buyers on such level.
Usually, such kind of breakouts give their targets very fast as price goes in Pole & Flag & then Pole pattern.
Also, Price can come below for Retest making a much more suitable entry and Great Risk to Reward Ratio.
Entry (2950), Target(3800) and SL(2650) are also drawn in charts.
SL is based on weekly sustaining basis.
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Disclaimer: It is analysis done by me for educational purpose only and is not a recommendation :-) ;-)
Educationalcontent
A Classic Breakout in HDFC BANKA classic breakout has happened in HDFC bank. It was a multiple times resistance near 1700 price range with more than one year time span.
Also, its like CUP AND HANDLE pattern breakout in weekly basis.
Price may reach upto lifetime high and pattern's target.
Price may retest upto Handle's Low below which price is negative on sustaining basis.
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Disclaimer: This is an opinion by me for educational purpose only and is not a recommendation :-) :-)
Bitcoin Looks Promising on Bullish SideBitcoin has made double bottom base at around 53000 price range.
Also in weekly time frame, coin is in consolidation to negative pattern which shows a FLAG AND POLE pattern possibility.
Other support is near to 40000 to 40600 price range.
In Monthly Time Frame it is just showing profit booking.
If price breaks above 64000 in weekly candle or sustains above 70000 (Safe Side+ breakout of flag and pole pattern) the price can reach to the levels given in chart.
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Disclaimer: Above is just my own opinion about the coin and is for educational purpose only.
Reliance Breakout and Target AnalysisReliance has already given breakout and is now retesting its support.
An early entry can be made here with a small SL of 2850 on weekly sustaining basis and target levels are shown in chart.
Also a safe entry can be made above 3050 with same SL and Same Targets.
Targets are concluded based on flag and pole pattern and range breakout pattern and lifetime high resistance.
Also, price can go below or volatile due to FED Meeting outcome next week. So, stay tuned for more insights.
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Disclaimer: These are analysis done by me for educational purpose and is not a recommendation. :-) :-)
Pattern Identification by Considering Safety in Analysis!Pattern Identification on any Timeframe!
Importance of the Factor of Safety in Projected Target To avoid the Losses!
How to identify Patterns and Project the Target on the chart!
I have selected NVDA weekly chart for Technical Analysis. Here the Head and Shoulder pattern formed on the Top. We can see the previous trend of NVDA was an Uptrend so the probability of high that trend will get reversed after the neckline breakdown and the price has given breakdown to the neckline and it went down.
I have projected the downside target by projecting the head to neckline length below the neckline. But we all know that, the things which are given in a theory doesn't work 100% all the time. So to avoid the buffer between Theory and Practical I have projected the line parallel to the neckline from the projected taregt so we should exit our position without waiting for the Theoretical projected target. This is my personal view to exit from our existing position without waiting till the end. Most of the time what happens is price reversed before our projected target. That's the reason i am sahring this Educational Idea to achieve maximum profit by considering Factor of Safety or You can exit your trade by achieving 80% - 90% of your projected profit.
If you like this Educational Idea then Comment Below!
Thank you!
lets understand support and resistance in detail support and resistance they play a truly crucial role in trading
If you want to trade like a pro, there's something you should know:
Support and resistance, they're the stars of the show!
this can be understood from the below:-
Support is like a floor, it holds prices up high,
Resistance is a ceiling, prices can't seem to fly.
When prices hit support, they tend to bounce back,
And when they reach resistance, they often lose track.
These levels are key, they're a trader's best friend,
They help you to enter, exit, and defend.
So pay attention to support and resistance, my friend,
They'll help you make profits and trade till the end!
volume confirmation along with breakouts are beautiful
Trading is a waste of time Trading is a waste of time - until you do this!
Welcome back for another exciting video, an educational video, and an eye-opening video for a lot of traders, and I have given it a very, very interesting title that is Trading a Waste of Time.
Let's find out in this short video. Recently reading a book called The Best Loser Wins.
It's written by Tom Hoggard , he goes by the name of Trader Tom on YouTube .And I urge you to check him out. There are some things that I have learned from his book and I'd like to share it with you.
The particular data is of 2019 and these brokers are all located in European Union and, by law they are required to post the failure rates , how many clients are losing money in their market in their accounts.
Out of a hundred clients, 89 clients were in a loss. And the situation is same for almost each and every broking houses.
So eventually the brokers are making money, but the clients are not.
Whenever as a beginner or even a seasoned trader, we are looking at these data and we believe that we are not in this statistical data. We are in the winning percentage in the remaining 10%, but it's not like that for the markets. We are just a statistic. Right? And even if you look at the top 10 broking forms in the world, the majority of people are in a loss.
So that really makes us ask this question. Is trading really a waste of time? Are we just wasting our time in trading? And a lot of people, it's a very fine detail and a lot of people might agree with me that, in the initial stages it's really hard to be consistent in making money, right?
And I'll discuss the reason with you because this particular reason is not discussed.
The social media of Twitter, YouTube, it has all created an image where if you're not doubling your money every month, then you are a loser in the market.
But in fact, trading is a very tough profession and it's really hard to make money and initial days protecting your money is one of the biggest tasks in surviving in the market.
Protecting yourself from ruin is one of the biggest achievements in trading.
So whenever we are starting our journey as a trader, where is our focus? What are the questions we are looking for? What are the things we are usually focused on? , we are on the internet looking for strategies, how to do scalping, how to do seing trading, how to use the indicators, the MACD and RSI, and how we can use different types of breakout indicators, right?
These are the focal points of. I remember when I started trading, these are the things I was looking for. A hundred percent strategy, no loss strategy. These are the things that I was looking for initially, but these are usually the wrong answers.
You know, in an area where 90% people are in a loss, then you need to ask yourself that.
Because it has never been easier to trade because you go back 10 to 15 years, it was not easy to trade. You had to call your broker. And now we have an online trading system where we can just buy and sell stocks at an instant, right?
That leads to high liquidity. And high liquidity usually means you can enter and. Very fast and you don't have to pay much for it. And you have all the tools available, especially a tool like Trading View, where you get each and every trading charts, indicators without paying a single penny.
So it has never ever been easier to trade. So why are we all still losing money? We are only creating brokerage for our broking firm.
This takes us to another and final topic is that in the year 2019, one Forex brokerage firm did an analysis of over 25,000 traders.
And over a span of 15 months or 16 months.
So that is a long period of time and over five crore trades were analyzed.
So it was a very big data to analyze and that would give us a clear picture.
So in that analysis it was recorded that out of hundred. , the traders were profitable in 60 of them and they lost money in 40 of them.
So this is a very good data, right? Your win, your hit ratio is very high in the total amount of trades.
So eventually the data is in your favor, but there's a small catch . When the traders are winning, they're winning 40 points.
And when they lose, they lose around 75 points. This is a recipe for disaster. This particular thing created a lot of problems for me in the initial trades during my initial career.
And this might be creating a lot of problems for people who are trading for the past one or two years in this high VIX environment because, you know, on paper, on week to week basis, you are winning And, and suddenly there's one particular day when you lose it all and that is the day when it drags your capital back to square one.
So this is the biggest reason why it's very difficult for people to manage their trades.
Cause it all comes down to how much you win when you win, and how much you lose when you lose.
This brings us to the concept of risk . right in this modern area, uh, where option selling and creating spreads and selling naked options has been a very famous thing to do for the past couple of years. That is what happens whenever you're selling options, you have a probability of one 68%.
That is a one standard deviation, right?
So out of hundred trades you are going to win in 68% of them. But what you do and how you come out of the remaining 30 trades when the situation is not going to go in your favor, that is all going to matter.
And that is the crux of thing that makes your journey as a successful trader.
Our position in the market is very, very small for the market to know that we even exist or not.
If you look at the data, if you just reverse the win and the loss points, even if you're winning only 50% of the times, then also your position is going to be in a net profit.
So that's it for the guys.
That makes this particular question really interesting. Is trading a waste of time?
You're wasting of time, or are you smart enough to realize this thing that the other traders are doing and are in a loss?
And what are you doing to improve this position and to improve your survival In this market.
So that's it for you guys. I hope I have provided some value in this video, and if you found the video helpful, don't forget to follow me @piyushrawtani Trading View. And if you have any queries, feel free to post it in the comments section.
Thank you very much and good night.