The descending triangle is a pattern that leads to big explosive moves once price breaks out either side of the triangle. Here in Glaxo, the price does seem have to broken to the downside, but the candles formed in the yellow box above, do seem to suggest a fake breakdown. The formation of a Bullish Harami cross, with heavy volumes suggest more buying down...
The way Indiamart did as you can see in the last post, showing Dabur with somewhat similar conditions. It gave fakeouts and Reversed. Let's See if this performs same the way Indiamart did.
Indiamart tried to break the range twice and ultimately turned out to be doing fakeouts. Later we can see how amazing it performed. I will be sharing another post on the stock that is currently doing the same and could be a good opportunity. Check the next Post for that.
I daily make educational content videos for financial markets for swing trading
There clearly is fear in the market. In most cases, this is an excellent opportunity to start taking risks aggressively but one needs to have some sort of confirmation in order to make the most of fear. Keep trading like you generally do. Drawdowns are natural just make sure the risk is low enough. It's drawdowns like these that give excellent trade setups. So,...
This analysis comprises of both price action and smart money concept. A huge rally is waiting in SAIL, try to use it guys !!
Defensive Bet !! Defensive traders can surely try this trade
Please do not trade based on my opinions they are not set in stone. I just have high RR but poor accuracy and I am completely open about it. This is just me keeping log of the trade I took and not a trade recommendation. The previous swing high only gives me 1:5 RR which is not my ideal RR as I gun for 1:10. Let's see what happens when it hits target, I might...
I daily make educational content videos on financial markets
I daily make educational content videos on Markets The above video is based on price action analysis only
I daily make educational videos on Financial Markets Analysis done in this video is based on Price action only
I was banned because of an accidental mistake I made in my previous post which should explain my absence. After thinking a lot about my trading so far, I realized that accuracy is not something I am after but rather big home runs like these. Most traders anyway are between 40-60% so it seems like there seems to be an imaginary cap on the accuracy anyway so I...
Looks like a good Breakout and retest. Plus created a double bottom at the bottom. A good entry will be at the close of a good bullish candle.
1. Good probability of creating a head and shoulder pattern by taking a retest from the below support 2. Confluence of .618 Fib level.
Cipla was in a good sideways range and the broke above with momentum. Price then retraced towards the breakout area in a good consolidation and now broke below the consolidation. There is a good opportunity of a bullish trade if price gets back into the above consolidation, thus forming a fake break out. I would suggest to enter only if 1 Day candle closes inside...
We analyze potential stocks on daily basis for education purposes only here on LNA
I have sort listed some stocks for you guys this is all for educational purpose :)
These are potential trades given by you guys only in the comment section :) also, some are my findings Update on Bajaj finance and Reliance is given inside the video NO intraday analysis for today only swing based Nifty energy seems bullish so we took 2 stocks into consideration for that :)