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Hammercandle

Playing Trend Linetrend line always gives you best risk to reword if made good entry on 17march national aluminum given a good technical trade setup where price is over trend line and made hammer on trend line with conformation of same time hammer on 50days moving average and also here is a support level of 114 (drown red horizontal line) chart already explaining every thing it self Trend Line :- Trendlines indicate the best fit of some data using a single line or curve. A single trendline can be applied to a chart to give a clearer picture of the trend. Trendlines can be applied to the highs and the lows to create a channel. The time period being analyzed and the exact points used to create a trendline vary from trader to trader.
NSE:NATIONALUMLong
by ProfitPicks
1
Price Action Analysis with Candlesticks(Part-1) Price is the cumulative result of all market information. Hence, technical analysts use price charts and chart patterns in their market study. candlesticks have become the most popular chart type for price action analysis. we have 3 methods to identify price action with candlesticks. 1.One Price Bar (Pin Bar) 2.Two Price Bars (Inside and Outside Bar) 3. Three Price Bars (MS and ES) In this post we discussed about One Price Bar only. we can post Remaining 2 concepts later.
NSE:BANKNIFTY
by SriTrader5121
2
Picture Abhi Baki Hai...This is Daily time frame. IRCTC went in consolidation after a big rally. For last three months it is in consolidation. It form this triangle pattern while consolidating. When the range became narrow, it gave good breakout with thick green candle with good volume. Then it retraced and retested the resistance line and now acting as support. Yesterday it form a hammer candle indicating a rejection to go downwards. When it will break 876.60 level, the high of breakout candle, then we will get confirmation that breakout is successful.
NSE:IRCTCLong
by AkshayAdak
2