Made 'W' Pattern in the weekly time frame, looks bullish if breaks w pattern also, there is trendline, if both breaks go for long.
IT Company, Making wedge pattern, Go long only if it breaks the upper trend line. this is also for our education on how wedge patterns form. you just need patience.
BankNifty Analysis: Stance - Bullish Banks were appearing pretty lousy today, the fall did not halt at 10.11 today when Nifty50 found its support. BankNifty went further down and got its rejection only at the bottom level of the ascending channel. 4mts chart link - click here We have never seen an ascending channel that works with so much perfection. Yesterday...
Happy, Healthy & Prosperous New Year2021 Last - 31235 / 15:23 Hrs/ 1st Jan2021 --------------------------------------- Trading Strategies --------------------------------------- Plan A Buy Close to 31200 (Stops - 31142)- Target 31400+ Plan B Sell Later - Below 31500 (Strict Stops - 31500 & Above) Target 31000 / 30500...
Price on Thursday rally up to 1.23082 and follow by the sharp downward move, this one causes me some money but it's fine ahaha, because if the trend really changes there is more room to trade. From the book called " Mastering Elliott wave by Glenn Neely" - The degree of the next wave must retrace 1/3% Fibonacci of the previous wave which is 1.20726 but normally...