Heikin-ashi
Oil and Gas Sector Index Analysis, Levels and Trade ZoneHello Trades,
I shifted my focus on the Oil and Gas sector.
From Sep 21 to Sep 23, we see the price is moving around a price zone of 7710 to 8164. This zone acts as a resistance. But recently on the weekly chart we see a bullish crossover below the resistance zone and the price has entered the resistance zone.
The HA candles indicate the upward momentum in the price. From these levels the price potentially moves to the higher levels.
Also on the daily chart we see a clear uptrend.
Wait for the breakout of the 8164 level and the price will try to reclaim its recent high levels of 8668.
Thanks
Sardar Simranjit Singh Virdi
india cements can give multi year breakoutfor exit or stop loss hekinashi would be preferable as better we follow trend ,we can see how price acted in previous years and now price is over 200 dma where the bull run takes place if all time high is broken stock can move further higher
and intresting fact is damani owns around 22 - 24% and can open offer anytime and this is under valued company compared to other cement companies
& india cements current owner actually take over the company in the psat from another promoter , so this time may be damani take overs this
Analysis of Nifty Energy Weekly Chart by Heikin Ashi and Renko The energy index looks bullish on weekly charts as there are no signs of weakness.
As the Heikin Ashi chart has been making green candles also the structure of the chart is good.
The overall feel of the chart is good.
On daily charts the price is on the bottom of parallel channel and on the same pivots.
Renko is also making a green brick.
The stock may face high volatility on lower time frames. But from these levels the downside is less.
Bitcoin (BTC) Chart - Japanese Candlesticks Vs. Heikin AshiOn the left side: BTC chart with japanese candlesticks (full of noises that hinder our trading decisions).
On the right side: The same chart but with Heikin Ashi candlesticks (much cleaner and more defined which helps our trading decisions).
Heikin Ashi was developed by Munehisa Homma in the 1700s and share some characteristics with standard japanese candlestick, but differ based on the values used to create each candle. Instead of using the open, high, low, and close like japanese candlesticks, the Heikin-Ashi technique uses a modified formula based on two-period averages. This gives the chart a smoother appearance, making it easier to spots trends and reversals.
Tip: Heikin Ashi is ideal for swing trading.
3 10 Momentum trading with Heikin Ashi Idea consist of EMA 13 offset by 1
Linda 3 10 oscillator
3 10 Trend Signal
Enter Long once Linda 3 10 oscillator signal line (Red Line) crosses above zero from below
Wait for trend signal to turn green
Wait till 2 consecutive heikin ashi bullish candles closes above 13 EMA offset 1
Enter above high of second bullish heikin ashi candle
Trail your sl with13 EMA offset 1
exit as 2 consecutive bearish heikin ashi candles closes below 13 EMA offset 1
VICE VERSA for bearish trades
WIPRO - PRO+GOOD FOR A QUICK OPTION
Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
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Check these successful trades & approach on HDFC , HINDUNILEVER, INFOSYS ,, MOTHERSUMI , DLF , BRITANNIA
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ARR- Heikin Ashi Signals on CandlesThis is test a simple stress-free strategy that we can apply on Heikin Ashi charts
Simple rules
Buy - when forms Bullish candle. i.e Open=Low in Henkin Ashi candle
Sell - when forms Bearish candle i.e Open = high in Henkin Ashi candle
all other candles are Doji we can ignore/wait
The problem with Heikin Ashi's chat is I do not show actual LTP. We can't backtest this in nor Heikin Ashi charts. we need a normal candle or bar chart to get the actual price.
here I tried to fix the actual price issue for backtesting
50 EMA AND VWAP give only for reference.
Tasty ChannelAs the broader market is choppy, it's a big challenge to find outperforming stocks in such market conditions but still, I have tried to get a strong stock to trade.
Observations:
-> Bullish Heikin ashi pattern
-> RSI above 60 (Shows good strength)
-> Bullish MACD with increasing divergence
-> Healthy Channel ( Angle between 45*-30*)
-> Volume Profile: I have marked High-value node zone
Remark:
-> Its a risky trade, Risk to reward will be more than 1.25 but still it's a risky trade.
Nifty has turned negative on 15,30 & 60 mn. Heikin Ashi CandlesAfter a massive rally of 899 points in two trading sessions,
Nifty has been in overbought range for some time
RSI (30 mins.) showing a little bit of tiredness already.
CCI (30 mins.) has already give a reversal signal.
Heikin Ashi candles have given a clear Sell Signals.
One can go short keeping 11660 as a stop loss.
Confusing NIFTY: What Heikin Ashi, Ichimoku Combo Suggests ?NIFTY View in Heikin Ashi & Ichimoku perspective & different time frame.
All mentioned on Chart (time frame 4 hour)
NIFTY view as per Heikin Ashi, Ichimoku Combo. Time Frame: 1 hour
NIFTY view as per Heikin Ashi, Ichimoku Combo. Time Frame: 2 hour
Conclusion: Sell on rally , for Target: 9858, 9822, 9792 .
Once reached 9792, possibility of bounce / DN trend confirmation.
Upside restricted to 9965 level as strong Supply Zone.