SHANTIGEAR LONG TRADE SETUPStock making higher and higher low formation on weekly chart and looks like it will make new higher high soon. keep sl below latest higher low and look for new higher high in coming days.
Higherhigh
PEL POSITIONAL - LONG NSE:PEL
(FOR LEARNING PURPOSE ONLY)
1) Phase 1 (Accumulation) Completed
2) In the midst of Phase 2 (Mark up)
>> We can see expanding volume when price moves up and contracting volume when price retraces
ENTRY
BUY WHEN PRICE RETRACES BACK TO HL
TARGETS
TG1 - 1600
TG2 - 1900
AJANTA PHARMA: HIGHER HIGHS HIGHER LOWAjanta pharma during the downtrend made Lower Highs with a flat Low and thus a triangle formation.
The breakout of the triangle started the uptrend.
In an uptrend, it is following a Higher High, Higher Low formation.
During both the trends, every upmove followed by strong correction waves...
HIgher High Higher low is kind of making a parallel channel, corrective wave stopped on the lower line of the channel & moved upwards.
Next resistance level is near 1720 that would be our 1st target,
T1: 1715-1725
T2: 1850-1860
Again a range breakout and the stock is making all time highHLEGLAS a perfect multibagger stock which has started its journey and is going on to make new highs.
If you can take a little bit risk then you can buy it now on higher high because the sky is open and the acceleration is on.
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BUY: 1800, SL: 1652, T=open target
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Risk is directly proportional to Reward, high risk you take...better returns you get.
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Share with your friends and colleagues and don't forget to hit a like. Your comments are appreciable.
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Disclaimer: Do your own analysis, I don't provide any advice. This is just for educational purpose.
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-MOHIT RAJANI
TITANTitan has continued to make higher highs and higher lows respecting the daily kijun support. It could move now towards 1225-50 (where it will test a weekly trend line) if it holds 1160.
Swing Trading Analysis: BPCL (Bharat Petroleum Corporation Ltd)Note Higher high higher low formation,
breakout with good volume, retracement
after the breakout, Now Pull back process
started from here. (Stock: BPCL)
Classic Example of MACD crossoverGranules India is making HH - HL pattern. Elliot wave theory implications can clearly understood. But most important is MACD crossover. This one is classic example of MACD crossover.
Basics of Dow theory trading strategy forecasts:What is Dow theory?
The Dow theory is a financial theory that says the market is in an up-trend if one of its averages (i.e. industrial or transportation) advances above a previous important high and is accompanied or followed by a similar advance in the other average. For example, if the Dow Jones Industrial Average (DJIA) climbs to an intermediate high, the Dow Jones Transportation Average (DJTA) is expected to follow suit within a reasonable period of time.
What Is Support?
Support refers to the price level that an asset does not fall below for a period of time. An asset's support level is created by buyers entering the market whenever the asset dips to a lower price. In technical analysis, the simple support level can be charted by drawing a line along the lowest lows for the time period being considered. The support line can be flat or slanted up or down with the overall price trend. Other technical indicators and charting techniques can be used to identify more advanced versions of support.
What Is Resistance?
Resistance, or a resistance level, is the price at which the price of an asset meets pressure on its way up by the emergence of a growing number of sellers who wish to sell at that price. Resistance levels can be short-lived if new information comes to light that changes the overall market’s attitude toward the asset, or they can be long-lasting. In terms of technical analysis, the simple resistance level can be charted by drawing a line along the highest highs for the time period being considered. Resistance can be contrasted with support.
what is support become become resistance?
when price breaks the resistance and after it will be create a support that same level this situation was called by support become resistance.
what is resistance become support?
when price breaks the support and after it will be create a resistance that same level this situation was called by resistance become support.
How To Read The Support Level On Chart?
Share prices which are subject to recurrent oscillations command the attention of investors at all times.
Aiding investors make their move; it is significant for them to read the resistance level on the chart which can bring a chance for them to make a good buy when the prices are balanced to rise higher.
How To Read The Resistance Level On Chart?
In disparity, when the price enters the resistance level, the market is noticeable of traders’ combat with a pressure to sell, when the price of the stock is balanced to fall further, going by its past performance.
Hence, these two factors are important for every investor to base his entry and exit moves in the share market when these determinants go a long way in representing the direction of the price of the stock, whether it will rise or drop.
USOIL HH & HL pattern formation in 30 mins time frameUSOIL HH & HL pattern formation in 30 mins time frame
Reason for USOIL uptrend on 03/08/20 -HH & HL Pattern in 15minsReason for USOIL uptrend on 03/082020 after 6 PM HH & HL Pattern in 15 mins time frame and market went upto resistance which was drawn in chart
USOIL HH & HL pattern formation in 5 mins time frameUSOIL HH & HL pattern formation in 5 mins time frame
SBIN Long #higher high lower low#with support of 177 on positional basis we can watch long above 190 for 195/200/210/230 good risk reward on positional basis....
USOil 15 mins time frame uptrend formationUS Oil chart formed Higher High and Higher Low formation after 8 PM
Buy Only above 228 for HINDPETROHINDPETRO making higher highs and higher lows, buy only if it breaks previous high of 228-230 on daily basis with green candle. if it couldn't able to hold 200 levels at downside. we can go for shorting with a target of earlier lows.
Nifty - Opening Long in Counter Trend. Nifty Long at 9100 | Stop-loss 9000 | Target 9600
Risk Reward 1:5
Nifty moving up slowly and on the daily chart, it's making series higher highs and lower lows.
The Primary and Intermediate trend is still down.
Trading this counter-trend rally with very tight stop-loss.
IBULHSG Weekly ChartCurrently in a downtrend. Looking to form a base. It is better to be patient and wait until the trend reverses.
reversal & start of new uptrend.down channel broken and new uptrend began with higher high and higher low.
