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Importance of time based stop lossNormally we see stop losses that are on the basis of price but i t is also important that we maintain a time based stop loss. Have a time period for stocks to see the performance, if it doesn't perform, sell and switch (you can always buy later!) to a better counter. In this chart we can see NSE:KANSAINER has not given any returns since years. In fact on the date of posting, we are still at levels that were seen in June 2017. This share has been range-bound and has not triggered stop losses on longer time frames, however, the price correction (for whatever reason) has costed its investors (assuming they remained invested) a lot in terms of opportunity cost. Hence, it is always advisable to have a time-based stop loss according to your system and appetite.
NSE:KANSAINER
by jatin_agarwal
What you need to become a successful trader?here we have discussed what are the important things that you will need to become a successful trader. 1. Techinical Analysis Skill: Understanding the chart behaviour; Price Volume Support and resistance Trendlines 2. Risk Capability How much money you can afford to lose on a single order, and on a single day. 3. Peace of Mind Are you having a thought that might disturb your trade making decision. You must have a calm and peaceful mind for being a successful trader. 4. Trade Managment Trade management is the skill that gives you the power to make intelligent decisions based on the analysis of which point is the best point to enter and exit from the trade.
NSE:BANKNIFTYEducation
by finnova_
2
How To Trade with Neowave Trading IdeaHello Everyone, Welcome to you all, this is an educational post in which you will learn how to trade with our neowave trading chart. For better understanding also watch the video which will be available soon. See the below image ## This is how a Neowave structure looks in which a stock price goes up and down. ##These no 12345, I called them motive waves mean trending direction. As you can see these are in diffrent colors. Each color represent a trend cycle mean for how many days this particular stocks is going up or down. See the below example ## As you can see in below examples , group of smaller cycles made bigger cycles and bigger cycles made more bigger cycles and so on Example 1 Example 2 ## But this hard to understand for ordinary eyes and neowave coding style is always differ between neowave analyst also. For one neowave analyst one trend is short and for other it can be intraday.it just there perspective. For every other person 12345 is create confusion, hard to tell how long this trend will go up. you just dont know this 12345 is short term cycle or longterm cycle. To solve this i am changing coding style ##As name represent itself its cycles s for short cycles, m for medium cycles and l for longterm cycles. see the below chart Now see the below image for another part of neowave which is called correction ## As you know every trending cycles, there comes an consolidation period in which price gives some retracement but never retraced 100 percent of previous trend. This consolidation is represent as correction in neowave. ## This correction comes in same cycles in which the cycles was trend. As you can see short cycles trend in the image, after s5 there comes a flat pattern which is labbeld as SC1, this c stand for correction.same for ther cycles. These are the list of the cycles which will be labbled in my chart. See the below chart for complete list. Now next part is important for you. These are the expected time frame for the repected cycles. If you love the post than give it a boost and keep following us for more trading idea. Thank You
NSE:NIFTYEducation
by Neowave-forecast
2
Turbo Breakout Setup: High-Probability Trades with Precision.NSE:CNXFINANCE Hello Traders, In this video, I have explained a Breakout trading setup that will generate only high-probability breakout trades, that have high success rate than another breakout. The setup is based on a pure price action structure and does not require any indicators just we are using volume as a confirmation tool. Why does this setup work? The logic is very simple let's talk about the 1st variation of this setup:- Fake Breakout as you can see in this setup most of the time the structure completes after a fake breakout. So that fake breakout means the short sellers in the correction phase trying to defend there stop loss and make prices go down but what do you think for how long they will be able to defend that zone when buyers' strength is increasing? so after that when buyers push the price a little above-failed breakout zone the price hits short sellers stop losses and include new buying at that level to push prices toward the sky. What about scenario 2nd:- NO failed breakout but horizontal range inside trend resistance line. When the trend Resistance line and horizontal line break at the same price point it invites many traders to put a limit order above that horizontal line and most of the short sellers also have put their stop loss when that zone hit the price again and start moving towards the sky. Other factors and detailed setup have been explained in the video. Any setup is useless without a pre-defined stop loss cause you need to focus on capital protection first then you can aim for profits. Always take calculated risks and use proper position sizing. This is only for educational purposes only. Always trade with stop-loss. I hope you found this idea helpful. Please like and comment. Share with Your Friends. Keep Learning, Happy Trading!
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NSE:CNXFINANCEEducation
by SANJAYPATIDAR_
9
How to Trade Camerilla Pivot Points with Live Trade exampleHow to Trade Camerilla Pivot Points with Live Trade example Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view. Please consult your Financial Advisor before making any trading decision.
NSE:NIFTY1!
by sbkurandwad77
IGL stock to take long entryLong IGL above 435 levels for the target price of 455-460 . All important levels has been marked on the charts. 5 star Trading setup analysis: 1- Star- RSI taken well support at 40 levels sharp V turn. 2- Star- Resistance BO with very strong bullish candle & trading at support level. 3-Star-- After the second BO of marked resistance area well confirmation and can play trade. 4-Star-- Stock trading within channel & trading forming bullish sign from the lower channel. 5- Star-- Stock has been crossed the 50 as well as 200 EMA. All above setup is good to go for high probability long entry with good risk to reward trade but not 100% full proof .Therefore, more important this setup can also be failed. So the stop loss need to be placed well in advance to avoid any fall in the stock market. This is for your education purpose only. Learn & trade only#.
NSE:IGLLong
by Tech_stock_trader
JNJ at the best possible place to buyJNJ has recently been through a sharp correction in its price and currently, it is trading at $160.39, so when we check the charts on the weekly timeframe we can see that the price has previously taken support from this exact point and has shot up every time, additionally the price has also tested and bounced back from the 200 EMA on the weekly timeframe and there's more to it, the price has formed somewhat of a weakish hammer candle on the weekly timeframe, thus giving my bullish conviction a triple strength. TLDR: If we check the weekly chart we will find the price taking support from an important zone, 200 EMA, and forming a hammer candle. Coming to the hourly timeframe here you can see the price is following a trend line very meticulously and thus I will be waiting for a breakout and after that I will look for a retest as shown with the ghost candles after the price retests the important zone I will switch to the 15 minute timeframe and look for a long opportunity. Hope it helps. Happy Trading.
NYSE:JNJLong
by Apex_Trading69
SUPPORT & RESISTANCE EXPLAINED IN NIFTYIn the Nifty chart, we can see that the Index was rejected multiple times along the trendline drawn and finally managed to give a breakthrough above the trendline. Now, this resistance trendline is likely to act as a support trendline. On Elliot wave analysis, the up move is currently at wave five, and we can expect a correction that will re-test the trendline. The Index should test the support zone (17650 levels) and resume its upward rally.
NSE:NIFTY
by Stock-Holmes
Morning Mantra, 30th November 2022So, yesterday was another beautiful day in the Market, where Nifty had successfully made an all time new high of 18678, along with a fresh new closing of 18618.05 Well apart from this, there is another good news, as we can now shift our support level from 17800 to 18400. Yes you've read it correctly! It's 18400. So, yes with this new support level of 18400, be stock specific, start cherry picking and enjoy the Market's momentum, as of now. Besides, at this New All Time High of Nifty, we can suggest you for reviewing your portfolio, as this is an ideal time for portfolio rebalancing as per your risk appetite. Nifty Levels 15270-15400-15580-15800  -16200-16350-16700-17300 -17800  -18100-18350    Nifty’s Previous Day Closing - 18618.05 (+55.30) Regards,  Alok Daiya
NSE:NIFTYLong
by alokdaiya
Expecting a Bullish Momentum in INTELLECTAs per the 2 Hour Chart of INTELLECT, we have witnessed the Formations of a “Bullish Harami” Pattern backed by a confirmation candle. Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein, the stock is being expected to face a resistance initially at around the levels of 808.85, 828.30, and 846.70. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 766.90, on closing basis. Closing Price (as on 02.05.22) : 788 Disclaimer: No financial information whatsoever published here, should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for Educational and Information purposes only and under no circumstances should be used for making investment decisions. Viewers must consult their personal financial advisor before making any actual investment decisions, based on information published here. Any Investor or Trader taking decisions based on any information published here, does so entirely at its own risk. Investors and Traders should bear in mind that any investment in Stock Market is subject to unpredictable market-related risks.
NSE:INTELLECTLong
by alokdaiya
How to be successful by following the foot prints of Big Banks.A Very simple way to identify the foot prints of Big banks / Institutions / Big players in trading. Why to follow the big banks ? Because they are the market leaders who decide the direction of a market, and also they never loose their position most of the time. So who will be successful ? following big players or the one who follow retailers? So hope you can find the answer - the one following the big banks / or institutions. This can be achieved by finding the Valid Supply and Demand Zones and taking trade at those Zones only. More info is given in below comments
NSE:NIFTYEducation
by VishnuDeepan
BREAK OUT TRADE'S.BREAK OUT TRADES ARE VERY FRUITFUL IF YOU CAN FIND PERFECT SUPPORT/RESISTANCE AREA'S. IN THE CHART, I SHOWN PROPER SUPPORT AND RESISTANCE AREA'S ON THE CHART OF MUTHOOT FINANCE OF DAILY TIME FRAME. IF YOU LEARN TO FIND THESE IMPORTANT AND MOST IMPORTANTLY, AFTER FINDING OUT THESE ARES YOU WILL HAVE TO ENTER INTO THAT TRADE ON BREAK OUT PRICE SO THAT YOU CAN ENJOY THE BENEFITS OF THESE HUGE BREAK OUT OF DAILY TIME FRAME. THIS POST IS JUST FOR EDUCATIONAL PURPOSE. BREAK OUT IS HAPPENDED LONG AGO, POST IS PURELY FOR EDUCATIONAL PURPOSE.
NSE:MUTHOOTFIN
by harshjain0386
Ascending Triangle Chart Pattern (Continuation Pattern)An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs, and a rising trendline to be drawn along the swing lows. The two lines form a triangle. Traders often watch for breakouts from triangle patterns. The breakout can occur to the upside or downside. Ascending triangles are often called continuation patterns since the price will typically breakout in the same direction as the trend that was in place just prior to the triangle forming. Important Points to look at - The trendlines of a triangle need to run along at least two swing highs and two swing lows. Ascending triangles are considered a continuation pattern, as the price will typically breakout of the triangle in the price direction prevailing before the triangle. Although, this won't always occur. A breakout in any direction is noteworthy. Increasing volume helps to confirm the breakout, as it shows rising interest as the price moves out of the pattern. A minimum of two swing highs and two swing lows are required to form the ascending triangle's trendlines. But, a greater number of trendline touches tends to produce more reliable trading results. Since the trendlines are converging on one another, if the price continues to move within a triangle for multiple swings the price action becomes more coiled, likely leading to a stronger eventual breakout. A triangle is a type of consolidation, and therefore volume tends to contract during an ascending triangle. As mentioned, traders look for volume to increase on a breakout, as this helps confirm the price is likely to keep heading in the breakout direction. If the price breaks out on low volume, that is a warning sign that the breakout lacks strength. This could mean the price will move back into the pattern. This is called a false breakout. $ = Liquidity
COINBASE:ETHUSDEducation
by TraderLeVeR
Single Candlestick Chart Pattern - Bullish Hammer Hammers have a small real body and a long lower shadow. Hammers occur after a price decline. The hammer candlestick shows sellers came into the market during the period but by the close the selling had been absorbed and buyers had pushed the price back to near the open. The close can be above or below the open, although the close should be near the open in order for the real body to remain small. The lower shadow should be at least two times the height of the real body. Hammer candlesticks indicate a potential price reversal to the upside. The price must start moving up following the hammer; this is called confirmation. Confirmation - Hammers are most effective when they are preceded by at least three or more declining candles. A declining candle is one which closes lower than the close of the candle before it. A hammer should look similar to a "T". This indicates the potential for a hammer candle. A hammer candlestick does not indicate a price reversal to the upside until it is confirmed. Confirmation occurs if the candle following the hammer closes above the closing price of the hammer. Ideally, this confirmation candle shows strong buying. Candlestick traders will typically look to enter long positions or exit short positions during or after the confirmation candle. For those taking new long positions, a stop loss can be placed below the low of the hammer's shadow. Hammers aren't usually used in isolation, even with confirmation. Traders typically use price or trend analysis, or technical indicators to further confirm candlestick patterns.
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BITSTAMP:ETHUSDEducation
by TraderLeVeR
36
Reversal Pattern - Three inside UpThe three inside up pattern is a bullish reversal pattern composed of a large down candle, a smaller up candle contained within the prior candle, and then another up candle that closes above the close of the second candle. These patterns are short-term in nature, and may not always result in a significant or even minor trend change. Consider using these patterns within the context of an overall trend. For example, use the three inside up during a pullback in an overall uptrend. REASON - The downtrend continues on the first candle with a large sell-off posting new lows. This discourages buyers, while sellers grow confident. The second candle opens within the prior candle's trading range. Rather than following through to the downside, it closes higher than the prior close and the current open. This price action raises a red flag, which some short-term short sellers may use an opportunity to exit. The third candle completes a bullish reversal, trapping remaining short-sellers and attracting those who are interested in establishing a long position.
Education
by TraderLeVeR
1
Symmetrical Triangular PatternThis pattern provides a good success rate. Entire trade strategy is explained in the chart with markings of levels. Note: This is the trade we have taken in past, and not a recommendation of future trades. This is just for knowledge sharing on technical analysis and chart patterns. We are sharing the previous trades as Learn and Earn initiative for free learning for all. If you benefit from our material, please donate 1% of your profits for education of poor kids. We do not charge for any material online.
NSE:PGHLEducation
by Market-Thalaivaa