Normally 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...
Titan has formed a bearish chart pattern called Triple Top. Triple top is a bearish chart pattern which is formed in an uptrend where three tops are lying on a flat horizontal resistance line and pattern will activate only when closing below the neckline or support. Pattern will activate only below the closing 3475 marks. Triple top pattern is one the rarest...
Wave 3 seems to have been completed and now a corrective wave 4 might begin, could be a good buy zone for the next leg up, NOT A INVESTMENT ADVISE
How 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...
Long 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...
JNJ 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...
In 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....
So, 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...
As 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....
Bandhan Bank is @ support level Can go long with SL around 280, for targets 300 - 310 - 323 - 350 - 365 CMP 293.55
Swing trade opportunity to long HCL above 1010. Can Trail SL once the stock BO from the resistance area. Cautious area 1015-1020 also to be noticed. All important levels marked on the chart. This is for your educational purpose only.
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...
WEEKLY UP TREND AND Descending broadening wedge with good oscillation! Daily down trend reversal!
Nifty-Fut: Last Closed @ 14622 Crucial Support @ 14430_________14370, Yes, ANy Decline or panic Will Think for buy, Only, if mkt, Not JUmp, and DIrect panic from These level, Then only in panic we will Buy, UPSIDE HURDLE @ 14747_14770 if nifty Stay above 14770, THEN small rALLY WILL ZOME Upto___14870___14947 ON RISE, WE WILL SELL,........ #kingresearch
Gold seems to be consolidating in a triangle pattern after a big upmove in the covid time. It seems that this year i.e. 2021 it will be trading between a range of 43800 to 50000.
If it crosses above 427 and sustain for some time then Ist target - 436, 2nd target - 464 else if closes below 385 then sell for the target of 332.
Breakout post shakeout is very powerful, this one had two (highlighted in the image). Shakeout is when price falls, comes back up and closes almost equal or minutely in red in a week or one day. The Stock Broke out post that within 4 to 8 weeks ( which is important otherwise the stock is not in a strong uptrend) breaking all resistance on heavy volume. Weak buyers...