Get started

Learntrading

Basic Chart Pattern is very effectiveHello Traders ! I ussually use basic chart pattern on my technical analysis. I think it's very useful for traders. Many trader still use it and CMT book still write and train it for many student in the world. Some chart pattern which I appreciate like as : 1/ Head and Shoulder 2/ 2 Top -2 Bottom 3/ Flag pattern 4/ Wedge Example, Gold chart (h1) as bellow, I use only 2 top-2 bottom to trade and you can see that it is very effective.
OANDA:XAUUSDEducation
by PhuThongTrader
4
Anupam Rasayan - Inverse H&S Breakout on Weekly ChartChart patterns are the most loved trading strategy among traders. There are different kind of patterns traded in stock market. One of which is inverse head and shoulder - a trend reversal pattern. Upon formation of this pattern the stock trend get reversed. Generally if the stock is in consolidation phase then this pattern is seen. Now here I have observed inverse head and shoulder pattern formation in one of the chemical manufacturing company in India named Anupam Rasayan India Ltd. On closely observing the chart, I found that the stock is in downtrend since May 2022 after making a high of 1234 and remain in downtrend till Oct 2023. Now the fresh uptrend in the stock is supported by inverted head and shoulder pattern which signifies that the stock can continue the uptrend in coming months. The targets for this stock can be found by projecting the depth of head just after the breakout which comes around 1320. Also the stop loss for this trade can be put at the depth of right shoulder which is around 990. Disclaimer: The stock shared is only for educational purpose and does not hold any buy or sell recommendations.
NSE:ANURASLong
by Vipin_Dixena
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