Page 6 | Patterns — Trading Ideas on TradingView

TataSteel : How Crazy I'm !!Another chapter in TataSteel Love Story :) Let's keep aside Tatasteel for a moment. Consider this as some very random chart of unknown scrip X, we have perfect ABCD pattern finish & even if you do with Fibs there will be very good fib formations around our expected reversal zone, RSI being oversold another reason in kitty. Usually to take a trade we look at these reasons only & then place trade when all gets valid, so I'm applying same things which are considered for random,unknown X scrip over Tatasteel here. Not an iota of change here. Why I need to post Tatasteel knowing its failure & work for Me ? i) For whatever random scrip, we apply same trade plan over n over. That's what discipline is known for ( I stopped trading F&O of tatasteel few years back, knowing My luck with it but posting to show that plan remains same forever) ii) For some scrips, some setups will never work, You need complete alternate approach - Yes it is ! ( I don't want to try something over Tatasteel, so left as it is ) iii) An alternate approach on same scrip shows Buy on Tatasteel ( Every price tick has Buyer & Seller, so I can agree with other setups 100% but can't use your trade plan bcos its not My plan, discipline again ) iv) Reason behind posting knowings its failure ? ( I have no shame in saying or sharing the info that My trades fail on Tatasteel, Everyone needs to understand failure is part of trading no matter how good you are & I know I'm not 90% or 100% winner, so I'm not ashamed of sharing failed trades, what matters is whether I followed the plan ). Here ABCD & RSI , yes I did as per the rules, so its Good trade irrespective of outcome. I believe there are few take away points from this post, Thank you ! InsiderB

M&M swing trade to 1323 coming M&M after completing a Ending diagonal in the downward impulse made the thrust up. Expected Wave could could be A completion. Entry: two part entry at 1283 and 1277 SL conservative: 1260 SL aggressive: 1271 Target: 1323 and if like part booking 1310 is a option Expected hold period minimum: 5days. Entry 1280 Average entry 1283 & 1277 SL 1260 Conservative SL Target 1 1310 Target 2 1323 Reward min 30 Reward max 43 risk 20 ROR1min 1.5 At first part book level ROR2max 2.2 At last target

Educational 19: Triangle Pattern Formations (Watch-list)It is been observed that some of the charts are forming a symmetrical triangle on the daily chart which can provide good returns in coming days. On verge of Breakout: 1. Hindpetro 2. South Indian Bank Successful Breakout: 1. Hexaware 2. SRF Regards

Educational 17: Rising Three Method- Bullish Candlestick Pattern Rising Three Method - Bullish Continuation Pattern A bullish continuation candlestick pattern that is used to predict the continuation of the current uptrend. This pattern is formed when the candlesticks meet the following characteristics: 1. The first candle in the pattern is a long White/Green candlestick within a defined uptrend. 2. A series of descending small-bodied candlesticks that trade within the range of the first candlestick. Three inside bodies also counted as consolidation period before continuation of the uptrend. 3. A long White/Green candlestick creates a new high, which indicates that buyers are back in control of the direction and the trend shall resume and go further up. I encourage you to find a chart with this pattern and share your experience to bring confidence and clarity to other traders on this pattern. I appreciate your support, Regards