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How to trade Dragonfly Candlestick ?Hello Everyone, I have tried my best to explain, How to trade Dragonfly Candlestick pattern ? Here, most imp point to consider is the Confirmation Candle ... why? 1. Market opened Gap down and was in the down trend, which broke the major Support level of 35000. 2. Now, this broken Support level would act as Resistance Level when market tries to reverse taking support of Trend Line . 3. At the same time, there was a formation of Dragonfly Candlestick indicating a Bullish move, so we should not immediately enter into trade as soon as formation of Dragonfly or Bullish Candle ...Why ? a. We have an immediate Resistance Level of 35000. b. If we enter as soon after completion of Bullish candle (Dragonfly), then our Stop Loss would be too big ... which is not good. c. Also, the Bullish movement is not confirmed yet, so we should wait for confirmation candle. 4. Here, we see Confirmation candle breaking the immediate Resistance level and closing at the 35000 level. 5. Now, if we take trade after Closing of confirmation candle then Most Imp is Stop becomes very small compared to previous entry and we can see our target is achieved. I hope you all like my teaching. Please do share your thoughts/queries into comment section. Please give a like, it motivates me to do more and do share with your friends as well.
NSE:BANKNIFTY
by kiranrshinde
How to Do Swing trading in TATACHEM✺----------------Drop a follow here: @Averoy_Apoorv_Analysis ✺ I post Good and potential trading ideas on daily basis on this page of mine :) ✺✺ Target: 1000 Followers ✺✺ Chart Type: Bullish flag type consolidation (a good one ) | Taking good support from the white supportive trendline too | A break and close on Day chart + Risk management = trade activation :) Let it Break the white line and close on a Daily basis | Potential trade taking time: 3:15 pm as of Day close candle :) ( Just my view ) ✺--------------------------- Motivational and psychological area ✺ ✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only. ✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow ✣Don't lose hope and keep grinding ✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily. ✣Focus on the process, you are here to make money not stupid decisions, and lose it all ✣No one will help you climb the mountain, few will tell the path, so follow good peoples, make good mentors and make good decisions and choices in the stock market. ✣Believe in yourself :) ✺------------------------------------ Some info-------------------------- ✺ ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼I don't take all the trades I post ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. <<<<<< Thank You Have a Nice Trading Day >>>>>>v
NSE:TATACHEMLong
by Averoy_Apoorv_Analysis
5
On verge of breakoutSMS life science has been doing quite well for some time now. After the earlier gapups formed back to back in Sept 2020 , the gaps were filled subsequently and it has been forming a type of penant. The numbers are going to be announced on 7th of june i.e tomorrow and caution should be maintained if the trade is executed. A good chance that the stock should breakout of the consolidation since april. Disclaimer : This is strictly for educational purpose and any position should be taken only after self analysis.
NSE:SMSLIFELong
by VigneshIyer
◩ Movement of BANKNIFTY #1 ◪◩ Movement of BANKNIFTY #1 ◪ 📌 I am tracking the BANKNIFTY since long back ⤼. I have found that BANKNIFTY follow the specific ⤳ pathways which is ❝ unique ❞. The pattern is clearly given on 💻 chart. 📌 The Levels are: Entry: ⬇ 35150 SL: ☢ 35950 Target: ⬊ 34900/33900/32500 ➟ Please comment ✍ your opinion, view and ask your queries in the comment ⌨ section. ➟ For more, you can check out my previous studies 😍 as well. ➟ Follow me @ tradingview for more updates. Kindly like the chart ❤ & share this analysis. Thank you ✌. Happy Trading ☺!!! Best Regards, 𝘿𝙧. 𝙎𝙝𝙖𝙢𝙧𝙖𝙟𝙖 𝙉𝙖𝙙𝙖𝙧 𝙋𝙝𝘿 𝙞𝙣 𝙏𝙚𝙘𝙝𝙣𝙤𝙡𝙤𝙜𝙮. ✬ Disclaimer ✬ -------------------------------------------------------- All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on evaluating their financial circumstances, investment objectives, risk tolerance, and liquidity needs. ---------------------------------------------------------
NSE:BANKNIFTYShort
by Profitable_Traders
15