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Pin Bar

Power of a simple TrendlineAnother Simple Technical Analysis which shows that market is easy and money can be made by doing simple things also. This Time there is a very simple TRENDLINE drawn in weekly time frame which had worked multiple times and again which has given another opportunity and made a Pin Bar candle at the support of the Trendline. It seems true that more than 80% is the Psychology (Money management , Position Sizing , Execution and other things) and only around 20% is the SETUP. Because Setup is easy but following it religiously is what a makes a person, TRADER ENTRY - can be made if it crosses this Pin Bar Candle or can be purchased at the current market price of 6.95 for aggressive trading. RISK - The Stoploss would be at the low of the same candle on closing basis or whenever it gives a closing before the trendline after crossing this pin bar's High. Reward - there is major resistance( at price - 10) which has been retested 3 time and there is a high probability that it will go again to retest that resistance. ** Stop loss and Reward has no significance if the Psychology is not strong. Do not hope and just exit at the Stop Loss level and do not greed , just exit at the reward level. **There are always a lot of opportunities in the market. #KeepLearning.
NSE:JPPOWERLong
by rohitbansal1212
1
Titan... pin bar & double top intradayTitan pin bar and double top intraday given a free fall from 2380 to 2325 During the intraday if one develops the habit of reading candlesticks and patterns than the dependency on indicator will reduce and more clear picture of movement can be seen without confusion loading of many indicators makes difficult to take action.. keep your chart clean and neat... load only needed information which makes you comfertable while trading.. views are just for EDUCATIONAL...
NSE:TITAN
by MDstockmagic
ANGEL BROKING : Excellent Risk Reward Swing Trading OpportunityNSE:ANGELBRKG has broken out of symmetrical triangle and resistance level with good amount of volume. The stock is currently at the retest level forming bullish pin bar right at this key support level. The stock can rally from the current price and looking good at CMP. Risk to Reward ratio is very good at this price. DISCLAIMER : This is not a call. The analysis shared is just for educational purpose. Please do your own analysis with proper risk management before taking your trade. Cheers! Happy Trading!
ALong
by TheAspiringTrader
DOUBLE TOP FOR BECTOR FOOD- POSSIBILITY OF SHORT TERM REVERSALBECTORFOOD has fallen to a low of 328 in March 2021 and has been Bullish since then. It has reached a High of  445 in June and has retraced from the resistance zone at 442-452 range to a low of 395. Now it has reached the resistance zone again and has made a Bearish Pin Bar that is half of the Evening Star Candle Stick Pattern. There is also a Bearish Divergence. So short term the pattern is bearish. To go long we have to wait for break of the resistance zone at 442-452 range and wait for a retest and can go long on a confirmation Bullish Candle for Targets of  502.
NSE:BECTORFOODShort
by eastwind65