gold went more messier last month and now we are almost good for the up wave to come. Before the up wave we can see the 1740 level once more and this is where you should get into buy and personally i would like to hold a small lot size till 1900 level.
all we need is a confirmation for the buy setup and that may happen this week
EXPLANATION : This is a 15 min time frame chart of EURGBP . It has formed Descending triangle pattern , after seeing this formation I take it early entry and Sl kissed me . Price moves in opposite direction of my Analysis , Now what can I do ?? Respect your SL , No revenge trading , No over trading , Find another opportunity , No gambling . This all things keep in...
Date - 09-08-2021
Open flat on Friday but not abled to Breach any upper or lower level what we discussed in Last educational session.
Formed higher Low which is little bit positive for Nifty, as per discussed in last session RSI is also major hurdel at 72 level.
Nifty formed Bearish flag in 15min which indicates some downside on...
It has been flat for years now, with a very strong range which is highlighted in the chart, if it sustains above 321, then it can give a short target of 354, after which it may rise high and higher dud to its business (not going to discuss about the business as it's a separate topic altogether).
VGUARD patterns look interesting,
We have to wait patiently for the Break Out which is 251.50 level,
Once it gives a BO it can give an amazing move upside.
> Patience is the key.
> Stock market is 10% Buying 10% selling and 80% waiting which is what successful trader/investors do.
INFY in the intra-day charts gives a “COIL” breakout followed by a consolidation and then some follow-through rally. Consolidation of price is a common aspect once prices have moved sharply up or down, that is, travelled quite a distance within a short span of time. Psychological support and resistances are common in while numbers, which was the case here as well,...
As this post is merely for educational purpose, let the stock remain anonymous for the time being. The analysis would not only be applicable to long term charts but also to smaller time frames.
I have found two important phases of Panic Sell-off in a bear market. One in the beginning and one in the end. The former phase is good for sellers and the latter is...
I have left the above Nifty chart without proper description on purpose. Just take a look at the chart, if you can understand why those lines are drawn, its fine. If you don't then also its perfectly fine. But whats not fine was,taking trade decisions without knowing what those lines where.Do you think complex systems are better than simple trading...