Get started

Reversal

Nifty - Where is it headed?Nifty on Friday has seen a narrow range top with spot Nifty making an all time high. However, volume seems to be drying up. Does this mean SM have stopped trading and only amateurs have taken positions? Can this be a false upside break of the wedge forming? I remember the instance mentioned in Tom William's book Master the Markets looking at this instance. Well... let's not anticipate and wait for couple of hours before the show begins! Disclaimer: All investments and trading in the stock market involve risk. Any decisions to place trades in the financial markets, including trading in stock or options or other financial instruments is a personal decision that should only be made after thorough research, including a personal risk and financial assessment and the engagement of professional assistance to the extent you believe necessary. The trading strategies or related information mentioned in this article is for informational / educational purposes only.
NSE:NIFTY1!Short
by Market-Thalaivaa
1
Trade setup with fibonacci This setup is on daily timeframe. Stoploss at 0.38 level i.e. below the resistance line of pattern which should act as support now. If the 0.61 level is break the we will get the confirmation that the trend is changed. The uptrend will begin and 52 week high will be our major resistance and the target too. Because it's 52 week high it's strong resistance, so to go a little safe I will plan the target little below it. The RR ratio is not that pretty. It's 1.27. An example of price action analysis with fibonacci. This post for educational purpose only.
NSE:IDFCFIRSTBLong
by AkshayAdak
Reversal Pattern - Three inside UpThe three inside up pattern is a bullish reversal pattern composed of a large down candle, a smaller up candle contained within the prior candle, and then another up candle that closes above the close of the second candle. These patterns are short-term in nature, and may not always result in a significant or even minor trend change. Consider using these patterns within the context of an overall trend. For example, use the three inside up during a pullback in an overall uptrend. REASON - The downtrend continues on the first candle with a large sell-off posting new lows. This discourages buyers, while sellers grow confident. The second candle opens within the prior candle's trading range. Rather than following through to the downside, it closes higher than the prior close and the current open. This price action raises a red flag, which some short-term short sellers may use an opportunity to exit. The third candle completes a bullish reversal, trapping remaining short-sellers and attracting those who are interested in establishing a long position.
Education
by TraderLeVeR
1
Long HDFC Life | Buy on dips till 660 | Possible Breakout1. Around strong support zone 656-665 2. Retracement done from high to low (More than 0.618 fib level) , but currently above 0.618 fib level 3. Consolidation going from few days (possible breakout anytime) 4. MACD about to give crossover* 5. Taking support from almost an year old trendline ( starting from 12 June 2020) 5. Decent delivery percentage (around 40% on 21/ 05 /2021) TIP : BUY ON DIPS TILL 660....(eg : if you want to take 50 quantity .. take 20 then if goes down take 15 more... then 15more and so on till 660 SL - 654 FAVOURABLE RISK TO REWARD = 2:5 (for Target ->725) Feel free to share your feedback and queries.
NSE:HDFCLIFELong
by Himalaya_Sudan
Bitcoin Bulls display fatigue - A rising Wedge Pattern Trying to re-cross the 60000 "Psychological Mark", BTC bulls tried long at upper resistance line of the rising wedge. WIth strong resistance and exhaustive moves, it seems the bears might move in to play their part, soon. If there is a move below 56000, than we might see a some more downward motion towards 52400 or so. Saying this, until we see a breakdown, the bulls will still try to push up or keep the consolidation mode on. The rising wedge is made of converging trendlines connecting higher lows and higher highs. The converging part of the trendline indicates the decrease in upside momentum. Therefore, a downward breakage– a move below the lower end of the rising wedge – is considered a sign of bears moving in.
BITSTAMP:BTCUSD
by ABtrade1
Reliance Industries- Intraday 10 May 2021 As RIL formed a symmetrical triangle, Long can be executed once the trend line got broken in both RSI and the price chart in upside. And short can be executed similarly vice versa. As the stock shows good bullish trend, we can expect a long trade with a target of 1956 and 1975. Even if the stock broke the trend line downside, it will reverse soon as the RSI value will be very less. So we can enter again in Long in the mentioned Strong support zone. Kindly share your valuable feedback. Disclaimer: Please do your own research and take your trade. This view is for educational purpose only.
NSE:RELIANCELong
by natarajanshankar
Technical Analysis : RELIANCE getting ready for short... :)Reliance Chart in following leaps, Slightly in Downtrend, (from OCT2020) Head & Shoulders TOP, (Created high price- the HEAD and now the reversal action) A triangle Flag pattern, (In Daily | hourly time frames confirming traders sentiment for selling) RSI is not oversold, in higher time frames, and in lower's reaching to Oversold. Confirming, to reach oversold level, at H&S target. Or bounce back to new highs at pre-support levels. Bonus: Current price's Hype & high is also due to on past H&S at bottom Between Jan2020 and June 2020. Price reached past target now slightly in Downtrend. Traders may square off and reopen at low prices, until any positive sentiment news appears "_" Consider my work as beginner's. Hoping, analyzed, well sortoff. -VK
NSE:RELIANCEShort
by VikingVinay
Good News for Bulls In the Market- H&S pattern in US 10 YR BondsHey Guys, Fingers crossed!! I Hope this Right shoulder gets complete on monday and again Bonds may get to hell. Reversal in bonds may happen from now on if this pattern gets rightfully completed. So, Monday is a very crucial day to decide what the stock market will be going to perform in the coming week and month. Hope you all would have liked the analysis. Also see my recent analysis on Axis Bank and Berger paint as well. Do follow me on trandingview for more analysis like this.
TVC:US10YShort
by Siddharth_23
2