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Nifty View 30 May 2019Nifty Daily chart finds a confluence of 2 different bearish candlestick pattern. First the Hanging Man which formed one day prior to last, low of which was breached. This implies that there is potential in this Hanging Man pattern to work and maybe drag prices on the downside. Second, if we consider the last three candles, then an Evening Star shapes up, and its a pretty clean setup. So essentially, we are looking at two bearing pattern confluences together which can lead to some profit taking. Trigger of fresh selling will come only below yesterday's low of 11,835.
NSE:NIFTY
by Abhijit_Paul
10 Most Powerful Candlestick Patterns for Intraday10 Most Powerful Candlestick Patterns for Intraday In intraday trading, where time is money, candlestick charts are highly useful for traders. These patterns, formed by the open, high, low, and close prices within a specific time frame, offer insights into market sentiment and potential price movements. Recognizing patterns like bullish engulfing or doji candles can help traders predict short-term trends with better accuracy. When traders understand these patterns it enables them to make informed choices on when they should enter or leave positions so that they can maximize profitability and still manage risk. This article seeks to highlight 10 very powerful candlestick patterns that all intraday traders should be familiar with in order to trade effectively. 10 Powerful Candlestick Patterns for Intraday Intraday trading depends heavily on technical analysis and candlestick patterns. Here, we present 10 potent candlestick patterns that are especially effective for intraday trading: 1. Tweezer Tops and Bottoms Tweezer Tops and Bottoms are candlestick patterns where two consecutive candles have nearly identical highs (Tops) or lows (Bottoms). For Tweezer Tops, the first candle shows an uptrend, followed by a second candle with a similar high, suggesting potential resistance. Tweezer Bottoms start with a downtrend candle followed by another with a matching low, indicating possible support. These patterns signal reversal possibilities, especially when seen at market highs (Tops) or lows (Bottoms), though confirmation from subsequent price action is recommended. 2. Hammer and Hanging Man A hammer is formed at the bottom of a downtrend, having a small body and long lower wick which shows that there is a possible bullish reversal. Conversely, a Hanging Man appears at the top of an uptrend with a similar shape, suggesting a bearish reversal. Both patterns indicate that despite significant price drops during the session, buyers managed to push prices back up (Hammer) or sellers dominated despite a price rise (Hanging Man), signaling a possible shift in market sentiment. 3. Shooting Star and Inverted Hammer These candlestick patterns indicate potential reversals. The Shooting Star appears during uptrends, showing a small body and a long upper wick, suggesting a weakening upward momentum. It signals a bearish reversal if confirmed by a red candle following it. In contrast, the Inverted Hammer forms at downtrend bottoms, featuring a small body and a long lower wick, indicating a potential bullish reversal. Confirmation with a green candle afterward strengthens its signal, making it crucial to watch for trend changes near these patterns. 4. Engulfing Pattern (Bullish and Bearish) In a Bullish Engulfing Pattern, a large bullish candle fully engulfs the previous smaller bearish candle, indicating a likely upward reversal. Conversely, a Bearish Engulfing Pattern features a large bearish candle that engulfs the previous smaller bullish candle, suggesting a probable downward reversal. Traders watch for these patterns near support or resistance levels for confirmation before making trading decisions. 5. Morning Star and Evening Star The Morning Star forms with a bearish candle, followed by a small-bodied candle (indicating uncertainty), and then a bullish candle. It signifies a change in market sentiment from bullish to bearish. The Evening Star starts with a bullish candle, followed by an uncertainty candle, and ends with a bearish candle, indicating a shift from bullish to bearish sentiment. These patterns are reliable in indicating trend reversals. 6. Three White Soldiers and Three Black Crows Both these patterns are powerful signals of potential trend reversals, especially when they occur after an extended move in one direction. Three White Soldiers pattern shows three consecutive bullish candles with each opening higher and closing higher than the previous one, signaling a strong uptrend reversal. Whereas, the Three Black Crows pattern features three consecutive bearish candles where each opens higher and closes lower than the previous one, indicating a strong downtrend reversal. 7. Doji A Doji candlestick has nearly identical open and close prices, creating a cross or plus sign. It reflects market indecision, where neither buyers nor sellers dominate. Dojis often appear in a consolidation phase and can signal potential reversals or continuation of trends, depending on the surrounding candlesticks. For intraday trading, they are particularly insightful when found near support or resistance levels, as they can hint at an upcoming price movement direction. 8. Inside Bar (Harami) An Inside Bar, also known as Harami, where a smaller candle is completely within the range of the previous larger candle. It suggests indecision in the market and can signal potential reversals or continuations. Traders often watch for a breakout of the smaller candle's range as a signal of future price direction. This pattern is commonly seen during periods of consolidation, offering a clear visual cue of market uncertainty before a potential breakout or continuation of the trend. 9. Piercing Line The Piercing Line candlestick pattern forms when a bullish candle follows a bearish one. It opens below the previous day's low but closes more than halfway up the prior day's bearish candle. This suggests a potential bullish reversal, especially if accompanied by strong trading volume. Traders often interpret this pattern as a signal to consider buying positions, anticipating a shift from bearish to bullish momentum. 10. Dark Cloud Cover Finally, this pattern is a bearish pattern formed by two candles. The first candle is bullish, closing near its high. The second candle opens higher than the first candle's close but closes below the midpoint of the first candle's body. This pattern indicates a potential shift from upward momentum to downward momentum. Traders often look for this pattern near resistance levels for stronger signals. It's important to confirm the pattern with higher trading volume to validate its potential impact on price direction. Conclusion Knowing candlestick patterns can help you trade efficiently and enter the market with precision. Whether for day trading or momentum trading. These candlestick Patterns show when to buy or sell an asset to maximize the profit and mitigate the risks by placing a stop loss. Dhan is the first broker in the world to offer Options Trading from TradingView.com. Know more about this here !
INDEX:SENSEX
by Dhan
NIFTY Possibilities Compared With India VIXEven though the chart is self explanatory, I have tried to compare NSE:NIFTY with NSE:INDIAVIX Blue line is NSE:INDIAVIX Brown line is NSE:NIFTY Dashed red line is trendline support and NF breaking above that Light yellow line is support line for NSE:INDIAVIX 2 possibilities exist - 1) India Vix continues to trade below or near the support line, and we may see some price stability for NF. Before embarking on the next journey, we may inch higher or consolidate around these levels. 2) The India Vix rises again, and the price begins to fall from its current levels. Another thing I noticed unfolding on both indices charts is this - 1) NF & BNF on DTF are almost at the upper end of Bollinger Band 2) Trading above 20/50 EMA 3) Both indices have a rising window candlestick gap on DTF ( July 6th and July 7th ) - a) It is a bullish continuation candlestick pattern b) A Rising Window candlestick pattern is a 2 candlestick pattern 1) There must be an empty space between the two candlesticks in the pattern where the prices do not overlap 2) Pattern is characterised by a price gap appearing between the first candle's high and the second candle's low c) It is possible for the first of the two candlestick patterns to have a red coloured real body, however the most likely scenario is two green coloured candlesticks that make up the pattern ( this has been established with the candles formed on both indices on July 6th and July 7th ) For July 8th, from my limited knowledge, 2 possibilities exist - 1) We fill the gap on the downside and close below the high of July 6th candle. This would nullify the pattern and price may head down again as bears have taken the control during this upmove 2) We go down and close just above the high of July 6th candle without completely filling the gap. If this happens, bullish momentum for the time being should continue Let's see which way the story unfolds. Happy Trading! Disclaimer - - The view expressed here are my personal views. I am publishing this for my own records and what I see on charts. - If you're referring to this, please consider this ONLY FOR educational & research purposes. - Past performance is not a guarantee for future predictions - Any decision you take, you need to take responsibility for the same. DO NOT consider this as an investment suggestion. - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - Do your own analysis and consult your financial advisor before investing. TIA!
NSE:INDIAVIX
by nerdywasabi
ALBK - Lawyer back in courtroom-Trendline-Bottoms-Candlestick@67Lawyer is back with the bank in current case as client Previous Analysis ( Act like Lawyer) Trendline passing through 39.40--57--67.30 Basic Application of Technical Analysis - 2 points to draw a trendline & 3 points makes a valid trendline- the more bottoms you see on this line which is coming from 39.40 lows -holding this line line supports in future as well -then you conclude it is a stronger trendline unless in future t his trendline gets broken. Double Bottoms Lows in the zone 66.75 -67.30 has holded & can be a possible double bottom which is confirmed only if 92.40 highs is taken out on top but it has supported in the zone 66.75-67.30. Bullish Candlestick Pattern 3 candlestick pattern know as Morning Star can be a good sign of reversal shown in oval shape at 67.30 lows. What is a 'Morning Star' A morning star is a bullish candlestick pattern that consists of three candles. The first bar is a large red candlestick located within a defined downtrend, the second bar is a small-bodied candle (either red or green) that closes below the first red bar, and the last bar is a large green candle that opens above the middle candle and closes near the center of the first bar's body or closes above the high of 1st red candle- Extreme bullish case. We have extreme bullish case. Trading Strategy Holding 65 on downside (Below 65 as stoploss) below expected double bottom zone of 66.75-67.30 if it starts moving above 74 then buy call can be initiated by Safe Traders. Risky Traders can buy in the zone 68-70 keeping stops below 65 because going below 65 -Downside selling pressure can be seen. Bullish Pieces from the Lawyer to make a strong case. Let My Lord (Market) decide the result. Trendline Double Bottom Bullish Candlestick Pattern Target Zone Can be 92 -previous high -above 92 can be 104 & above 105 can be 115.
ALong
by WaveTalks
9
Hammer PatternHammer candlesticks typically occur after a price decline. They have a small real body and a long lower shadow. The hammer candlestick occurs when sellers enter the market during a price decline. By the time of market close, buyers absorb selling pressure and push the market price near the opening price. The close can be above or below the opening price, although the close should be near the open for the real body of the candlestick to remain small. The lower shadow should be at least two times the height of the real body. Hammer candlesticks indicate a potential price reversal to the upside. The price must start moving up following the hammer; this is called confirmation. Script = Biocon Time Frame = 1 Day
NSE:BIOCONLong
by Jainshashwat
2
BankNifty Intraday Trade Setup for 19th May 22 (Trading Idea)After a huge Gap down, we have seen some buying happening and the market is moving slowly and steadily towards the upside, so what should be our trade plan for the day? Since today is Thursday and chances of Premium decay as well as volatile delta moves is very high, so we should wait for some time for the market to show us the right direction Be active on this post to see my live positions and Trade Do Support by Liking and Commenting on our Post as it motivates us to post more such ideas The chart is for study purposes only!! NSE:BANKNIFTY NIFTY, Trading Strategy, Intraday, Banknifty option trading strategy, intraday strategy, simple intraday strategy, Share Trading Strategies, BANK NIFTY TRADING STRATEGIES, trading with volume profile, intraday, mcx , crude oil , crude, crude oil trading tricks, open interest analysis, options trading, options trading strategies, Emotion in Investing, markets scientist, candlestick pattern, candlestick, candlestick analysis, candlestick stock pattern, trusted spots, cool brains, learn and earn, trending, profits How to find stocks for intraday, how to buy and sell in Zerodha kite, Zerodha trading tutorial in Hindi, bracket order, daily income plan, emotions, Unsuccessful Investor, share trading course, share market course. day trading, best strategy on intraday trading, Candlestick types, Candle types, Candlestick analysis in Hindi, Candlestick Body, Japanese Candlestick , Rakesh Jhunjhunwala, share market, stock market for beginners tutorial, how to enter the stock market for beginners, stock market guide, Share market basics for beginners
NSE:BANKNIFTY
by harshnisar45
Using Price action & candlesticks to decode what Nifty is doingIn our last post on Nifty, we had mentioned that Nifty now seems to be forming an X wave with expected target around 24,350 to 24,450. Nifty made a high of around 24,419 on Friday, August 9, 2024. So, where do we go from here? Nifty has been moving up, and a break above 24,420 should act as a break-out to take it further upside. However, look at the price action and candlesticks and ask yourself, “Can we call this a breakout?” “Does this breakout mean Nifty has changed its trend?” The candlesticks seem to be saying that although Nifty is going up, there is nothing in it for the buyers. In this 1-hour chart, from August 6th to 9th (red Circle), can you figure out how many candlesticks seem to show that buyers have made an impact? From 23,960, Nifty moved to 24,419, a rally of almost 450 points, yet can’t see even one big green candle. Decoding the candlestick pattern seems to tell us that this upside move is not a result of buying. It is happening for Nifty to go up and grab liquidity at the top, post which we should again see a downtrend. So, where can Nifty grab liquidity? If Nifty breaches the 0.5% mark , there is a high probability that it will reach between the Fibonacci 0.618% and 0.786% level. This is the area from where we can see a downward move again. Disclaimer : We are not SEBI registered. The content presented here is based on personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
NSE:NIFTY
by WaveMoku
Bitcoin (BTC) Chart - Japanese Candlesticks Vs. Heikin AshiOn the left side: BTC chart with japanese candlesticks (full of noises that hinder our trading decisions). On the right side: The same chart but with Heikin Ashi candlesticks (much cleaner and more defined which helps our trading decisions). Heikin Ashi was developed by Munehisa Homma in the 1700s and share some characteristics with standard japanese candlestick, but differ based on the values used to create each candle. Instead of using the open, high, low, and close like japanese candlesticks, the Heikin-Ashi technique uses a modified formula based on two-period averages. This gives the chart a smoother appearance, making it easier to spots trends and reversals. Tip: Heikin Ashi is ideal for swing trading.
by cryptosrocket
Nifty Pharma- Three White Soldiers BULLISH REVERSAL!Attached: Nifty Pharma Index Weekly Chart as of 7th April 2023 With the Week gone by, Price has formed the 'Three White Soldiers' Candlestick Pattern on the Weekly Chart This has MAJOR IMPLICATIONS (Note: the 'Three White Soldiers' is a Bullish Candlestick Pattern that is used to predict the Reversal of the current Downtrend in a pricing chart.) What Does This Mean for Investors & Traders? - Money is flowing back into the Pharma Sector and Stocks - There is a Trend Change of the previous Bear Trend to start of a New Bull Trend - In addition to the Candlestick Reversal Pattern, Price has also given a Trend Line Breakout (marked as Dotted Trend Line on Chart) which is another sign for a Trend Reversal Hence, Bulls are now chasing the Pharma Sector so if you want to make Money on the Long Side, this is the Sector to be in ! .......................... FYI: I have already shared a Bullish Stock Pick within the Pharma Sector in my Related Ideas below. Check it out to know more.
NSE:CNXPHARMALong
by T_Harth
WAVE STUDY AND INDICATOR CONFIRMATIONCRISIL seems to have completed the correction at least for a shorter term. Wave counting is clearly mentioned on the chart. I request you not to get confused with Wave 2 as it is lower than the initiation point of Wave 1 but visible in Candlestick Chart. As the correction of Wave 2 have been really sharp ie. It was completed in 8 Days with 609 Points of Up move, that is why the Wave 4 is Sideways ie. It was completed in 64 Days with 438 Points of up move. Wave 1 , 3 & 5 are in Fibonacci Time zone sequence. Wave 1 has taken approximately 13 days for completion, where as Wave 3 has taken 32 days and Wave 5 has taken 105 days. If the mathematics is done the ratio stands to be at 1:2:3 Approximately. Hence it is a well structured wave. Wave 5 for downside seems completed now. It comprises of 5 minor waves and the end is a Truncated Wave. Where the bottom of Wave (iii) & Wave (V) of Wave 5th are same .Explaining the reasons for the truncation will take longer, so let’s skip the theory. Few key indicators that we should focus on are ROC, RSI & Candlestick Pattern . ROC: ROC (21 Days, Close) has breached the EMA ( 21 Days, ROC) during the formation of the bottom of Wave (iii) of Wave 5th but has taken a good support over EMA ( 21 Days, ROC) during the formation of the bottom of Wave (V) of Wave 5th. This is a sign of bullishness that cannot be ignored. RSI: RSI (14 Days, Close) on 9th Nov at the bottom of Wave (iii) of Wave 5th was 28.25 and on 7th Dec at the bottom of Wave (V) of Wave 5th the RSI (14 Days, Close) was 31. Hence such pattern is called Exaggerated Divergence as the bottom of Wave (iii) & Wave (V) of Wave 5th are same but in RSI a higher low is formed. Candlestick Pattern: An upside reversal is better marked with a close above previous day high and a low above previous day low. Of course this happened on 8th Dec and last time when the same happened was on 10th Nov during initiation of Wave (iv) of Wave 5th . If we take a conservative approach the first expected target should be 3138 as per Fibonacci Retracement basis. SL should be below 2800 on closing basis. CHART & ANALYSIS ADARSH DEY
NSE:CRISIL
by AdarshDey
Nifty Divergent AnalysisHello traders, Here are few observations on Nifty that I would like to share with you. ✅ Tools Used >> Bollinger Band (BB) (20,2) >> RSI (14) >> Candlesticks Chart (Daily) ✅ Reversal Trade Setup Criteria >> Price outside the BB for the second time with a higher high (HH) or lower low (LL) formation >> While price is outside BB for the second time, there is divergence on RSI (Divergence discussed below) >> There has to be two Bearish/Bullish (as the case may be) candles, accompanying the above conditions, to take the trade >> Target (at the very least) would be the other side of the BB 🚩Divergence is a condition when the price is making higher highs but the RSI is not. RSI would be either flat (at same level to previous swing) or lower. This means that the price is inching up but bulls are losing strength. Similarly, when price makes lower lows but RSI is making higher lows or is flat then this is also called divergence. It means bears are losing strength. Now sit tight and observe all the setups shown on the chart (AB, CD, EF, GH) and see how they worked. Recently Nifty made a swing high at 'I' but it was not an extreme condition because price was well contained with in the BB and not rushing outside of it. RSI was highly overbought though. For the required setup, we need two swing highs peeking outside BB and divergence on RSI with two bearish candles to go short. Let's see if we get the same setup this time or not. I hope you found this idea interesting. Thanks for reading.
NSE:NIFTY
by Bravetotrade
5
GSPL - Gujarat State Petroleum Corporation Bullish ViewGSPL charts have formed a bullish engulfing candlestick pattern. You can use this opportunity because it has a very good risk to reward ratio. Entry: Long above ₹389.80 (the high of the bullish engulfing candle) Stop-Loss: Short below ₹368 (the low of the bearish candlestick before the bullish engulfing pattern) Take-Profit: This will depend on your risk tolerance and trading goals. based on a 1:2 or trailing basis 1:3 Risk to reward Ratio Risk Management: Always remember to practice good risk management. Only risk a small percentage of your capital on each trade. Disclaimer: This is not financial advice. Please do your own research before making any trading decisions. Remember, trading involves risk. I can't guarantee that this trade will be successful. Also dont forget to share and boost, thank you for all your love and keep supporting like you do, helps me work harder..
NSE:GSPLLong
by piyushbafna000
Gold Elliott - 5 Waves to top 2488 - Tower Top Candlestick Recent Performance Update As per the last idea published, we saw a significant bounce of $184 following the post-triangle analysis. Last Idea on Gold Clear 5-Wave Structure from 2304 Bottoms Yellow metal has unfolded a clear 5-wave structure from the bottoms of 2304 to 2488 & reversal candle is unfolding from the tops of 2488. Reversal Candle in Play The Bearish Tower Top is a reversal candlestick pattern typically observed at the top of the trend which can be seen unfolding in the current scenario at the tops of 2488. Bearish Tower Top Candlestick Pattern A strong bearish candle has taken out the lows of the last few candlesticks while going up, which can be a strong signature unfolding in favor of the bears. Bearish Signature Unfolding at 2488 Tops Slipping below 2465, Gold has key and minor support at 2406 lows. Once the lows of 2406 and 2400 support zone are breached, Gold can slip down to important levels at 2355 and 2305 lows. From WaveTalks Abhishek
COMEX:GC1!Short
by WaveTalks
9
ETC: Look for Confirmation Near Previous Resistance💎 ETC is currently exhibiting a bullish market structure and is undergoing a retest of the support zone, which was previously a resistance level. This zone may now act as support since it has been broken. 💎Analyzing past chart data reveals that there is potential for a bounce from the bullish interest zone, especially if ETCUSDT forms bullish engulfing candlesticks. Confirmation of this bounce would require seeing bullish engulfing patterns from our support zone and smaller support levels. In such a scenario, we can anticipate targets until the next resistant levels. 💎However, if ETC breaks down below our support levels without showing any bullish confirmation, it would be advisable to refrain from trading ETC in that scenario and wait for better price action to form before making any decisions.
by MyCryptoParadise_Nathan
Late night Technical analysis talk - TCS, HCL, INFY👑 Terms used if you don't know : ✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa until one of them wins ✣ Structure and trend: Two types of trends that exist in the market today are uptrends and downtrends. Each type of trend tells a different story and has its own impact on a trader's success in the market. While uptrends show a series of higher highs and higher lows, downtrends show lower highs and lower lows ✣Breakout: Breakouts are commonly associated with ranges or other chart patterns, including triangles( HERE WE WILL SEE THIS ONE ), flags, wedges , and head-and-shoulders. These patterns are formed when the price moves in a specific way which results in well-defined support and/or resistance levels. Traders then watch these levels for breakouts ✣ RSI DIVERGENCE: A bullish divergence occurs when the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new long position. ✣ Supply/ Demand: In the supply zone , the prices are higher than the bid price, and in the demand zone , they are lower. The bid price is what a trader is willing to pay for a stock 👑 Important levels - explained well 👑 Comment your thoughts and queries regarding anything on this analysis of mine, feel free buddy :) ⌛ 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 people, make good mentors and make good decisions and choices in the stock market. ✣Believe in yourself :) 🎓🎓 Some info about me :) ➼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.
NSE:HCLTECHLong
by Averoy_Apoorv_Analysis
22
Potential Good setup in LUPIN - 4 to 8% 👑 Terms used if you don't know : ✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa until one of them wins ✣ Structure and trend: Two types of trends that exist in the market today are uptrends and downtrends. Each type of trend tells a different story and has its own impact on a trader's success in the market. While uptrends show a series of higher highs and higher lows, downtrends show lower highs and lower lows ✣Breakout: Breakouts are commonly associated with ranges or other chart patterns, including triangles( HERE WE WILL SEE THIS ONE ), flags, wedges , and head-and-shoulders. These patterns are formed when the price moves in a specific way which results in well-defined support and/or resistance levels. Traders then watch these levels for breakouts ✣ RSI DIVERGENCE: A bullish divergence occurs when the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new long position. ✣ Supply/ Demand: In the supply zone , the prices are higher than the bid price, and in the demand zone , they are lower. The bid price is what a trader is willing to pay for a stock 👑 Important levels - explained well 👑 Comment your thoughts and queries regarding anything on this analysis of mine, feel free buddy :) ⌛ 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 people, make good mentors and make good decisions and choices in the stock market. ✣Believe in yourself :) 🎓🎓 Some info about me :) ➼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 ☃☃☃☃
NSE:LUPINLong
by Averoy_Apoorv_Analysis
2
10 Star analysis on NBCC - 10% possible move 👑 Terms used if you don't know : ✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa until one of them wins ✣ Structure and trend: Two types of trends that exist in the market today are uptrends and downtrends. Each type of trend tells a different story and has its own impact on a trader's success in the market. While uptrends show a series of higher highs and higher lows, downtrends show lower highs and lower lows ✣Breakout: Breakouts are commonly associated with ranges or other chart patterns, including triangles( HERE WE WILL SEE THIS ONE ), flags, wedges, and head-and-shoulders. These patterns are formed when the price moves in a specific way which results in well-defined support and/or resistance levels. Traders then watch these levels for breakouts ✣ RSI DIVERGENCE: A bullish divergence occurs when the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new long position. ✣ Supply/ Demand: In the supply zone, the prices are higher than the bid price, and in the demand zone, they are lower. The bid price is what a trader is willing to pay for a stock 👑 Important levels - explained well 👑 Comment your thoughts and queries regarding anything on this analysis of mine, feel free buddy :) ⌛ 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 people, make good mentors and make good decisions and choices in the stock market. ✣Believe in yourself :) 🎓🎓 Some info about me :) ➼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 ☃☃☃☃
NSE:NBCCLong
by Averoy_Apoorv_Analysis
3