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Price Action Analysis with Candlesticks(Part-1) Price is the cumulative result of all market information. Hence, technical analysts use price charts and chart patterns in their market study. candlesticks have become the most popular chart type for price action analysis. we have 3 methods to identify price action with candlesticks. 1.One Price Bar (Pin Bar) 2.Two Price Bars (Inside and Outside Bar) 3. Three Price Bars (MS and ES) In this post we discussed about One Price Bar only. we can post Remaining 2 concepts later.
NSE:BANKNIFTY
by SriTrader5121
2
Thomas Cook : readying to openup Read this chart of Thomas Cook, so many chart patterns on one single chart, someone may find a big rounding bottom , some may get hooked by a somewhat inverted head and shoulder , there is a cup and handle pattern , a rising channel pattern and the script is giving breakout out of each of this on a weekly chart , so you can look at it as per your choice of analogy, but what pinned my attraction for a longer time was the ATH price volume trend !! So, as usual, DYOR !! and let me know what you discover on this scintillating chart !!
NSE:THOMASCOOK
by harshad_009
Tata Power : The making of a possible multibaggerAn interesting behavioral pattern is in continuous formation on monthly charts of #tatapower 1. Since its listing (available chart data) it remains in a consolidation box for about 1852 days 2.Ending this consolidation phase, it enters a parallel rising channel that spans all along 1248 days 3.After this parallel rising channel it again enters in a massive consolidation box that lives a length of 4566 days 4.Breaking this consolidation phase with a landmark of lowest price in five years it enters in an uptrend where it begins to form yet another parallel rising channel, this parallel rising channel as of today has reached 548 days 5. Since last seven months it has been forming an upward move with a higher low pattern,no low of previous months is broken in any of these seven months 6. Currently it is trading well above all the moving averages (specifically 9, 13, 21, 25, 50, 100, 200, 365 EMA) 7. As of today, the Stochastic RSI is 100.00 8. MACD is in a bullish crossover since Sep '20 and the all green histograms are onto a new peak formation frenzy 9. Since Mar '20 the trading volumes are registering life time high numbers How often do we find such awesome chart patterns ?? Views and opinions solicited !
NSE:TATAPOWER
by harshad_009
Bitcoin Bounce Taking Place | The News & Trading + Personal GrowThe Bitcoin (BTCUSD) bounce is now full on and taking place as we hoped to see based on the 11-Sept. "Short-term strange signal" ... Would you like to go deeper? Hit LIKE and read below... How to improve your trading? How to trade and make money but also continue with your personal and spiritual growth?! THE NEWS, TRADING, PERSONAL GROWTH & SPIRITUALITY It has been said that it is needed to stay up to date with the news in order to trade. There can be some true to this statement but this applies more to stocks and conventional markets that it does to cryptocurrency. The news, in any way shape or form, can be very detrimental to your personal growth. You can get information about statements on different companies and institutions, opinions, markets developments, this can be exact data, the rest is mostly nonsense, you can't distinguish from truth/facts/lies but there is no intention of helping you when a news article is shown to the world. I learned early on that all the information needed for Trading successfully is 100% available on any individual chart. I confirmed this to be true, I was able to predict the market for many years without a single piece of news, without any outside information, just by looking at individual charts over and over and that was all. You do not need the news for Cryptocurrency. You do not need any type of news to trade. We just saw the potential advantages of reading the news but what about its negative effects? Watching, reading, following or staying up to date with any type of news source; First, it takes away your own perspective of reality and Second, it stuns your personal growth. When it comes to Spirituality it is even worst. The News is all about negative situations, negative feelings, mostly, the things that will cause a reaction within you so that fear can come in and in turn you can be controlled. If you enjoy trading and want to go deeper, learn how to read the charts. You can look up Candlestick reading, the most common and basics indicators, chart patterns, mix all this and you have all the tools that you need to continue to trade, be able to make/earn money but at the same time continue with your personal and spiritual growth. We trade for money, that's for sure... But first, we want this money to improve our choices, more freedom, to improve our surroundings, give a better lifestyle to our selves and our loved ones, to increase our life comfort. If this part of the news is negative and you can do without, then we let it go. Focus on the chart... Or not. But forget the news, they will not help you wait patiently, follow you plan and achieve your desired results. We are all together in this...
 Mind above matter. Do your own research. Reach your own conclusions. Learn from anything and everything. Thanks a lot for your continued support. Namaste.
BITSTAMP:BTCUSDLong
by AlanSantana
Double Top in UPLNSE:UPL UPL Ltd is forming Double top Which is a strong chart pattern We would learn as well as trade UPL as per the price action formed Chart Patterns are usually very accurate if applied netly I would share such type of Ideas so that many traders can learn how to Draw, Find or execute a chart Pattern. Rest all details are given in the Chart please have a look at it (NOTE - This research is only for educational purpose We are/would not be responsible for any profit or loss of yours)
NSE:UPLShort
by Arshad_Khatib
TCS 4Hrs Spot ChartHello Guys, Wanted to post a video on this but could not due to busy schedule!!! My trades are based on Chart patterns and simple Price action analysis!!! Okay!! This is TCS 4Hrs sopt chart and we got a breakout from the downward sloping trendline...again failure and a retest making higher lows and now breaking out of the broadning pattern the orange lines and yesterdays highs aswell making new highs today. Possible target for TCS is 3380 to 3415 an d much higher.
NSE:TCSLong
by abhijitgujarathi15
How to trade using simple Support/Resistance?The concepts of trading level support and resistance are undoubtedly two of the most highly discussed attributes of technical analysis. Part of analyzing chart patterns, these terms are used by traders to refer to price levels on charts that tend to act as barriers, preventing the price of an asset from getting pushed in a certain direction. There's a little hint hidden in the chart that will help us decide the bias of trade, spot and comment below🧐. First one to spot will be blessed with 99% success rate :) SIMPLE WORKS BEST I've linked my previous analysis also , which gave 55%+ gain in less than 20 days ,see how a simple S/R works like a charm.
NSE:GESHIPLong
by Harsh_Singh
2
Can be a best buy moment for the bull run! #BNBBefore you start further, T&C - I'M NOT A FINANCIAL ADVISOR OR I'M NOT GIVING ANY SIGNALS HERE! THIS IS MY OWN OBSERVATION AND I DON'T MEAN YOU IN ANY WAY TO TRADE ACCORDING TO THIS! YOUR TRADES ARE YOUR OWN RISK!! Thank you :) and also, these are the keywords and the meaning of them which I used in my charts! C - R/S = Current - Resistance/Support S/R - 1/2 = Support/Resistance - 1/2 (S-1 is the heavy support and R-2 is a heavy resistance) Now in 4 hours chart of BNB I can see a symmetrical triangle forming! What is a symmetrical triangle? In short, it means that if it breaks upwards then the price with becoming rocket and ho BOOM BAAM and if breaks downwards then we see a nice chill dump! You can google about triangles and other chart patterns if you don't know about it! So, as of current market status, as far as I think, it may break downwards and hit its support of 160$! If breaches that then we may see it as 90$-110$ too! But it can break upwards also or even it can just go in the accumulation zone for a day or two and then show a dump or a pump, but for now, I'm seeing it has to break downwards! What if the triangle breaks downwards? MY first buying area will be 170$(30%) and the second will be 160$(30%) and third will be 125$(40%) and also I will suggest you do the same and put your orders in parts! Again this is my trading style, you're can be different than mine so trade as yours cause I know how I manage my profit or loss! What if the triangle breaks upwards? MY position from long will be then only if a 4 hours candle closes above 245$(50%) with a confirmation! Confirmation means that after the candle closes above the resistance line and a red candle comes and retests it to confirm its support! MY second position(50%) will be when the same, a 4 hours candle, and then the confirmation closes above 280$ resistance! What if the price goes in accumulation zone? In simple words, I will wait for it to show any action! Happy and safe trading brothers! :)
by UnknownUnicorn14246203
ICICI Bank | Head & Shoulder and Bear Flag observedICICI Bank chart exhibiting two chart patterns, both indicating bearish bias. One is Bear flag pattern which imply bearish continuation and the other is Head & Shoulder pattern which illustrates prior trend reversal. Do notice a rising trendline as it may have some significance. Bear flag pattern is valid as the price has cracked below 428.75. Considering that pole of flag begins at around 440, the target depth as per pattern will be around 15 points i.e at 413.50 Head & Shoulder pattern has not been confirmed yet as price has not breached 424.60 i.e. neck level. Once price closes below neck level (eventually it should as indicated by bear flag) the stock could fall to 406.80. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
NSE:ICICIBANK
by AkhilSuryaFS
2
chart pattern recognition ,cup and handle, trianglehello guys . . today came up some good chart patterns jindal steel is forming cup and handle pattern on daily . . the handle ( pink colour ) looks like triangle has been forming for past 6 months ( classical triangle pattern forms 6 months ) prices are nearing its apex one can see chances for break out happening probably on the upside ( it can breakout on either side up or down. . probablity chances are higher on upside ) .. the chart looks colourful !!!!!!!! if u find this idea correct , wrong useful, stupid . please comment. .will be happy to reply for u. .
NSE:JINDALSTEL
by premanandh
4
Nifty Forecasting - 2018 - Believe it or Not- Danger ahead!! Last year nifty given good returns and shown rocket performance..So what we can expect this year?? My friends this year be cautious on buying side and in my view the dream of 11000 on screen will remain a dream for atleast this year if this pattern do not break.. As per my analysis a huge correction can come if we do not trade above 11000 and break that channel on upper side. 2018 movement will mostly depend on the January movement and lot of picture will get clear after January only.... I also want that Nifty break this pattern and trade above 11000 which will open its door for 12500-13000 in 2018..will post that chart too once it is done... This is what i am posting here is forecasting of Nifty in 2018 based on the history of Nifty. Same chart patterns was formed in 2008 and what happened in 2008 everyone knows. So this is also based on that history.. Take your decision before entering in any trade and we will review this chart in February.. ******Best of Luck & Happy New Year 2018******
NSE:NIFTY
by AshishChauhan_AlgoTrader
7
SUN TV BEGINS TO TRADE IN A POSITIVE CHANNELGood positional traders always look to trade the range..... Now there are two different chart patterns on different time frames 1)WEEKLY Chart shows the stock is in almost a flag formation with a pennant shape I rule it as a pennant price is reaching its upper end and the stock has gained momentum shown by "MACD" It is important that in the expiry week the stock ends above 488 so that the stock can break above the pennant Big boost is that the stock managed to close above 853 a stop below this level will be very useful 2)DAILY Chart shows that the price is beginning to trade in a channel "MACD" is about to show positive crossover Mild support around 870 TRADE VIEW: POSITIONAL TRADE BUY @ 860-870 STOP @ 850 TARGET @ 890/910 !!HAPPY TRADING!! !!PLEASE LEAVE A LIKE COMMENT BELOW!! !!WATCH out for BTST/STBT IDEAS @ 3;20!! !!EVERYDAY!!
NSE:SUNTVLong
by manavtechresearch
DOUBLE BOTTOM (GALA)DOUBLE BOTTOM Ah, the intriguing world of chart patterns! A double bottom is a technical analysis chart pattern that indicates a potential reversal in a downtrend. It resembles the letter "W" and occurs when the price of a security hits a low point, rebounds, declines again to the same or a similar low point, and then rebounds once more. Here's a quick visual breakdown: First Bottom: Price hits a low point after a downtrend. Bounce: Price rebounds from the first low. Second Bottom: Price declines again to the same level as the first bottom. Second Rebound: Price rises again after the second low, often signaling the reversal of the previous downtrend.
Long
by Faizgazi
ETH (DAILY TF) DOUBLEBOTTOMDOUBLE BOTTOM Ah, the intriguing world of chart patterns! A double bottom is a technical analysis chart pattern that indicates a potential reversal in a downtrend. It resembles the letter "W" and occurs when the price of a security hits a low point, rebounds, declines again to the same or a similar low point, and then rebounds once more. Here's a quick visual breakdown: First Bottom: Price hits a low point after a downtrend. Bounce: Price rebounds from the first low. Second Bottom: Price declines again to the same level as the first bottom. Second Rebound: Price rises again after the second low, often signaling the reversal of the previous downtrend.
Long
by Faizgazi
TATACONSUM LevelAs of January 2, 2025, Tata Consumer Products Limited (TATACONSUM) closed at ₹929.65 on the National Stock Exchange (NSE), marking a 1.02% increase from the previous day. In the daily time frame, the stock has been exhibiting a sideways movement, with no definitive momentum. Analysts have identified a potential cup and handle pattern forming on the daily chart, suggesting a bullish continuation if the stock breaks above the ₹1,250 resistance level. Key support levels are observed at ₹1,063 and ₹1,017, while resistance is noted near ₹1,250. The stock's all-time high was ₹1,253.70 on March 11, 2024, and its all-time low was ₹42.80 on November 25, 2008. Given the current technical indicators and chart patterns, monitoring the stock's movement around the ₹1,250 resistance level is crucial for potential bullish opportunities. However, the sideways movement suggests caution, and investors should consider these factors alongside their risk tolerance and investment strategy. Disclaimer: This information is for educational purposes only and should not be construed as financial advice. Please consult with a financial advisor before making any investment decisions.
NSE:TATACONSUMLong
by EmpireCrown
1