Remember, to prove the point that trading is not gambling you need to understand that to prove certain points, you must have solutions ready with you. In this field, particularly in the example posted above, you can observe that there are several confluences you can spot to gobearish on the fno and earn handsome percentage aka points. Money is secondary. All the...
The price was giving higher highs with bearish momentum. finally the price was a doji to indicated the downfall. the other day broke the initital lower support and closed below it the next day, the low of the above mentioned candle opened our trade and a sweet fall towards downside is observed.
Tomorrows day is important to see the further movement.
Break up above the triangle leads to a very good movement. PS,didnt take this trade, it is purely an educational content.
What a breakdown after breaking the support. what now? A pull back to retest? a continuation downside?
Intraday #1: Price is already at Resistance on a daily chart. Look for some chance tomorrow.
Well, I have an instinct on getting long after the break of this triangle, we need to anticipate anyhow. Stay humble stay happy stay blessed
#1 I have been watching and speculating nifty since long and apparently whenever I felt the fate of the market, it respected my opinion and turns out to be in the direction of the favor, participants and its likelihood. Well, lastly, If the price breaks the slanting resistance and closes above it, and if the high of today's candle is broken tomorrow that is 16th...
BnF looks like it just broke the support of the small channel that was made between 27120 and 27180. See the first two candles and decide whether to go long or short. The Risk-Reward in short is much better than long side. So, i go for Short. If it breaks 27090, on the 10 min candle, gap filling followed by fresh shorts (In the volatile market that we have, with...
Trading in a falling wedge.. with breakdown from triangle pattern.. looking weak below 430 THIS IS ONLY FOR EDUCATIONAL PURPOSE.. VIEWS ARE PERSONAL
BEML has just bounced off the base line support of the Bullish bat that is shown on the pic, on the monthly charts with targets of 2000 in the next few candles. The right wing is fractured though, that's why it is off on the calculations for the validity of the pattern. this is not taken into account, considering the selling mentality associated with the bear...
Intro : The bump and run is a pattern that is of explosive power in developing markets aiming at maturity. Reliance has just bumped onto and looks to start its run. For those unfamiliar with this lesser known pattern, this looks like a inverted cup, preferrably on an ascending trendline support angled between 30-40 deg. This has been observed in cases of several...
As we can clearly see, we're in ABC correction of Elliot waves. Also, the Double top @10900. C wave would take us around 9400 points, also the overall 0.5 Fib level. Let's see how market opens tomorrow.
AXIATA BHD stock can rise in wedge pattern if level of 3.60 hold it can rise 3.95. Momentum indicator also rising after sell off in stock from level of 4.79 to 3.20. Below 3.60 can retest lower trend line support.
Stock Haw Par (H02.SI) Singapore listed stock trading below 55 days MA. Macd indicator also signals below zero line which is also negative. After break of major support 12.30 stock to level of 12.10 and 12.00
Stock can test level of 0.330 in coming days after breaking major support of 0.345. Also MACD indicator pointing downward trend with trading below signal line. Stock facing immediate resistance around 0.370 as per price rejection around this level clearly visible.
Nifty which right now is due to complete the Head and Shoulder pattern from the top of the right shoulder, would drift down a little down further, till the month of May 2019, when the General Election results would also be out, when it would complete the 4th Wave and the (C-D) corrective wave.