Education material only with support & resistancesPrice is well above the MA Looks bullish until it falls below the resistance trend line and could reach the support trend line.
Note: Volume is significantly lower may trigger price fall
Support and Resistance
Learning about Exponential Moving AverageEMA full form is *Exponential moving average*. you can google this for detailed explaination and formula.
I use 30 week EMA for my stoploss that means, the length chosen is last 30 week on weekly timeframe.
if you are using daily timeframe you can use 150 Day EMA (as 5 working days for week * 3o weeks).
NOTE- The length choosen is not an fix and not compulsory for use. i use this length from trader whom i follow. Try and backtest different lengths (EX. on weekly-12,30,40 and on daily-21,50,150,200) use which suits your style and pace
TO SET EMA ON YOUR CHART- choose Timeframe as W (week)
1. Go to indicator and strategies on top of chart
2. search Exponential moving average select first inbuilt option
3. Set length as 30 click OK.
Now you are ready to use.
Elliot Wave Projection of Eicher MotorsA possible projection of Elliot Wave for Eicher Motor stock.
Stock is making impulse wave expecting it to break all time high.
Just for educational purpose.
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment advice provided is solely the personal views of my research. You are advised to rely on your judgement while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisor before investing/trading.
I may or may not trade this analysis
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You will never be the same after watching this trading secretYou will never be the same after watching this trading secret.learn to mark important support and resistance.
Educational - When to use stochastic indicatorUse stochastic indicator when the stock is in range, inside a channel (paralle,ascending,descending). To be used for swing trading is the safest way to utilize stochastic.
Thanking Subhag Ghosh for motivating to make such a post.
Bitcoin FractalFractal
Since August, fractal similar to May month is forming. This fractal is of 3 months (May to July) length and repeats after 3 month (August to October). Fractal holds similarities in price action like continuous rise in price for days, sudden big price fall, low and high in pattern are at same arrangement. This same pattern follows from October onwards.
Support:
Parabola formed becomes resistance to fractal after which price reverse back but now this parabola is broken and now this acts as a support.
Previous Zone between 13000 to 14000 is another big support level.
100 Daily MA had been support for both May and August, so it is a possible support. I have extended MA 100 line expecting such formation.
Their is one possibilty that BTC will keep moving along resistance and will bounce up wherever fractal had pumps.
Invalid:
This fractal could fail if BTC keeps on moving up breaking resistance.
Nifty Elliot Wave analysis 11-11-2020 Still Some Upmove pendigDISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis. Details in description.
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ApolloTyre Nice Weekly RSI Setup
Nice Volume Setup
Crucial Supply Zone
Will Take Entry on 160 DCB
Stop Loss 152 DCB
This for my Personal Education Purpose Not for Trading
Tata Steel for my self Education Purpose Only Just for my self Educational Purpose not for trading or investment for other
If Hold above 410 WCB ........... Next Target would be 440 and than 480
Stop 390 WCB
Can Sustain 400 to 440 for atlest 45 days
PERSISTENT on Weekly Chart PERSISTENT on Weekly Chart broke the 1200 WCB Support
now next Support at 1100 and 1000
If Hold 1250 at WCB Next Target would be 1580
Tech M Range bound till this year
if break all time high in this month with volume support then Target will 920
for myself study purpose not for trading
ITC Deatiled Elliot Wave AnalysisDISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis. Details in description.
-------(((((Please LIKE & Donate Coins to support my analysis)))))-------
Target price for wave v or wave (C) was actually 150 based on Fibonacci retracement plotted between wave 3-4
Planned video was around 10-12 minutes, plotted waves and targets for wave v(wave C) didn't got save so went ahead of time and become 16 min :D
ITC Short Term ViewItc Short term view
Start at 169
Stop Loss today Low 167
add more quantity @ 175 and 181
Target 200
Capital Allocation 0.05 % of Portfolio Good Risk to Reward Ration Here
Hindustan UnileverJust for my self Educational Purpose not for trading or investment for other
Soon Retest at 1950
and then range bound for 45 day at between 150 point
will reverse from here if volume above 50 M on MCB
Vertoz StudyTarget 200 2 Month
Stop loss 150 on WCB because rejection on 150 range with volume support
this study for my self purpose not for trading
Business Prospect Moderately Good
Reliance target 2140 if Hold 2060 DCBJust for my self Educational Purpose not for trading or investment for other
Reliance target 2140 if Hold 2060 DCB
Major Support 2005
and 1940 and 1885
Dabur Next target 550 in one session on monthly close basis
stoploss 475 MCB
good risk to reward ration for long term
for my self study purpose not for trading
Maruti Suzuki : Flag pattern breakoutMaruti given a flag pattern BO in last trading session with good volume.
If sustained over 7130, Buy can be initiated and there are several hurdles like marked in the chart.
Sl to be maintained below 6970.
How to trade based on Zones?This is an example of how I mark my charts while taking trades.
Defensive trading strategies are very good for sideways markets. The indices around the world are sideways and not making any fresh highs or lows.
The principle that I have explained on the charts is ideal for protecting your capital and has a higher chance of succeeding. When the price moves to either of the extremes, you should look at taking a trade on the opposite side.
This means that once the price approaches the higher boundary, you should be looking at selling and when the price approaches the lower boundary, you should look at buying.
This does not mean that you blindly set that marked price as the entry point, but you should wait for an extreme to be created and then take a trade only after the confirmation of your bias. Trading such markets requires patience and entries should only be made on the boundaries. If you enter a trade in any direction in the middle of the zone, you are likely to get trapped. What I mean by trapped is that your stop loss will become larger and probabilities are starting to move against you.
Trade only with capital you are willing to lose and maintain proper money management.
Feel free to ask questions, if you have any! :)
