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Technical_analysis

Symmetrical Triangle Example using Adani EnterpriseNSE:ADANIENT has created a symmetrical triangle on the chart. Most of the time symmetrical triangle is created when stock is moving side ways (neither moving in up trend nor in down trend). Stock can move to any direction once it comes out of triangle hence it requires caution before placing trade. If stock breaks out (on upper side) than we may see up trend from that point. If stock breaks down (on lower side) than we may see down trend from that point.
NSE:ADANIENTEducation
by vikrant_252
Why BEAR-TRAP occurs? How to Avoid and Trade a BEAR-TRAP?What is a BEAR-TRAP? --> BEAR-TRAP is a condition in the market where the Price gives a Breakdown below a Potential Support zone but quickly Reverses back above the Support without giving a follow up bearish candle. Why a BEAR-TRAP occurs? --> Big Players who are bullish on a specific stock would be wanting to buy a big quantity of shares at the best price , but there will be no enough sellers . Hence All Buy Orders of Big Players would not get filled. so what's the solution? --> Big Players know that the Retailers have maximum of their StopLoss order's just below the Support. --> Big Players will place Contra-Short Trades and will trigger the Stop-Loss Orders of the Retailers turning them into a Seller .Hence All Buy Orders of Big Players will get filled. . --> New Breakdown Traders place Fresh Short-Sell Orders looking at the Breakdown and if its a F&O stock , Call-Sellers open new positions at ATM (At the money) Strikes. . --> Now as All Buy Orders of Big Players got filled. . BIg players aggressively start moving the price up and trigger the Stop-Loss Orders of the New Breakdown Traders and Call-Sellers who entered looking at the Breakdown which ,again shoots up the price. -->Hence All Bears are been Trapped. How to avoid a BEAR-TRAP ? --> Look at the Volumes on the Breakdown ! If the Volumes are Low , It is probably a Fake Breakdown! . --> Wait for a follow up Bearish- Candle after the Breakdown Candle! i.e Take a entry only when the Low of the Breakdown-Candle breaks. --> Check out if there is a significant Long-Unwinding if its a F&O stock. How to trade a BEAR-TRAP ? -->Check out for a Reversal Pattern soon after the Breakdown. Eg: Bullish Engulfing, Bullish Harami, Bullish Piercing .etc --> This Reversal Candle Stick must close above the support. -->Enter a Long Position above the high of this reversal candle . Real Example! --> NSE:POWERGRID was trading within a Rising Channel . --> POWERGRID gave a Rising Channel Breakdown below 196 and gave a daily closing at 191. Perfect breakdown right? -->Breakdown Traders entered here keeping their Stoploss above the POC or just above Psycological level 200. and Call Sellers would have Shorted the POWERGRID 200 CE STRIKE . --> Check out the volumes on breakdown! Its very very low signifying its a Fake Breakdown. --> POWERGRID on the following day made a Bullish Above Stomach Candlestick pattern and gave a closing above the support level 196. -->Perfect Buy would be on 1HR Closing above the support level 196 on the next day. -->Boom! Price made an Impulsive Movement after it triggered all the StopLoss Orders placed at Psycological level 200 by the Breakdown Traders and also due to the Short Covering at 200 CE STRIKE . --> Wasn't it a perfect BEAR-TRAP Trade? If you liked this Educational Idea, Kindly LIKE,COMMENT, SHARE, & FOLLLOW me on Trading-View for more educational posts like this.
NSE:POWERGRIDEducation
by Roswin-Fernandes
2
*Nifty,resuming its rally,would face res. @ 10750/10800*Today's Market Rhythm :- given below... Day :- Technically day trend is "Up", with price staying above DHEma 10686 level. Weekly :- Technically week trend is "Up",with price staying above WHEma 10624 level. Month :- Technically month trend is "Up", with price staying above MHEma 10716 level. Trade Advice :- Traders can close all long position and intiate fresh Short position once nifty manages to break below 10405-400 levels till than hold their long positions but they can book partially position up side around 10755-60 but if the nifty comes down rather than above and breaks the level of 10600-595, than also traders should book profits in their partially position.
NSE:NIFTYEducation
by psdasila
1
*Holding above10610-60,prices continues towards 10675/10700*Today's Market Rhythm :- given below... Day :- Technically day trend is "Up", with price staying above DHEma 10613 level. Weekly :- Technically week trend is "Up",with price staying above WHEma 10529 level. Month :- Technically month trend is "Up", with price staying above MEma 10444 level. Trade Advice :- Traders can close all long position and intiate fresh Short position once nifty manages to break below 10360-55 levels till than hold their long positions but they can book partially position up side around 10670-75 but if the nifty comes down rather than above and breaks the level of 10560-55, than also traders should book profits in their partially position.
NSE:NIFTYEducation
by psdasila
*Holding 10545-30,Nifty would get stranth, otherwise break this *Holding 10545-30,Nifty would get stranth, otherwise break this level,Nifty would seen sharp profit booking* Today's Market Rhythm :- given below... Day :- Technically day trend is "Sideways", with price staying below DHEma 10586 level. Weekly :- Technically week trend is "Up",with price staying above WHEma 10529 level. Month :- Technically month trend is "Up", with price staying above MEma 10433 level. Trade Advice :- Traders creat fresh position for sell side, break out of 10510-500 level with 30 points stop loss for short term. Note :- Its my personal view.
NSE:NIFTYEducation
by psdasila
*Sideways mode would head Higher Low (10500/10472)*Today's Market Rhythm :- given below... Day :- Technically day trend is "Up", with price staying above DHEma 10559 level. Weekly :- Technically week trend is "Up",with price staying above WHEma 10474 level. Month :- Technically month trend is "Up", with price staying above MEma 10426 level. Trade Advice :- Traders can close all long position and intiate fresh Short position once nifty manages to break below 10270-66 levels till than hold their long positions but they can book partially position up side around 10615-30 but if the nifty comes down rather than above and breaks the level of 10500, traders should book profits in their partially position.
NSE:NIFTYEducation
by psdasila
1
*Staying above 10520,It would head nifty to10615-30 & more*Today's Market Rhythm :- given below... Day :- Technically day trend is "Up", with price staying above DHEma 10506 level. Weekly :- Technically week trend is "Up",with price staying above WHEma 10463 level. Month :- Technically month trend is "Up", with price staying above MEma 10421 level. Trade Advice :- Traders can close all long position and intiate fresh Short position once nifty manages to break below 10260-55 levels till than hold their long positions.Traders can book partially position around 10615-30. Note :- its my personal view.
NSE:NIFTYEducation
by psdasila
*Staying above 10417,(WHEma), prices would head to 10530-35**Staying above 10417,(WHEma), prices would head to 10530-35 & more* Today's Market Rhythm :- given below... Day :- Technically day trend is "Up", with price staying above DHEma 10448 level. Weekly :- Technically week trend is "Up",with price staying above WHEma 10417 level. Month :- Technically month trend is "Up", with price staying above MEma 10398 level. When trend in all T/Fs are aligned together, holding position for more rewarding and in conflict, keep booking partially. Trade Advice :- Traders can close all long position and intiate fresh Short position once nifty manages to break below 10240-35 levels till than hold their long positions.Traders should re-buy around 10415-20 level. Note :- Its my personal views.
NSE:NIFTYEducation
by psdasila
*Some profit booking would seen, Today*Today's Market Rhythm :- given below... Day :- Technically day trend is "Up", with price staying above DHEma 10361 level. Weekly :- Technically week trend is "Up",with price staying above WHEma 10386 level. Month :- Technically month trend is "Up", with price staying above MEma 10356 level. Trade Advice :- Traders can close all long position and intiate fresh Short position once nifty manages to break below 10225-20 levels till than hold their long positions & if traders wants, they can add more position at around 10330-25 level for bull rally. Note :- Its my personal view.
NSE:NIFTYEducation
by psdasila
*Staying above 10293,prices heading 10400-450 & more *Today's Market Rhythm :- given below... Day :- Technically day trend is "Up", with price staying above DHEma 10329 level. Weekly :- Technically week trend is "Up",with price staying above WHEma 10377 level. Month :- Technically month trend is "Up", with price staying above MEma 10364 level. When trend in all T/Fs are aligned together, holding position for more rewarding and in conflict, keep booking partially. Trade Advice :- Traders can close all long position and intiate fresh Short position once nifty manages to break below 10225-20 levels till than hold their long positions & if traders wants, they can add more position or re-buy (which booked yesterday) at around 10300-295 level for bull rally. Note:- its my personal view.
NSE:NIFTYEducation
by psdasila
1
*Holding 10257 (DEma), prices head to 10361-10580 (W & M HEma)*Today's Market Rhythm :- given below... Day :- Technically day trend is "Up", with price staying above DHEma 10294 level. Weekly :- Technically week trend is "Sideways",with price stying below WHEma 10361 level. Month :- Technically month trend is "Sideways", with price staying below MHEma 10580 level. When trend in all T/Fs are aligned together, holding position for more rewarding and in conflict, keep booking partially. Trade Advice :- Traders can close all long position and intiate fresh Short position once nifty manages to break below 10230-25 levels till than hold their long positions & they can book profit in partially position @ 10370-75 levels. Today's Strategy :- "Buy on Dips" Note- its my personal view.
NSE:NIFTYEducation
by psdasila
1