Hi Traders & Investors,
Almost a few weeks ago, I posted my analysis on ITC where I mentioned two conditions is quoting for your consideration " If this is taken out on a 2hr time frame then the structure will change and the price will move down further. On the contrary, If the price...
There is lot of twists herein:
By the looking left to right , while breaking out the price Congestion we have seen Invalid breakout in price. That why price suddenly fall.
Bullish forget of 3 candles was completely perfec t but, again we have seen valid heavy volume candle ...! Something is cooking in this stock.
Let look more closer to the 4hrs...
1. On May 25th, 2020, I mentioned in the analysis is quoting for your consideration " 2. Now come to the technical part. I showed you a volume area that it is decreasing with increasing price. Therefore, the volume relationship with the price should come down. But what I feel is this is classic trapping of sellers. Hope has been...
Tails are important for this stock to trade.
Suppose to trade tomorrow 285 above, then buy and hold ( Friday )
Tatasteel TimeCycle and Parallel downward channel.
The price is trading at value low which is better to...
Low 139 and high (182.75 touched target ).
Below chart published- : Mar 26th, 2020
42 (points profit in just a week which 30% return)
I hope you don't forget this one.
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All the views expresses here for Educational & Learning purpose only.
We may or may not have position in the stocks mentioned here.
MCX GOLD Future market
LONG @ 46557
SL @ 45421
TARGET 1 @ 46898
TARGET 2@ 47125
TARGET 3@ 47693
Short selling will break nearby 9231/9125.
==> Money-Maker, staring down loaded gun!
Higher chance to follow 2.Scenario at 9250 nearby.
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We have enjoyed below Short Selling PLAN A and B:
Kinnari + Elliott's wave theory
5 + 3 = Waves
The wave A and B in both sets parallel channel and Wave C will be set of mnext 5th Wav e.
Elliott’s cycle of the 5th Wave is under-construction . 3rd wave was extensive in price and after it, Two Sets of AB and C with slanting parallel channel.
-> Bottom Out: You have figured out that Wave 4 would...
Before the trade, kindly use the rule of margin management for risk.
“There are a number of different types of techniques , and strategies but I used my own and mix research"
I hope you all are enjoying. Everything is plotted on the chart,... LIKE and Comment please .
Hi traders ,
One of my followers yesterday requested me to put some light on ITC , here this analysis for him and many more who are the part of this scrip or want to be. I circled an evening star pattern in white see this is tested by red long shooting star on red resistance. Clearly shows this pattern is active and you can see the effect...
Technical analysis of price information suggests that a rounding top may form at the end of an extended upward trend and that this price pattern may indicate a reversal in the long-term price movement.
The main point of recognizing the pattern is to anticipate a significant change in trend from upward trending prices to downward trending prices.
Channels are price ranges that a stock or other investment trades within over a period of time.
The chart above illustrates the key aspect of channels. They can reveal potentially important price levels, from a chart analysis perspective.
Chart users attribute these signals to the psychology of individual investors attaching significance to price points that are...