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Trend

TATA CONSUMER PRODUCT Wait And Watch ?? Look for Low risk, High reward, and High Probability setups- Things to Remember while Trading with the Trend 1. Know what the trend is. 2. The best trades are made in the direction of the trend. 3. Assume that the main trendline or moving average will hold. 4. The longer the moving average is, the better it defines the trend. 5. Wait for the pullback. 6. Don’t chase the market. 7. Don’t fight the market. 8. Even in the strongest trends there should be some retracement. 9. The closer the market is to the trendline, the better the risk/reward ratio is. 10. Use ADX to determine the strength of the trend. 11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy 12. Hold trades longer in a strong trend. 13. Wait for confirmation of a trendline breaking before reversing position. 14. Know where the Support levels are. 15. Place stops outside the Support levels. Thank You..
NSE:TATACONSUMLong
by Rvkachhadiya
22
Gold Coming at a Important Price LevelGold is Giving Contradicting Signals at The Moment : Bullish Case : 1. COT Reports are Bullish 2. Weekly Momentum is Still Bullish Bearish Case : 1. Decline on Daily Chart Looks 5 Wave 2. Daily Momentum is Still Bearish What to do then? 1. On Weekly Charts 1650-1675 Area is Very Crucial- It has horizontal solid Support Line, My Channel Bottom and 200 week MA support 2. It may just go Below 1670 to complete ABC Structure 3. So watch this area carefully - Make or Break for gold 4. BUT looking at COT Reports, i will be biased for Longs and wait for Daily Momentum to turn UP.
COMEX:GC1!
by PradeepRajput
EURUSD rebound needs validation ahead of Eurozone inflationHaving refreshed the multi-year low the previous week, EURUSD rose during the last two days. That said, the pair traders await flash readings of Eurozone inflation data for August on Wednesday for fresh impulse as they poke a two-week-old resistance line, around 1.0050 by the press time. If the data manages to propel the prices to cross an immediate hurdle, the 100-EMA level surrounding 1.0075 and the 1.0100 threshold will act as the last defenses for the sellers. It’s worth noting that the pair’s upside past 1.0100 enables buyers to aim for the 61.8% Fibonacci retracement level of August 10-23 downside, near 1.090, wherein the mid-August swing low of 1.0121 may offer an intermediate halt. On the flip side, the 0.9980 and 0.9950 levels can offer nearby support to the EURUSD pair during its fresh declines. Following that, the 19-year low marked in the last week at around 0.9900 should gain the market’s attention. Also acting as the downside filter is the 61.8% Fibonacci Expansion (FE) of August 12-26 moves, near 0.9860. Elsewhere, steady RSI and the sluggish MACD signal that the bears are running out of steam. However, it all depends upon the Consumer Price Index (CPI), recently known as the Harmonized Index of Consumer Price Index (HICP).
by MTradingGlobal
How to Draw Trend lines In a ChartSteps To Follow - 1- Open The Chart In DTF (Daily Time Frame) 2- Switch To Line Graph To Capture CLOSING PRICE Of Stock 3- Now Take Trend Line From Your TOOLS and Construct A Trend Line (Joinig the CLOSING PRICE of Stock) 4- After Constructing The Trend Line ( SEE ALL POSSIBLE CLOSSING PRICES IN THE CHART ) 5- Now Switch to CANDLESTICK CHART 6 Now see where your stock price moving ( IF IT IS AT GOOD TRADE ABLE LEVELS THEN INITIATE YOUR TRADE AS PER YOUR SETUP ) NSE:DYNAMATECH
NSE:DYNAMATECHEducation
by adityagupta1