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W-patterns

ITC - Count Seven & Go To Heaven (Wave Analysis)Disclaimer ----------------------------- All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. ---------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------- Once Seven Waves are done on the upside- structure completes & Next larger degree wave could start soon for ITC which most probably points to the downside direction but as a trader, we have to put proper risk management to get a maximum advantage (check trading strategy mentioned below) Importance of Number Seven ------------------------------------------ Number 7 came from - Seven headed flying horse - "Uchchaihshravas" was obtained during churning of milk ocean (Samudra Manthan - as suggested Hindi) Horses signify Seven days in a week Seven sages called Saptarishi Seven colours of the rainbow Seven Chakras of Yoga --------------------------------------------------------------------------------------------------------- Last TradingView Status Update -------------------------------------------------------- 11:36 Hrs / 9th July 2020 - ITC Stock Update - Please check last idea-"Bearish Gartley" Suggested Buy above 195 for 200 & 205-207. We can repeat the same strategy again. Strictly Buy Above 195 for 200 & 205 upsides or Sell Below 194. Thanks --------------------------------------------------------------------------------------------------------- TradingView Profile Page for Previous “ITC” stock ideas ----------------------------------------------------------------------- in.tradingview.com ---------------------------------------------------------------------------------------------------------- Trading Strategy ---------------------- Plan A ------------------------ Strictly holding above 195 – look for Target 1- 200 & Target 2 – 205/207 which is valid & open only if the stock crosses above 200 & holds – that means it should not slip or fall below 200 level Plan B ----------------------- Strictly Selling below 194 for Target 1 – 190/191 & Target 2 – 185 open or valid if stock slips below 190 Plan C ---------------------- No trade zone or strictly avoid any trading between 194-195 zone & Execute Plan A or Plan B according to the price movement Plan D ( Long Term Analysis) --------------------------------------------- Scenario – Reaches close to 209 & fails to cross on the upside then sell or if crosses above 209.50 then sell later – Target 1 – 180 / Target 2 (Strictly Below 180) for 157-158 / Target 3 – (Strictly Below 157-158) – 135 which is final target downside --------------------------------------------------------------------------------------------------------------------- Thanks for watching the idea. Take Good Care of Yourself & dear ones. Good Night
NSE:ITC
by WaveTalks
35
Descending Triangle Pattern Real-Time education.This pattern important role in the breakout to the downside (Some analysts believe that increased volume is not all that important).We always consider the strength or weakness of volume as being the "straw that stirs the drink." Let see what will happen here minutely and something we can conclude. How can we trade descending triangles? Let's check below will reliable or not on real-time. Typically you want to buy after the pattern breaks resistance. It is good practice to set a stop-loss just below the last significant high. Hit LIKE button if you want to learn REAL-TIME PATTERN notification.
NSE:NIFTYEducation
by Trade-Technique
11
Tails and When to use it?TAIL, This is a reversal of prior trend pattern that shows up as one candle reaching out well beyond normal price action. Sometimes referred to as a Hammer which is used to spot signs of a reversal indication . For Example, 1 Tail at a value low and Psychologically, this can signal exhaustion in the selling mentality and a developing appetite for long exposure among traders. Being able to read this market behavior will add value to a trader’s analysis. Furthermore, the same sort of reversal in emotion can be seen in the other direction. Vice versa, 3 Tails at Value high and seen price rejection and change in direction. The " volume " surged 2x from average volume when TAIL is created. 3 Tails at " Value High " of the channel and 1 Tail at the " Value Low " of the channel.
NSE:SBINEducation
by Trade-Technique
8