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importance of trendlines & how to spot winning trade through itTrendlines are a fundamental part of technical analysis and are used to identify the direction of an asset’s price movement over a specific period. They act as visual representations of market sentiment and help traders make informed decisions about entry and exit points. Let's break down the **importance of trendlines** and how to spot **winning trades** using them: **Importance of Trendlines** 1. **Identifying Market Trends**: - **Uptrend**: A trendline drawn below the price action (connecting the lows) shows that the market is in an uptrend. This means that the price is generally moving higher over time. - **Downtrend**: A trendline drawn above the price action (connecting the highs) shows that the market is in a downtrend, indicating that the price is moving lower over time. - **Sideways/Range-bound**: If the price is moving sideways without a clear direction, trendlines can help outline support and resistance levels and the range within which the asset trades. 2. **Support and Resistance Levels**: - Trendlines act as dynamic support (in an uptrend) and resistance (in a downtrend) levels. They help to predict where price might reverse or consolidate. - **Support**: In an uptrend, a trendline can serve as a floor where price bounces upwards. - **Resistance**: In a downtrend, the trendline can act as a ceiling where the price may struggle to rise past. 3. **Trend Continuation or Reversal**: - When the price reaches a trendline (either support in an uptrend or resistance in a downtrend), traders watch for signals of either trend continuation or reversal. - If the price breaks through the trendline with volume, it can signal the end of the trend and the potential for a trend reversal. 4. **Visualizing Price Patterns**: - Trendlines help you spot classic chart patterns like triangles, wedges, and channels, which are essential for predicting price breakouts or breakdowns. - Patterns like ascending triangles (bullish) or descending triangles (bearish) often form when the price is approaching trendlines, giving traders opportunities to enter trades. ### **How to Spot Winning Trades Using Trendlines** 1. **Confirm the Trend**: - The first step is to identify the overall market trend using trendlines. This could be an uptrend, downtrend, or sideways trend. - **Uptrend**: Draw a trendline connecting higher lows (supports). Only enter long positions in this case. - **Downtrend**: Draw a trendline connecting lower highs (resistances). Only consider short positions when the price is near the trendline. 2. **Breakout/Breakdown Points**: - The most significant trading opportunities arise when the price breaks through a trendline. A **breakout** (in an uptrend) or **breakdown** (in a downtrend) signals a potential change in market sentiment. - **Breakout**: When the price breaks above a descending resistance trendline in an uptrend, it’s often a bullish signal, suggesting the price may continue higher. - **Breakdown**: When the price breaks below an ascending support trendline in a downtrend, it’s a bearish signal, suggesting the price could move lower. 3. **Trendline Bounce**: - If the price approaches the trendline but doesn’t break it, this could be a sign of trend continuation. A **trendline bounce** occurs when the price hits the trendline and reverses in the same direction as the trend. - In an uptrend, a price bounce off an ascending trendline indicates continued buying pressure, and a trader might enter a long position. - In a downtrend, a bounce off a descending trendline signals continued selling pressure, and a trader might enter a short position. 4. **Confluence with Other Indicators**: - Combining trendlines with other technical indicators like moving averages, RSI, MACD, or candlestick patterns improves the reliability of your trade signal. - For example, if a price bounce off an uptrend trendline coincides with an oversold condition on the RSI, this increases the probability of a winning trade to the upside. - Similarly, if a price breaks below a trendline and is confirmed by a bearish MACD cross, that signals a stronger likelihood of a downtrend continuation. 5. **Volume Confirmation**: - Volume is a critical tool in confirming the strength of a trendline breakout or breakdown. A **breakout with high volume** suggests that the price move is supported by strong market interest and is more likely to continue. - A **breakout with low volume** could indicate a false signal or a lack of commitment to the price move. 6. **Trendline Reversal Patterns**: - Watch for trendline reversal patterns like **head and shoulders** or **double tops/bottoms**. These patterns often signal a trend reversal when the price fails to break through a trendline and instead forms a new price structure. - A **head and shoulders** pattern in an uptrend often leads to a trend reversal to the downside. Conversely, a **double bottom** at a trendline support level might signal a reversal from a downtrend to an uptrend. **Example of Using Trendlines in a Winning Trade** #### Step-by-Step Process: 1. **Identify the Trend**: Draw a trendline connecting the lows in an uptrend, or the highs in a downtrend. - Example: You see the price is in an uptrend, consistently forming higher lows. 2. **Look for Trendline Bounce or Breakout**: - As the price approaches the trendline, observe whether it bounces off the trendline or breaks through. - Example: The price approaches the trendline support and bounces off, signaling that buyers are still in control. 3. **Confirm with Indicators**: Look for confirmation using other indicators. If the RSI is above 30 (indicating bullish momentum) and the price is bouncing off the trendline, the setup looks favorable for a buy. 4. **Enter the Trade**: - **Long Trade**: You enter a long position after the bounce from the trendline, with a stop loss just below the trendline (to protect against a breakout below). - **Target**: Set a profit target based on the previous resistance level or use a risk-reward ratio of at least 2:1. 5. **Monitor Volume**: Check if the volume is increasing, indicating strong participation. If volume is higher during the bounce, the trend is likely to continue, and your trade could be successful. **Summary**: - **Trendlines** are vital for determining the direction of the market, identifying potential support and resistance levels, and confirming trend continuation or reversal. - **Winning trades** are spotted when price action interacts with trendlines — either by bouncing off them (continuation) or breaking through them (reversal). - Always combine trendline analysis with volume and other indicators to improve the reliability of your trade decisions. Using trendlines consistently and understanding their significance can greatly improve your trading strategy and help you identify high-probability trading setups.
NSE:BANKNIFTYEducation
by Optionclub
What is divergence based trading ?Divergence-based trading is a strategy used in technical analysis where traders look for discrepancies between the price movement of an asset and an indicator (like the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), or Stochastic Oscillator). These discrepancies, or "divergences," can signal potential changes in the direction of the price trend. There are two main types of divergences: 1. **Regular Divergence**: This occurs when the price forms a new high or low, but the indicator fails to confirm it by making a lower high or higher low, respectively. It can signal a reversal of the current trend. - **Bullish Divergence**: When the price makes a lower low, but the indicator makes a higher low, suggesting the downtrend may be weakening and a reversal to the upside could be coming. - **Bearish Divergence**: When the price makes a higher high, but the indicator makes a lower high, suggesting the uptrend may be weakening and a reversal to the downside could be coming. 2. **Hidden Divergence**: This type of divergence occurs when the price fails to make a higher high or lower low, but the indicator still shows a higher high or lower low. It can signal the continuation of the current trend. - **Bullish Hidden Divergence**: When the price makes a higher low, but the indicator makes a lower low, suggesting the uptrend may continue. - **Bearish Hidden Divergence**: When the price makes a lower high, but the indicator makes a higher high, suggesting the downtrend may continue. **How traders use divergence-based trading**: - **Reversal trades**: Regular divergence is often used to spot potential reversals, with traders entering positions when they expect a change in trend. - **Trend continuation**: Hidden divergence is used to confirm that the existing trend is likely to continue, so traders may look to enter trades in the direction of the current trend. Divergence trading relies on the belief that price and indicators should align, and when they don't, it often signals a potential shift in market behavior. However, divergence alone isn’t always enough for making trading decisions, so traders often combine it with other tools like support and resistance levels, trendlines, or volume indicators for better accuracy.
BITSTAMP:BTCUSDEducation
by Optionclub
learning momentum trading and becoming profitable**Momentum trading** is a popular strategy that focuses on buying securities that are trending in a strong direction (either upward or downward) and selling when the momentum starts to fade. The key idea behind momentum trading is to capitalize on the continuation of existing trends, rather than trying to predict reversals. Let’s dive into what momentum trading is and how to use it effectively to become profitable. **1. Understanding Momentum Trading** What is Momentum Trading?** - Momentum trading involves buying stocks or assets that are moving strongly in one direction and selling them when their momentum begins to fade or reverse. - Momentum traders rely on technical indicators to identify trends and assess the strength of those trends. Key Concepts in Momentum Trading**: - **Trend Following**: The foundation of momentum trading is that “the trend is your friend.” Momentum traders aim to follow the direction of the market rather than predict when it will change. - **High Volatility**: Momentum trades often occur in volatile markets, where prices are moving quickly. - **Short-Term Focus**: Momentum traders usually focus on short to medium-term moves. They look for rapid price changes over a few days or weeks. Momentum Trading vs. Value Investing**: - **Momentum Trading**: Focuses on assets that are rising in price (or falling in a short-term downtrend) and expects that movement to continue. - **Value Investing**: Looks for undervalued stocks that may eventually rise in price over the long term, but with less emphasis on short-term price movements. 2. Key Indicators for Momentum Trading** Momentum traders use a variety of **technical indicators** to gauge market trends and assess entry and exit points. Here are some key indicators: Relative Strength Index (RSI)**: - **What It Is**: A momentum oscillator that measures the speed and change of price movements on a scale of 0 to 100. - **Interpretation**: - An RSI above 70 typically signals that the asset is overbought and might soon reverse or experience a slowdown. - An RSI below 30 indicates that the asset is oversold and might rebound. Moving Averages**: - **What It Is**: A moving average smooths out price data over a specified period. - **Simple Moving Average (SMA)**: The average price over a set period (e.g., 50-day or 200-day). - **Exponential Moving Average (EMA)**: Places more weight on recent prices. - **Interpretation**: - When the price is above the moving average, it signals an uptrend, and when below, it signals a downtrend. - **Golden Cross**: When a short-term moving average (e.g., 50-day) crosses above a long-term moving average (e.g., 200-day), it’s a bullish signal. - **Death Cross**: When a short-term moving average crosses below a long-term moving average, it signals a bearish trend. #Moving Average Convergence Divergence (MACD)**: - **What It Is**: A momentum oscillator that shows the relationship between two moving averages of an asset's price. - **Interpretation**: - **Bullish Signal**: When the MACD line crosses above the signal line. - **Bearish Signal**: When the MACD line crosses below the signal line. - It also identifies overbought and oversold conditions. Average True Range (ATR)**: - **What It Is**: A measure of volatility that shows the average range of price movement over a set period. - **Interpretation**: - High ATR suggests high volatility (ideal for momentum trades). - Low ATR indicates a consolidation phase (momentum may not be strong). 3. Momentum Trading Strategies** Trend Following**: - **What It Is**: A straightforward momentum strategy where traders buy when an asset is trending upward and sell when it starts to lose momentum. - **How to Implement**: 1. **Identify a Trend**: Look for stocks with significant upward or downward price movement. 2. **Entry Point**: Enter when the price breaks out above resistance or below support, or when technical indicators like RSI or MACD confirm a strong trend. 3. **Exit Point**: Exit when the momentum weakens, such as when the RSI crosses above 70 (overbought) or below 30 (oversold), or when the moving average trend weakens. Momentum Breakouts**: - **What It Is**: Trading assets that break through key resistance or support levels with high volume, signaling that the momentum may continue. - **How to Implement**: 1. **Watch for Breakouts**: Look for stocks or assets breaking through a well-established resistance level with significant volume. 2. **Enter on Confirmation**: Enter the trade once the breakout is confirmed by volume and momentum indicators (such as MACD). 3. **Exit on Weakness**: Exit the position if the breakout fails or if the momentum indicators show that the trend is reversing. Pullbacks in a Trend**: - **What It Is**: This strategy involves entering a trade during a temporary reversal in the trend (a pullback), expecting the trend to resume. - **How to Implement**: 1. **Identify a Strong Trend**: Look for an asset with a clear upward or downward trend. 2. **Wait for a Pullback**: Enter the trade when the price temporarily retraces but stays within the trend’s direction (often near support levels or moving averages). 3. **Exit when Momentum Resumes**: Exit once the trend resumes, confirmed by indicators like RSI, MACD, or price action. 4. Risk Management in Momentum Trading** Momentum trading can be profitable, but it also comes with significant risks due to rapid price movements. Effective risk management is key to maintaining profitability: Position Sizing**: - **Determining Position Size**: Based on your account balance and the amount of risk you’re willing to take, decide how much capital to allocate to each trade. A common rule is to risk no more than 1-2% of your capital on a single trade. Stop-Loss Orders**: - **Setting Stop-Loss**: Place a stop-loss order below a recent support level (for long positions) or above resistance (for short positions). This limits losses in case the momentum fades or the trend reverses unexpectedly. Take-Profit Orders**: - **Setting Take-Profit**: Decide in advance where you’ll exit the trade with profits. This could be based on resistance levels, a fixed percentage profit, or a target set by momentum indicators. Avoid Overtrading : - **Trade Only with Confirmed Trends**: Stick to clear momentum signals and avoid trading in low-volume or choppy markets. Overtrading or chasing after every move can quickly lead to losses. 5. Tools and Resources for Momentum Trading** Platforms for Momentum Trading**: - **TradingView**: Offers advanced charting tools and access to real-time data for analyzing price trends and momentum indicators. - **MetaTrader**: Provides a variety of technical indicators and automated trading options. - **ThinkorSwim**: A platform by TD Ameritrade that offers advanced charting tools for momentum traders. Keeping Up with Market News**: - **Financial News**: Stay updated on market-moving events such as earnings reports, economic data releases, and geopolitical developments. - **Stock Screeners**: Use stock screeners like Finviz, StockFetcher, or Screener.co to find stocks with strong momentum indicators and high volume. 6. Practicing Momentum Trading** The best way to become profitable with momentum trading is to practice and refine your strategies. Here's how: - **Start with Paper Trading**: Many trading platforms offer paper trading accounts where you can practice without risking real money. - **Backtest Strategies**: Use historical data to test how your momentum strategies would have performed in the past. - **Track Your Trades**: Keep a trading journal to document your trades, strategies, and outcomes. This helps you learn from your successes and mistakes. - **Start Small**: Begin with smaller position sizes and gradually increase your exposure as you gain confidence and experience. **Conclusion** Momentum trading can be an exciting and profitable strategy if you know how to identify strong trends, manage risk, and use the right indicators. The key to becoming profitable is discipline, risk management, and continuously learning from both your successes and failures. By combining technical indicators, risk management techniques, and disciplined execution, you can improve your chances of success as a momentum trader. Keep refining your strategies, stay patient, and practice with real-time data until you feel confident.
NSE:ASIANPAINTEducation
by Optionclub
BANKNIFTY: Elliott Wave AnalysisBANKNIFTY counting using Elliott Wave theory is done from 13th January. We can see FLART- ZIGZAG- ZIGZAG CORRECTION marked in the chart. The top made on 6th February is marked as wave (W) because it has 3 moves in it. The fall after that was sharp and fast. This is the characteristic of wave (X). Now, according to my analysis price is standing on wave (B) of wave (Y). and as per previous observations, wave (Y) always crosses the top of wave (W), so we can expect it to go up to 100% extension. This not any buying or selling recommendation. This analysis is based on Elliott Wave theory and Fibonacci. For educational purpose only.
NSE:BANKNIFTY
by theprofityogi
4
ONGC - Did You Get Trapped in an Irregular Flat? – Elliott Wave I Told You So… The Market Whispers! Can You Hear Them? Back in April 2024, I warned you to be careful as the stock approached key resistance at 314, forming a Bearish Bat pattern with a Potential Reversal Zone (PRZ) between 300-275. The stock topped at 287, right at the edge of invalidation. Yet, if you got convinced of the rally above 300, then unfortunately, no one can help—but I did my job of warning you months in advance. This reminds me of BHEL, the stock we discussed a few days back. Let us talk about ONGC. The Irregular Flat structure caught many off guard. Did you get trapped? Because if the current wave unfolds impulsively, which it just started from the highs of 345, then welcome to reality! Warning Through Last Idea in April 2024 As shown in the chart snapshot, how Irregular Flats look has been illustrated next to the price chart. I have depicted the irregular path of flats that could unfold. This is how markets deceive, creating irregular structures that mislead traders. Elliott Wave calls this pattern an Irregular Flat—a trap that looks bullish before a sharp reversal wipes out weak hands. The Lesson? Patterns speak… if you listen carefully. I shared my insights long before the structure unfolded—and yet, if you got trapped, you now know why. Catch me later with another exciting idea of WaveTalks, Market Whispers! Can you hear them? Disclaimer: Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell.
NSE:ONGC
by WaveTalks
9
KNR CONSTRUCTIONS DATE 16.022025 KNR CONSTRUCTIONS DAY CHART Results Impact The company reported a 83 per cent rise in consolidated net profit during the third quarter to Rs 248.28 crore, as compared to Rs 135.68 crore in Q3FY24. However, the company's total revenue from operations slipped 15 per cent to Rs 848.1 crore, compared to Rs 9,960.1 crore year-on-year (Y-o-Y). Overview On Company KNR Constructions is a multidomain infrastructure project development company providing (EPC) engineering, procurement and construction services across various fast growing sectors namely roads & highways, irrigation and urban water infrastructure management. Its project execution strength primarily is in road transportation engineering projects namely construction and maintenance of roads, highways, flyovers and bridges wherever integral to the projects undertaken. Key Highlights From Balance sheet Market Cap ₹ 6,935.25 Cr II Enterprise Value ₹ 6,700.64 Cr. P/E 8.17 II P/B 1.79 Book Value (TTM) ₹ 137.59 CASH II ₹ 234.60 Cr. DEBT ₹ 0 Cr II Promoter Holding 48.81 % EPS (TTM) ₹ 30.18 II Sales Growth 9.27% ROE 16.57 % II ROCE 24.12% Profit Growth -1 % Technical Analysis Remarks 1 Closing below 200 EMA & Symmetrical Triangle under corrective wave 2 It will have a projection wave A around 220 3 We will review it again around 220 based on divergence at rsi & price action Regards, Ankur
NSE:KNRCONShort
by AnkurSingh
Professional Out Look ( Pattern identification) I have made efforts in Explaining Graphical representation of wave theory Which is referred as Price behavior in the form of wave of ocean As Per theory I have Identified Primary Move which is refereed as Impulse is completed and currently the Time & Price correction is taking place which is refereed as Corrective Pattern The current pattern is Zig Zag and is due for another price correction based on the Measured move method Forecast is made for Price of 425 at or near if you have any Questions please feel free to comment i will try to address it Thanks
NSE:AUBANK
by ShreeKrishna_F
Dow Jones Date : 16.02.2025 Dow Jones Timeframe : Day chart Remarks : 1 Formed Double top at recent trend 2 Formed Pennant pattern with support of 20 EMA at base of the flag 3 Had a Breakout from symmetrical Triangle pattern during Impulsive wave 4 Right now at 3-3-5 Flat Corrective Wave 5 As a rule, in Flat 3-3-5 Corrective Wave, if Wave B is equals Wave A forming double top kind of structure then projection of C will be below starting of Wave A as 5-3-5-3-5 Wave formation 6 Keep a close eye on breakdown of Pennant pattern below 20 EMA , Wave C will initiate Regards, Ankur
TVC:DJIShort
by AnkurSingh
learn fundamental analysis basic to advancelearn Fundamental Analysis from **basic to advanced**: --- ### **1. Basic Concepts of Fundamental Analysis** #### a. **What is Fundamental Analysis?** Fundamental analysis is the process of evaluating a company's financial health, industry position, and the overall economy to determine the true value of a stock or other financial asset. #### b. **Key Areas of FA:** - **Macroeconomic Factors**: Interest rates, inflation, GDP growth, unemployment, and fiscal policies. - **Industry Analysis**: Understanding the sector in which the company operates and how it affects the company’s performance. - **Company Analysis**: Evaluating a company’s financial health through its financial statements, management, competitive position, and future prospects. #### c. **Key Financial Statements:** - **Income Statement**: Shows profitability over a period (Revenue, Costs, Profit). - **Balance Sheet**: Provides a snapshot of a company’s assets, liabilities, and equity. - **Cash Flow Statement**: Details the inflows and outflows of cash, indicating the company’s liquidity. --- ### **2. Intermediate Level: Ratios & Metrics** #### a. **Earnings Metrics:** - **Earnings Per Share (EPS)**: Measures a company’s profitability on a per-share basis. \ - **Price to Earnings Ratio (P/E)**: Compares the stock price to the company's earnings. A higher P/E might indicate overvaluation or growth prospects. \ #### b. **Profitability Ratios:** - **Return on Equity (ROE)**: Measures a company’s ability to generate profit from its shareholders’ equity. \ - **Return on Assets (ROA)**: Indicates how efficiently a company uses its assets to generate profit. \ #### c. **Liquidity Ratios:** - **Current Ratio**: Measures a company’s ability to pay short-term liabilities with its short-term assets. \ - **Quick Ratio**: A more stringent test of liquidity (excludes inventory). \ #### d. **Debt Ratios:** - **Debt to Equity Ratio**: Measures a company's financial leverage. \ - **Interest Coverage Ratio**: Indicates how easily a company can pay interest on its debt. \ --- ### **3. Advanced Level: In-depth Analysis Techniques** #### a. **Discounted Cash Flow (DCF) Analysis** DCF is a valuation method used to estimate the value of an investment based on its future cash flows, adjusted for time value. - **Formula**: \ where: - \( \text{CF}_t \) = Cash Flow in year t - \( r \) = Discount rate (often WACC) - \( t \) = Time period #### b. **Economic Indicators**: - **GDP Growth**: Indicates the health of the economy and consumer spending power. - **Inflation**: Impacts purchasing power and can affect interest rates. - **Unemployment Rate**: High unemployment can indicate economic weakness, affecting company performance. #### c. **Dividend Discount Model (DDM)**: Used to value companies based on the present value of their future dividend payments. - **Formula**: \ where: - \( D_1 \) = Dividend in the next period - \( r \) = Required rate of return - \( g \) = Dividend growth rate #### d. **Economic Moats**: A company’s competitive advantage that protects it from competition and allows it to maintain profits over time. Common moats include: - **Brand Recognition**: Brands like Apple and Coca-Cola. - **Cost Advantages**: Efficient production methods or economies of scale. - **Network Effects**: Platforms like Facebook or eBay where more users make the service more valuable. --- ### **4. Sector-Specific Analysis** #### a. **Tech Sector**: Look for growth potential, intellectual property, R&D, and scalability. #### b. **Consumer Goods**: Focus on brand strength, market share, and economic cycles. #### c. **Financial Sector**: Analyze loan growth, interest rate sensitivity, and regulatory environment. --- ### **5. Risk Analysis and Management** #### a. **Beta**: Measures the volatility of a stock in comparison to the market. A beta of 1 means it moves in line with the market. #### b. **Country Risk**: Political and economic stability of the country in which the company operates. --- ### **6. Real-World Applications of Fundamental Analysis** #### a. **Stock Selection**: Using financial ratios and valuation models (like DCF) to choose stocks that are undervalued. #### b. **Portfolio Diversification**: Combining assets from different sectors and industries to reduce risk. #### c. **Long-term Investing**: Based on solid fundamentals like growth prospects, stable cash flow, and profitability. --- ### **Books and Resources to Learn FA** - **“The Intelligent Investor” by Benjamin Graham** – The classic on value investing. - **“Common Stocks and Uncommon Profits” by Philip Fisher** – A great book for understanding qualitative analysis. - **“Financial Statement Analysis and Security Valuation” by Stephen Penman** – A detailed guide to company analysis. - **Online Courses**: Coursera, Udemy, or edX have comprehensive courses on financial analysis. --- ### Conclusion Mastering Fundamental Analysis requires a blend of theoretical knowledge, practical experience, and continuous learning. Start by learning the key ratios and financial statements, and then progress to advanced valuation techniques like DCF and economic moats. Always stay updated on the macroeconomic environment, as it plays a crucial role in shaping the performance of individual companies.
NSE:ADANIENTEducation
by Optionclub
Banknifty if break 48700 then sell until buy on dipHow to take trades using Harmonic pattern projection Trade setup is explained below :- Entry : 1st D point : 0% is recent top or bottom. Trailing SL: 17.5% is work as trailing SL of buy or sell trade if hit then we have to book profit .If price goes below 17.5% then early or risky traders can reversal trade , Targets : Target T1 : 28.3% Target T1 : 37.8 % Target T3 : 48.1% T3: 60.2% to 66.9 % is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again Next Targets are 77.5 % , 88.1 % 100% , 113.5 % , 127.3% , 141.2% and 160.2 , 177.5. final Target 200% 160.2 to 177.5% if profit booking area so book full profit and wait for reversal. How to take reversal trade : If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based . After showing reversal levels wait for confirmation until 17.5 % or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell . Trailing SL: After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside) Re- Entry : For Re-entry in any pull back Point D ( 9.3% ) is used for re-entry then SL recent high or low Point D ( 0% ) . Target is same as early 17.5 % , 28.3 , 37.8 and so on Blue Line is 1st support/ Resistance Green line is 2nd support/ resistance Red line is 3rd Support/ resistance
NSE:BANKNIFTYLong
by EquityCommodityForexJaiprakash
Nifty levels for next week buy above 23130 sell below 22770How to take trades using Harmonic pattern projection Trade setup is explained below :- Entry : 1st D point : 0% is recent top or bottom. Trailing SL: 17.5% is work as trailing SL of buy or sell trade if hit then we have to book profit .If price goes below 17.5% then early or risky traders can reversal trade , Targets : Target T1 : 28.3% Target T1 : 37.8 % Target T3 : 48.1% T3: 60.2% to 66.9 % is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again Next Targets are 77.5 % , 88.1 % 100% , 113.5 % , 127.3% , 141.2% and 160.2 , 177.5. final Target 200% 160.2 to 177.5% if profit booking area so book full profit and wait for reversal. How to take reversal trade : If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based . After showing reversal levels wait for confirmation until 17.5 % or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell . Trailing SL: After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside) Re- Entry : For Re-entry in any pull back Point D ( 9.3% ) is used for re-entry then SL recent high or low Point D ( 0% ) . Target is same as early 17.5 % , 28.3 , 37.8 and so on Blue Line is 1st support/ Resistance Green line is 2nd support/ resistance Red line is 3rd Support/ resistance
NSE:NIFTYShort
by EquityCommodityForexJaiprakash
Crude trying to make bottom if break 6200 then buy onlyHow to take trades using Harmonic pattern projection Trade setup is explained below :- Entry : 1st D point : 0% is recent top or bottom. Trailing SL: 17.5% is work as trailing SL of buy or sell trade if hit then we have to book profit .If price goes below 17.5% then early or risky traders can reversal trade , Targets : Target T1 : 28.3% Target T1 : 37.8 % Target T3 : 48.1% T3: 60.2% to 66.9 % is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again Next Targets are 77.5 % , 88.1 % 100% , 113.5 % , 127.3% , 141.2% and 160.2 , 177.5. final Target 200% 160.2 to 177.5% if profit booking area so book full profit and wait for reversal. How to take reversal trade : If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based . After showing reversal levels wait for confirmation until 17.5 % or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell . Trailing SL: After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside) Re- Entry : For Re-entry in any pull back Point D ( 9.3% ) is used for re-entry then SL recent high or low Point D ( 0% ) . Target is same as early 17.5 % , 28.3 , 37.8 and so on Blue Line is 1st support/ Resistance Green line is 2nd support/ resistance Red line is 3rd Support/ resistance
MCX:CRUDEOIL1!
by EquityCommodityForexJaiprakash
Copper sell on rise 844-841 downside Target sell on riseHow to take trades using Harmonic pattern projection Trade setup is explained below :- Entry : 1st D point : 0% is recent top or bottom. Trailing SL: 17.5% is work as trailing SL of buy or sell trade if hit then we have to book profit .If price goes below 17.5% then early or risky traders can reversal trade , Targets : Target T1 : 28.3% Target T1 : 37.8 % Target T3 : 48.1% T3: 60.2% to 66.9 % is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again Next Targets are 77.5 % , 88.1 % 100% , 113.5 % , 127.3% , 141.2% and 160.2 , 177.5. final Target 200% 160.2 to 177.5% if profit booking area so book full profit and wait for reversal. How to take reversal trade : If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based . After showing reversal levels wait for confirmation until 17.5 % or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell . Trailing SL: After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside) Re- Entry : For Re-entry in any pull back Point D ( 9.3% ) is used for re-entry then SL recent high or low Point D ( 0% ) . Target is same as early 17.5 % , 28.3 , 37.8 and so on Blue Line is 1st support/ Resistance Green line is 2nd support/ resistance Red line is 3rd Support/ resistance
MCX:COPPER1!Short
by EquityCommodityForexJaiprakash
Natural gas sell below 315 break, avoid buy trade at cmp How to take trades using Harmonic pattern projection Trade setup is explained below :- Entry : 1st D point : 0% is recent top or bottom. Trailing SL: 17.5% is work as trailing SL of buy or sell trade if hit then we have to book profit .If price goes below 17.5% then early or risky traders can reversal trade , Targets : Target T1 : 28.3% Target T1 : 37.8 % Target T3 : 48.1% T3: 60.2% to 66.9 % is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again Next Targets are 77.5 % , 88.1 % 100% , 113.5 % , 127.3% , 141.2% and 160.2 , 177.5. final Target 200% 160.2 to 177.5% if profit booking area so book full profit and wait for reversal. How to take reversal trade : If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based . After showing reversal levels wait for confirmation until 17.5 % or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell . Trailing SL: After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside) Re- Entry : For Re-entry in any pull back Point D ( 9.3% ) is used for re-entry then SL recent high or low Point D ( 0% ) . Target is same as early 17.5 % , 28.3 , 37.8 and so on Blue Line is 1st support/ Resistance Green line is 2nd support/ resistance Red line is 3rd Support/ resistance
MCX:NATURALGAS1!Short
by EquityCommodityForexJaiprakash
Silver XAGUSD downside Target 31.17 -30.95 sell on riseHow to take trades using Harmonic pattern projection Trade setup is explained below :- Entry : 1st D point : 0% is recent top or bottom. Trailing SL: 17.5% is work as trailing SL of buy or sell trade if hit then we have to book profit .If price goes below 17.5% then early or risky traders can reversal trade , Targets : Target T1 : 28.3% Target T1 : 37.8 % Target T3 : 48.1% T3: 60.2% to 66.9 % is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again Next Targets are 77.5 % , 88.1 % 100% , 113.5 % , 127.3% , 141.2% and 160.2 , 177.5. final Target 200% 160.2 to 177.5% if profit booking area so book full profit and wait for reversal. How to take reversal trade : If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based . After showing reversal levels wait for confirmation until 17.5 % or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell . Trailing SL: After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside) Re- Entry : For Re-entry in any pull back Point D ( 9.3% ) is used for re-entry then SL recent high or low Point D ( 0% ) . Target is same as early 17.5 % , 28.3 , 37.8 and so on Blue Line is 1st support/ Resistance Green line is 2nd support/ resistance Red line is 3rd Support/ resistance
OANDA:XAGUSD
by EquityCommodityForexJaiprakash
Silver 92900-92300 downside Target sell on every rise How to take trades using Harmonic pattern projection Trade setup is explained below :- Entry : 1st D point : 0% is recent top or bottom. Trailing SL: 17.5% is work as trailing SL of buy or sell trade if hit then we have to book profit .If price goes below 17.5% then early or risky traders can reversal trade , Targets : Target T1 : 28.3% Target T1 : 37.8 % Target T3 : 48.1% T3: 60.2% to 66.9 % is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again Next Targets are 77.5 % , 88.1 % 100% , 113.5 % , 127.3% , 141.2% and 160.2 , 177.5. final Target 200% 160.2 to 177.5% if profit booking area so book full profit and wait for reversal. How to take reversal trade : If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based . After showing reversal levels wait for confirmation until 17.5 % or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell . Trailing SL: After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside) Re- Entry : For Re-entry in any pull back Point D ( 9.3% ) is used for re-entry then SL recent high or low Point D ( 0% ) . Target is same as early 17.5 % , 28.3 , 37.8 and so on Blue Line is 1st support/ Resistance Green line is 2nd support/ resistance Red line is 3rd Support/ resistance
MCX:SILVER1!Short
by EquityCommodityForexJaiprakash
Gold MCX bearish M pattern active 82300-82200 1st Target How to take trades using Harmonic pattern projection Trade setup is explained below :- Entry : 1st D point : 0% is recent top or bottom. Trailing SL: 17.5% is work as trailing SL of buy or sell trade if hit then we have to book profit .If price goes below 17.5% then early or risky traders can reversal trade , Targets : Target T1 : 28.3% Target T1 : 37.8 % Target T3 : 48.1% T3: 60.2% to 66.9 % is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again Next Targets are 77.5 % , 88.1 % 100% , 113.5 % , 127.3% , 141.2% and 160.2 , 177.5. final Target 200% 160.2 to 177.5% if profit booking area so book full profit and wait for reversal. How to take reversal trade : If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based . After showing reversal levels wait for confirmation until 17.5 % or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell . Trailing SL: After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside) Re- Entry : For Re-entry in any pull back Point D ( 9.3% ) is used for re-entry then SL recent high or low Point D ( 0% ) . Target is same as early 17.5 % , 28.3 , 37.8 and so on Blue Line is 1st support/ Resistance Green line is 2nd support/ resistance Red line is 3rd Support/ resistance
MCX:GOLD1!Short
by EquityCommodityForexJaiprakash
Gold Bearish M pattern active, 2830-2825 1st Target, How to take trades using Harmonic pattern projection Trade setup is explained below :- Entry : 1st D point : 0% is recent top or bottom. Trailing SL: 17.5% is work as trailing SL of buy or sell trade if hit then we have to book profit .If price goes below 17.5% then early or risky traders can reversal trade , Targets : Target T1 : 28.3% Target T1 : 37.8 % Target T3 : 48.1% T3: 60.2% to 66.9 % is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again Next Targets are 77.5 % , 88.1 % 100% , 113.5 % , 127.3% , 141.2% and 160.2 , 177.5. final Target 200% 160.2 to 177.5% if profit booking area so book full profit and wait for reversal. How to take reversal trade : If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based . After showing reversal levels wait for confirmation until 17.5 % or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell . Trailing SL: After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside) Re- Entry : For Re-entry in any pull back Point D ( 9.3% ) is used for re-entry then SL recent high or low Point D ( 0% ) . Target is same as early 17.5 % , 28.3 , 37.8 and so on Blue Line is 1st support/ Resistance Green line is 2nd support/ resistance Red line is 3rd Support/ resistance
OANDA:XAUUSDShort
by EquityCommodityForexJaiprakash