Patterns in Candlestick Charts
Candlestick charts are an excellent way of understanding the investor sentiment and the relationship between demand and supply, bears and bulls, greed and fear, etc. Traders must remember that while an individual candle provides sufficient information, patterns can be determined only by comparing one candle with its preceding and...
I have noticed an RSI VS PRICE Divergence on VI chart. Here the price is constant, whereas RSI has declined over the same period. Feel free to comment with your understanding of the same. How will the price reacts because of this.
Candlestick patterns, which are technical trading tools, have been used for centuries to predict price direction.
There are various candlestick patterns used to determine price direction and momentum, including three line strike, two black gapping, three black crows, evening star, and abandoned baby.
However, it’s worth noting that many signals emitted by...
VI has bounced back up from the crucial support zone.
RSI -> Cross-up - 30
Stochastic %D -> Below 30
Stochastic %k -> Above %D
Basically what this indicates is that the stock has gained upward momentum as the Stochastic oscillator has crossed and the stock is not within the RSI zone. The volume filter is kept to weed out any...
For educational purpose only.
Reasons for bullish movement of idea:
1.Had crossed a major support, shown above.
2.Inverted head and shoulder breakout.
3.Flag and pole breakout.
4.50 and 200 EMA breakout.
5.Other markets also seems bullish.
Take entry after closing of green candle above 50 EMA in 30 minutes and 1h time frame. And see other markets also. If you...
Vodafone Idea share price rose almost 10% in Friday's early trade after the telecom major announced that it has sold its 11.15% stake in Indus Towers for Rs 3,760 crore. Now it can go more higher. and ichimoku cloud is also giving a signal of strong buy. in this analysis take entry after when trend line breaks and sustains and starts shooting up.. targets are...
formation of a bullish triangle with bullish divergence in the MACD and bearish RSI so I feel a pull back to the support and then we break the bullish triangle. Measured move and target mentioned, start taking profit early and wait for breakout of bull triangle for a safer trade.
IdeaVodafone has gone through two phases of Price Action, Accumulation, Advance phase over. It is in distribution phase. Traders slowly offloading their holdings. It is at crucial support, be careful to enter with Strict SL or avoid. Decline will be unstoppable! (Take this as educational only)
Vodafone Idea Ltd. engages in the provision of telecommunication services. It provides pan India voice and data services across 2G, 3G and 4G platform. The company was founded on March 14, 1995 and is headquartered in Mumbai, India.