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Hi, This idea is about the very promising ABC pattern and the most optimal ways to enter into this pattern. ✅ABC Pattern This is considered as a continuation pattern. There has to be a strong trend up/down in the background. Wave A: Minor correction against larger trend, usually not more than 5-10% Wave B: Another attempt to push the price higher but could...

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Hi, In this idea I will try to throw some light upon the traders' favorite tool, that is trendlines (also known as dynamic support and resistance). Trendlines represent the direction of trend- up or down. They also indicate the strength of the trend. Steeper trendlines means more momentum than a less steeper trendline. The following discussion would focus mainly...

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Hi This is my first video idea on this website and this is about adding watchlists. I have tried to keep things raw and simple so that everybody understands it. There might be some other methods, of course, for this purpose but this is the one that I prefer to use. This method works in India and I have taken reference lists from the NSE India website. Excuse me...

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Triangles are very common and promising patterns. Normally they are considered as continuation patterns in the direction of prevailing trend. I am presenting here three useful entry techniques. None is better than the other and each one has its own strengths and weaknesses. ANTICIPATION SETUP As the name suggests, the trade is taken before the triangle...

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Hi You must have often heard that a resistance once taken out could act as a potential support level. Let us see through this chart how this happens. Firstly there is a strong resistance zone on the left bottom of the chart, which is also 2019 high. Price took a knee jerk reaction from that level. Many traders would have bought near the highs in a bull market but...

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There are three types of technical indicators that I have listed in this post- Trend, Momentum and Volatility . This is not an exhaustive but selective list of indicators. The selection is based upon the most useful and the most popular ones. 🔊 General Definitions ✔ Trend Indicators : They represent the overall direction of the market. These indicators lose...

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As per my personal experience the following are the most primary reasons for failure in trading - applicable to all types of new traders and all the markets. Well! this is not an exhaustive list but the most reasonable one. 🚩 No Plan of Action Trust me on this one, most traders fail to build a plan of action and fail. It is not only true for new traders but...

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Nifty is in consolidation phase. This may or may not lead to a bear market and let’s not discuss it as of now. I will try to analyze Nifty, on the basis of support and resistance levels and time cycles, for the next possible swing and its direction. Support and Resistance levels ------------------------------------- It can be seen on the chart that Nifty made a...

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Hello traders 👋 how are you? As we know it is not just chart analysis or strategies that bring success in trading but there are other physical-psychological 🦾 factors also that silently act in the background and can enhance trading efficiency. In this post I have tried to throw some light on the daily schedules ⏰ that can help traders to improve their trading...

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Buying Climax: is a situation on the chart that represents ‘exhaustion’. This is the sharpest upward price surge where the last set of buyers enter the stock, thinking that the stock is going to the moon and never look back. This also reflects ‘Greed’ entering in to the stock. Investors who bought at the lower prices, during accumulation, take it as an...

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In my opinion learning in any field is connected to the "Four stages of Competence" and trading is no different. This post also answers why most traders lose in the stock market. Following are the four stages which every trader has to pass before attaining success. Unconscious Incompetence ---------------------------------- This stage belongs to the newbie...

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We can observe on the monthly chart that market is moving up in waves. There are up waves and there are down waves. Up waves are larger than down waves, so it is an uptrend. It can also be seen that after every up wave there is a correction of the order of 40% to 50% Based upon this historical data, we can expect a correction of this magnitude in the current...

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Here are a few important lessons that can help traders and investors to survive in the markets and become profitable over a period of time. Risk Management ---------------------- Whether you are an options trader or cash market investor, risk management is the most important concept to deal with. You should always prescribe our risk before entering the trade....

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Fear of Missing Out ------------------------ You missed a great opportunity yesterday. You take it as a mistake and don’t want to repeat it. So, today you enter in a hurry, deviating from your edge/strategy thinking that you will nail it this time. But that might not be the case. Missing an opportunity, because it was not in-line with your back tested strategy,...

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A rising wedge is a bearish pattern when it appears at the top of a mature uptrend. It signifies that a potential top might be in the offing. The duration (short/medium/long term) of the top depends upon the timeframe on which it appears. Preconditions ------------------ > A strong mature (multi-day/week)trend in the background > Wave HH1 to be extremely smaller...

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Ichimoku clouds are one of the best indicators to not only ride trends but also to avoid sideways markets. It has five components: 1. Conversion line 2. Base line 3. Leading Span A 4. Leading Span B 5. Lagging Span (not shown on the chart above) I would not go into details of how the calculations are made to draw these lines because the software would do it for...

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Nifty has been trading in an uptrend channel since 25th Jan. The volatility has been high since then due to budget expectations or news. There are wild 300-400 point swings in this channel range. Nifty has retraced 61.8% of the down wave from 18Jan to 25Jan and facing resistance. Currently Nifty is at the bottom range of the channel. If it takes support here then...

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AuroPharma has pulled back to a level which was previously a resistance zone near 600. This zone may act as a support now because of a basic principle of support and resistance. "A resistance once broken on the upside may turn into a support later on. Conversely, a support once broken down may act as resistance later on". The level 600 coincides with the 61.8%...