Generally we see these patterns at the bottom or top of a rally. The market has to be in a prevailing trend for the last many waves. The wedge patterns suggest slow and gradual loss of momentum in the prevailing trend. This is a potential signal that a reversal is on the cards. Wedge formation can also be associated with decreasing volume, which act as another...
It is advised to do backtesting on the instruments you want to trade. You can also play with the moving average as different instruments respect different moving averages, some would respect 50 while other may respect 20 or 100. Avoid this model in a sideways market when the moving average is flat / wavy. Trade when the EMA is trend up or down at a reasonable...
Hey guys I think I published the idea on US version by mistake. Republishing in Indian version through this link. Regards
A brief introduction to the interpretation of some popular candlesticks. Regards
You can be a better trader. Just read and follow. Regards
Stock market is not made for retail traders to win. It is made for them to lose and that is the only way professionals can make money. They will drift retailers out in a shake out and force them to commit on the wrong side of the market. And trust me or not, this is the only way they can make money in the stock market. There are a few reasons why the...
The price action is saying that this breakdown might fail but still we have to be prepared for both the sides. Read the H&S educational post attached to this idea. Please do not consider this idea as a tip. It is an analysis for the traders who want to learn practical technical analysis. Do like and comment. Regards
Notes on the chart Regards
Notes on the chart. Do like and comment. Regards
All necessary details on the chart itself. Do like, comment and share. Regards
This is a potential buy setup in this uptrend with SL 338.75 and targets 379 or higher towards 400 resistance zone. Hit like comment Regards
May breakout for the specified targets
Maruti has been moving in an uptrend channel. Currently its in consolidation phase on this smaller time frame where price drifted down to 5885 zone. It may retest this level again before breaking out of the trend line for a target of 6025-6050. 1. Let the price settle down in the 5885 zone or lower before taking trade. 2. If price opens with a gap above trend...
Notes on the chart Do like comment share Regards
Notes on the chart Do like and comment Regards
Everything is explained on the chart. Do like and comment. Regards JJSingh
The stock tried to bottom near March 2020 lows which also coincided with the 23 Oct 2018 gap zone at 2083. After a couple of attempts the stock finally broke the lows in April and took support near an important monthly level at 1912, which has also been 61.8% retracement of BajF's life time bull market. The stock faced a strong upside bounce of 26%. It tried to...