Bajf had a strong sell of which drove it back below the axis line. There could be a possible short setup which i ll present on the lower time frame. For more information on the Axisline topic read my previous post. Regards
Hi Its not uncommon to see a stock trading within a range but its uncommon to see a stock playing around the axis line in a disciplined fashion on higher time frames. For an axis line to develop, firstly we should have an uptrend and a downtrend line converging at the apex as in this case. After that we should look for points where the price is rejected multiple...
The stock has been confronting with a heavy selling pressure near 1820 zone since September 2019. I can clearly observe 3 to 4 million share prints around this level. Even the March 2020 fall began with a 6 million print in the same zone. Currently the stock has been testing the 1820 zone and again there is a 3.7 million share print. This observation has been...
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BTC went through a strong bearish phase till middle of March and entered in to a weak rally till first week of April. Since then it has been showing signs of weakness as shown by the simple trend following (High-Low) mechanism on the chart. If the current trend continues we may see 5850 and 4810 test. I do not trade BTC and all the above views are personal. Hit...
What market doesn't like is high volume and it hates when it is immediately followed a clear sign of distribution. Its definite that smart money has taken advantage of the parabolic markup and they have started to sell at their favorite auction price. They trap the gullible retail trader at the top and drive the price down to the potential stop loss of the...
There is some weakness in the fist half an hour of trading. It is highly likely that we stay with in the yesterday's range with probability of choppy action.
Notes on the chart. Hit like/comment if you find this idea useful and educative. @jaysingh_2020
The indices may give a 1000 point push beyond day high but we need to look for strength beyond this level. On the flip side any weakness below the spring may take us to 18000 or lower. Trade safe #jaysingh_2020
Notes on the chart. Hope this analysis will add to your knowledge.
Hi In this article I will discuss how classic market tops develop and in this background I will try to analyze whether our market meets the conditions necessary for it to be declared at its top. Acceleration As we can see that market was behaving nicely in the primary channel (white). Suddenly it changed its behavior and started to accelerate in a new channel...
What would be trading without an edge? Would it be like tossing a coin with 50% chances of getting a head or a tail. I dun think so. I think it would be around 25%, that too if you dun mess with your trades. So what is an edge? In broader sense, the edge is your trading plan which includes predefined entries and exits. In narrower sense, it is technical analysis...
There is general perception among the traders that if you place a stop loss order, it 'll be taken out sooner than later. Even I published similar idea in one of my posts (I ll tag below later). So "Stops get taken" is the general concept. Is it valid or not? Let us check with a simple logic and a few assumptions. I am using a simple assumption that stops get...
Nifty had a small upthrust above 11760 resistance before it started its downtrend. It held 11550 level for some time and then broke down. My hypothesis is that It may hold 11200 for a week or so and then go for the retest of potential support zone (10900-11100). As the volatility is high, smooth price action should not be expected. Historically speaking, we had a...
Notes on the chart. Do like and comment. Regards