Chaser30

Chaser30

Probably all of you have might have heard of 'states' of 'matter', let me remind you once again "state of matter is one of the distinct forms in which matter can exist" but why am I talking about this stuff it's because the Market also has 'states' of 'market' you can define them in the same way " state of the market is one of the distinct forms in which market...

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Before heading towards a trade idea, let me clear you about the pennant chart pattern. ->This pattern is majorly divided into two components 'pole' and 'pennant'. ->This kind of pattern forms when a stock has seen a huge and steep rally which makes a 'pole' component of the pattern. -> After the rally, that particular stock goes into a hibernating period, which...

Chaser30

In this color season let's have an insight into how the market plays 'Holi' with traders with its binary colors. The above line sounds fascinating but it's not let me elaborate a bit more. Yes, the market plays with colors with traders but the market uses only binary colors. Many of you may think of white and black as binary colors, but this is not the case...

Chaser30

In this real world, there is various philosophy that tries to explain the "As above, so below" harmony is the great law of nature but none can prove this law hence it's still a hypothesis. The law of nature works on everything and the stock market is not untouched by nature. I am not here to give a lecture on this law of nature but to prove how this harmony of...

Chaser30

A very strong reversal pattern is visible in nifty intraday charts i.e. Inverted head and shoulder which indicates that the fall is over for now and we could see a sweet reversal. Also, nifty is taking support around the golden 0.618 retracement level which coincides with 200DEMA. Reverse Divergence is visible on RSI indicating a fall in the strength of...

Chaser30

In the stock market, if you are not inside, you are outside. I expect all those reading this article wants to be inside the market. So, if you want to participate in the market then you must develop a deep insight into the key market players i.e. your competitors who drive day to day movement of the market. Key Market Players:- The following are the three...

Chaser30

We all have witnessed the bombastic rally of Gold & Silver, now it seems that companies that are engaged in business related to gold & silver are going to buzz. Let's have a detailed overview of the stock in prominent timeframes. Daily Timeframe: - Goldiam has shown a breakout from a right-angled broadening wedge pattern which was under construction for...

Chaser30

This publication is dedicated to thanking the 'Santa' of the ‘Traders’ i.e. the 'Stock Market'. The lessons given to us as a gift of the market, not only help us to succeed in the stock market but also helps us throughout life. This 25th December i.e. Christmas let’s thank our 'Santa' and have a detailed look at 5 Great Gifts of the Stock Market and thank her for...

Chaser30

Definition:- As the name suggests pause candle is the candle formed in between the trend, the change is usually opposite the trend i.e. if the underlined script is moving in an uptrend then the pause candle will be of negative change and the color will be red and vice-versa. The pause candle indicates a pause in fresh positions by market participants and an entry...

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Definition of a Gap:- - Gap is a space left behind by a script in its price chart. - It is the area of discontinuity price in the respective script. - The reason may be anything but generally it occurs due to sudden changes in the sentiment of the market due to some events or news related to the particular script. Types of Gaps:- 1. Common Gaps - These...

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In prior posts, we have covered some great teachings about the market and, in this post, we will elaborately cover the swing trading strategies. Let's start !! ->Definition of swing trading -: Swing trading is generally referred to as a trade carried out for a short time. Swing traders do not wait till the price action opposes their direction, they are known...

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ASIANPAINT is ready to breakout from a decent consolidation which was under construction for more than 1 month. It has formed a pennant pattern after a strong up move and now it seems that the stock is ready to resume the up trend again. The rising RSI further confirms the strength of the stock.

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Due to the strong bearish candle on Friday's session, the Nifty has formed a bearish engulfing candle on weekly charts which indicates exhaustion of the uptrend. Is this so? let's take a multidimensional view Nifty has passed below 20DEMA above which it was taking support in last few days which is a sign of weakness and a signal of strength...

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TVSSRICHAK has given a breakout from the pennant pattern, stock was under consolidation from the last 30 days after a strong up move and now it seems that it's ready to resume its uptrend. RSI trying to keep itself above 60 during the period of consolidation which indicates the strength of the stock. Buzzing volume further confirms the breakout. It can make a...

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Finally, SAKSOFT has given a breakout from huge consolidation of almost 1yr. During this period, it constructed a massive inverted head and shoulder pattern whose depth is 36% and breakout came above 1140. Both volume and RSI are supporting the up move. RSI is breaching above 60. Volume has started buzzing despite Nifty IT lacking strength. The only thing to...

Chaser30

This publication is dedicated to thanking one of the greatest and strict teacher the ‘Stock Market’. The lessons of the market not only help one to succeed in the stock market but also helps throughout life. This 5th September i.e. Teacher’s day let’s have a detailed look at 5 Great Learnings of Stock Market and thank her for these life-awakening learnings. ->...

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As visible on charts CNXIT has given a breakout from multiple reversal patterns which are Island Reversal, Double Bottom, Inverse Head & Shoulder. CNXIT has formed double bottom around 26450 along with RSI divergence and finally given its breakout at 28600. The index fell with a gap and also reversed with a gap hence, leaving behind an island and showing an...

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As, chart says banknifty have given breakout above 200DEMA where, it has faced resistance 3 times earlier. RSI above 60 indicating strength in breakout and confirms it's reliability. Also, breakout from inverted head & shoulder pattern is visible. Minimum target of this pattern comes to 36150 but it can move above this also. I'll try to publish an elaborate idea...