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HCC Entry 15.15 | Stop 13.95 | Target 20
8% Risk | 32% Reward
1: 4 RR
Price highs move slightly lower and price lows move slightly higher. Drawing a trend line connecting price highs and then another connecting price lows form two converging lines which are an identifying feature of the pennant.
Buy Entry 200 - 205
Stop loss 168
Minimum Price Target 248
Risk to Reward 1 : 1.50
24% Up Side potential.
The Recent move is supported by Higher Volumes. (Trading volume can help an investor identify momentum in a stock and confirm a trend. If trading volume increases, prices generally move in the same direction.)
Exit Holding if : Closing Below 78.50
Stop-Loss : 85.80
Minimum Target Price : 53.25
Risk to Reward 1: 3.6
Of course, It's not a trading opportunity as we can not short sell this stock and make a profit. But Those who holding Prajind in their portfolio can exit and enter at a lower level again.
It seems convincing enough to sell the stock based on his recent ...
The 200 simple moving average (SMA) is considered a key indicator by traders and market analysts for determining the overall long-term trend. The price level in a market that coincides with the 200 SMA is recognized as a major support when price is above the 200 SMA or resistance when price is below the 200 SMA level.
Why is the 200 SMA so common for traders and ...
ENTRY ABOVE : 424
STOP-LOSS CLOSING BELOW: 402
MINIMUM PRICE TARGET: 460
RISK TO REWARD RATIO : 1 : 1.64
Reversal or Continuation Pattern
Prices are moving downwards, forming lower highs and lower lows, but the price is confined within two lines which get closer together to create a pattern. This indicates a slowing of momentum and it usually precedes a reversal to the upside. This means that you can look for potential buying opportunities. ...
ENTRY PRICE : CLOSING ABOVE 1239
STOPLOSS : CLOSING BELOW 1120
MINIMUM TARGET PRICE :
1) 1384 Starting Point of the Downward Slopping Trendline.
2) 1453 Hight of the Pattern.
Risk to Reward : 1 : 1.8
The Symmetrical Triangle
The symmetrical triangle (or coil) pattern normally occurs during a trend as a continuation pattern. It is essentially a coin flip as to which direction price will exit if it is truly a Symmetrical Triangle. The triangle includes at least two higher lows and two lower highs. Essentially, the trading range becomes smaller and smaller within ...
1. ENTRY : Closing Above 1126.70 ( Closing above the Neckline )
2. Minimum Price Target : 1350 ( Adding the difference between highest high made and lowest low during the formation to The Neckline )
3. Stop loss : 900 (Usually, price closing below the second bottom is a stop-loss.) ...
1. ENTRY : 86.15 ( Closing above the neckline )
2. Minimum Price Target : 102.80 ( Adding the difference between highest high made and lowest low during the formation to The Neckline )
3. Stop loss : 70 (Usually, price closing below the second bottom is a stop-loss.)
1. The Shape of The Double Bottom –
A double bottom occurs when prices form two distinct bottoms on a chart. A double bottom is only complete, however, when prices climb above the highest high point between the two bottoms. The double bottom is a reversal pattern of a downward trend in a stock’s price. Sometimes called a “W” formation because of the pattern it ...
Generally, When RSI shows values higher than 70 or below 30, this is to considered as stock or index is overbought or oversold. But that's not always the case.
As we just learned In The Introduction : Relative Strength Index (RSI) that a high RSI means that there were more bullish candles then bearish candles. As stock or index can't go up or down in straight ...
Relative Strength Index is a so called momentum indicator that is very popular to use in technical analysis of financial instruments. Here’s a simple walkthrough of RSI and how to calculate.
The RSI was developed by J. Welles Wilder. The default setting for RSI is 14 Period or Candles, Which means that RSI evaluates past 14 candles.
The RSI Compares the ...