K6633442j

K6633442j

AS WE CAN SEE IN 1H TIME FRAME, price has reached near trendline. it is supposed to get rejection from there, so i took trade in 5 min chart.

K6633442j

As we can see, price was at the bottom of triangle pattern, but it was still in falling channel pattern…i took trade for upside move at 720 at marked arrow. At line x - price took resistance as it is still in downtrend Also following falling cahnnel pattern. Conclusion - we should not enter for a uptrend trade, if it is still making lower low and lower high pattern.

K6633442j

Wrong entries 1. Point 1 is not the right entry, because no candle crossed the breakout candle at point 1. 2. From 2 to X , we can think of entering in the trade in buy direction. We should never do that, because market is still in downtrend. It never broke the previous high, it is just moving in upward direction to reach supply zone, so that it can fall...

K6633442j

Price is moving in triangle…in bigger time frame…but when we come to lower time frame , we can clearly see that it is also following falling channel pattern. Main thing is we are not supposed to enter here(at blue arrow). We should enter when it breaks lower low pattern.

K6633442j

asian paints given a large instant move downside, which might be due to gain some liquidity before moving up..

K6633442j

1. I took trade because of breakout of the level (green line 146.8). 23 feb 9:15 2. But price goes below my buying level at 14:15 I should have exited the trade at this point, where price going below my buying candle low. When price goes below the low of breakout candle Exit the trade. Or enter in opposite direction.

K6633442j

we can see, as soon as price breaks the line in monthly timeframe, it gains huge momentum.

K6633442j

Big green candle influenced me to enter in the trade. But, just after my entry not a single candle crossed my entry level. 4-5 candles of consolidation and then price breaks in downward direction. Again after a fall, price seems to reverse. It made a green big candle, then price starts to accumulate for 4 candles, after that gives a breakout. Again it looks like...

K6633442j

Mistakes: 1. I entered at the breakout candle of the triangle pattern top line. Solution - should entered, after price crosses the high of breakout candle.(which never happened) 2. I should have exited the stock earlier. Solution - I entered in a breakout candle but, as soon as the price goes below that candle, i am supposed to exit the trade. 3. Wrong...

K6633442j

Mistakes: 1. I entered at the breakout candle of the green box. Solution - should entered, after price crosses the high of breakout candle.(which never happened) 2. I should have exited the stock earlier. Solution - I entered in a breakout candle but, as soon as the price goes below that candle, i am supposed to exit the trade. 3. Wrong timeframe. Solution -...

K6633442j

Tata steel has given the breakout and it may give 1:4 trade.

K6633442j

kajaria ceramic is near bottom line of pattern forming triangle,it seems that it will soon break the triangle.

K6633442j

latent view buy trade because it is about to break triangle pattern, it has also taken support near triangle top line

K6633442j

Indusind buy trade, because it has broken triangle pattern and it is also near horizontal consolidation level

K6633442j

Bought 20000 rs worth share of kotak mahindra bank today @ 9:43 am . The reason for buying is,it is near the bottom of rising channel pattern..The risk to reward is very high..

K6633442j

I bought Jindal steel @238 after breakout from trendline on weekly time frame...there was a 10% movie in 1 hour on 11:00 am candle. This is a channel pattern, expected to move high..lets see...capital employed is 10000 our sl will be around 15% and target will be 30%

K6633442j

we can buy castrol india as it is in monthly time frame consolidation

K6633442j

Patterns are the distinctive formations created by the movements of security prices on a chart and are the foundation of technical analysis. A pattern is identified by a line connecting common price points, such as closing prices or highs or lows, during a specific period.