MAYA_MUMBAI

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A daily close below 165 is a great shorting opportunity Why 165 ? because 165 is the number on daily chart where it has formed a support / resistance three times in the past What should be the stop loss ? Simple - a daily close above 165 what should be the target ? Targets should be taken along the way up-to 150/155 !!

How to trade double bottom, These are my rules 1) Draw a HORIZONTAL BLUE LINE on the key support area on daily chart which has been tested at-least 3 times in the past 2) You have to make sure rsi is @ 30 or below 30 indicating over sold market on daily chart 3) Candle stick pattern in four hour chart- either a bullish hammer (inverted hammer) or a bullish...

Indicators can help us in trading decisions when used correctly The problem with most indicators is New traders think that indicators are magic indicators In Todays tutorial , i shall tell how to use the indicator and why i had purchased Sunpharma @ 107 as told in my previous tutorial (link below) Now coming to my first indicator 1) rsi - rsi in general if...

Tata motors weekly chart

Hidden divergence can be a good indication of trend continuation. Hidden bullish divergence takes place when the price is making a higher low . But the oscillator is showing a lower low In an uptrend hidden divergence happens when price makes a higher low but the oscillator makes a lower low. I had entered the stock @ 407 by looking @ the hidden...

Whenever you see a higher time frame chart you should ask 2 questions -- 1) What trend is the market in ?? 2)where are major levels of structure that you should be paying attention to - in that direction ? SO in the chart i have shown above, the answers are following 1) Trend is bearish 2) Major levels of support and resistance are drawn in Horizontal blue...

Whenever you see a higher time frame chart you should ask 2 questions -- 1) What trend is the market in ?? 2)where are major levels of structure that you should be paying attention to - in that direction ? SO in the chart i have shown above the answers are following 1) Trend is bearish 2) Major levels of support and resistance are drawn in Horizontal blue...

"The trick is not to learn to trust your gut feelings, but rather to discipline yourself to ignore them. Fundamental story of the company hasn’t changed.” Target - 155 risk - 15 points reward 30 points Risk reward 1:2

Tata motors is on a down-swing & trade the trend is your best friend As per the trade shorting should be the rule in Tata motors However i see a major support @ 173 , take your profits there !!!

The occurrence of extended wave 5 is sheer magic. i am not sure whether my wave count is correct if wave 5 (within wave 3 ) is extended , then we should see a value around 200.

Greater fool theory states that the price of an object is determined by irrational beliefs and expectations of market participants. Bull market will run until the last fool has bid up the price of a security up to its maximum price. Once done,there are no greater fools willing to pay more for the security. Therefore, the bull run is over and the index must...

i have been inspired by @kinnari_prajapati to publish this post please refer to her charts to find out more details on this post...

While identifying the precise end point of an extension is often a challenge, you can become quite rich by joining in once the extended wave 5 finishes. Typically, a market comes down to the level of 2nd wave of the just completed 5th wave So i assume Tata Motors is a buy @ 169 to 170 with a SL of 165 for a target of 180 Disclaimer - 1) I'm a learner ...

I'm not an elliott wave expert But by the look of it , it appears like an Irregular correction to me Experts can comment on it !

im not an elliottician , Just trying my luck - not for trading purpose

Price action always gives up to date information. The interpretation of price is an art and not an easy task. Adding a method to support one’s strategy, and an analysis which has more predictive value, could be very useful. A proper divergence is only present when the histograms indicating momentum have retraced back to the zero line. Two subsequent lows or...

Here i have shown a weekly chart of Tata motors with support and resistance As an investment - i guess Tata motors is a good buy because of following reasons :- 1) Break of lower low - lower high pattern.. 2) Break of trend-line.. 3) Mac-d on weekly & daily time frame is positive.. Buying can be done in the range of 160-170 with Sl as 150.... Immediate...