Ultimate_Trading_System

Ultimate_Trading_System Updated 

Dabur is moving in a triangle and awaits a breakout! keep an eye on it!

Ultimate_Trading_System Updated 

Bata india broke the channel and has retested it! How do we know it is a retest, well one the channel now is getting rejected and 2. that there is a bearish divergence in the 60 min chart at these prices which suggests a fall!

Ultimate_Trading_System Updated 

Although the month is still to finish, a rejection at the EMA in the monthly chart is an indication of the completion of the retracement. In the daily chart, Dow has exhausted a gap with a falling gap and has tested it. Prices are going to fall further.

Ultimate_Trading_System

Wait for a breakout and trade on the breakout as well as the re test! If it breaks on the short side, the trade will become a trade on the short side!

Ultimate_Trading_System

There is a bearish divergence at the upper channel and shorting is a possibility below todays low! First targets should be at the lower level of the channel!

Ultimate_Trading_System

Bharat forge is up for a contra trend trade. There is a bearish divergence in the upper channel of what could be a 3 wave correction. It is also at an important resistance level.

Ultimate_Trading_System

A weekly channel completes its 3 wave and is at the upper end of the channel waiting for a breakout because just before there at the weekly chart, there was a bullish divergence in the MACD histogram. In the daily chart there is a head and shoulder pattern and the prices are at the neckline. An entry on the breakout would be suggested as that would be a breakout...

02:57

Ultimate_Trading_System

Glenmark , just as my previous posts had a bullish divergence in the monthly chart! We were bullish since April end! The wait for a breakout happened this month and after a retest, It was a confirmed buy! Check out the charts, check out my last posts on motherson, infy , Dr reddy! They all had a similar setup! Now Glenmark has broken the Downward channel and this...

Ultimate_Trading_System

Glenmark, just as my previous posts had a bullish divergence in the monthly chart! We were bullish since April end! The wait for a breakout happened this month and after a retest, It was a confirmed buy! Check out the charts, check out my last posts on motherson, infy, Dr reddy! They all had a similar setup! Now Glenmark has broken the Downward channel and this...

Ultimate_Trading_System Updated 

Considering monthly chart has a head and shoulder pattern. The neckline was broken the previous month. However this month is closing with a piercing pattern ( a strong one as it is closing above the mid point of the previous black candle. This will be considered as a false breakout of the neckline because i really doubt if we are expecting this good stock to go to...

Ultimate_Trading_System

We need to wait for this extended channel to get rejected so that a correction can be expected. However, till then we would want to not buy at every dip (which I have come across people do right now and get hammered)

Ultimate_Trading_System

If your stocks have fallen too much, and your retracement levels shows any kind of support, all you can think of is, when will it stop or when should I re enter. We should look at the monthly chart (considering long term investment). Check the MACD divergence and a confirmation and you can get in the trade, or increase your position accordingly. Similarly, If...