aaroncastelino25

aaroncastelino25

NIFTY has been trading in a ascending channel for the last few months, properly following and respecting the course of the channel until yesterday when the new variant of the corona virus has seen a negative impacts on the global front. There was a gap down and also a breakdown as we can see the red candlestick has clearly breached the lower support of the...

aaroncastelino25 Updated 

NSE:RELIANCE has reached its retesting level and is giving an indication that it is ready to move up the ladder. We will be buying above the high of 9th November, 2021 to ensure that we have bought it at a right level as the stock shouldn't give us a false retest, hence keeping the stop loss just below the candle that retested the trendline on 8th Nov, 2021 at...

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aaroncastelino25 Updated 

Ascending channel Pattern: Prices moves in a range taking support and resistance of a channel, by and large in a uptrend manner. I have explained this technicality in the above video, so please comment your views and let me know. Happy Trading Everyone.

aaroncastelino25 Updated 

EMAMI Ltd has again tested the 540 zones and has given a confirmation of reversal hence testing the demand zone and now gathering momentum to go uptrend. At the end of day EMAMI Ltd has also made a green candle just above the demand zone and Fibonacci level of 0.786, hence giving a double confirmation. The stop loss for the trade can be kept just below the...

aaroncastelino25

DOW JONES THEORY TREND: A trend is defined as the general direction in which the prices move. According to Dow Jones, there are three trend types, namely Primary trend, Secondary Trend and Minor Trend. PRIMARY TREND: It is the longest of the three types of trends and in general determines the overall, broad movement of the security prices. The primary trend might...

aaroncastelino25 Updated 

According to the demand and supply concept, stocks should be ideally bought when there is demand and when the price is low and should be sold when the supply is more and the prices are costly. In this Chart, Tata Communications has reached the demand zone as we can see from the previous candles in the chart that the stock prices have picked up twice from the same...

aaroncastelino25 Updated 

Laurus Labs has retested the demand zone at 590 level and now is on a uptrend. It has now breached 617 level which was a Fibonacci resistance level. It closed at 619.2 at end of day with a green candle, hence indicating a buy for short term with a target at 639 and if breached can reach 671.

aaroncastelino25 Updated 

Cams has hit the demand zone and is now looking for a reversal to climb the ladder up. Todays Green candle indicates that it is picking up pace and continuing the uptrend which reversed from 3000 levels. This stock is a good buy now and a cheap buy as my motto is buy cheap and sell high. The stock is a good setup of a demand zone and Fibonacci retracement and can...

aaroncastelino25 Updated 

AXIS Bank is following a wonderful chart pattern on the 1 day chart with a beautiful price action. Talking about the technique, the upper and lower trendline acts as resistance and support respectively. The median line also plays as a resistance and support role depending on whether the price is deflecting from below or above trendline. In this case we can observe...