johntradingwick

johntradingwick

Hi all, hope you guys are doing well. We retailers spend a lot of time in searching for that "holy grail" in trading. The majority of the time our search is centered around different strategies. However, in my opinion, "Strategy is overvalued whereas risk management is undervalued" . A chart can be analyzed in different ways by different traders. A trader...

johntradingwick

Hi all, it's been a long time since I posted an analysis on Nifty. If you haven't checked out my last idea, be sure to check it out to get a better understanding of how the price moved in the last one month. Let's see how the price is moving now and what all we should look at! - The price gave a clear down move from 16800 to 15200 level, without any...

johntradingwick

Tata Power is printing almost a textbook example of Wyckoff distribution. I have attached the distribution schematic for reference. The range low would act as the last point of supply and the price should get rejected from it. Over the next few months, it may head towards the 150 level. Disclaimer : This is NOT investment advice. This post is meant for learning...

johntradingwick

Updated 

Nifty | Range perspective: - The price has been moving in this range for the last 2 weeks. - The range is 650 points wide. Using the measurement objective provides us with a target of 650 points in either direction. - This means that, whenever the price moves out of this range, we can expect 17k or 15k. - I'd be looking to trade either direction with a strict...

johntradingwick

In the example above, note the following: - Warning candles: Doji + Hammers + bearish candles indicating exhaustion and a lack of follow-up. - A relatively higher volume on hammer & doji, which is never a good sign for a breakout because it indicates significant selling pressure. - A bullish breakout must always be accompanied by a good follow-up, else it...

johntradingwick

Key highlights: - Marked out a few important horizontal S/R levels in order to give a better idea to the new learners. - Do not trade in between the levels, always trade level-to-level. - Double Bottom pattern - Using the measurement objective, the upside target of the double bottom lies somewhere near 3675. - Demand zone: 2770-2900 - Strong support: 2700 ...

johntradingwick

Key highlights: - Marked out a few important horizontal S/R levels in order to give a better idea to the new learners. - Do not trade in between the levels, always trade level-to-level. - Multi-year breakout - Created a new ATH - Retest zone: 90-100 - Any pullback towards 80 levels should be seen as a buying opportunity. Disclaimer : This is NOT investment...

johntradingwick

Key highlights: - Marked out a few important horizontal S/R levels in order to give a better idea to the new learners. - Do not trade in between the levels, always trade level-to-level. - Possible volume climax - Any pullback towards the 39 level can be seen as a buying opportunity - Retest zone: 44-45 - Strong support: 40 Disclaimer : This is NOT investment...

johntradingwick

Key highlights: - Marked out a few important horizontal S/R levels in order to give a better idea to the new learners. - Do not trade in between the levels, always trade level-to-level. - Possible selling climax - Demand zone: 113-127 - Strong resistance: 150-155 Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest...

johntradingwick

Key highlights: - Marked out a few important horizontal S/R levels in order to give a better idea to the new learners. - Do not trade in between the levels, always trade level-to-level. - Has been consolidating in a range of about 140 points. - Using the measurement objective, the upside breakout target of the parallel channel lies somewhere near 525. - Since...

johntradingwick

Key highlights: - Marked out a few important horizontal S/R levels in order to give a better idea to the new learners. - Do not trade in between the levels, always trade level-to-level. - Seems a bit overstretched at the moment - Wait for a pullback to 2000-2100 on lower time frames - Or wait for a consolidation above 2200 on lower time frames Disclaimer: This...

johntradingwick

Key highlights: - Marked out a few important horizontal S/R levels in order to give a better idea to the new learners. - Do not trade in between the levels, always trade level-to-level. - It is continuously taking resistance from 200MA, indicating a shift in apply to higher levels. - It may soon breakout above 200MA because the supply is getting absorbed. - Wait...

johntradingwick

Key highlights: - Marked out a few important horizontal S/R levels in order to give a better idea to the new learners. - Do not trade in between the levels, always trade level-to-level. - The higher time frame trend is bullish. - The lower time frame trend has turned bullish. - Look out either for a pullback towards 5700-5800 or a breakout of 6500. - The price...

johntradingwick

Key highlights: - Marked out a few important horizontal S/R levels in order to give a better idea to the new learners. - Do not trade in between the levels, always trade level-to-level. - Consolidating for the last 1 year. - The parallel channel has a width of about 107 points. - Using the measurement objective, the upside breakout target of the parallel channel...

johntradingwick

Key highlights: - Marked out a few important horizontal S/R levels in order to give a better idea to the new learners. - Do not trade in between the levels, always trade level-to-level. - Being consolidating for the last 5 months. - The parallel channel has a width of about 50 points. - Using the measurement objective, the upside breakout target of the parallel...

johntradingwick

Key highlights: - Marked out a few important horizontal S/R levels, demand zone in order to give a better idea to the new learners. - Do not trade in between the levels, always trade level-to-level. - Demand zone: 1175-1240 - Weekly flip level: 1305 - Daily flip level: 1350 Disclaimer : This is NOT investment advice. This post is meant for learning purposes...

johntradingwick

Key highlights: - Marked out a few important horizontal S/R levels, demand zone in order to give a better idea to the new learners. - Do not trade in between the levels, always trade level-to-level. - Demand zone: 1910-2090 - Weekly flip level: 1550 - Daily flip level: 2365 - Lower Demand zone: 1623-1738 Disclaimer: This is NOT investment advice....

johntradingwick

Key highlights: - Nykaa is still about 40% down from the ATH - Marked out a few important horizontal S/R levels in order to give a better idea to the new learners. - Do not trade in between the levels, always trade level-to-level. - Nearest flip zone: 1535-1570 - Higher flip level: 1907 - All-Time low (Untested): 1309 Disclaimer : This is NOT investment...