LOOK IN THE CHART ITS A CONDITIONAL SHORT WILL TEST 50-DMA(1836)
LOOK IN THE CHART GOOD RISK TO REWARD RATIO
-THE STOCK IS SEEING SELLING PRESSURE FROM THE TRENDLINES -HAS CRUCIAL SUPPORT @515(FOR SHORT-TERM) -NOW IF RSI CLOSES ABOVE 52 IN NEAR FUTURE ASSUME THIS THAT THERE WILL BE A UP SIDE BREAKOUT -THIS IS HOW WE WILL PICK OUR TRADE IN LONG RUN -BECAUSE WE HAVE A DESCENDING CHANNEL ON WEEKLY CHART WHICH IS A STRONG ONE(MORE THAN 4 TOUCH POINTS ON EACH SIDE) -I HAVE...
-The index managed to sustain the gap-up which we saw and the result was we have a break-out of the flag pattern which i have already explained in the previous educational chart -Now looking at the indicators 1)RSI ITSELF HAS SHOWN BREAKOUT OUT OF THE FLAG PATTERN 2)MACD HAS SHOWN POSITIVE CROSS-OVER ...
PLEASE LOOK IN THE CHART BEFORE TRADING......VEDANTA IS POSITIVE FOR THE MOMENT BUT WE ARE WAITING TO GO SHORT
-stock managed to break-out from its flag pattern on 19th dec -it also found new support @50-dma (700) -macd has shown positive crossover -rsi is shown momentum -it looks like we will test 730 before we enter oversold zone PLEASE LOOK IN THE CHART BEFORE INVESTING..... -
PLEASE WATCH THE CHART LEVELS CLOSELY BEFORE REACTING TO MY CALLS........ I HAVE NOT ADDED BOLLINGER BAND LEVELS IN THE CHART BU THE STOCK HAS NEARED ITS 2-STADNARD DEVIATION LEVEL WHICH FACTORS 95% OF THE MOVEMENT. ITS A RISKY TRADE WITH STRICT STOP-LOSS LEVELS TARGET IS SIMPLE AND EXPLAINED IN THE CHART BUT ONE CAN EVEN USE THE TREND-LINE TO ENTER AND EXIT...
1)MONTHLY CHART -The stock managed to close above its previous crucial resistance zone -we saw a pennant breakout -macd turned positive -rsi at 59 needs to cross 63 for higher levels which will be achieved in the coming months -if the stock manages to close above 1478 on monthly basis then we will achieve higher levels MONTHLY TRADEVIEW BUY @1480 STOP...
It is sometime hard to interpret a chart pattern because of the complexity.I am 23 years old might be having only few years of experience in the field of research but i have been studying technical analysis since i was 18.Today i am going to share some basic knowledge that i have learned in level-1 of Chartered Market Technician(CMT). ''Now some traders or analyst...