manyilakhil

manyilakhil

The candlestick touched our target and went down

manyilakhil Updated 

TRADING PSYCHOLOGY : The stock forms a triangle pattern when the tug of war between BULLS and BEARS is at the end stage where one is bound to give up. AC line will act as resistance line. BD line will act as support line. when to trade : The candlestick has to break the support/resistance line with increasing volume to confirm the direction. STOP LOSS: If the...

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personally hoping this is not true .. but nifty has given sign of breakout downside!!

manyilakhil Updated 

TRADING PSYCHOLOGY : The stock forms a triangle pattern when the tug of war between BULLS and BEARS is at the end stage where one is bound to give up. BD line will act as resistance line. AC line will act as support line. when to trade : The candlestick has to break the support/resistance line with increasing volume to confirm the direction. STOP LOSS: If the...

manyilakhil Updated 

TRADING PSYCHOLOGY : The stock forms a triangle pattern when the tug of war between BULLS and BEARS is at the end stage where one is bound to give up. BD line will act as resistance line . AC line will act as support line . when to trade : The candlestick has to break the support/resistance line with increasing volume to confirm the direction. STOP...

manyilakhil Updated 

TRADING PSYCHOLOGY : The stock forms a triangle pattern when the tug of war between BULLS and BEARS is at the end stage where one is bound to give up. AC line will act as resistance line. BD line will act as support line. when to trade : The candlestick has to break the support/resistance line with increasing volume to confirm the direction. STOP LOSS: If the...

manyilakhil Updated 

TRADING PSYCHOLOGY : The stock forms a triangle pattern when the tug of war between BULLS and BEARS is at the end stage where one is bound to give up. BD line will act as resistance line. AC line will act as support line. when to trade : The candlestick has to break the support/resistance line with increasing volume to confirm the direction. STOP LOSS: If the...

manyilakhil Updated 

TRADING PSYCHOLOGY : The stock forms a triangle pattern when the tug of war between BULLS and BEARS is at the end stage where one is bound to give up. AC line will act as resistance line. BD line will act as support line. when to trade : The candlestick has to break the support/resistance line with increasing volume to confirm the direction. STOP LOSS: If the...

manyilakhil

EDUCATIONAL : Here you can see @12:15 candle it showed breakout but the volume decreased. TRADING PSYCHOLOGY : when a stock breaks out without an increase in volume, you may see a pull back from opposition end as the support for the winning team( in this case the bears) has decreased. Often people use this as an opportunity to trade. This is called FALSE...

manyilakhil

TRADING PSYCHOLOGY : The stock forms a triangle pattern when the tug of war between BULLS and BEARS is at the end stage where one is bound to give up. we have to wait patiently till one gives up. once the bull/bear gives up we go with the winning side and reap the benefits. HERE you can see even though market opened negative once the graph penetrated into our...

manyilakhil Updated 

TRADING PSYCHOLOGY : The stock forms a triangle pattern when the tug of war between BULLS and BEARS is at the end stage where one is bound to give up. AC line will act as resistance line. BD line will act as support line. when to trade : The candlestick has to break the support/resistance line with increasing volume to confirm the direction. STOP LOSS: If the...

manyilakhil Updated 

The stock forms a triangle pattern when there is a tug of war between BULLS and BEARS AC line will act as resistance line. BD line will act as support line. when to trade : The candlestick has to break the support/resistance line with increasing volume to confirm the direction. STOP LOSS: If the breakout is upwards then support line will act as stop loss. If...