This time its Gold. If closes below resistance Gold could go till its previous support in Monthly timeframe .
Any chart reader who has a follow up on the current economic situation knows what kind of a nightmarish chart outcome this is :|
Akzo nobel is at its core support . this is where the big institutions might have their alerts on to see if there's any opportunities present. As you can see now, there IS one!
This kind of setups usually have more than 65%probability . so its in your position sizing and risk management to decide how much you're willing to take chance in such setups
Arvind Ltd. has currently formed a good setup . all we have to do is to look how much it's going to cost us (risk) to see what it does!, peep into the monthly timeframe to look at the big picture ;)
As you can see that when the scrip went halfway to the target. we got an opportunity to scale out 1/3 or 1/2 of the original qty entered. this could have prevented losses at the same time would've booked some profits. so when it comes to trading , it is important to keep our fear and greed gauges in check . otherwise we wouldn't survive in this for a long term ....
Add this to your watch list as this forms a good descending triangle pattern . look for BO and take decisions accordingly!
As you can see that this stock has made its consolidation after the multi-year BO . you shall start prepare for making your entry plans.
its a picture perfect triangle pattern . add this to your watch list and see how it works!
index is like a sun in the solar system. if its not there then there's no purpose for planets . likewise, no matter what strategy we use . if index goes south . so does everything in it!
look for any engulfing pattern in weekly tf and only then opt for entries . for long term
have this as a passive form of positional investment . but have a stop loss as well :)
in weekly timeframe this pattern looks promising . one can try making entry after the resistance in 1hr tf is broken
max looks pretty neat and it gives an engulfing pattern in the 1 week timeframe . if the finance index gives a good bullish signal. then opt for entries
make entries based on where the risk to reward ratio is minimum and favourable
as you seen in this chart , the more patient we wait for an opportunity . the more promising one we get! . dont miss!
try to look for any retracements and try to make an entry based upon the RRR mentioned above
As you can see that this stock is at its daily support and at its monthly resistance the chances of breaking out it is pretty high . but consider entering only if theres any engulfing pattern . not some green candles . if panned out well .it will have a pretty impressive RRR. add to ur watchlist