shivaq

shivaq

After making a good excess low around 11 a.m. - seen in the chart as a doji with a long lower tail, Nifty Futures rallied higher and made a breakout around 1 p.m. - see the strong green candle with higher volume. Thereafter till 2.45, it made three small red candles on lower volumes as compared to the big green candle. The three candles were all within the range...

shivaq

After a cup and handle formation and a steady downtrend for the past 20 sessions, Hindustan Copper formed an Inverted Hammer - a bottom reversal line today 9th June 2021. The inverted hammer is a bullish pattern after a downtrend. However, it is important to wait for a bullish verification tomorrow. An open above the inverted hammer's real body could be the form...

shivaq

Today - 27th October, Nifty 29 Oct Futures (NF) formed a weak Open=High pattern, corrected and then rallied throughout the day to close near the top. It however, faced exhaustion near the top and formed an 'Advance block' pattern in the last one and a half hours of trade - near the day's high. The following is my thought process and analysis based on the 30 min...

shivaq

I am developing this simple three step strategy for intraday as well as positional trading. The saying is "trend is your friend". My strategy is to ride the trend and involves three moving averages and three time frames - the 5, 13 and 34 period moving averages and the 1 hour, daily and weekly time frames. Buy the stock if its price is above the 5 period moving...