All details marked on the chart. Trade with a Stop Loss. Trade well. --- --- --- When we lose money, it is human nature to want to make it all back twice as quickly. Slow down, keep focused, and stick to your strategy.
Weekly TF is showing a formation of a large CnH pattern and then again a small CnH pattern with a breakout from both on Friday Close. Could be very interesting, if only it sustains these BO levels. Always trade with a stoploss.
If the price can sustain above 2675 then its in blue sky territory of ATH. Given that the overall market condition is also at highs, keeping only a 1:1.5 expectation. Strict SL and also trail along. --- --- --- Good trades become good memories; bad trades become good lessons. - Yvan Byeajee
Only a confirmed close below 188 will trigger the trade set up. Change of polarity.
Possible HnS pattern is being formed in the weekly and daily time frame. However, the price must close above 165 for the pattern to be validated, opening up the possibility of 250 - 270 price levels. Strict SL of 119 should be taken. --- --- --- There is always more to be learned from price action than from news !!!
Last time this patterns occurred, it gave me good returns. Will it repeat again, or will it take away some of my previous profits...only time will tell. --- --- --- “Humans are pattern-seeking story-telling animals, and we are quite adept at telling stories about patterns, whether they exist or not.” ― Michael Shermer
All details marked on the chart itself. Always sensible to use a trailing stoploss (like 50 or 20 Moving Average) --- --- --- Trading is just like parenting, everyday brings new challenges. The only trove of knowledge is experience. - A Trader's Wife.
A basing pattern indicating a long consolidation from Feb 2017. A breakout which can sustain above 2001 price level might begin its bullish phase. Stop loss and target potentials marked on the chart. Trailing SL is always a good way to protect your gains. Note: Trade will only be active once it sustains above 2001 --- --- --- Big changes come from hundreds of...
Did it just break the Jan 2015 price level ! If it can sustain this, 350 - 388 could be probable price levels that can be seen. SL around 199 Please note results / earnings will be declared tomorrow for this stock and also the upcoming interim budget on Thursday, so expect some volatility. --- --- --- To improve is to change; to be perfect is to change often. -...
Clear BO from a symmetrical triangle can be seen. However, some resistance is possible ahead. Any move above these can result is higher probability of upper levels. Green lines = BO levels Blue lines = Possible price targets. Red line = Stop Loss --- --- --- If there is no struggle, there is no progress. - Frederick Douglass.
A shake-out seems to have been done after the CnH pattern. Now the price seems to be in a flag consolidation and any BO above the Greeline = Entry, can possibly take the move upto the Blueline. Never trade without SL = Redline --- --- --- Always do your best. What you plant now, you will harvest later. - OG Mandino
Multiple breakout attempts, but the volumes this time are very interesting. Will it sustain ? --- --- --- You might have to devote as much energy to analyze yourself, as you would to analyze the markets. Afterall you are trading 'your view' of the market.
The rejection in July from 645 levels and the subsequent consolidation is very interesting. Only if it can BO and sustain above 645 the blue lines can become a possibility. --- --- --- The most important quality in the stock market is temperament, not intellect. - Warren Buffett
Greenlines = Possibilities Redline = Plan failed, get out. --- --- --- Those with better emotional intelligence are more likely to make more money from the markets, when all other factors remain the same.
Years of base formation and multiple BO attempts. If it breaks out and sustains, blue sky above is the possibility. --- --- ---
Chart timeframe is weekly. --- --- --- The goal of a successful trader is to make the best trades. Money is secondary - Alexander Elder
One can make money in 6 months . One can make money in 6 weeks . One can make money in 6 days . Maybe even in 6 mins (I don't know much about this TF) That's the beauty of stock market, something for everyone. Just need to find your edge and make money.
Active only above 2920 Fails below 2745 All prices mentioned are on daily TF closing basis. --- --- --- Greed and Speed are the worst enemies of a Trader/Investor.