study-learning-on-Price-Action

study-learning-on-Price-Action

HDFCAMC has given breakout of Cup & Handle pattern. All required levels are mentioned on chart. Thanks Piyush Gupta Learn & Earn

study-learning-on-Price-Action

L&TFH gave massive move today due to bulk buying and it has closed above 4.5 years long term trend line. If this sustain by this week end, it can result in good positional move. For intraday traders, you can trade above 89. Thanks Piyush Gupta Learn & Earn

study-learning-on-Price-Action

TITAN has given breakout from 5 months consolidation which it tried to break multiple times. Closing on Thursday was also good giving indication of further upmove above level mentioned. Entry above 2710 Safe Trader above 2725 Thanks Piyush Gupta Learn & Earn

study-learning-on-Price-Action

ICICIGI is forming beautiful Inverted Cup & Handle on daily time frame. If this breaks 1200 levels and closes below it, it can result in decent correction. For now we will track it for Intraday trade below 1197. Thanks Piyush Gupta Learn & Earn

study-learning-on-Price-Action

INDIAMART has formed a beautiful textbook rounding top pattern since Sep 2020. This 18 months long pattern indicates bearishness if neckline around 4400-4300 is broken. We will plan intraday trade as per level and once this breakdown is sustained, will look for positional short opportunity. Trade for intraday should be initiated if stock opens around 4400+ and...

study-learning-on-Price-Action Updated 

GRASIM broke mid term support line last week and for past 3 days it has been consolidating. If this break 1540 (1530 for safe traders), then there is possibility of down move. Along with support breakdown, this also has inside candle formation. Should be avoided in case of gap down below 1535. Thanks Piyush Gupta

study-learning-on-Price-Action

1. VEDL gave breakout from Trend line on 4th Feb. It moved well and then took resistance at previous peak. 2. It did a pullback to previous resistance which acted as support now & bounced back. 3. Now it is testing same resistance zone around 385, breakout from which can give some push to new high. 4. Plot fibonacci on the retracement to see how beautifully it...

study-learning-on-Price-Action

Pullbacks are very common phenomena in PRICE ACTION trading which has following 4 phases 1. Breakout from resistance area or breakdown from support. 2. Moves in breakout/breakdown direction. 3. Reversal move where previous support/resistance reverse its role. 4. Move continuation. In the chart example of MRF, yellow trend line acted as support zone where stock...

study-learning-on-Price-Action

ZEEL gave massive breakdown of 291 level & fell to 262 which was good support. It did pullback back to support level of 291 which acted as resistance & it continued it fall. Now it is at important support zone, breakdown from this level can result in more pain. Entry below 261 Thanks Piyush Gupta Learn & Earn

study-learning-on-Price-Action

BTCUSDT has been consolidating entire day after upmove shown yesterday. If this break level highlighted, it can give good move. Entry above 41950 Safe traders - Entry above 42100 Thanks Piyush Gupta Learn & Earn

study-learning-on-Price-Action

Fibonacci is most important tool for Price Action analyst. Often people get confused in using this powerful tool therefore below is guide on how to apply Fibonacci correctly on charts. In the chart, I have explained 3 use cases of uptrend, downtrend & Intraday scalping using Fibonacci. Use Case 1 - Uptrend Stock/Index is in uptrend when it is forming higher low...

study-learning-on-Price-Action

MCX has tested 1450 levels multiple times in last 9 months. This is very important level as it acted as resistance in past (2019-2020). If this level is broken tomorrow and manages to close below 1445, then more fall can be expected. How to trade this setup 1. If this opens above 1460 & cross this selling level - This is ideal case and once can initiate trade...

study-learning-on-Price-Action

This is study of upward channel assisted with Fibonacci retracement & extension which show beautifully that patterns are repeatative in nature. In order to be successful analyst & trader, person should identify stock characteristics & patterns. SUNPHARMA move in the upward channel is a 6 point move explained below. Exact same behaviour is exhibited by stock twice...

study-learning-on-Price-Action

DIVISLAB is trading near to its long term support zone of 3900. It has formed a closed range in last 3 days and coming very close to breakdown. If 3915 is broken then it can fall to 3900 & 3850. If stock closes below 3900 then more fall can follow. Best case to trade this is if it opens around 3920 and move down. Safe traders should wait for it to cross 3900 and...

study-learning-on-Price-Action

All details on chart. Thanks Piyush Gupta Learn & Earn

study-learning-on-Price-Action

All details on chart Thanks Piyush Gupta Learn & Earn

study-learning-on-Price-Action

Details mentioned on chart. Thanks Piyush Gupta Learn & Earn

study-learning-on-Price-Action

Deteails mentioned on chart Thanks Piyush Gupta Learn & Earn