upendravisal

upendravisal Updated 

Every stock or index moves as per laws of vibration or like a sinusoidal wave which is clearly seen on any oscillator like RSI or stochastic. The drop of NIFTY started in Oct 21 which can be easily seen RSI monthly chart, the move down happens like a ball bounce where first bounce came at Dec 21 which was evident on daily RSI levels between 40 and 30, the bounce...

upendravisal Updated 

I have observed on numerous charts that price moves & touches the trendline or top/bottom box nearly four times, sometimes five times too before it breaks out. It happens on all time frames and it needs to seen, observed, studied and used diligently for taking trades. When market makes a high and goes into consolidation it can be encapsulated in a bounding...

upendravisal Updated 

CONCEPT OF TWIN TRENDLINE Long term wealth is generated through capture of trending move in a stock. The skill is in reading the chart and determining whether the trend has commenced. There are several means which are widely used to find the trend:- -Oscillators -EMA and its slope. -Darvas box -HH & HL market structure -Formation of pivots -Elliot Wave All above...

upendravisal Updated 

chart is self explanatory. Views welcome regards

upendravisal Updated 

Why analysis of DJI? It is mostly seen that Indian markets follow US markets as FII infuse lot of investment in our markets. However there psychology is to follow the trend in US markets. However it is not entirely true as Indian markets do spring to life and at times do there own trajectories. eg In end Sep DJI touched its pre Covid levels of 28700, however...

upendravisal Updated 

The building boxes give the fair idea of strength of trend. After a price correction, there has been a time correction. The time correction lasted from two to four days. Price retraced till the bottom of box giving opportunity to add or what they term as pyramiding. Everytime market retraced my heart sank with pervading thoughts that I should have booked...

upendravisal Updated 

in.tradingview.com Never had pitchfork looked so beautiful. HDFC alternating between price and time correction. Hopefully time correction is complete and time for upmove. The handle is aligned to previous swing low. The bottom of pitchfork is naturally giving support at third touch Pont. Natures geometry is at work. Its as if one can experience the...

upendravisal

TECHNICAL WAY TO SELECTION OF STOCKS FOR CAPTURING BIG MOVES The selection of stocks alongwith time factor is most crucial for building success in stock market. A stock may be good with all right fundamentals but if its timing is not correct one can see plethora of stocks just languishing along its mean. So selection of stock encompasses two major...