Price is inbetween support & resistance. Usually when we see a triangle pattern price consolidation, we expect a break out, some times fail to notice the near by support/resistance. Support zone is 1400 - 1410. Resistance zone is 1440 - 1450. At what level you have the advantage as a buyer? support zone. At what level you have advantage as a seller? Resistance...
Price was consolidating and tried to give a break out. Without bullish strength again it consolidated within a narrow range. Buy above 716 with the stop loss of 711. Targets are 721,726 and 731.
As a newbie trader everybody has doubts like, “Am I analysing the charts well?”, “Does my analysis skills are improving?”, “Have I changed my trading style?” etc... How to know these? By journaling you can know and measure your progress. Best way to journal your analysis is using trading view and publishing your analysis. You can publish as private ideas, if you...
This question has been asked before. It has been asked now. I will be asked in future. What question is that? It is nothing but, “How to select stocks to trade?” From beginners to expert traders, everybody knows stock selection is important. Especially for intraday it is very important as same stock won’t give movement daily. There are two methods. One is to...
In this chapter I am going to discuss about how new bie trader views the share market and the out come of it. After reading this my dear readers, write about your experience, so that it will help new people to avoid such costly mistakes. Mistakes are always costly here and beginners do that a lot. There two type of new bie traders. 1. Completely new to share...
Further upmove is possible if price break the trend line resistance with volume. If unable to break the resistance sell 412 with the stop loss of 415. Targets are 408,404 and 401.
Sustaining 398 - 403 will make the price to move towards 407,411,415 and 419. Bearish below 395 with the stop loss of 398. Targets are 392,389 and 385.
Trendline break out with volume gives bullish strength. Buy above 7895 with the stop loss of 7860. Targets are 7930,7970,8004 and 8040.
In Chapter – 1, we have seen about candlesticks. Today we are going to see about supply & demand concept with candlesticks. Lets first see about the normal concept people follow for supply/demand zone. I have used numbers 1,2,3 and 4 to mark supply and demand zones in this post. In the above chart 1 acts as demand zone as price had good upside move from it. ...
Price is at trend line support now. Sell below 4100 with the stop loss of 4140. Targets are 4060,4020, 3980 and 3920.
Price is forming rounding top. Sell below 2268 with the stop loss of 2274. Targets are 2266,2260,2252 and 2244.
Candlesticks? Oh come on, even babies know about it. What is new in it to learn? This is what everybody thinks when they hear about the term “candlesticks” in trading. Let me ask you one question. If you know everything about it, then why you are still making losses? Sounds logical, right? So everybody is a beginner here. Join me with open mind and you will learn...
Buy above 1968 with the stop loss of 1958. Targets are 1975, 1990 and 2005. Sell below 1954 with the stop loss of 1965. Targets are 1940, 1920, 1902 and 1890.
Sell below 974 with the stop loss of 980. Targets are 968, 962, 956 and 950.