Pranay_Kamdi

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A rectangle pattern breakout happens when the price breaks above the upper horizontal line of the rectangle, indicating a potential upward movement. Traders often consider this breakout as a signal to enter a long (buy) trade. Breakout Strategy: Enter a trade when the price breaks above the upper line of the rectangle pattern. Place a stop loss below the lower...

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A channel breakout is a price pattern that occurs when the price of an asset moves outside of a support or resistance level with increased volume. A channel breakout strategy trades based on whether a symbol breaks out of a channel, which is created using the highest and lowest values for a specified channel length. Also Forming a Rounding Bottom...

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Technical Analysis: Indian Rupee continues its rangebound movement between 82.60 and 83.15 in the longer term Indian Rupee trades strongly on the day. USD/INR remains stuck within a multi-month-old ascending trend channel around 82.60–83.15. Now trading above Ascending channel.

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VIX and volatility move in the opposite direction. A higher VIX indicates higher volatility in the market, vis-a-vis a lower VIX, which means low volatility in NIFTY. Let’s understand with an example. Suppose, VIX value is 15. It means investors expect prices to fluctuate in the range of +15 and -15 in the next thirty days. Theoretically, VIX oscillates between...

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A consolidation zone, also known as a trading range, occurs when a stock's price moves within a relatively narrow range, exhibiting neither a clear uptrend nor downtrend. Traders and investors often refer to this period as a "sideways market" or "range-bound market." Identifying stocks in a consolidation zone can be useful for traders who employ range-bound...

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Gold taking supports after breakout. Again ready for next move

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An ascending triangle is a bullish chart pattern that typically forms during an uptrend and indicates a potential continuation of that trend. The pattern is characterized by a series of higher lows and a horizontal resistance line. The breakout from an ascending triangle occurs when the price breaks above the horizontal resistance line. Here are the key...

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The rounding bottom pattern, also known as the saucer bottom or bowl bottom, is a technical analysis pattern commonly observed in financial charts, particularly in stock market charts. This pattern is considered a reversal pattern, signaling a potential change in the trend from bearish to bullish. Here are the key characteristics of the rounding bottom...

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The "inverse head and shoulders" is a chart pattern used in technical analysis to predict potential bullish reversals in the price of a security or asset. It is the opposite of the more common "head and shoulders" pattern, which indicates a potential bearish reversal. Here's a breakdown of the components of the inverse head and shoulders pattern: #Left Shoulder:...

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The Darvas Box Theory is based on a combination of technical analysis and strict trading rules. Here are the key elements of the Darvas Box Theory: #Selection of Stocks: Darvas looked for stocks that had the potential for strong price movements. He focused on stocks with a history of significant price increases and volume expansion. #Box Formation: Darvas used...

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*Safe Target 622 within next week* #Breakout: Identification: Look for a significant price level, such as support or resistance, where the price has historically struggled to move beyond. #Confirmation: Wait for the price to break decisively above (in the case of a bullish breakout) or below (in the case of a bearish breakout) the identified level. This...

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Here's how the flag and pole pattern typically forms: #Pole Formation: Upward or Downward Move: The pattern begins with a strong and sharp price movement, either upward or downward. This initial move is referred to as the "pole" and represents a significant and rapid change in market sentiment. #Flag Formation: Consolidation: Following the pole, there is a...

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NIFTY near strong support zone 18850. If holds this level or see some positive price action. We can see upside. If NIFTY not holds 18850 level we can see another fall

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Here are the key characteristics of the rounding bottom pattern: Downtrend: The pattern typically occurs after a prolonged downtrend, indicating a possible reversal of the bearish trend. Rounded Decline: The price gradually declines over a period of time, forming a rounded bottom. Consolidation: After the decline, the price enters a period of consolidation,...

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Identify the range: Determine the range within which the Nifty 50 index has been trading during the recent past. Look for support and resistance levels that the price has repeatedly touched without breaking. Set up entry and exit criteria: Determine the specific criteria for entering and exiting trades based on breakouts. For example, you might decide to enter a...

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Oscillators are most useful and issue their most valid trading signals when their readings diverge from prices. A bullish divergence occurs when prices fall to a new low while an oscillator fails to reach a new low. This situation demonstrates that bears are losing power, and that bulls are ready to control the market again—often a bullish divergence marks the end...

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Trading channels can be drawn on charts to help see uptrends and downtrends in a stock, commodity, ETF, or forex pair. Traders also use channels to identify potential buy and sell points, as well as set price targets and stop-loss points. Ascending channels angle up during uptrends and descending channels slope downward in downtrends. Other technical indicators,...

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Perfect setup from Demand Zone. Add ur watch list. A bullish harami is a candlestick chart indicator used for spotting reversals in a bear trend. It is generally indicated by a small increase in price (signified by a white candle) that can be contained within the given equity's downward price movement (signified by black candles) from the past couple of days.