The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
Imagine You buy a stock or business, that You think was undervalued based on the "circumstances" and that you think has great value. You bought this at 1$, during 2020 November alongside with the oil rally. Nobody knows the price. Everyone has a price target... Imagine my price target was 7$ - based on the previous highs. Chances are everyone will look at it the...
For last few weeks we have been looking at indices. By the study of a particular index we then try to determine about investing in components of that index or the stocks that from that particular index. In the series we will today have a look at IT Index. IT Index is looking very interestingly poised currently. There is a Doji of indecision formed. As of now the...
How to read a chart and make one is an art which one can master by practicing, understanding the patterns and applying logic in addition to reasoning. Today we will try to master this art with the help of below chart of Bank Nifty. Let us analyze it togther. After reading each paragraph try to look at the chart again for understanding it better. Look at the chart...
Bank Nifty took a sold beating after massive fall in HDFC Bank share price. 200 EMA (Father Line) came to support and it tried to make a come back since 24th of January. After consistent progress for the next few days, today Bank Nifty tried to make a come back and gave a breakout by trying to go above 50 EMA (Mother Line) but it was unsuccessful and could not...
The daily chart of Banknifty is looking nicely poised for a recovery if Mid-channel support line is held effectively. Mid Channel support right now is at 45700. Exactly where Bank Nifty closed today when I am writing this. If the mid channel support is broken we can see a further fall of Bank Nifty to 45469 or 44886 levels. In case the mid channel support works...
As Gold has made a double bottom and is now going to have a rally upwards so we will have to watch for a price action like a Morbozu doji or Engulfing pattern to identify the buy side trade as far as the condition is concerned we will be taking a buy side trade
The index we will study and try to analyse this week is IT Index. Having look at the chart we can understand that IT Index is trying to give a major trend line breakout. If the IT Index can give a closing above 33449 next week what looks probable is a decent come back in large cap IT stocks. The IT Index made a bottom near 26192 and has been consistently moving...
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
(First, let's have a look at the shorter time frame) Bitcoin (BTC) is currently operating within a bullish channel and has recently experienced a bounce off the support provided by the ascending trendline and the 100-day moving average (MA). The cryptocurrency is presently trading within the Ichimoku cloud, accompanied by the Relative Strength Index (RSI)...
Forex trading can bring big profits in a short time, so some people feel that this is an opportunity to get rich quickly. However, in the financial market, the Risk:Reward ratio always goes hand in hand. ✔Forex benefits include: - High profit potential: With flexible leverage and the ability to trade 24/5, Forex offers great profit opportunities. - Large market...
Before entering the Forex market, there are a few things to know and carefully consider to ensure safety and effectiveness in trading. Here are some important points: 1 - Understanding the Forex Market: - Learn about the basic information of the Forex market, including how it operates, currency pairs, and factors that influence prices. 2 - Familiarize Yourself...
Does Forex Relate to News? What Types of News Should Be Considered? One of the popular and interesting strategies in the Forex world is trading based on economic news releases. Alongside economic news, there are also news about political events, but we will focus more on economic news. To ensure that your news-based trades are successful and profitable, it is...
NSE:FINCABLES As seen on the chart, Finolex Cables have formed a nice U-shaped Cup and the handle is also not very deep. Also, the volume was low when it was forming the handle and the breakout was with a significantly higher volume for the handle. There is a high probability that this pattern will be successful. Disc - invested, for educational purposes only.
What's Moving Average and How does it Works ? A simple moving average (SMA) calculates the average of a selected range of prices, usually closing prices, by the number of periods in that range. Simple moving averages calculate the average of a range of prices by the number of periods within that range. A simple moving average is a technical indicator that...
⚡️ABC correction wave pattern. After the 5 impulse waves end, a corrective cycle begins with at least 3 corrective down waves (A-B-C). The correction process can be more complicated depending on the waveform, some correction cycles can last more than 3 waves. ⚡️Specifically, the Corrective Wave Model is part of the Elliott wave theory, a model that helps...
Eurusd is in down trend from its daily timeframe and moving down it has formed a head and shoulder pattren and going to retest its H1 resistance level for which another confluance is 50% to 68% fibbo retracment level we will be shorting from H1 tendline
Banknifty is in no trading zone & if retail traders are like tis analysis then we will continuing retail analysis further. $ Save your Money With Me $