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Showing posts with the label Price action

IOC Chart Observation

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 CUP Pattern (4 Months) Conditions: 1. Pattern must be at least 6 to 8 weeks. 2. There should be great volume on right side of the pattern. 3. May re-test or not the neckline. In this case it has tested. 4. Target should be around the depth of the CUP. 5. Stop loss should be bellow the Re-tested Zone. Additional Check. 1. RSI above 60. There is momentum in the price. 2. BB% greater than 70 there is volatility in the chart. Target - 121 Stop Loss - 103 Risk to Reward 1.5 Note: This is for knowledge purpose only.

M&M finance Observation

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Swing Trade   Lets Look at the M&M finance and try to analyze its behavior. We will apply here Top -Down means we are going to analyze from higher time frame to lower time frame. 1 Month Time frame Look at this 1 months chart. Here we can see that there was 3 wave pattern which was ended by making the TOP of  224.30 after that stock went into correction mode and came near to the low 149.60 but did not break it and start turning up.  Weekly Time Frame Now move to one time frame lower and try to analyze weekly time frame what it is doing. Here we can see a beautiful compression pattern that means if you will see back you will find that it took him 2 weekly candle a fast move to make that high of 224.30 with good volume. But when price came back to the same level volume was drying and took more than 10 candle to cover full move. And now it is making support at 40 RSI. and also 50 SMA. Which is a good sign. Daily Time Frame Now move to one day time frame.  Here we ca...

Chart Pattern (Technical Analysis)

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 Silver observation - Pole And Pennant Pattern Silver might be a good investment . Wait for the right opportunity .  1. Pole and pennant pattern .  2. RSI comes to 50 at first time from 80 RSI and goes sideways between 60 and 50 RSI .  CONFIRMATION 1. When RSI will close above 60 and % B will Also close above 1. DOUBLE CONFIRMATION . When Pennant pattern will break . Target would be length of the pole make sure to put STOPS as well

Trading in Zones (Multiple Time Frame Analysis)

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How To Trade Demand/Supply Zone??   "MULTIPLE TIME FRAME ANALYSIS" Step One. Find the  Supply/Demand Zone : This is the zone from where the price has been departured too far.   Time frame 5 min Step Two Go to 5 or 6 times Lower Time Frame 1 min in this scenario as the above chart is for 5 mins.   Step Three:  Find the *reversal candlestick* pattern only on a lower time frame and Supply/Demand Zone whatever the case may be. *Hammer *Doji *Piercing. *Engulfing *Tweezer Top/Bottom. Note: Remember these patterns are only useful and effective in Zones. Take the trade with proper SL  R: R must be at least 1:2 Trading is a combinations of Zones, Candlesticks patterns and indicators. Rules to remember: 1. When trade zones never trade only one time frame. Otherwise you will not get better risk and reward. Moreover you may missed the trade because lower time frame change earlier than higher time frame. 2. Trade only those reversal candlestick patterns which are ...