The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern! For target measure the distance from the start of the pattern, at the lowest point of the rising trendline to the flat support line. That same distance can be transposed later on, starting from the breakout point and ending at the potential take profit level!
Divergence has been very successful in Indicating a reversal well in advance. Of course, not all the indicated divergences resulted in successful price reversal. But Divergence on larger timeframe means at least be cautious !! Most of the traders who trade divergence combine multiple indicators for confirmation, which is fine. But in my opinion never trade against...
DOJI IS FORMED IN WEEKLY CANDLE IN NIFTY AND ITS ALSO CLOSE TO RESISTANCE , WE CAN SEE WEAKNESS IN COMING WEEK. ONLY LEARNING
WE CAN SEE THAT THERE IS STRONG MOVEMENT IN NIFTY 50 AND CLOSE ABOVE THE 11300 LEVEL WHICH WE CAN SAY IS A BREAKOUT AND AFTER THIS WE CAN SEE MOVEMENT TILL NEXT RESISTANCE OR A SMALL CORRECTION AND TESTING OF 11300 LEVEL THAN A RUN-UP TOWARDS 11541. LEARNING ONLY.
only for educational purpose marobozu indicate strong bullishness
Currently Nifty 50 is in uptrend forming higher high and lower low and in RSI its consolidating which shows divergence. Divergence is normally a situation which shows that trend reversal is near. Its only for educational purpose and please consult your advisor before taking position.
I am going to explain the basics on what to look for to learn how to trade Nifty 50 Indian Index and locate turning points in the stock market.There are many technical analysis trading strategies you could use to learn how to trade Nifty 50 futures and stocks within the Nifty 50 Indian index. In this video we are going to explain what you should be looking for on...
Every line on the chart represents support or resistance. Vertical lines are time lines where trend may change. One can use this chart as trading map for next few months. This Gann square chart can be used in standalone way or with other trading strategies like. Candle stick patterns, demand supply zones, Momentum indicators, Fibonacci ratios, trend channels...