Hello fellow traders, In this post i am sharing a possible swing trade setup. The stock is RCF(Rshtriya Chemical fertilizers). TECHNICAL ANALYSIS: As you can see the stock is bullish from 2020 by forming higher lows and higher highs and also takes support at the trend line from 2020. Now the stock has retraced back after forming a higher high and is now on the...
The term "Judas Swing" is a trading concept coined by ICT (Inner Circle Trader) that refers to a price movement that traps traders in a false breakout before reversing direction. The name is derived from the biblical figure Judas Iscariot, who betrayed Jesus with a kiss. In the context of trading, a Judas Swing occurs when price briefly breaks out of a key...
Title: Harnessing the Power of Bollinger Bands and RSI: A Dynamic Duo for Trading Success Introduction: When it comes to technical analysis, utilizing multiple indicators can provide traders with a more comprehensive understanding of market dynamics and potential trading opportunities. Two popular indicators, Bollinger Bands and the Relative Strength Index (RSI),...
Understanding Moving Averages: A Powerful Tool for Market Analysis In the world of financial analysis and trading, moving averages are among the most widely used and effective technical indicators. By smoothing out price data over a specific period, moving averages help traders identify trends, gauge market sentiment, and make informed trading decisions. In this...
Introduction When analyzing financial charts, traders and investors often encounter resistance and support levels. These levels represent price points at which a financial instrument has historically faced obstacles in moving higher (resistance) or lower (support). Understanding the formation of these levels can provide valuable insights into market dynamics and...
Hey traders Here i have shared the possible move of Amazon. It has been making lower lows and lower highs in the price action, so technically once it's reach the daily resistance that i have marked it is a sell side trade. But with all the news all over it may break the resistance and move up again. So we will wait for a clear rejection or break of the zone. If...
Hey fellow traders This a trade set-up that i am looking in BTCUSD. We are already in a short position in this pair which is running profitability after hitting our second target. Check that out in my profile. Now in this trade we are looking for a place to place a few more position. I have marked out how i think the price is going to go. We will only take once...
Hello traders!! This is just a scalping setup that i am looking on BTCUSD. It's currently ranging between daily support and resistance marked with the rectangles. Now at a daily resistance point it could atleast retrace back or go down to the daily support before going up again.We can see some rejection of price after touching the resistance,marked with the...
We can see a cup&handle formation in the forming in the stock Coromandel International, a fertilizer company. We could Target 1100 as the target and a Stop loss around 900. Coromandel International is an Indian fertilizer company, the demand for the fertilizer may grow as the monsoon has approached India. The monsoon season is the time when most of the country's...