Crude oil value is derived from us oil. Crude oil trading time is 4 hr less than the us oil. so do the analysis in usoil and do the trade in crude oil. both the charts will be same but crude oil will miss 4 hrs of trading candles. you can just compare both of the candles. But we cant predict exactly due to covid and depending on the relaxation to traveling and...
Since the 1hr candle breakup the trend line you can go for the long cal.For intraday positions use 15min tf .When the 15 min candle broke the trend line you can go long.and catch 5-10 pts and then close the trade .For taking delivery mode use more than 1 hr tf candles.thank you Happy trading..
tata steel has been travelling within this channel for the past few days. now you can pick up the trade depending upon the breakout.A 15 min candle has to form abv or below the trend line.so that you can pick up trade in that direction.
After doing the weekly tf analyses.Reduce the tf to daily tf and check out the pattern formation, and candle pattern.now there is breakout and the trend continues in uptrend.Like this only you need to do the anlayses for any stocks to find the trend.
Inorder to pick up the day trade reduce the time frame to weekly tf after analysing the monthly tf. you could see the chart respects the major trend lines.we could see asymmetric triangle pattern and the BREAKOUT This means the trend is going to be uptrend and so the trend continues. BREAKOUT( ie. (trend break up in the upward trend) BREAKDOWN ie. (trend...
From 2009 nifty has been in the same trend ie traveling within the same channel width. Now due to covid the trend has been broken during march 2020.now the nifty is again rising back on the same channel track. This is just to find the major trend of the nifty.choose highest timeframe ie.month tf.Draw the trend line connecting the maximum number of wicks so close...