#CandleTrading : #Bullish
Attached below are some of the latest observations on the recently discussed 'Lord #NarsimhaPattern' for your #learning.
For detailed information on characteristics do go through my previous post related to the same.
Charts attached below (1/9)👇👇
More from Sacchitanand Uttekar
This is how it works & holds price within 😊, reaction swings at its best possible levels with #Candlesticks providing clarity on breakouts & breakdowns.
Most price action retaining with tools support & median levels. Next week shall be interesting 😜 https://t.co/XIN54TOT41
#Nifty50 trend & demand supply zones via #AndrewsPitchfork.
— Sacchitanand Uttekar (@USacchitanand) June 13, 2021
Its a tool which is ignored by most traders & hence highlighting it here for better reference learning due to its relevance with current price action. pic.twitter.com/5G33NU9q8Z
✅ #Candlesticks to spot reversal
+
☑️ #HeikinAshi to capture/ride the trend
Why ? Coz, Heikin dependence on previous candle data delays its signal.
Ideal combination for #Traders; By keeping both the time scales constant.
Do try it 🤗 https://t.co/VSv8lhkAAq
#CandleTrading Mega move
— Sacchitanand Uttekar (@USacchitanand) April 10, 2021
\u2705 #Candlesticks to spot reversal
+
\u2611\ufe0f #HeikinAshi to capture/ride the trend
Why ? Coz, Heikin dependence on previous candle data delays its signal.
Ideal combination for #Traders; By keeping both the time scales constant.
Do try it \U0001f917
#Adaniports #ESCORTS #IOC were some of its recent spots
Latest occurrence getting confirmed #BHEL #BOSCH #CANBK #MGL & #BANKNIFTY ☺️
Watch out for these 🎁
#CandleTrading : #Bullish
— Sacchitanand Uttekar (@USacchitanand) August 24, 2021
'Lord #NarsimhaPattern' in #M&MFinancial \U0001f64f\U0001f64f .Check properties \U0001f60a#Pattern #Psychology :
First long bar depicts the long pillar from which the lord emerges & kills the negativity pic.twitter.com/gF0mu4qHLR https://t.co/Fb2WUq1fJZ
More from Stocklearnings
An inverse occurrence is about to witness failure, awaiting for its impact .
#CandleTrading tag would help you understand more of some of these ancient yet effective techniques...
#CandleTrading : #Bullish #Belthold#Pattern #Psychology :Pattern importance could be traced back to the traditional #Japanese sport of \u2018Sumo #wrestling'. The importance of \u2018Mawashi ( Wrestlers Belt) \u2019 & its tactical move for gripping the opponent to throwing him off the ring. pic.twitter.com/lN60xad6Ma
— Sacchitanand Uttekar (@Sacchitananad) August 16, 2020
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Covering one of the most unique set ups: Extended moves & Reversal plays
Time for a 🧵 to learn the above from @iManasArora
What qualifies for an extended move?
30-40% move in just 5-6 days is one example of extended move
How Manas used this info to book
The stock exploded & went up as much as 63% from my price.
— Manas Arora (@iManasArora) June 22, 2020
Closed my position entirely today!#BroTip pic.twitter.com/CRbQh3kvMM
Post that the plight of the
What an extended (away from averages) move looks like!!
— Manas Arora (@iManasArora) June 24, 2020
If you don't learn to sell into strength, be ready to give away the majority of your gains.#GLENMARK pic.twitter.com/5DsRTUaGO2
Example 2: Booking profits when the stock is extended from 10WMA
10WMA =
#HIKAL
— Manas Arora (@iManasArora) July 2, 2021
Closed remaining at 560
Reason: It is 40+% from 10wma. Super extended
Total revenue: 11R * 0.25 (size) = 2.75% on portfolio
Trade closed pic.twitter.com/YDDvhz8swT
Another hack to identify extended move in a stock:
Too many green days!
Read
When you see 15 green weeks in a row, that's the end of the move. *Extended*
— Manas Arora (@iManasArora) August 26, 2019
Simple price action analysis.#Seamecltd https://t.co/gR9xzgeb9K