✣ An inverse head and shoulders also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends. This pattern is identified when the price action of security meets the following characteristics: the price falls to a trough and then rises; the price falls below the former trough and then rises again; finally, the price falls again but not as far as the second trough. Once the final trough is made, the price heads upward, toward the resistance found near the top of the previous troughs
✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa until one of them wins
✣ Structure and trend: Two types of trends that exist in the market today are uptrends and downtrends. Each type of trend tells a different story and has its own impact on a trader's success in the market. While uptrends show a series of higher highs and higher lows, downtrends show lower highs and lower lows
✣Breakout: Breakouts are commonly associated with ranges or other chart patterns, including triangles( HERE WE WILL SEE THIS ONE ), flags, wedges, and head-and-shoulders. These patterns are formed when the price moves in a specific way which results in well-defined support and/or resistance levels. Traders then watch these levels for breakouts
✣ RSI DIVERGENCE: A bullish divergence occurs when the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new long position.
✣ Supply/ Demand: In the supply zone, the prices are higher than the bid price, and in the demand zone, they are lower. The bid price is what a trader is willing to pay for a stock
👑 Important levels - explained well
👑 Comment your thoughts and queries regarding anything on this analysis of mine, feel free buddy :)
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only. ✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow ✣Don't lose hope and keep grinding ✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily. ✣Focus on the process, you are here to make money not stupid decisions and lose it all ✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market. ✣Believe in yourself :)
🎓🎓 Some info about me :)
âž¼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. âž¼I hope you will love my simple analysis style. âž¼Feel free to suggest your view on this as learning is earning here :) âž¼I take my trades on my Zerodha account :) âž¼I don't take all the trades I post âž¼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
@Averoy_Apoorv_Analysis thanks bro... I took a trade in abcapital once the daily candle broken out of the resistance line that you drawn.. But at the end of the day the price decreased and the candle ended not breaking the line.. Can you please make a video on how to avoid this situation? Or can you give a reply? It'd be huge help
Averoy_Apoorv_Analysis
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@jishnukm2010, Making videos on such things on my website :) as it will be a collection of all such breakouts and fakeouts
@jishnukm2010, Making the website where you will get my designed course RAW and with tons of examples, all will help you take trades on your own :) will soon launch it will take some time as I want to provide good quality
sohamdey76
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Hi bro, I entered DLF a bit late at 314. Booked half my profits at 325. Should I be holding on for 350+ targets and put a trailing SL at 330.
Averoy_Apoorv_Analysis
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@sohamdey76, if you would have taken at a lower price then you should wait but at the levels of 314 it might be risky to hold it as you might drain your profits coz of consolidation or even a small correction so go with the strategy you are proposing that might be best in this case :) good luck