Delta Corp - rectangle pattern can also act as a reversal/continuation pattern. Post breakout, the target of the rectangle is the height of the rectangle projected upwards from the breakout level. One of the simplest patterns to trade is due to its horizontal boundaries.
More from The_Chartist 📈
Explained you same concept with Elxsi. The real test of a strong Breakout is that the big hand will not give you another chance to buy the share at the breakout level. They will absorb all the selling of weak hands. I mean "STRONG breakout". https://t.co/7fxFqGQl3p
Tata Elxsi ---
— Steve Nison (@nison_steve) June 30, 2021
In the last 10 minutes, all the selling was absorbed despite intraday positions being squared off (if not converted). will wait for the EOD data. However, the chart structure is extremely strong. https://t.co/pci7GCDBEO pic.twitter.com/1NBD9V3mKc
Russell 2000
It is better if you spend considerable time learning these concepts. https://t.co/caBHOO4Owa
TRAPS? In a false breakout, the price breaks out of the range & comes back within the range. A trap is one step ahead, price not only comes back within the range but breaks down in the opposite direction. It traps the initial longs who didn't close their positions
— The_Chartist \U0001f4c8 (@charts_zone) January 22, 2022
Russell 2000 pic.twitter.com/txzjdnStzc
More from Deltacorp
153 ✅
188 ✅
209 ✅
Now 225 🔥
Khelo India khelo
271 - 364 intact
delta corp - follow up and updated chart
— Vibhor Varshney (@nakulvibhor) September 2, 2021
started tracking at 153 , then gave again at 188
now 209
supportive trendline is still intact from 1.5 years
making HH-HL
making round bottom in big picture
target 271 - 364
disc - personally holding in folio https://t.co/KhOsxZEoQR pic.twitter.com/h8KFg4WfQk
331 from 309.🔥
Now the ceiling becomes the floor!
Resistance becomes Support.
Figure the trade and don't be in a hurry to buy.
Plan Your Trade
#MasterInOne https://t.co/zGMWSIkFDu
#DELTACORP
— VJ (@VijayThk) March 21, 2022
CMP 304
In the month of March still marching ahead!
Keep a sharp eye on delta to increase your Delta.#MasterInOne https://t.co/jvUJEEHmgB pic.twitter.com/YVrRZ1aaFn
Now above Fibonacci retracement
0.618%(268) and likely move higher towards next Fibonacci retracement level
0.786(327 ) and than ATH cross.
#Probability
DELTACORP
— Waves_Perception(Dinesh Patel) Stock Market FARMER (@idineshptl) August 13, 2020
116
Just a perspective pic.twitter.com/Qymzx8VfsR
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These setups I found from the following 4 accounts:
1. @Pathik_Trader
2. @sourabhsiso19
3. @ITRADE191
4. @DillikiBiili
Share for the benefit of everyone.
Here are the setups from @Pathik_Trader Sir first.
1. Open Drive (Intraday Setup explained)
#OpenDrive#intradaySetup
— Pathik (@Pathik_Trader) April 16, 2019
Sharing one high probability trending setup for intraday.
Few conditions needs to be met
1. Opening should be above/below previous day high/low for buy/sell setup.
2. Open=low (for buy)
Open=high (for sell)
(1/n)
Bactesting results of Open Drive
Already explained strategy of #opendrive
— Pathik (@Pathik_Trader) May 27, 2020
Backtested results in 30 stocks and nifty, banknifty.
Success ratio : approx 40-45%
RR average 1:2
Entry as per strategy
Stoploss = Open level
Exit 3:15 PM Or SL
39 months 14 months -ve, 25 +ve
Yearly all 4 years +ve performance. pic.twitter.com/nGqhzMKGVy
2. Two Price Action setups to get good long side trade for intraday.
1. PDC Acts as Support
2. PDH Acts as
So today we will discuss two more price action setups to get good long side trade for intraday.
— Pathik (@Pathik_Trader) June 20, 2020
1. PDC Acts as Support
2. PDH Acts as Support
Example of PDC/PDH Setup given
#nifty
— Pathik (@Pathik_Trader) June 23, 2020
This is how it created long setup by taking support at PDC.
hopefully shared setup on last weekend helped. pic.twitter.com/2mduSUpMn5