The #Best #Long Trades happen when MACD is above the #Zero Line!!!

#Not a standalone system-but combine this simple logic with your existing system and see the #Results for your self !!!

#SBI
#Daily

Doing all the right things - Nice Setup !!!

Sectoral Relative Strength Study
#Weekly

1. Nifty IT : On the verge of Flag BO-Strong RS
2. CnxFMCG :Retracing towards Breakout Zone-Weak RS
3. BankNifty :Digesting Gains after Breakout. RS needs to prove more during Pullback
4. CnxAuto :RS is shaping up well-Good on Pullback

5. CNXPharma : Approaching Resistance With Higher Lows- Would wait for Breakout to assess the sector again as RS is not in good shape yet!!!

GOLDSPOT/USD
#Daily

#RSI did the Initial damage!!! Will it hold this crucial Zone?

Education on SWINGS

Understanding what is a Swing is crucial in order to understand Market Structure.

It shows us the direction of the market and while it may seem obvious at first sight of the market, many still have trouble defining what a swing is.

You could define swing as simply more then 2 consecutive candles moving in one direction

When you get a few in the opposite direction you have another one

The important thing to note is that HTF swings always have more priority than LTF swings

When you zoom-in from an HTF to an LTF you will always find that one HTF swing always consists of many smaller and smaller lower timeframe swings.

You could refine this until you'd get to a 1-minute chart or even a tick chart and still you'd see the same thing happening in there

An important thing to realize is that you can have many smaller swings inside of one, big swing, and you gotta orientate yourself in this.

This takes time and practice to see as all things do but will give you an immense power over the rest when you do.

Swings also do not have to break it's previous high or low. They can happen in a contraction with HL and LH also commonly known as triangles.

You can also have many moves inside of a one Monthly Bar.

Sectoral Relative Strength Study
#Weekly

1. Nifty IT : On the verge of Flag BO-Strong RS
2. CnxFMCG :Retracing towards Breakout Zone-Weak RS
3. BankNifty :Digesting Gains after Breakout. RS needs to prove more during Pullback
4. CnxAuto :RS is shaping up well-Good on Pullback

5. CNXPharma : Approaching Resistance With Higher Lows- Would wait for Breakout to assess the sector again as RS is not in good shape yet!!!

Some key #Candlestick #Patterns which could light the way for every trader
Frequently seen;
#BearishEngulfing
#BullishEngulfing
#Hammer/#Spike
#BullishHarami
#BearishHarami
#BullishBelthold
#BearishBelthold
Rare
#HomingPigeon
#ShootingStar
#TweezersTop Bottom
#Island
#HangingMan

#Commodities #Metal

Listing out the shares in metal pack where we can ride the commodity cycle even from the CMP

Will be posting long term charts here

Share and like for max reach 😊🖖

#TATASTEEL

🔩Stock is in a sideways channel since past 15y

🔩Breakout above 750

🔩 A monly close above 750 will push the stock towards 950/1050 levels

🔩 Above that it would be a decade long multi-year breakout

🔩Its going for 200/300%+ gains

🔩 On yearly charts a triangle pattern breakout can be seen

🔩Rising iron ore prices are supporting the field

🔩 All over the world major economies are giving out big infra push to get the economy going

🔩This rally is shaping well with the fundamentals and economic recovery