Technical Analysis: How to trade Double bottom pattern

Double bottom pattern

Double bottom pattern is just opposite of double top pattern that we have discussed previously. This pattern is very easy to trade and learn how the market forces will be changing the direction of stock at some level. In technical analysis, this pattern offers higher chances of success if trader picks the trade with this pattern. A trader can freely apply and trade this pattern on any time frame ... [Continue Reading]

Medium term analysis for Bata India stock [Video]

As promised we are staring the series of the publishing videos of our technical analysis. Stock for the analysis for medium term is Bata India, watch below video for complete analysis. Buy BataIndia near 740 level for medium term target as 990 level, stop loss must be placed below 715. Risk reward ratio is very favorable to take this trade. If you have any queries just comment below for ... [Continue Reading]

Technical Analysis: How Double top pattern is traded

Double top pattern

Double top pattern is one of most simple and reliable pattern in technical analysis, there is high probability that a trader will predict correct move most of time. This pattern is very easy to recognize and taking positions is quite simple. You can apply this to any time frame chart may it be weekly, daily or any intraday time frame chart. Have a look at the below image. Steps to ... [Continue Reading]

Trade using Gartley Pattern, Learn and trade patterns

Bearish Gartley Pattern

Another interesting tradable pattern is the Gartley Pattern. The Gartley pattern one of those most traded pattern, which takes advantage of higher risk reward ratio. This pattern shows major reversal points in market, also it works with slowing momentum if not reversal. So most of the time you will apply this pattern in medium term chart like weekly chart. Fibonacci retracements play important ... [Continue Reading]

Technical Analysis: Ascending triangle pattern formed in Idea Cellular

Idea Triangle Pattern Breakout

Idea cellular is one of our technical analysis pick today, we see a ascending triangle pattern on weekly chart. If I tell you this pattern is a bi-directional pattern so breakout in such patterns can happen in either side. So we are not certain about the trade that a trader must be taking. In such situations we should keep patience and wait for the breakout first, but as markets are extremely ... [Continue Reading]