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Introduction: In this post, we will be analysing a reversal symmetrical expanding triangle pattern that has formed over the past six months on the IDEA price. We will also be applying the projection tool provided by TradingView to predict the potential future movement of the price. Reversal Symmetrical Expanding Triangle Pattern: A reversal symmetrical...

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Introduction: In technical analysis, trendlines are one of the most popular tools used by traders to identify and trade within established market trends. A trendline is simply a line drawn on a chart to connect a series of highs or lows, and it can serve as both a support level and resistance level depending on how the trend is moving. When the weekly price range...

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Strong bullish signal from OBVMACD, Altered OBV ON MACD and price breakout the big candle.

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First things first: what exactly is a resistance line? Simply put, it's a horizontal line on a stock's price chart that represents the highest price at which the stock has been sold during a given time period. This line serves as a psychological barrier for many investors, who often view it as a threshold that cannot be crossed without incurring significant...

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A reverse triangle pattern is similar to a traditional triangle pattern, but with one key difference: the nose of the triangle points downwards, indicating a period of selling pressure. This type of formation can be used to identify potential areas of support and resistance, and even predict future price movements. As the price broke multiple level of resistance,...

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The SHOP stock price is within the support and Resistance zone. As per the chart, the price is bouncing back from the support zone and potential chance to profit 15% in LONG.

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Introduction: Arcs are a powerful tool in technical analysis, allowing traders to identify support and resistance levels with greater accuracy. When used correctly, they can help traders anticipate future price movements and make informed investment decisions. What are Arcs? An arc is a curved line drawn on a chart that connects two points of equal distance...

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Introduction: Stock prices often exhibit patterns and trends that can provide valuable insights into future price movements. Two important indicators that can help traders identify potential bullish signals are the 200-day moving average and the MACD on OBV. When these two indicators converge, they can indicate a strong likelihood of a price bounce back. In this...

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As discussed in this strategy which is triggered the bullish signal. It is quite obvious with MACD cross its signal line along with potential increase in volume. Some key points about Godrej Properties if convinced for LONG: Revenue: The company generated revenue of INR 567.51 crore during the quarter ended June 30, 2023, which was an increase of 25.5%...

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Wait for that big green candle Appear. Pattern Analysis: We will perform a detailed analysis of MRNA's past performance, including its price movements, volume, and other relevant factors. Our goal is to identify patterns and trends that could indicate future price action. Trend Lines: One of the most common tools used in pattern recognition is trend lines....

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Let's take a closer look at curve lines to identify a potential bullish breakout. In the chart, we can see that the price has been trading within a narrow range over the past year. By drawing a curve line connecting the close/open prices over the past year, we can visually represent the range within which the price has traded. As seen in the chart, the curve...