Our Bharti Airtel Target 1 Achieved
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This Blog for every one who want free analysis with quality setups by Green Hills We also provide education of Technical Analysis
Monday 30 November 2015
Nifty Setup
As it shown above nifty is making Head&Shoulder pattern in Daily Chart
So if nifty not able to cross above 8000 then target 1 is 7750 that is the support of Neckline
and on breaking of neckline on Daily Target 2 would be 7500
As nifty Closed as doji on yesterday so high probability nifty may reverse
Sunday 29 November 2015
Japanese Candlestick Cheat Sheet
Did you click here first? If you did, stop reading right now and go through the entire Japanese Candlesticks Lesson first!
If you’re REALLY done with those, here’s quick one page reference cheat sheet for single, dual, and triple Japanese candlestick formations to easily identify what kind of pattern you are looking at whenever you are trading.
Go ahead and bookmark this page… No need to be shy!
| Number of Bars | Candlestick Name | Bullish or Bearish? | What It Looks Like? |
|---|---|---|---|
| Single | Spinning Top | Neutral |  |
| Doji | Neutral |  | |
| White Marubozu | Bullish |  | |
| Black Marubozu | Bearish |  | |
| Hammer | Bullish |  | |
| Hanging Man | Bearish |  | |
| Inverted Hammer | Bullish |  | |
| Shooting Star | Bearish |  |
| Number of Bars | Candlestick Name | Bullish or Bearish? | What it Looks Like? |
|---|---|---|---|
| Double | Bullish Engulfing | Bullish |  |
| Bearish Engulfing | Bearish |  | |
| Tweezer Tops | Bearish |  | |
| Tweezer Bottoms | Bullish |  | |
| Triple | Morning Star | Bullish |  |
| Evening Star | Bearish |  | |
| Three White Soldiers | Bullish |  | |
| Three Black Crows | Bearish |  | |
| Three Inside Up | Bullish |  | |
| Three Inside Down | Bearish |  |
Saturday 28 November 2015
How to Trade Support and
Resistance
Now that you know the basics, it’s time to apply these basic but extremely useful technical tools in your trading. Because here at BabyPips.com we want to make things easy to understand, we have divided how to trade support and resistance levels into two simple ideas: the Bounce and the Break.
The Bounce
As the name suggests, one method of trading support and resistance levels is right after the bounce.
Many retail traders make the error of setting their orders directly on support and resistance levels and then just waiting to for their trade to materialize. Sure, this may work at times but this kind of trading method assumes that a support or resistance level will hold without price actually getting there yet.
You might be thinking, “Why don’t I just set an entry order right on the line? That way, I am assured the best possible price.”
When playing the bounce, we want to tilt the odds in our favor and find some sort of confirmation that the support or resistance will hold.
Instead of simply buying or selling right off the bat, wait for it to bounce first before entering. By doing this, you avoid those moments where price moves fast and break through support and resistance levels. From experience, catching a falling knife when trading forex can get really bloody…
The Break
In a perfect world, support and resistance levels would hold forever, McDonald’s would be healthy, and we’d all have jetpacks. In a perfect trading world, we could just jump in and out whenever price hits those major support and resistance levels and earn loads of money. The fact of the matter is that these levels break… often.
So, it’s not enough to just play bounces. You should also know what to do whenever support and resistance levels give way!
There are two ways to play breaks in forex trading: the aggressive way or the conservative way.
The Aggressive Way
The simplest way to play breakouts is to buy or sell whenever price passes convincingly through a support or resistance zone. The key word here is convincingly because we only want to enter when price passes through a significant support or resistance level with ease.
We want the support or resistance area to act as if it just received a Chuck Norris karate chop: We want it to wilt over in pain as price breaks right through it.
The Conservative Way
Imagine this hypothetical situation: you decided to go long in a stock hoping it would rise after bouncing from a support level. Soon after, support breaks and you are now holding on to a losing position, with your account balance slowly falling.
Do you…
A. Accept defeat, get the heck out, and liquidate your position?
or
B. Hold on to your trade and hope price rises up again?
If your choice is the second one, then you will easily understand this type of trading method. Remember, whenever you close out a position, you take the opposite side of the trade. Closing your Stock long trade at or near breakeven means you will have to short the stock by the same amount.
Now, if enough selling and liquidation of losing positions happens at the broken support level, price will reverse and start falling again. This phenomenon is the main reason why broken support levels become resistance whenever they break.
As you would’ve guessed, taking advantage of this phenomenon is all about being patient. Instead of entering right on the break, you wait for price to make a “pullback” to the broken support or resistance level and enter after the price bounces.
Knowing When to Exit a Winning Trade
I'm not immune, by any means, to ALL those EMOTIONS you go thru when you are in a Winning Trade, but I can tell you with great certainty that ……
You dont want to get “CAUGHT LIKE A DEER IN HEADLIGHTS” otherwise you stand a good chance of turning that Winning Trade into a breakeven or even losing trade.
Does the following scenario ever happen to YOU?
Your trade setups, just as you had anticipated, and from the very onset of the Trade, prices start moving in your direction…..
Prices start moving toward your target zone….and finally approaches the mental target that you had set just below a Key Resistance Level…..
But you can see the MOMENTUM increasing as it approaches the
Resistance and BANG…...It breaks out of the Level with 2-3 Strong Candles…..
As you are watching this closely, you decide to mentally trail a STOP LOSS using a 14 period SMA or whatever……
Ok prices continue to PUSH HIGHER with NO END in Sight…...
And with No Major Resistance Level Overhead…..You decide to MILK this one for a Big Winner…..
Now in a Nice Healthy Profit on this Trade….getting ever so excited….You mind starts to wander….
In the back of your mind….you’re thinking about how you are going to take some of the profits from this BIG WIN, and buy a nice gift for your wife, and finally get out of the DOGHOUSE for whatever it is that you did that pissed her off last week….
While these thoughts are marinating in your brain...you notice prices pulling back a bit…..Oh just a minor retracement….NO Biggie….
It should bounce back of this 23% Fib retracement and continue….
But for some ODD reason its breaking thru the 23% Fib Retracement…
Ok likely a deeper retrace than I thought….
No Pain...No Gain….Let’s see what happens at the 50%....
Its gotta hold that level, the Momentum is weak to the downside…
It’s just some profit taking….That’s ALL…You tell Yourself...
By this time prices have gotten close to your entry point, and YOU can’t believe WHAT THE HELL IS HAPPENING…
It not SUPPOSED to do that…..IT Doesn't Make Sense….
Alright…So you come up with a BRILLIANT Idea on the FLY…
You Just Know that Prices Have to Go Up from Here….
So you Enter a Limit Order to Buy 2 more Lots at your original Entry Price, and Promise YourSelf, that the next time it gets to that earlier Swing High, you’re just going to Exit…..No IF, ANDS or BUTS
But NOW with twice the Profit…So you convince Yourself...
You get Filled on 2 additional lots, but There’s just One Problem…..
Price Starts spiraling down, as if it had no REGARD for your position…...At this point you are JUST PLAIN Baffled.
I did everything I was supposed to do on this SETUP….
You just can't pull the trigger to EXIT with a loss,because those $$$ that you were making just won't leave your memory, and to think of TAKING a LOSS now just seems unbearable….
So NOW you HOPE, and PRAY that price gets to BREAKEVEN, and you make a DEAL with GOD that if it does, you will never be so GREEDY in your trading ever again.
But GOD seems to be on vacation that day, and doesn't seem to be answering.
Now your are in the hole 75 Pips and you had only wanted to risk 25 Pips on this trade……But you march on….
And then finally when you can BEAR it no longer, you decide you MUST hit the Close Button, and EXIT the trade with a 90 PIP LOSS, instead of a 30 pip Target that YOU Had decided on when you placed the trade in the first place
Without a doubt, the hardest part of trading is TRADE MANAGEMENT….You have to have BALLS of STEEL when you are trading without Hard Stops and Targets….
That’s why I prefer to place my Stop and Target in the market the very instance I place my trade, AND I don't OVERRIDE IT. It keep me DISCIPLED….
You dont want to get “CAUGHT LIKE A DEER IN HEADLIGHTS” otherwise you stand a good chance of turning that Winning Trade into a breakeven or even losing trade.
Does the following scenario ever happen to YOU?
Your trade setups, just as you had anticipated, and from the very onset of the Trade, prices start moving in your direction…..
Prices start moving toward your target zone….and finally approaches the mental target that you had set just below a Key Resistance Level…..
But you can see the MOMENTUM increasing as it approaches the
Resistance and BANG…...It breaks out of the Level with 2-3 Strong Candles…..
As you are watching this closely, you decide to mentally trail a STOP LOSS using a 14 period SMA or whatever……
Ok prices continue to PUSH HIGHER with NO END in Sight…...
And with No Major Resistance Level Overhead…..You decide to MILK this one for a Big Winner…..
Now in a Nice Healthy Profit on this Trade….getting ever so excited….You mind starts to wander….
In the back of your mind….you’re thinking about how you are going to take some of the profits from this BIG WIN, and buy a nice gift for your wife, and finally get out of the DOGHOUSE for whatever it is that you did that pissed her off last week….
While these thoughts are marinating in your brain...you notice prices pulling back a bit…..Oh just a minor retracement….NO Biggie….
It should bounce back of this 23% Fib retracement and continue….
But for some ODD reason its breaking thru the 23% Fib Retracement…
Ok likely a deeper retrace than I thought….
No Pain...No Gain….Let’s see what happens at the 50%....
Its gotta hold that level, the Momentum is weak to the downside…
It’s just some profit taking….That’s ALL…You tell Yourself...
By this time prices have gotten close to your entry point, and YOU can’t believe WHAT THE HELL IS HAPPENING…
It not SUPPOSED to do that…..IT Doesn't Make Sense….
Alright…So you come up with a BRILLIANT Idea on the FLY…
You Just Know that Prices Have to Go Up from Here….
So you Enter a Limit Order to Buy 2 more Lots at your original Entry Price, and Promise YourSelf, that the next time it gets to that earlier Swing High, you’re just going to Exit…..No IF, ANDS or BUTS
But NOW with twice the Profit…So you convince Yourself...
You get Filled on 2 additional lots, but There’s just One Problem…..
Price Starts spiraling down, as if it had no REGARD for your position…...At this point you are JUST PLAIN Baffled.
I did everything I was supposed to do on this SETUP….
You just can't pull the trigger to EXIT with a loss,because those $$$ that you were making just won't leave your memory, and to think of TAKING a LOSS now just seems unbearable….
So NOW you HOPE, and PRAY that price gets to BREAKEVEN, and you make a DEAL with GOD that if it does, you will never be so GREEDY in your trading ever again.
But GOD seems to be on vacation that day, and doesn't seem to be answering.
Now your are in the hole 75 Pips and you had only wanted to risk 25 Pips on this trade……But you march on….
And then finally when you can BEAR it no longer, you decide you MUST hit the Close Button, and EXIT the trade with a 90 PIP LOSS, instead of a 30 pip Target that YOU Had decided on when you placed the trade in the first place
Without a doubt, the hardest part of trading is TRADE MANAGEMENT….You have to have BALLS of STEEL when you are trading without Hard Stops and Targets….
That’s why I prefer to place my Stop and Target in the market the very instance I place my trade, AND I don't OVERRIDE IT. It keep me DISCIPLED….
Tata Steel Full Top Down Analysis
Monthly Chart
Previous Month Chandle Closes as Bullish Engulfing
as it engulfed 2 months Candle
It indicates Reversal
Weekly Chart
This week candle closes as doji which indicates indicates indecision
so wait for the daily close above 240 level
Daily Chart Setup
Reasons To Buy This Stock:-
1)The Stock boken its Down Trend
2)Took Strong Support From the level 200
3)Price Making Higher high and higher lows
4)Price took Support From Fib 786
5)The zone 240 is the hurdle
6)After crossing 240 Target would be 275
PSYCHOLOGY, DON’T LET YOUR EMOTIONS GET THE BETTER OF YOU
We honestly cannot stress this enough, DISCIPLINE IS KEY! Most traders fail in the first few weeks/months of trading because they lack in discipline. We strongly advise that you have a clear strategy before you place any trade. This includes potential wins and potential shortfalls. Always place your SL and TP and never place a trade on a whim.
Don’t over commit to trades and know when to cut your losses
Most people have the misconception that all traders are machines that live on nothing but red bull and 2 hours sleep a day and that they have no contact with their emotions. This is nonsense. All people are emotional, and knowing this from day 1 will help you trade smart and mitigate your losses. People tend to analyse the market and hope that the trade will move in a favourable direction. Like when you buy a ticket for the lottery, you always think you will win! Well what would you do if you could get some of your money back once you realised the first 2 numbers in the draw weren’t yours? You would get it back, right? So why wouldn’t you close your trade early if you could clearly see it wasn’t going your way. Changing factors may have turned against your original analysis, cut your losses early before it gets worse!
We answer the same question with the same simple answer… EVERY TIME!
HOW MUCH ARE YOU WILLING TO LOSE?
A common mistake made by new traders is over-leveraging an account. Just because one lot (250,000 units) of currency only requires $2500 as a minimum margin deposit, it does not mean that a trader with $12500 in his account should be able to trade 5 lots. One lot is $250,000 and should be treated as a $250,000 investment and not the $2500 put up as margin. Most traders analyse the charts correctly and place sensible trades, yet they tend to over leverage themselves. As a consequence of this, they are often forced to exit a position at the wrong time. A good rule of thumb is to trade with 1:10 leverage or never use more than 10% of your account at any given time.
We honestly cannot stress this enough, DISCIPLINE IS KEY! Most traders fail in the first few weeks/months of trading because they lack in discipline. We strongly advise that you have a clear strategy before you place any trade. This includes potential wins and potential shortfalls. Always place your SL and TP and never place a trade on a whim.
Don’t over commit to trades and know when to cut your losses
Most people have the misconception that all traders are machines that live on nothing but red bull and 2 hours sleep a day and that they have no contact with their emotions. This is nonsense. All people are emotional, and knowing this from day 1 will help you trade smart and mitigate your losses. People tend to analyse the market and hope that the trade will move in a favourable direction. Like when you buy a ticket for the lottery, you always think you will win! Well what would you do if you could get some of your money back once you realised the first 2 numbers in the draw weren’t yours? You would get it back, right? So why wouldn’t you close your trade early if you could clearly see it wasn’t going your way. Changing factors may have turned against your original analysis, cut your losses early before it gets worse!
Don't trade more than you can afford
We get asked maybe 20 times a day. How much should I trade?We answer the same question with the same simple answer… EVERY TIME!
HOW MUCH ARE YOU WILLING TO LOSE?
A common mistake made by new traders is over-leveraging an account. Just because one lot (250,000 units) of currency only requires $2500 as a minimum margin deposit, it does not mean that a trader with $12500 in his account should be able to trade 5 lots. One lot is $250,000 and should be treated as a $250,000 investment and not the $2500 put up as margin. Most traders analyse the charts correctly and place sensible trades, yet they tend to over leverage themselves. As a consequence of this, they are often forced to exit a position at the wrong time. A good rule of thumb is to trade with 1:10 leverage or never use more than 10% of your account at any given time.
Friday 27 November 2015
Weekly View on Ambuja Cement
Reasons to Buy Ambuja Cement:-
1)Ambuja Cement took support from Main Trend line and make a third touch on trendline
2)Bullish Momemtum on touch of Weekly level 190
3)Great Risk Reward
Trendline Touch is Very Powerfull Pattern On Technical Analysis
On Clear break of Monthly Level 220 on daily close basis then Target will be 250 and 280
Trend Lines
Trend lines are probably the most common form of technical analysis in forex trading. They are probably one of the most underutilized ones as well.
If drawn correctly, they can be as accurate as any other method. Unfortunately, most forex traders don’t draw them correctly or try to make the line fit the market instead of the other way around.
In their most basic form, an uptrend line is drawn along the bottom of easily identifiable support areas (valleys). In a downtrend, the trend line is drawn along the top of easily identifiable resistance areas (peaks).
How do you draw trend lines?
To draw forex trend lines properly, all you have to do is locate two major tops or bottoms and connect them.
What’s next?
Nothing.
Uhh, is that it?
Yep, it’s that simple.
Here are trend lines in action! Look at those waves!
Types of Trends
There are three types of trends:
- Uptrend (higher lows)
- Downtrend (lower highs)
- Sideways trends (ranging)
Here are some important things to remember using trend lines in trading:
- It takes at least two tops or bottoms to draw a valid trend line but it takes THREE to confirm a trend line.
- The STEEPER the trend line you draw, the less reliable it is going to be and the more likely it will break.
- Like horizontal support and resistance levels, trend lines become stronger the more times they are tested.
- And most importantly, DO NOT EVER draw trend lines by forcing them to fit the market. If they do not fit right, then that trend line isn’t a valid one!
ITC Analysis
ITC Analysis
Here ITC analysis by Green Hills
Here I got the some confluences to Buy ITC :-
1)Price took support form 300 Monthly Zone plus Long term Trendline
2)Broken Trangle
3Retested trangle zone @335 which is the buy Entry
4)Took support from Inner TL(3rd Touch)
5) EMA8 also crossed MA 21 for the upside
6)At 335 there are MA 200 And MA 50 and there Price action Showing bullishness
So buy ITC for the Target of 370
Thursday 26 November 2015
Bharti Airtel Analysis
This is my Bharti Airtel analysis Daily Setup
Here i have five confluences to sell bharti airtel:-
1)Broken Main Trend Line and also Retested
2)EMA 8 Crosses MA 21 for the Down Side
3)ichimoku Cloud Breakout and price showing rejections making dojis by retesting cloud
4)Falling wedge formation
5) Below MA 200 and Price rejected from MA 50
So i will Sell on breaking of wedge pattern and the the target would me 320 and after crossing 318 target would be 310
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