šššš„š”šš”š š¦šš„ššš¦: ššš”šššš¦š§ššš š£šš§š§šš„š”š¦ (š£šš„š§-šš)
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DATE: 5th Dec,11th Dec 2024
TRADE LOGIC: Trendline Reversal with "ššš¦š¦šš« & ššš§š š¢š§š ššš§" confirmation along with EMA.
Timeframe: 15 mins
Indicators used:
1. Exponential Moving Average [EMA9]
2. Volume Indicator with MA line
> ššš š šš„ ššš”ššš š¢š©šš„š©šššŖ:
Hammer candlesticks indicate a potential price reversal to the upside. The price must start moving up following the hammer; this is called confirmation.
> ššš”ššš”š š šš” ššš”ššš š¢š©šš„š©šššŖ:
The Hanging Man is a type of candlestick pattern that refers to the candle's shape and appearance and represents a potential reversal in an uptrend.
š§š„ššš š¦šØš š šš„š¬:
> JSW Energy was in Downtrend and after the formation of Hammer candle, waited for price to close above the EMA and retest.
> Similarly Lupin was in Uptrend and after the formation of Hanging Mam, waited for price to close below the EMA and retest.
***Note: The price > EMA (bullish) and price < EMA (bearish)***
š§š„ššš š„šš¦šØšš§š¦:
1. JSW Energy (666 to 681) [2.25%]
2. Lupin (2098 to 2065) [1.58%]
**Experienced Traders already know these things, shared as a learning for new traders**
šššš² šš®š§šš ššØš« ššš«š-ššš
š”š¢š§š: This is only for Educational Purpose and no further Trading recommendations on this stock. Indicators are just a confirmation for your direction but the actual movement depends on various factors.
Please manage your Risk Reward Ratio to grow your wealth.
#ššš§š£šš£š_š£ššššØ_šššš§š£šš£š
#šš¤š”š”š¤š¬ šš¤š§ š¢š¤š§š
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