๐๐๐๐ฅ๐ก๐๐ก๐ ๐ฆ๐๐ฅ๐๐๐ฆ: ๐๐๐ก๐๐๐๐ฆ๐ง๐๐๐ ๐ฃ๐๐ง๐ง๐๐ฅ๐ก๐ฆ (๐ฃ๐๐ฅ๐ง-๐๐ฉ)
[๐ง๐ฅ๐๐๐ ๐ฅ๐๐ฃ๐๐๐ฌ]
DATE: 13th,19th,20th,27th Dec 2024
TRADE LOGIC: Trend Reversal with "๐๐ป๐๐ฒ๐ฟ๐๐ฒ๐ฑ ๐๐ฎ๐บ๐บ๐ฒ๐ฟ" & "๐ฆ๐ต๐ผ๐ผ๐๐ถ๐ป๐ด ๐ฆ๐๐ฎ๐ฟ" confirmation along with EMA.
Timeframe: 15 mins
Indicators used:
1. Exponential Moving Average [EMA9]
2. Volume Indicator with MA line
3. William Fractals [Periods:4]
> ๐๐ก๐ฉ๐๐ฅ๐ง๐๐ ๐๐๐ ๐ ๐๐ฅ ๐๐๐ก๐๐๐ ๐ข๐ฉ๐๐ฅ๐ฉ๐๐๐ช:
โข The Inverted Hammer formation is created when the open, low, and close are roughly the same price. Also, there is a long upper shadow which should be around twice the length of the real body.
โขThe Inverted Hammer candlestick formation occurs mainly at the bottom of downtrends and can act as a warning of a potential bullish reversal pattern.
> ๐ฆ๐๐ข๐ข๐ง๐๐ก๐ ๐ฆ๐ง๐๐ฅ ๐๐๐ก๐๐๐ ๐ข๐ฉ๐๐ฅ๐ฉ๐๐๐ช:
โข A shooting star is a reversal candlestick pattern that forms after an uptrend. It has a small body with a long upper shadow and little to no lower shadow, indicating a potential trend reversal because of strong selling pressure.
โข The reversal from high to low prices within a single period often indicates that sellers are getting more aggressive or that buying interest is waning.
๐ง๐ฅ๐๐๐ ๐ฆ๐จ๐ ๐ ๐๐ฅ๐ฌ:
> For the bullish trades ๐, waited for price to close above the EMA and give a retest confirmation. The trade taken on the next candle if the retest candle sustain above EMA
> Similarly, for the bearish trades ๐ waited for price to close below EMA and give a retest confirmation.
***Note: The price > EMA (bullish) and price < EMA (bearish). A retest confirmation is always better for a good trade***
๐ง๐ฅ๐๐๐ ๐ฅ๐๐ฆ๐จ๐๐ง๐ฆ:
1. Godrej Properties (2830 to 2940) [3.85%]
2. APL Apollo tubes (1561 to 1588) [1.72%]
3. Cyient (2002 to 1918) [4.2%]
4. TVS Motors (2453 to 2417) [1.46%]
**Experienced Traders already know these things, shared as a learning for new traders**
๐๐ญ๐๐ฒ ๐ญ๐ฎ๐ง๐๐ ๐๐จ๐ซ ๐๐๐ซ๐ญ-๐ฉ
๐ก๐ข๐ง๐: 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.
๐๐๐ฌ๐ญ๐ฅ๐ฒ, ๐๐ข๐ฌ๐ก๐ข๐ง๐ ๐ฒ๐จ๐ฎ ๐ ๐๐๐ฉ๐ฉ๐ฒ ๐๐๐ฐ ๐๐๐๐ซ. ๐๐๐ฒ ๐ญ๐ก๐ข๐ฌ ๐ฒ๐๐๐ซ ๐๐ซ๐ข๐ง๐ ๐ฌ ๐ ๐ฅ๐จ๐ญ ๐จ๐ ๐ฌ๐ฎ๐๐๐๐ฌ๐ฌ ๐ญ๐จ ๐ฒ๐จ๐ฎ ๐
#๐๐๐ง๐ฃ๐๐ฃ๐_๐ฃ๐๐๐๐จ_๐๐๐๐ง๐ฃ๐๐ฃ๐
#๐๐ค๐ก๐ก๐ค๐ฌ ๐๐ค๐ง ๐ข๐ค๐ง๐
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