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CHART LEARN

CHART LEARN

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Disclaimer: I am not a SEBI Registered analyst. Charts are made only for study purpose and paper trading !!! Happy learning. @Surajgond_0305

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When this guy will run everybody will watch. Preparing for 🚀🚀.

Good Morning Friends , Our Next Candle Stick will be "DOJI"

Important point - I will try to post 2/3 short term calls on weekly basis with proper levels if found perfect and meaningful to post here.

Till now we have covered about what is candle stick & MARUBOZU candle. Slowly we will cover all the candle sticks and there importance while taking trade. 🙏

Welcome to all New Members. All of you are requested to have a look over the earlier messages with reference charts.

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All the points will be our topic in the later stages.

Here I am not using words like buying , selling & stop loss intentionally. The reason is that if you try to read the message properly your step of becoming Technical Analysist will become easier.

A Beautiful Chart with the combo of Cup & Handle + Ascending Traingle Pattern. Note the circle at the base of the chart the green colour line is showing the presence of buyer and how they broken the strongest resistance of ₹ 250 levels. Now if you remember chart of KAVERI SEEDS, now it is Retesting the Breakout levels. From here Target of ₹ 350 is comfortably achievable. One condition is that it will not break below ₹ 225 levels.

Mahindra Holidays.
Mahindra Holidays.

So , I think now every one able to understand what is the affect of Marubozu Candle. 🙏

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" TRADE LESS TRADE RIGHT "

A Beautiful Marubozu Candle and result is in front of all of us. 🚀🚀

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Marubozu Candles : A bullish marubozu indicates that there is so much buying interest in the stock that the market participants were willing to buy the stock at every price point during the day, so much that the stock closed near its high point for the day. It does not matter what the prior trend has been, the action on the marubozu day suggests that the sentiment has changed and the stock is now bullish. A bearish marubozu indicates that there is so much selling pressure in the stock that the market participants actually sold at every price point during the day, so much that the stock closed near its low point of the day. The action on the marubozu day suggests that the sentiment has changed and the stock is now bearish. How to trade Marubozu Candle : Basically, when trading marubozu candlesticks, Watch for bullish or bearish candlesticks to form. If bullish, take a long when price breaks above the candle. Place stop below candlesticks. If bearish, take a short when price falls below the candle. Place a stop above candlestick.

Today High ₹ 2000. 💰💰 If you learn it , the reward is unbelievable.

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