A wedge is a price pattern formed as a small triangle during a strong directional up or down move. In wedge formation, price consolidates between two converging trend lines. The two trend lines are drawn by connecting the respective highs and lows. Lines drawn show that the highs and lows of the price pattern are either rising or falling. Wedge shaped trend lines are … [Read more...] about How wedge patterns are formed in price charts
Bearish and bullish pennant chart pattern formation and trading
In our last article, we discussed flag patterns. In this article, we will discuss how to recognize pennant chart patterns, what they indicate and how to use them in trading. A pennant is composed of an ongoing trend and then followed by a small converging consolidation that looks like a small symmetrical triangle. This indicates a strong directional move which is followed … [Read more...] about Bearish and bullish pennant chart pattern formation and trading
What are bullish and bearish flag chart pattern
A flag is a price pattern in technical analysis which is formed as a parallel narrow trading range in between a strong up-trend or down-trend. It suggests a continuation of the current trend. As the name of the pattern “flag” implies, this formation looks like a flag on a flagpole in the price chart. The pole is the result of a vertical rise (in an uptrend) or … [Read more...] about What are bullish and bearish flag chart pattern
Understanding Trend Lines: How to Draw and Use Them in Trading
Trend lines are essential tools in technical analysis, providing valuable insights into price movements and market trends. By connecting significant points on a chart, trend lines help traders and investors make informed decisions. We'll explore what trend lines are, how they function, and their importance in stock trading. Trend lines are one of the most useful and … [Read more...] about Understanding Trend Lines: How to Draw and Use Them in Trading
Triangle patterns every stock traders and investors should know
One of the most common price patterns traders and other market participants use in the stock market is a triangle. Triangle is considered as a continuation pattern, which means the stock might move in the same direction after a pause along the way. It can be a bullish or bearish move, but the overall trend is not disrupted. Triangle is perhaps the most prevalent … [Read more...] about Triangle patterns every stock traders and investors should know
Income tax rates for FY 2021-22 and 2022-23-Applicable to an individual
Income tax rates are defined based on the type of assessee and total income earned for the financial year starting from 1st April to 31St March. In this article, we will tell you income tax rates applicable to a resident individual for the financial year 2021-22 (Assessment Year 2022-23) and financial year 2022-23 (Assessment Year 2023-24). We will also summarize … [Read more...] about Income tax rates for FY 2021-22 and 2022-23-Applicable to an individual
Exchange Traded Funds (ETFs) – All you need to know
Exchange Traded Funds, better known by the acronym ETFs, might sound highly technical to you or may be a little bit scary, but, in reality these are friendly index funds that are listed and traded on stock exchanges. Exchange Traded Funds are designed for individual investors. ETFs are called exchange traded funds because they're traded on a stock exchange just like shares … [Read more...] about Exchange Traded Funds (ETFs) – All you need to know
A Beginner’s Guide to Using Moving Averages in Technical Analysis
Technical analysis is the process of analyzing past and present price charts to predict the future direction of stocks and other securities in the market. While investors often focus on fundamental ratios like price-to-earnings (P/E), sales growth, earnings growth, economic data, and the price-to-sales ratio to assess the market value, technical traders focus on analyzing … [Read more...] about A Beginner’s Guide to Using Moving Averages in Technical Analysis
Head and Shoulders Pattern in technical analysis: Explained
Head and shoulders pattern (sometimes marked by labels H&S or S-H-S) form at the top and bottom of a trend as a reversal formation. It can also be formed as a continuation or consolidation pattern during an ongoing trend. In this article, we will be discussing the type of head and shoulders pattern, its formation and importance in technical analysis. In … [Read more...] about Head and Shoulders Pattern in technical analysis: Explained
Understanding the Marubozu Candlestick Pattern
Traders use candlesticks to identify trading chart patterns to set up a trade. Chart patterns are formed with one candlestick or by grouping two or more candles in a certain sequence. These candlestick chart patterns help the trader to develop a complete point of view. Based on how candlestick chart patterns are formed it can be broken down into single and multiple … [Read more...] about Understanding the Marubozu Candlestick Pattern