Technical Tools | Thescouttrader

1 min read

What it takes to trade our Intraday and Overnight Systems on Nifty Futures

To effectively trade using our setups, you'll need some basic chart reading skills, including: Candlestick Patterns Chart Patterns...

2 min read

Chart Pattern - Sideways Rectangle or Trading Range

A Sideways Rectangle, also known as a Trading Range or consolidation pattern, represents a period when the price moves within a range,...

1 min read

Chart Pattern - Flag or Pennant

A Flag or a Pennant forms during sideways consolidation, a continuation pattern that typically occurs after a strong price movement,...

1 min read

Chart Pattern - W Pattern

The W pattern resembles the letter "W" and is considered a bullish reversal pattern. It typically occurs after a prolonged downtrend and...

1 min read

Chart Pattern - 1-2-3 Top or 1-2-3 Bottom

A 1-2-3 Top occurs frequently on the charts, sometimes as part of a larger pattern, usually after a significant uptrend. It indicates ...

2 min read

Chart Pattern - Double Top or Double Bottom

A Double Top is a common chart pattern that indicates a potential trend reversal from bullish to bearish. It occurs after an uptrend and...

2 min read

Chart Pattern - Head & Shoulders or Reverse Head and Shoulders

The Head & Shoulders (H&S) pattern is a popular and widely recognized chart pattern used in technical analysis to identify potential...

1 min read

Candlestick Pattern - Big Green or Big Red Candle

A Big Green or Big Red Candle is characterized by a single candlestick with a relatively large body indicating a strong bullish or...

1 min read

Candlestick Pattern - Hammer or Reverse Hammer

A Hammer is a single candlestick pattern that forms at the bottom of a downtrend and signifies a potential reversal in the price action....

1 min read

Candlestick Pattern - Bullish or Bearish Engulfing

A Bullish Engulfing pattern after a significant downtrend consists of two candlesticks having the following characteristics: The first...

1 min read

Candlestick Pattern - Piercing Pattern or Dark Cloud Cover

The Piercing Pattern is a two candlestick pattern that occur after a significant downtrend, and signals a potential reversal to an ...

2 min read

Candlestick Pattern - Doji

A Doji is a candlestick pattern that indicates indecision or a standoff between buyers and sellers. It forms when the opening and closing...

2 min read

Candlestick Pattern - Narrow Range including Bullish or Bearish Harami

Narrow Range (NR) is a candlestick pattern characterized by a relatively small price range between the high and low prices compared to...

3 min read

Understanding Long Term Trend: A Comprehensive Guide

Accurately determining the long-term trend is crucial for effective trade selection. When trading on MCX, it's important to use charts...

3 min read

Gap Support and Resistance

Gap Support and Resistance (S&R) levels form due to price gaps on a chart, typically occurring overnight but sometimes during a trading...

2 min read

Congestion Support and Resistance

Congestion forms when prices move within a narrow horizontal range over two or more days, creating a Congestion Support and Resistance...

2 min read

Pivot Support and Resistance

A single sharp turning point, known as a Pivot, that has recently formed a short-term high or low after a reasonable advance or decline,...

3 min read

Horizontal Support and Resistance

In technical analysis, Horizontal Support and Resistance (S&R) levels are crucial indicators. These levels are identified by two or more...

2 min read

Introduction to Support and Resistance

Support and Resistance (S&R) are foundational concepts in technical analysis used to identify key levels where the price of an asset is...

2 min read

Candlestick Patterns that you need to know to Trade our System

Candlesticks are graphical representations of price movements over a specific period of time, such as a minute, an hour, a day, or a...

Subscribe to Our Newsletter