trading strategy using bullish on neckline" (bon) candlestick pattern

Trading strategy using Bullish on Neckline" (BoN) candlestick pattern

BULLISH ON NECK LINE CANDLESTICK PATTERN

INTRODUCTION "Bullish on Neckline" (BoN) candlestick pattern ek bullish reversal pattern hai jo uptrend ki aakhir mein paiyda hota hai. Yeh pattern "head and shoulders" (H&S) pattern ki tarah hota hai lekin ek choti si variation ke saath. Is pattern mein, left shoulder, head aur right shoulder, neckline ke neeche uthta hai. Lekin right shoulder, left shoulder se kam neeche uthta hai. IDENTIFICATION Is pattern ko identify karne ke liye, aapko pehle ek H&S pattern ko identify karna hoga, phir aapko dekhna hoga ke right shoulder left shoulder se kitna kam neeche hai. Agar right shoulder left shoulder se kam neeche hai aur price fir se neckline ke upar jata hai toh yeh BoN pattern confirm ho jata hai. TIPS FOR TRADERS BoN pattern ka use mainly reversal trading mein hota hai. Jab yeh pattern confirm hota hai toh traders ko yeh indication milti hai ke price ka trend change hone wala hai aur woh long position enter kar sakte hain. Stop loss ka use kiya jaana chahiye taki koi bhi unexpected move se nuksaan na ho. Target price ko bhi define kiya jaana chahiye taki traders profits book kar saken. TRADING STRATEGY "Bullish on Neckline" (BoN) ek technical analysis ka concept hai jismein ek chart pattern ke zariye trend ka prediction kiya jaata hai. Yeh pattern typically aik downtrend ke baad aata hai aur bullish reversal ka indication deta hai. Yeh strategy kuch steps mein samjhayi ja sakti hai: Step 1: Pattern Recognition Sab se pehle chart ko dekh kar "Head and Shoulders" pattern identify karein. Yeh aik bearish pattern hai jo downtrend ka indication deta hai. Step 2: Neckline Recognition Next step hai neckline ka recognition karna. Neckline horizontal line hoti hai jo left shoulder aur head ko connect karti hai. Iski price level kaafi important hoti hai. Step 3: Breakout Confirmation Agar price right shoulder ke neeche jaati hai aur neckline ko break kar leti hai to yeh bullish reversal ke indication hai. Breakout ke baad volume ka bhi increase hona zaroori hai. Step 4: Entry Point jab breakout confirm ho jaaye to entry point ke liye wait karein. Aapko yeh dekhna hai ki price kisi resistance level ko cross kar rahi hai ya nahi. Step 5: Stop Loss Har trading strategy ke liye stop loss bahut important hota hai. Stop loss order ka placement neckline ke neeche ki taraf kiya jaana chahiye. Step 6: Profit Target Jab aap entry point par enter ho jaate hain, to profit target set karein. Profit target aapko resistance levels aur previous highs par set karna chahiye. SUMMARY Is strategy ko istemal karne se pehle, aapko ek proficient trader ke saath consult karna chahiye. Chart patterns ka sahi tarah se identification karna zaroori hai, iske ilawa technical indicators ka bhi istemal kiya ja sakta hai. Is tarah se, Bullish on Neckline pattern ek useful tool hai jise traders ka use karke profitable trades kar sakte hain