# WE WILL MAKE ONLY PROFIT
#The relative strength index (RSI) is a popular momentum oscillator developed in 1978. The RSI provides technical traders with signals about bullish and bearish price momentum, and it is often plotted beneath the graph of an asset's price.
#What Does the RSI Tell You?
The primary trend of the stock or asset is an important tool in...
# WE WILL MAKE ONLY PROFIT
#What Is Moving Average Convergence Divergence (MACD)?
Moving average convergence divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. The MACD is calculated by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA.
The chart has highs and lows of first 15 min. candle marked for a few trading days, and backtest results of trades taken on breaking of these levels in either direction.
A friend has told me about this system, I decided to back test out of curiosity, surprisingly it works. The system gave 100+ points on Bank nifty on 9 out of 11 days.
I believe, if we use...
Prediction: Since there is Jackson Hole Event, chances are that market wont leave their position open. Hence, there are high chance that we see Bank Nifty down tomorrow. Further, 35600 is important support. Next support will be 35350-00. Below 35300 don't forget to short with SL 35375.
Pattern: An ascending triangle is a chart pattern used in technical analysis....
Hello Traders! Here we gonna learn how one can trade Nifty/Banknifty using pure price action and get better results
Assuming that one knows what is Support and Resistance & know about candlesticks
So traders, all you need is to draw the support/resistance levels on your chart, here I've draw S/R levels in Banknifty and
timeframe I'm using is 15 mins for...
- Price is converging between lower trendline and upper trendline, will need to give breakout (follow the major trend)
- Price must trade above 35800 and sustain to make upper move to ATH which is 5.38% away)
- Outperformed nifty this week, follow up price action is needed (upside) as price closed exactly at upper trendline shadow
- Anticipating breakout in 1-3...
I gave you guys these Levels Yesterday To Trade. The First 5 Min CAndle Took a Heavy Support From the Major Support Zone and Made a Very Strong Bullish Candle and I Entered Straight Away In the Trade and Booked Over 180 Points in BankNifty FUT In Just 10-15MIn.Thats The Power of Demand and Supply Zones. Follow Me To Capture these Kind of MOves I Share them EveryDAy.
CLOSELY WATCH THE LEVELS
VOLUMES HAVE STARTED TO POP IN
- Smallcap, Material (paper)--posted negative results FY21---quarterly results mar21 is positive
-W- Stock has bottomed out and started making positive price structure
- Above all major EMA on D, in W, crossing 100EMA with good VOL
- Parameters positive on D & W
- Volume have started to...
An Anchored VWAP (Anchored - Volume weighted Average Price) lets you make up an idea on whether the control of the market is on side of bulls or bears. Like the traditional VWAP, it incorporates price and volume in a weighted average and can be used to identify areas of support and resistance on the chart. Just like in intraday setup, a traditional VWAP lets you...
In the video , i have analyzed our own Setup for the week from Mon 07.06.21 to Fri 11.06.21.
How was out Setup ?
What trades we took ?
All has been answered.
In the end i have given you a task to do. Please leave behind your answer in the Comment.
Chances banknifty will trade in between range of 35000 to 35500 levels. In case breakout of this range will give strong points move in breakout direction.Weakness possible if banknifty trading below 34950 level. Upside rally possible if banknifty trading above 35500 level.
Check out daily Nifty and Banknifty Target for Intraday & Prediction for Tomorrow.These Forecast are based on some of the most used Technical Indicators; hence, they are expected to give accurate predictions.
This Index Target, Forecast or Predictions should be used only for reference & educational purposes. The Data or Information provided may or may not be...
Check out daily Nifty Target for Intraday & Nifty Prediction for Tomorrow.These Forecast are based on some of the most used Technical Indicators; hence, they are expected to give accurate predictions.
This Index Target, Forecast or Predictions should be used only for reference & educational purposes. The Data or Information provided may or may not be accurate or...