Mean Reverting versus Non–Mean Reverting Approaches The type of technical studies employed also depends on the approach taken by traders and analysts with respect to their personal preferences and biases regarding the action of price in the markets. Basically, traders either adopt a contrarian or a momentum‐seeking type approach. Being more contrarian in their...
Today, NSE:NIFTY1! technically hit an ATH of 16,546.50, nearly 5% more than the opening price. Why did this happen? What's the reason? And how do buyers and sellers work? Basically, buying increases prices. As long as buying is strong, prices will increase. As soon as sellers start taking control from buyers, price will first slow down then stop going up and...
Query : How much capital is needed to trade? This is one of the most frequently asked query from new traders. I have seen people who have the opinion, “50 Lakh or one crore capital make trading safe & secure”, “only people who have capital more than 50 Lakh only earn money from trading” etc. Its true that without capital we cannot start any business. Its also true...
Lets start with an example of NIFTY. Tomorrow, NIFTY can have three states - It can either end in green. It can either end in red. It is in the same place. Note - On any given day, NIFTY will be following one of these three states. Now, as per the theory of the Markov Chain, We need to assume that, tomorrow's state of NIFTY depends on today's state. So,...
Averaging & Pyramiding Rules Part-1. Mainly its part of psychology. If your psychology does not allow you to average with additional small risk just don't do it.
What is a Cup and Handle pattern? • The pattern resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. • This drop, or “handle” is meant to signal a buying opportunity. When this part of the price formation is over, the stock may reverse the course and reach new highs. • It is a bullish continuation...
So uch potential in this stock
CEAT channel pattern Confirmation: at support
Four type of Support and Resistance explained. 1. Horizontal resistance 2. Trendline 3. Fibonacci 4. Moving average
Setups are a very small part of what is necessary for a complete trading system, yet people still claim their setup conditions are their systems. When you see the setups in stock, you have an increased probability that the stock will go up. But it is through position sizing strategies & managing the ratio of risk to reward throughout the trade that produces great...
Idealized Elliot wave Progression
You can also learn and get confident from my backtest chart with proof. Refer the chart for the same. The above chart illustrate what is Regular flat correction. 3*3*5 structure. Guidelines • A corrective 3 waves move labelled as ABC • Subdivision of wave A and B is in 3 waves • Subdivision of wave C is in 5 waves impulse / diagonal • Subdivision of wave A...
Tradingview Tools and Stock Screener explained which are use din trading and charting regularly.