#FINNIFTY 100% Perfect Intraday Trade🤑#We Make Only Profit.
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Intraday trading involves buying and selling options within the same trading day, rather than holding them for an extended period. By adopting this approach, traders can make profits by capitalizing on the short-term price movements of the underlying asset.22-Apr-2023
Is option buying good for intraday?
Trading intraday options can be a great way to benefit from short-term market fluctuations and make quick money. Before you dive headfirst into the fast-paced world of intraday options, it's important to have a sound strategy with an understanding of risks and rewards.
The long black candlestick is 'the mother' and the small candlestick is 'the baby'. The smaller the second candlestick, the stronger is the reversal signal. The shadows of the second candlestick do not have to be contained within the first candle's body.
Which candle is best for option trading?
Here are the top 5 candlestick patterns that traders must know:
Doji. The Doji pattern is formed when the Open Price and Close Prices are the same or almost the same, and there is Low and High Price, so the candle has nearly nobody with a lower and upper wick. ...
Hanging Man. ...
Hammer. ...
Morning Star and Evening Star.
Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price.
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Bannknifty
Banknifty reversal zones 11-5-2023Note: Always try to find a good #price action patterns or any #candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles).
(Color code for #Support & Resistance zones: Red - Sell, Green - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone ). Please understand that market can break all the support and resistance anytime. If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk. #Banknifty
BankNifty Intraday view for 09-08-2021Good morning all,
*Descriptive analysis alert*
Friday substantiated the saying, 'money saved is money earned. The index was in the range we had marked out. Any trade taken would have been troublesome to say the least.
For what's in store for tomorrow?
On the daily chart, it did move above the 35800 mark up till 36200 (dynamic support line working as resistance this time) and has pulled back from there.
We are again at a level that has acted as static resistance multiple times before and is evident on the hourly chart too. The 15M chart tells another story though. Multiple bottoms around 35720 and lower highs suggest a southside move. So, neutral for me.
Long side view:
Buy above 36155
Target 1 - 36220
Target 2 - 36290
above this, trail your SL
(Long SL - 100 points)
---------------
Short side view:
Sell below 35660
Target 1 zone - 35545 - 35525
below this, trail your SL
(Short SL - 100 points)
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., do spread the word.