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Beyond Technical Analysis

BANKNIFTY Levels for Expiry Day !🛑in Yesterday market analysis i told that there's indecision between buyers and sellers at high level , and today also market is rejected from 38800 - 38900 levels and if you see the BANKNIFTY in Day frame chart we can clearly observe that it forming bearish candles at higher levels -in today market we can observe that there's is indecision between sellers and buyers at higher levels and Caution it is bull market (Showing that no more buying interest for Institutional traders and that can be confirmed by FIIs ,DIIs data these two were pulling out their money) -Bank nifty trading above all the moving averages those were 21 day, 50 day , and 100 day - Bank Nifty WEEKLY Pivot is at 38800 🛑 keys Levels to watch out for day traders - resistance is at 39450 - 39850 -with the stop loss of 39700 - we can see target of 40000 - Support Levels is at 39400-39300 - with SL of 39500 - we can see Target of 39000 if you like it ,do follow for more have a nice day
NSE:BANKNIFTYEducation
by agasthya_d
Nifty:WaveTalks-Bulls Yelling Excitement- The Gap Strategy!!! Bulls Yelling The Excitement- The Gap Strategy!!! When they come together, they are trying to tell you something. --------------------------------------------------------------------- 17950 – Critical Level: The Important Clue --------------------------------------------------------------------- From the last 2 ideas published at TradingView - Crossing above 17950 & not falling below 50 Period Moving Average provided dynamic support to the Index – an important pullback trading strategy that bulls use to participate in the bull run. 50 Period Moving Average shown as Flag Mark + Red Circle (Offered Dynamic Support) --------------------------------- Gaps Strategy --------------------------------- Gaps act as support & resistance which can be used as another trading strategy. Intraday today @ 19thOct2021. Gap 3 held as support & gave bounce from current day low @ 18400 to 18550+ which is currently in progress. -------------------------------- What Next? -------------------------------- Current Fall looks Impulsive in nature from the Highs of 18600’s in the opening session, If holds as resistance & falls below 18550(strictly) then Next dynamic support could be gap 3 once again & if it gets filled- 2nd support shall be close to 18275-18300 zone which is 50 periods moving average. If falls below 50 periods moving average Gap 2 & Gap 1 should act next supports. Thanks for reading!
NSE:NIFTYEducation
by WaveTalks
12
Trader's Queries - How to control over trading?Query 1 : I start the day with profit, but at the end of the day I am in loss. How to avoid it? Query 2 : My profit is going to brokerages only, I am not making enough profit. How to over come it? Answer : One of the biggest causes for a trader to lose money is over trading. The emotion which causes is nothing but greed. A fearful person who hesitates to place order wont over trade, but he do wrong trades. When a trader wants to recover his loss fast, or when he want to make big money in few days, or when he is not thinking about brokerages, or when he is over confident about his trade, or when he thinks he is risking small amount, or when he trade for thrill or when he is simply gambling or when he is addicted the trader over trades without thinking about consequences. Note : Write below in the comment why you over trade. Right, now we have seen the reasons for over trading. Each and every reason needs different way of approach to rectify it, but one major understanding about market can reduce your over trading. Do market have clear trend daily? Do you see one direction move in market daily? No, of course not. So when there is no clear trend, don’t trade. When you don’t understand the direction of the trend, don’t trade. Make a rule that the trades you take should have more technical reasons and no trade when market is not clear. This simple rule will help you to reduce your over trading habit.
CEducation
by vanathi
8
WaveTalks: Nifty-Can Bulls Bounce Back?- The Irregular Triangle 6th / 7th Oct2021 The index topped at 17882 this morning was a perfect behavior for the last leg downside in an irregular triangle updated in TradingView Author status / Last idea (add on comment). 6th Oct2021 – WaveTalks: Nifty-Irregular Triangle: ( Stops Above 17890 ) Irregular structures are those which is surpassed in the next leg as it happened for Index Nifty starting 17th Sep2021. --------------------------------------------------------------------------------------- Let us take a flashback tour for Index Nifty starting 17th Sep2021. --------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------------------------------- Wave A or 1st Leg / Wave Downside- Starting at highs of 17792 on 17th Sep2021 (17792 to 17326 = 466 Points drop) ------------------------------------------------------------------------------------------------------------------------------------------------------------- Considering 17792 High on 17th Sep2021, as the start of the structure, slipped to 17326 as 1st leg downside & pushed upside in 2nd leg to new all-time highs of 17948 (From 17326 to 17948). --------------------------------------------------------------------------------------------------------------------- Wave B or 2nd Leg / Wave Upside (17326 to 17948 = 622 Points Upside Rally) --------------------------------------------------------------------------------------------------------------------- 2nd leg crossed 17792 highs & made a new high at 17948 giving us 1st clue that some irregular structure could be unfolding next as all the moves so far from 17th Sep2021 was corrective in nature which was running across my mind at that moment. --------------------------------------------------------------------------------------------------------------- Wave C or 3rd Leg / Wave downside (17948 to 17452 = 496 Points drop) --------------------------------------------------------------------------------------------------------------- The fall from 17948 highs to 17452 was again corrective in nature. This time I became 100% sure that it is a 75-80% chance that Triangle could be unfolding next & I started putting my sleeves up in excitement as I could be getting 2 legs back to back if identified correctly. This is all I was thinking like a trader. The market pushed upside right from the zone 17450-17475 buying zone suggested as PRZ (Potential Reversal Zone) in the idea published to the TradingView community on 1st Oct2021 - Bullish Gartley -------------------------------------------------------------------------------------------------------------------- Wave D or 4th Leg / Wave Upside (17452 to 17882 = 430 Points Upside Rally) -------------------------------------------------------------------------------------------------------------------- This 4th Leg had to stop below 17948 Highs if the structure had to be correct as crossing above 17948 – this whole triangle scenario could have gone for a toss as structure invalidates. Keeping that in the mind, I quickly updated all the followers in the last idea this morning before the market starts selling below zone 17800-17825 which was an important zone. I agree it was choppy as markets will never give you straight or easy moves & especially when the triangle is unfolding. ------------------------------------------------------------------------------------------------------------- Wave E or 5th Leg / Wave Downside (17882 to 17617 = 269 Points drop) ------------------------------------------------------------------------------------------------------------- This wave was choppy at the start but it was all controlled by the bears till the end of the day when Nifty made low @ 17613 & closed at 17646 @ 6th Oct2021 -------------------------------------- Few things to note -------------------------------------- Our Final Target 17550-17575 is not completed so be careful as the Index may slip to these levels & take support of the Trendline rising upside connecting Wave- A(Bottom-17326) & Wave-C (Bottom- 17452) respectively. ------------------------ What Next? ------------------------ As a trader, we want to know what next. So here it is. When Triangle gets completed which is assumed to be sideways correction in the uptrend suggests that the next wave can be upside in an explosive manner which is seen or observed as a Thrust. In current scenario, thrust is expected upside for new highs or similar highs of 17948 So, Holding Levels 17452 which is Wave C – Bottom & 17326 which is Wave A – Bottom are key & critical level of support. Till the time key & critical support holds we expect Bulls to come back & take the control or be in the driver’s seat next. ---------------------------- Target Next --------------------------- Upside Nifty Index is open to travel minimum 17948 Highs & crossing above it will easily travel 18000+ A New All Time High. -------------------- Note -------------------- Always be careful at the tops as euphoria or crazy moves may put a trader in complacent zone & we forget all about risk management. Historically, It has been observed that crazy upside moves are followed immediately by opposite downside move which can be even bigger in size if happens.
Editors' picks
NSE:NIFTYEducation
by WaveTalks
30
Bullish RSI Divergence -A case study and future recommendationRSI Divergence refers to the deviation of RSI with respect to price. Even though the price may be going in a set direction (say making lower lows), the RSI could go in a completely different direction (higher lows). RSI is a clearcut indicator of buyer strength or buyer accumulation at a specific given time and price. An RSI Divergence generally is strongly related to change in trend. RSI Divergence can be of 2 types: Bullish and Bearish. Here I shall discuss about Bullish RSI Divergence. In case of Bullish RSI Divergence, the price makes a lower low (in a downtrend) while the RSI makes higher lows (a sort of W formation). This shows that even though the price is dropping, the buyer strength and accumulation is increasing. Please refer the image above for visual example. How to trade? In case of bullish divergence, one should go long with a SL below the low of the present price. In the present case, one can go long in Amaraja with a SL of 660 and for a target of 800-850
Editors' picks
AEducation
by tksthathachari
35
One BO, different entries and it's psychology!As a breakout & retest is complete, it gives the best scenerio for entry with compliance to the rules of money management as RR ratio and position sizing are considered as major components while entring a trade for a trader. In this case, a low has been established at 665 which will act as a point for SL placement in the near future. Types of traders entering into this trade: #1. Agressive traders: These traders wait for a buyers candle to form after a retest on the trendline and as soon as the candle forms like in this case, a buy stop order at the high price of the candle is placed. This is a risky bet but this reduces the SL significantly while providing the best possible RR ratio for the position. #2. Conservative Traders: Here, as the breakout is complete and the stock establishes a High (in this case 739.85(Doji candle High)) and when the retest is done, these traders wait for the high (739.85) and place a buy stop order at this price giving the safest possible entry in theory. Though this distorts the RR ratio a little bit as SL remains the same but the probability for upside is high. This entry works on the Dow Theory as Higher Highs and Lower Lows starts to form which indicates bullish view. This is why it is said that trading is 20% execution and 80% waiting.
NSE:PRINCEPIPEEducation
by abhinavjain97
Anatomy of Cup & Handle Pattern Explained with examples ☕What is Cup & Handle Pattern ? 1.A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift. 2.A cup and handle is considered a bullish signal extending an uptrend, and is used to spot opportunities to go long. 3.Technical traders using this indicator should place a stop buy order slightly above the upper trendline of the handle part of the pattern. Some Examples from -MY OWN ANALYSIS :- ----------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------- 1 Cup with Handle Base 2 Saucer Base The Saucer base is basically a long, drawn out cup base. Characteristics of a Saucer are: 1. A depth of 12-20%. 2. A length of 7 weeks to more than a year. 3. If a handle forms then the buy point is the peak just before the pull back plus 10 points. 4. However a handle will often not form after the long period of this base. If there is no handle then the buy point is the peak on the left side of the saucer plus 10 points. 3 Tight Closes and Narrow Price Spreads Double Bottom Flat Base – (Second Stage) Second stage base that follows an uptrend off of a stage 1 proper base (cup with saucer, saucer, double bottom ) and an uptrend Tight Closes and Narrow Price Spreads Prior Sequence 1. Uptrend 2. Proper Base 4 Ascending Base – (Second Stage) Second stage base that follows an uptrend off of a stage 1 proper base (cup with saucer, saucer, double bottom ) and an uptrend Pull-backs occur at general market declines Square Box – (Second Stage) Second stage base that follows an uptrend off of a stage 1 proper base (cup with saucer, saucer, double bottom ) and an uptrend Buy Point = $ 0.10 above highest peak < 10-15% 4 – 7 Weeks 5 3 – 4 Weeks Tight – (Second Stage) Second stage base that follows an uptrend off of a stage 1 proper base (cup with saucer, saucer, double bottom ) and an uptrend. Volume over 3 – 4 weeks is well under control Weekly closes within 1%, however, 1 week can be 1.5% Opportunity to add High Tight Flag The pattern forms when a stock surges 100% to 120% in four to eight weeks. The stock then corrects 10% to 25% in three to five weeks. The ideal buy point is the high of the flag plus 10 Points Breakout from Proper Base followed by price run-up of > 100% within 4-8 weeks 3 – 5 weeks correction between 10 – 25% Buy Point = 0.10 higher than peak of correction 6 Base on Base If an uptrend is less than 20% and the stock builds another base, it's called a "base-on-base" pattern and is counted as part of the previous base Conclusion The cup and handle pattern is a bullish continuation pattern triggered by consolidation after a strong upward trend. The pattern takes some time to develop, but is relatively straightforward to recognize and trade on once it forms. As with all chart patterns, trading volume and additional indicators should be used to confirm a breakout and continuation of the original bullish price movement.
NSE:FEDERALBNKEducation
by ReviveTraders
8
bankniftyaaj to bohot hi alag move dikhaya h bank nifty ne almost sub ka stoploss le kar sub ka maal kata h. aaj sub log shock the bank nifty ne 3 bar aapni chal dikhai h jisme phele half me bull fir 2 half me bohot bear and 3 half me fir se bull dikha diya aaj bohot kaam logo honge jinhone paisa kamaya hoga banknifty se warna zada tar logo ne aaj paisa gawaya h main hamesha ek bat pe zoor deta ho hamesah trend follow kare jis tezi k sath banknifty gira tha utni hi tezi k sath cover bhi kr lia boht hi alag day tha aaj kher market jo dikhati h sub ko chooka deti h.....
NSE:BANKNIFTYEducation
by ashishsuryavanshi67
How To Use Financial Ratios To Make Better DecisionsFinancial Ratios help you evaluate a company. Most financial ratios will show you how much money you're paying for a specific piece of the business. Let us give a few examples: Price-to-Sales Ratio = Market Cap / Sales The Price-To-Sales ratio or PS ratio tells you how expensive a company is relative to its total sales. The formula is calculated in two different ways: divide the company's market capitalization by its revenue or divide the current stock price by revenue-per-share. Because this ratio is being calculated with live price information, you can also watch it in real-time on the chart as we've shown in this example above. If a company has a market cap of $10 billion and revenue of $1 billion, well that, that implies a PS ratio of 10. You're paying $10 for every $1 in sales. You can do ratios like this for all aspects of the company. For example, PE ratio or Price-To-Earnings ratio measures the Market Cap / Earnings . This tells you how much you're paying for every dollar of earnings . Keep in mind that Financial Ratios are not perfect. They are also not a buy or sell recommendation. Instead they are shortcuts, ways to quickly evaluate a company, compare its underlying fundamentals, and study that company relative to other companies. You also must remember that financial metrics can change quickly with a single earnings report. A company's future expectations are also just as important. A company like Apple might have a high PE ratio, but if they're building and growing revenue into the future, their PR ratio could come down over time. Remember, Financial Ratios and Financial metrics in general paint a picture of the underlying business and its earnings potential. Here are some other resources to get you started: 1. Read more about Financials on TradingView in our Help Center. 2. You can also code your own strategy or indicator using this financial information . 3. We've also created a library in our Help Center so you can learn more about every Financial metric . Here are some other financial ratios that you may find interesting and how they're calculated: PE Ratio = Market Cap / Earnings PB Ratio = Market Cap / Book PEG Ratio = PE / Earnings Growth Quick Ratio = (Cash + Cash Equivalents + Current Receivables + Short Term Investments) / Current Liabilities Dividend Yield = Dividends Per Share / Price EV Multiple = Enterprise Value / EBITDA To access all of the Financial Ratios available to you, click the Financials button at the top of your chart. From here, you can select many different Financial metrics and study markets at a deeper level. More importantly, you can combine the study of Technical and Fundamental analysis at the same time. Meaning you can evaluate the fundamental side of the business including its earnings and valuation while ALSO studying price action and planning a trade. Please feel free to share your feedback and comments below! Thank you for reading.
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NASDAQ:AAPLEducation
by TradingView
8