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NIFTY : 19TH OCT#NIFTYINDEX, #NIFTY50 * NIFTY INDEX : RESISTANCE AT 17550 - STRONG SUPPORT AT 17000. > After two day rally, Nifty may go for consolidation mode. Banking Sector rally may continue, that will make nifty to break 17600. > Global Market seems to be in consolidation Mode or Profit Booking after huge rally for past 2 days. * NIFTY TECHNICAL : NEUTRAL , HUGE GAP UP WILL BE DIFFICULT TO SUSTAIN UNTILL ANY POSITIVE NEWS. AT 17500 OI : CALL - 85 L PUT - 52 L. * SECTOR TO WATCH : BANKING, AUTO DAILY CHART : RESISTANCE AT 17550 . STOCKS TO WATCH : #TATAPOWER, #CANBK, #SBIN #AUBANK, #FEDERALBANK. Canara bank and Sbi both made huge rally, with expecting positive report from q2 result. After result, profit booking may happen.
NSE:NIFTY
by uzumakisensi
How the hammer candle stick pattern is formed ??Educational Post Hammer candle stick pattern is important pattern shows counter attack of bulls. This pattern has significance when price is near crucial support or near long term moving average. Hammer shows that bears are unable to beat the bulls and not able to make close in bulls territory. Bulls also shows their presence when price enters in their territory. Please like, share and folloew for more such educational posts. Have a Happy Trading :) !!!
TVC:SILVEREducation
by Darshan_Panchal
BACKTESTED PIVOT INTRADAY STARTEGY [INDIA MARKET TIMING]A Back-tested Profitable Strategy for Free!! A PIVOT INTRADAY STRATEGY for 5 minute Time-Frame , that also explains the time condition for Indian Markets The Timing can be changed to fit other markets, scroll down to "TIME CONDITION" to know more. The commission is also included in the strategy . The basic idea is when , 1) Price crosses above ema1 ,indicated by pivot high line in green color . 2) Price crosses below ema1 ,indicated by pivot low line in red color . 3) Candle high crosses above pivot high , is the Long condition . 4) Candle low crosses below pivot low , is the Short condition . 5) Maximum Risk per trade for the intraday trade can be changed . 6) Default_qty_size is set to 60 contracts , which can be changed under settings → properties → order size . 7) ATR is used for trailing after entry, as mentioned in the inputs below. // ═════════════════════════// // ————————> INPUTS <————————— // // ═════════════════════════// Leftbars ——————————> Length of pivot highs and lows Rightbars —————————> Length of pivot highs and lows Price Cross Ema —————> Added condition ATR LONG —————————> ATR stoploss trail for Long positions ATR SHORT ————————> ATR stoploss trail for Short positions RISK ————————————> Maximum Risk per trade for the day The strategy was back-tested on RELIANCE ,the input values and the results are mentioned under "BACKTEST RESULTS" below . // ═════════════════════════ // // ————————> PROPERTIES<——————— // // ═════════════════════════ // Default_qty_size ————> 60 contracts , which can be changed under Settings ↓ Properties ↓ Order size // ═══════════════════════════════// // ————————> TIME CONDITION <————————— // // ═══════════════════════════════// The time can be changed in the script , Add it → click on ' { } ' → Pine editor→ making it a copy [right top corner} → Edit the line 25 . The Indian Markets open at 9:15am and closes at 3:30pm . The 'time_cond' specifies the time at which Entries should happen . "Close All" function closes all the trades at 3pm , at the open of the next candle. To change the time to close all trades , Go to Pine Editor → Edit the line 103 . All open trades get closed at 3pm , because some brokers don't allow you to place fresh intraday orders after 3pm . NSE:RELIANCE // ═══════════════════════════════════════════════ // // ————————> BACKTEST RESULTS ( 128 CLOSED TRADES )<————————— // // ═══════════════════════════════════════════════ // INPUTS can be changed for better back-test results. The strategy applied to NSE:RELIANCE ( 5 min Time-Frame and contract size 60) gives us 61% profitability , as shown below It was tested for a period a 6 months with a Profit Factor of 1.45 , Net Profit of 21,500Rs . Sharpe Ratio : 0.311 Sortino Ratio : 0.727 The graph has a Linear Curve with consistent profits. The INPUTS are as follows, 1) Leftbars ————————> 3 2) Rightbars ——————— > 5 3) Price Cross Ema ———> 150 4) ATR LONG ——————> 2.7 5) ATR SHORT —————> 2.9 6) RISK —————————> 2500 7) Default qty size ——> 60 NSE:RELIANCE Save it to favorites. Apply it to your charts Now !! FOLLOW US FOR MORE ! Thank me later ☺
NSE:RELIANCEEducation
by The_Algo_Engineer
1
Intraday Consolidation Breakout ExplainedOK let's get started , A Day Trading (Intraday) Consolidation Breakout Indication Strategy that explains time condition for Indian Markets . The commission is also included in the strategy . The basic idea is , 1) Price crosses above upper band , indicated by a color change (green) is the Long condition 2) Price crosses below lower band , indicated by a color change (red) is the Short condition 3) ATR is used for trailing after entry // ═══════════════════════════════// // ————————> TIME CONDITION <————————— // // ═══════════════════════════════// The Indian Markets open at 9:15am and closes at 3:30pm. The time_condition specifies the time at which Entries should happen . "Close All" function closes all the trades at 2:57pm. All open trades get closed at 2:57pm , because some brokers dont allow you to place fresh intraday orders after 3pm . NSE:NIFTY1! // ═══════════════════════════════════════════════ // // ————————> BACKTEST RESULTS ( 114 CLOSED TRADES )<————————— // // ═══════════════════════════════════════════════ // LENGTH , MULT (factor) and ATR can be changed for better backtest results . The strategy applied to NIFTY ( 3 min Time-Frame and contract size 5) gives us 60% profitability , as shown below It was tested for a period a 8 months with a Profit Factor of 2.2 , avg Trade of 6000Rs profit Sharpe Ratio : 0.67 The graph has a Linear Curve with consistent profits. NSE:NIFTY1! // ═════════════════════════// // ————————> INPUTS <————————— // // ═════════════════════════// For the Back-Tested results : LENGTH ————————> 30 MULT_STDEV ——————> 3 ATR TRAIL ————————> 2 Save it favorites. Apply it to your charts Now !! Thank me later ;)
NSE:NIFTY1!Education
by The_Algo_Engineer
ADANI POWER - DAILY CHART - 28.09.2022 - BAHAVAN CAPITALADANI POWER as per daily chart analysis Stock is once again in consolidation between 381 - 362. Once 382 is Broken then Target is 432 Once 362 is Broken then Target is 342 FII Net Buying 22025.62 Crores for August 2022 FII Net Selling 13143.57 Crores upto Sep 28 2022 It Shows FII only holding 8882.05 Crores as on today 28.09.22 and if they dilute then whether it can reach July level which was Nifty 15195? Lets see....
NSE:ADANIPOWER
by UnknownUnicorn19608572
SAMVARDHANA MOTHERSON - DAILY - 28.09.22 - BAHAVAN CAPITALSAMVARDHANA MOTHERSON INTERNATIONAL as per daily chart analysis Stock have broken support at 110 and now next support is at 101 level and if this is broken next support is at 91 level. FII Net Buying 22025.62 Crores for August 2022 FII Net Selling 13143.57 Crores upto Sep 28 2022 It Shows FII only holding 8882.05 Crores as on today 28.09.22 and if they dilute then whether it can reach July level which was Nifty 15195? Lets see....
NSE:MOTHERSON
by UnknownUnicorn19608572
BSE -DAY CHART - 26.09.2022 - BAHAVAN CAPITALBSE as per Daily chart analysis stock Below 596 then Target is 586. With FII Net Selling 5101.30 Crores and DII Net Buying 3532.18 Crores it looks like FII have begin the selling once again and tomorrow could be an important day to see whether market is able to recover by consolidating forming a Reversal Doji candle in Nifty and Bank Nifty or continue to fall. Lets see whether the market if at falls can take reversal at jun 17th 2022 Nifty level of 15183. I have Bought Vedanta and will continue to buy more stocks during this correction. Happy Profitable Trading to all.. Happy Navaratri wishes to All...
NSE:BSE
by UnknownUnicorn19608572
CDSL - DAY CHART - 26.09.2022 - BAHAVAN CAPITALCDSL as per Daily chart analysis stock Below 1239 then Target is 1209 / 1154. With FII Net Selling 5101.30 Crores and DII Net Buying 3532.18 Crores it looks like FII have begin the selling once again and tomorrow could be an important day to see whether market is able to recover by consolidating forming a Reversal Doji candle in Nifty and Bank Nifty or continue to fall. Lets see whether the market if at falls can take reversal at jun 17th 2022 Nifty level of 15183. I have Bought Vedanta and will continue to buy more stocks during this correction. Happy Profitable Trading to all.. Happy Navaratri wishes to All...
NSE:CDSL
by UnknownUnicorn19608572