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NTPC Swing SHORT NTPC made a 7 week, 20% down move in Oct and Nov 2024 and then was consolidating for 3 weeks around its 200 day moving average. This week (16th Dec 2024) it broke away from the small consolidation cluster and is continuing down move. Bearish momentum and poor relative strength aligns with bearish down move to next support zone 305 to 315. This zone has confluence of supports and would look for multi-week consolidation/upward retracements. Sharing for educational purposes.
NSE:NTPCShort
by SwingBytes
RSI in trading The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of a security's recent price changes to detect overbought or oversold conditions in the price of that security. The relative strength index (RSI) is an indicator used in technical analysis to determine overbought and oversold conditions, which provides traders with buy and sell signals (when to enter and exit positions). Values above 70 indicate overbought conditions and those below 30 indicate oversold conditions.
NSE:IGLEducation
by SkyTradingZone
Option Trading Options are a type of contract that gives the buyer the right to buy or sell a security at a specified price at some point in the future. An option holder is essentially paying a premium for the right to buy or sell the security within a certain time frame. When options are better. Options can be a better choice when you want to limit risk to a certain amount. Options can allow you to earn a stock-like return while investing less money, so they can be a way to limit your risk within certain bounds. Options can be a useful strategy when you're an advanced investor.
NSE:NIFTYEducation
by SkyTradingZone
MACD part 2 in trading Narrator: The moving average convergence divergence, or MACD, is a trading indicator, which can help measure a stock's momentum and identify potential entries and exits. The MACD is a lower indicator, meaning it usually appears as a separate chart below a stock chart. RSI and MACD are two valuable instruments for technical traders. The RSI is particularly effective in identifying instances where the market is either overbought or oversold in range-bound conditions. The MACD, on the opther hand, is most useful in trending markets as it highlights changes in momentum and trends
BSE:SENSEXEducation
by SkyTradingZone
MACD in trading The Moving Average Convergence/Divergence indicator is a momentum oscillator primarily used to trade trends. Although it is an oscillator, it is not typically used to identify over bought or oversold conditions. It appears on the chart as two lines which oscillate without boundaries. Narrator: The moving average convergence divergence, or MACD, is a trading indicator, which can help measure a stock's momentum and identify potential entries and exits. The MACD is a lower indicator, meaning it usually appears as a separate chart below a stock chart.
BSE:SENSEXEducation
by SkyTradingZone
option and database trading Options are a type of contract that gives the buyer the right to buy or sell a security at a specified price at some point in the future. An option holder is essentially paying a premium for the right to buy or sell the security within a certain time frame. When options are better. Options can be a better choice when you want to limit risk to a certain amount. Options can allow you to earn a stock-like return while investing less money, so they can be a way to limit your risk within certain bounds. Options can be a useful strategy when you're an advanced investor.
BSE:SENSEXEducation
by SkyTradingZone
Database trading Part 2Assets which can be considered trade secrets may include 'know-how' databases, recipes, technical designs, software code or even pricing matrices, and must be protected via the implementation of a trade secrets policy. Paper trading, also known as virtual trading or simulated trading, is a practice that allows beginners and experienced traders alike to simulate the process of buying and selling financial assets, such as stocks, without using real money.
NSE:NIFTYEducation
by SkyTradingZone
Technical trading Technical analysis is a trading strategy used by investors to identify new investment possibilities. To anticipate future price movements of stocks or other assets, for example, past price and volume data is studied and shown on graphic charts, where trends, patterns, and technical indicators can be identified. ​Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future.
BSE:SENSEXEducation
by SkyTradingZone
Selling Dominates Nifty Bank: Technical Outlook for Key Stocks◉ Nifty Bank Technical Outlook NSE:BANKNIFTY ● The index has broken below its trendline support and is currently testing its immediate support zone between 48,300 and 48,600. ● If selling pressure persists, the index may plummet another 5% to find support around the 46,000 level. ◉ Key Constituents' Technical Standings Let's dive into the technical analysis of the top Bank Nifty constituents to gauge their current standings and potential future movements. 1. HDFC Bank (Weightage - 28.11%) NSE:HDFCBANK ● As the leading component, HDFC Bank is poised to exert downward pressure on the overall index. ● The stock has broken below its trendline support and has been falling continuously for the last 6 trading sessions. ● Support level is expected somewhere between 1,600 - 1,610 level which is around 3.4% below from the current level. 2. ICICI Bank (Weightage - 24.98%) NSE:ICICIBANK ● The stock has also fallen below its trendline support and is currently hovering just above its immediate support zone. ● If this support is breached, a significant correction could drive the price down to around 1,150. 3. Kotak Mahindra Bank (Weightage - 8.80%) NSE:KOTAKBANK ● The stock has been consolidating within a range for almost 4 years. ● Recent chart patterns suggest the price may test its support zone again, around 7.7% below the current level. 4. Axis Bank (Weightage - 8.54%) NSE:AXISBANK ● Axis Bank's chart shows a bearish pattern, similar to HDFC Bank's, and is likely to experience a fall of around 6%. 5. State Bank of India (Weightage - 8.45%) NSE:SBIN ● The stock is currently positioned just above its immediate support level, suggesting a strong potential for a rebound from this point.
NSE:BANKNIFTYShort
by GoodluckCapital
Gold strategy next week January 13 - 20Reasons Behind GOLD's Strong Rebound Despite Positive NFP and Unemployment Rate Data After the release of the NFP and UR data, which showed solid job creation last month, Gold initially dropped sharply following the news. However, investors soon reassessed the data and took a closer look at the revisions to previous months' figures. The job creation figure for the prior month (November) was revised downward significantly from the initially reported numbers. Combined with October’s revisions, the total downward adjustment for October and November amounted to approximately 800K jobs—a substantial revision! This led investors to speculate that December’s job creation numbers, despite appearing strong now, might also be subject to downward revisions at the beginning of next month. Should this happen, the actual job creation for December might turn out to be less impressive than currently reported, or possibly even weaker. This “history repeating itself” factor influenced the market sentiment. As a result, Gold staged a strong rebound after its initial sharp decline following the release of the data. Outlook for Gold in the Coming Week Gold is likely to revisit its recent high in the 2718–2721 range, given last week’s upward momentum. This level seems easily achievable. However, Gold has seen substantial gains in recent weeks, and a correction might be on the horizon. Such a pullback could fill liquidity gaps below, building stronger upward momentum to either retest or break through the all-time high resistance zone. Key Events to Watch in January Trump's Return to the White House: The inauguration could bring significant market volatility as we approach the end of the month. Asian New Year Holidays: The late-January holidays could cause a period of reduced liquidity. Given these factors, Gold may not yet have enough momentum to break through its all-time high. A correction is likely in the next 1–2 weeks, presenting opportunities for sell positions. Trading Strategy The key levels have already been marked on the chart. Specific entries will depend on daily price movements, and further updates will be provided accordingly. For now, focus on the resistance levels where price might react and drop back. Take note!
OANDA:XAUUSDShort
by KevinNguyen-SimpleTrade
1
SP500#1: HOW DOES NONFARM AFFECT SP500?🔎 1/ Fundamental Analysis 🟥 Political tensions: • The US increases pressure on Russia through energy sanctions. This could lead to trade retaliation, negatively affecting the economy. 🟥 Interest rate policy: • Interest rates are likely to remain unchanged until June, limiting the amount of money injected into the market – causing concern. 🟥 CPI data next week: • Inflation is the biggest determinant of interest rate policy. Forecasts show that inflation is likely to increase again, continuing to put pressure on the market. 💡 Basic conclusion: The market faces a less optimistic sentiment due to increasing economic and political risks. 📊 2/ Technical Analysis 🔵 W (Weekly) Frame: • This week closed with a long-tailed, long-bodied candle – a strong bearish sign. 🔵 D (Daily) Frame: • The bearish structure was confirmed after Friday's trading session. 🔵 H1 (Hourly) Frame: • The bearish price structure is clear: consecutive lower highs, the support trendline is broken. 💡 Summary: All three timeframes are supporting the downtrend. 📈 3/ Trading Plan 🟢 Correction strategy: • Support zone: 5676~5750. 👉 Wait for price reaction at this zone to find an opportunity to enter the order. ⚠️ Note: The weekly candle closes badly, profit expectations should not be too high. Do not rush to catch the bottom! 🔴 Trade in the direction of the trend: Resistance zone: 5890~5915. 👉 Plan: Wait for the price to react at the resistance zone to enter a sell order in the direction of the trend. 🎯 Profit target: 5680 - strong support zone. ❓ Which side are you on - BULL or BEAR? 💬 Leave a comment to discuss and exchange!
FX:SPX500
by TonyL0ng