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BANK NIFTY INTRADAY LEVELS FOR 28/10/2024BUY ABOVE - 50920 SL - 50670 TARGETS - 51160,51420,51700 SELL BELOW - 50670 SL - 50920 TARGETS - 50380,50050,49700 NO TRADE ZONE - 50670 to 50920 Previous Day High - 51420 Previous Day Low - 50380 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
NIFTY INTRADAY LEVELS FOR 28/10/2024BUY ABOVE - 24220 SL - 24100 TARGETS - 24340,24450,24530 SELL BELOW - 24100 SL - 24220 TARGETS - 24010,23900,23800 NO TRADE ZONE - 24100 to 24450 Previous Day High - 24450 Previous Day Low - 24340 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
Gold MCX Future Intraday Technical Analysis for 28th October🚀 Unlock the potential with my #Gold MCX Future Intraday Technical Analysis for 28th October, 2024! 📍 Range Trigger Point: 78532 📅 Day Range: 744 📈 Long Position 🔹 Buy Above: 78296 📊 Average Position: 78208 🎯 Target 1: 78992 🎯 Target 2: 79276 ⛔ Stoploss: 78048 📉 Short Position 🔹 Sell Below: 78120 🎯 Target 1: 78072 🎯 Target 2: 77788 ⛔ Stoploss: 78368 ✨ Boost, follow, and engage for more detailed insights. Your support helps us bring you the latest and most accurate updates! 🚀❤️ #Gold #MCX #TradingSignals #MCXLevels #TradingTips #GoldLevels
MCX:GOLD1!
by NumroTrader
Update on #YESBANK The company has recently released its results and the results are outstanding with net profit rising 145 percent. I expect a strong rally with bullish momentum from here as we have filled the FVG between 17.5 to 19.5 and due to the strong financial result we could see serious bullish momentum take over. I had shared 3 entries at ₹23, ₹20 and ₹19.5 . All three of your entries should now be active. These entries were perfectly timed with the result of yes bank and correction in nifty . I believe we will reach the three targets that I had mentioned within 4 to 5 years from here now. Target prices ₹93, ₹120 and 280, check out my earlier post on Yes bank for more information about the company's fundamentals and technical.
NSE:YESBANKLong
by SkyTradingZone
What is Price Action ? Beginners Guide in Easy Steps Part -2In our previous discussion, we delved into the fundamental techniques of reading a price chart with key price action strategies. This time, we're set to expand our understanding even further. By the end of this article, you'll have a fresh perspective on analyzing charts and interpreting price movements, empowering you with deeper insights and more confident trading decisions. 1. Identify the direction of trend with the help of price action candlesticks a.)Strong Uptrend: Green candlesticks moving upwards continuously. Indicates strong buying pressure with no selling pressure. b.)Uptrend with Deep Retracement: Green candlesticks with some pullbacks. Sellers present, causing temporary price dips. c.)Indecisive Market: Alternating red and green candlesticks. No clear market direction, prices moving up and down without strong conviction. d.)Tight Range Before Breakout: Small red and green candlesticks within a tight range. Usually occurs before a significant breakout. e.)Weak Uptrend with Choppy Price Action: Alternating red and green candlesticks, choppy pattern. Indicates weak buying pressure and strong selling presence. f.)Healthy Uptrend: Green candlesticks with few red ones. Strong buying pressure with minimal selling, indicating a solid upward trend. 2. Importance of Wicks and the closing of candle Wick and a Doji Candle: Indicates early signs of buyers attempting to stop the price decline, If you observe closely there is a wick in previous candle also, on the break of high of the candle price hit trendline resistance and fallen again. Second Wick at the Same Zone: Sellers tried to push the price down again, but buyers stopped it, forming a bullish pin bar. First wick formed a demand zone but the second wick confirmed of buyers activity. After Some Fight, Buyers Win: Buyers managed to push the price up From the range, kicking out the sellers. More Lower Wicks: Indicates both buyers and sellers are active, but buyers are gradually winning, which is bullish. Lower Wick Shows Demand: After a downturn, the lower wick signals demand coming in. Inside Bar with Bigger Upper Wick: Shows bearish bias. The break of the low led to the continuation of the fall. NOTE: Wicks are an early indication of demand or supply presence, but the location of formation will be more important.It would help if you determined whether it's in an uptrend, downtrend, or range. 3. Multiple Candle Rejection A)Exhaustion Gap: At one point, the chart shows a gap up, where the opening price equaled the high of the day. This indicates an exhaustion gap, suggesting potential for a larger correction. Despite this, only a single bar correction occurred initially, showing resilience. B)Brutal Correction: A sharp, one-bar correction is seen, followed by buyers trying to push the prices back up within the same candle. This indicates a strong fight between buyers and sellers. C)Inside Bars and Tight Range: The presence of multiple inside bars with tight ranges and prominent lower wicks signals consolidation and market indecision. This is a period where neither buyers nor sellers dominate, often preceding a significant move. D)Break and Continuation: Eventually, the price breaks and closes above the range of the inside bars. This breakout triggers a continuation of the uptrend, evidenced by the subsequent series of green candles and higher prices. #Understanding Candlestick Wicks: Wicks/Tails: These are crucial as they indicate early signs of demand or supply. In this chart, the lower wicks suggest that buyers are stepping in at lower prices, even during pullbacks, showing underlying strength. 4.Importance of Close Of Candle If you wait for close of the Candle beyond support or resistance zone then it can help you take high-probability entries only and avoid fake breakouts. Fake breakout means when the price breaks the support or resistance area but it failed to sustain beyond that area and quickly comes inside the range. That's all for today's idea I hope you have gained good insights into how to read market direction with the help of candlesticks structure If you read market direction in consideration with the factors explained in Part 1 then the outcomes will be Great. If this idea helped you learn something new hit the boost button and share with your friends, Stay tuned new ideas in this series coming soon. Keep Learning, Happy Trading. NSE:NIFTY
NSE:NIFTYEducation
by SANJAYPATIDAR_
2
Professional Trading MindsetOne of the most important psychological characteristics of winning traders is the ability to accept (1) risk and (2) the fact that you may well be wrong more often than you are right in initiating trades. Winning traders understand that trade management is actually a more important skill than market analysis. How to trade professionally? Start with a clear and concise plan with proven strategies and then leverage the 20 rules that follow. Stick to Your Discipline. ... Lose the Crowd. ... Engage Your Trading Plan. ... Don't Cut Corners. ... Avoid the Obvious. ... Don't Break Your Rules. ... Avoid Market Gurus. ... Use Your Intuition.
NSE:BANKNIFTYEducation
by SkyTradingZone
Nifty Intraday Analysis for 25th October 2024NSE:NIFTY Index closed near 24400 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25000 Strike – 77.75 Lakh 24500 Strike – 59.27 Lakh 24400 Strike – 36.05 Lakh Put Writing 24500 Strike – 59.72 Lakh 24000 Strike – 54.39 Lakh 24400 Strike – 48.85 Lakh Index has resistance near 24550 – 23650 range and if index crosses and sustains above this level then may reach near 24850 - 25950 range. Index has immediate support near 24350 – 24300 range and if this support is broken then index may tank near 24150 – 24050 range.
NSE:NIFTY
by RKMAURYA
XAGUSD - Accumulation , manipulation and Distribution Power of 3: Accumulation, Manipulation, and Distribution (PO3) : 1. Accumulation: Definition: Accumulation is the phase where institutional traders (also called "smart money") build up their positions (either buying or selling) without causing significant price movement. They do this quietly to avoid attracting attention from retail traders. Purpose: During accumulation, price often consolidates, moving sideways within a range, creating a liquidity pool as both buyers and sellers participate. The purpose is to gather enough orders (buy/sell) before the next big move. Example: In forex, accumulation can be seen when a currency pair’s price remains in a narrow range, forming a consolidation pattern such as a rectangle or triangle. Traders often wait for a breakout from this range as a signal of the next move. 2. Manipulation: Definition: Manipulation is the phase where smart money manipulates the market to trigger retail traders' stop-losses and induce them into the wrong positions. This is often done through a false breakout or a sudden spike in price. Purpose: The goal is to grab liquidity by triggering stop-losses placed by retail traders near obvious levels of support or resistance. This creates an opportunity for smart money to take the opposite position with minimal slippage. Example: In forex, a manipulation phase might occur when price breaks out of a consolidation range, tricking retail traders into taking a position. After this false breakout, the price reverses, catching retail traders on the wrong side of the trade. 3. Distribution: Definition: Distribution is the phase where smart money begins to exit their positions after successfully manipulating the market. This leads to a strong directional move as their large orders push the price significantly. Purpose: The purpose of distribution is to unload the accumulated positions at a profit. As the market moves in the intended direction, retail traders who were manipulated into taking the wrong positions are forced to exit, adding momentum to the move. Example: In forex, distribution is visible as a sharp, sustained price movement in one direction (either bullish or bearish). This often follows the manipulation phase and can result in significant price swings. Disclaimer : Study is for educational purpose.
OANDA:XAGUSDShort
by MDstockmagic
3
BANK NIFTY INTRADAY LEVELS FOR 25/10/2024BUY ABOVE - 51700 SL - 51420 TARGETS - 51860,52020,52200 SELL BELOW - 51420 SL - 51700 TARGETS - 51160,50920,50600 NO TRADE ZONE - 51420 to 51700 Previous Day High - 51700 Previous Day Low - 51160 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
NIFTY INTRADAY LEVELS FOR 25/10/2024BUY ABOVE - 24450 SL - 24340 TARGETS - 24530,24620,24700 SELL BELOW - 24340 SL - 24450 TARGETS - 24200,24100,24010 NO TRADE ZONE - 24340 to 24450 Previous Day High - 24450 Previous Day Low - 24340 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
Nifty Intraday Analysis for 24th October 2024NSE:NIFTY Index closed near 24435 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25000 Strike – 131.29 Lakh 24800 Strike – 78.64 Lakh 24600 Strike – 73.46 Lakh Put Writing 24000 Strike – 70.06 Lakh 24200 Strike – 57.71 Lakh 24400 Strike – 57.10 Lakh Index has resistance near 24650 – 23750 range and if index crosses and sustains above this level then may reach near 24900 - 25000 range. Index has immediate support near 24400 – 24300 range and if this support is broken then index may tank near 24150 – 24050 range.
NSE:NIFTY
by RKMAURYA
Medanta - Looking solid - expecting a 70% jump Medanta is looking strong to move up by 70%. Other factors: 1. New Hospitals in Mumbai & Noida region 2. Beds capacity to be increased by 83% in next 2-3 years 3. Venturing into guest house / service apartments for providing seamless services to foreign nationals 4. Best TTM results 5. Debt has bee reduced 6. It is on a toward channel so a good value buy. A breakout will take it to heights. Keep following @cleaneasycharts for more such stocks & analysis as we provide Right Stock at Right Time at Right Price !! Cheers!!
NSE:MEDANTALong
by Cleaneasycharts
BANK NIFTY INTRADAY LEVELS FOR 24/10/2024BUY ABOVE - 51420 SL - 51160 TARGETS - 51670,51860,52020 SELL BELOW - 51160 SL - 51420 TARGETS - 50920,50600,50300 NO TRADE ZONE - 51160 to 52420 Previous Day High - 51670 Previous Day Low - 51160 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
NIFTY INTRADAY LEVELS FOR 24/10/2024BUY ABOVE - 24450 SL - 24330 TARGETS - 24530,24620,24700 SELL BELOW - 24330 SL - 24450 TARGETS - 24200,24100,24010 NO TRADE ZONE - 24330 to 24450 Previous Day High - 24620 Previous Day Low - 24330 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
4
CDSL - Descending TriangleNSE:CDSL 📅 Date : 14-10-2024 📉 Chart Pattern : Descending Triangle 🕒 Time Frame : Daily Chart 💹 CMP : 1518 Buy Above : 1525 🎯 Targets : 1840 (3 Months) 🔻 Stop Loss Level : Closing Below 1465 How does the descending triangle pattern form? A descending triangle pattern shows the behavior of sellers. It describes sellers as more aggressive than buyers, causing prices to fall and make continuous lower highs. This trend indicates weakening demand for the security, but a horizontal line prevents the price from dropping further. The price keeps declining for a while but does not cross the support line. When the price reaches the breakout point, it starts declining, signaling the start of a bearish trend in the security. The lower highs indicate increased selling pressure, responsible for a bearish trend. Disclaimer: I am not a SEBI registered analyst. The charts and levels are posted for educational purposes only and are not recommendations. Please consult your financial advisor before trading or investing. I am not responsible for any gains or losses you may incur. Happy trading! 📊🚀
NSE:CDSLLong
by vkj123
11
Trading Medicine 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. Is option trading profitable? Options trading is a risky endeavor but can be profitable if done correctly. There is no guarantee that any particular trading strategy will be consistently successful, but a few methods have proven to be effective more often than not.
NSE:BANKNIFTYEducation
by SkyTradingZone
Nifty Intraday Analysis for 23rd October 2024NSE:NIFTY Index closed near 24470 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25000 Strike – 94.74 Lakh 24800 Strike – 62.23 Lakh 24700 Strike – 49.43 Lakh Put Writing 24000 Strike – 57.51 Lakh 24500 Strike – 36.60 Lakh 24400 Strike – 33.40 Lakh Index has resistance near 24700 – 23800 range and if index crosses and sustains above this level then may reach near 24950 - 25000 range. Index has immediate support near 24450 – 24350 range and if this support is broken then index may tank near 24200 – 24100 range.
NSE:NIFTY
by RKMAURYA