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NIFTY INTRADAY LEVELS FOR 16/10/2024BUY BELOW - 25100 SL - 25020 TARGETS - 25160,25220,25280 SELL BELOW - 25020 SL - 25100 TARGETS - 24950,24890,24800 NO TRADE ZONE - 25020 to 25100 Previous Day High - 25220 Previous Day Low - 25020 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
Crude oil - next big movement?Crude Oil Update (4-Hour Timeframe) Chart Analysis Current Price: 5935 Phase 1: If Crude Oil sustains above 5928, potential targets are: Target 1: 6037 Target 2: 6145 Stop-Loss (SL): 5870 Pattern Formation: Rising wedge, with price movement currently within the pattern, signaling potential breakout. Risk Management: Make sure to set stop-loss orders to protect your position from unexpected volatility. Disclaimer: This technical analysis is based on the provided data and should not be considered financial advice. Trading involves risk, and past performance is not indicative of future results. IF THIS WILL HELP YOU, PLEASE LIKE THE POST ❤️
MCX:CRUDEOIL1!Long
by Shalvisharma5
5
Technical Analysis DOESN'T WORK anymore?"Does this really predict the market, or are we reading too much into it?" Technical Analysis is useless – Here's Why You Shouldn't Buy Into the Hype I've been in the trading world long enough to know one thing: technical analysis isn’t the holy grail that many claim it to be. Sure, charts, patterns, and indicators look fancy, and they give the illusion of certainty. But here’s the harsh reality: Markets don’t care about your patterns. If technical analysis worked the way it’s advertised, wouldn’t everyone be making easy money? The truth is, the market moves based on emotions, macroeconomic factors, and real-world events—not lines drawn on a chart. Successful traders don't rely on perfect predictions, they rely on managing their risk, adapting to market conditions, and learning from their losses. Don’t get me wrong, it’s great for understanding market sentiment to some extent, but if you’re betting your portfolio on head-and-shoulders patterns or the RSI alone, you’re in for a rude awakening. In the end, trading is about experience, discipline, and understanding human psychology. That’s where the real edge is. #stockmarket
NSE:NIFTYEducation
by keshevdugar
10
Nifty Intraday Analysis for 15th October 2024NSE:NIFTY Index closed near 25130 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25500 Strike – 52.60 Lakh 25200 Strike – 46.27 Lakh 25000 Strike – 37.19 Lakh Put Writing 25000 Strike – 66.99 Lakh 24900 Strike – 36.96 Lakh 24500 Strike – 32.24 Lakh Index has resistance near 25250 – 25300 range and if index crosses and sustains above this level then may reach near 25500 - 25600 range. Index has immediate support near 25000 – 24950 range and if this support is broken then index may tank near 24850 – 24800 range.
NSE:NIFTYLong
by RKMAURYA
TRADING IS A SCAM?“Trading is worse than gambling, isn’t it?” You’ve probably heard this thrown around by skeptics, or maybe even thought it yourself. Combine that with the SEBI data that says 99% of traders lose money and it seems like a closed case, right? Wrong. This statistic has been thrown around like a blanket warning: “Don’t trade. It’s not worth it!” But have you ever wondered why 99% lose? The truth is, very few of these critics know why. The problem isn't that trading is rigged or impossible—it’s that people don’t treat it the way they should. Trading is both a Sport and a Business Let me explain. First, trading is a sport—one that requires immense skill, discipline, and practice. Just like an athlete trains for years to perfect their craft, successful traders spend time mastering the game. They analyze patterns, study the markets, and hone their strategies. Unfortunately, many people jump into trading without realizing this. They expect instant results, treating the market like a slot machine rather than a skill-based competition. And when they lose, they blame the system instead of their lack of preparation. Now, trading is also a business. Every trade is a decision backed by data, analysis, and risk management—just like every business decision. No successful entrepreneur opens a business without a plan, a market understanding, and a strategy for scaling. Yet, most people approach trading with no blueprint. They don’t track their performance, learn from mistakes, or adjust their strategy when necessary. The market punishes them, just like it punishes any business that lacks a clear plan. The Missing Ingredients: Preparation and Discipline Imagine a football player who never trains or a business owner who never reviews their books—failure is inevitable. Similarly, most traders lose because they don’t have a proper process. They ignore risk management, avoid learning from their mistakes, and treat the market like a get-rich-quick scheme. The ones who succeed? They embrace the sport, the discipline, and the business side of trading. They take small losses like athletes take defeats—learning experiences that sharpen their edge. They treat each trade like a calculated business risk, knowing that long-term consistency is what leads to success. Conclusion: Change Your Mindset The next time you hear someone say, “99% of traders lose money,” remember this: the real reason people lose is because they don’t approach trading the way it should be—like a sport to be mastered and a business to be managed. Trading is not gambling. It’s a test of discipline, skill, and strategy. The 1% who succeed know this—and that’s why they win. #stockmarkets
NSE:NIFTYEducation
by keshevdugar
12
Beginner to Advanced Trading Every successful investor has one thing in common, they read as many investment books as they can. Trading in the share market requires a basic knowledge of all the aspects that can influence the prices of shares, and it can be gathered by reading books regularly. Skills #1 and #2 – Research and Analysis. ... Skill #3 – Adapting Your Market Analysis to Changing Market Conditions. ... Skill #4 – Staying in the Game. ... Skills #5 and #6 – Discipline and Patience. ... Bonus Skill #7 – Record Keeping. ... In the End.
NSE:BANKNIFTYEducation
by SkyTradingZone
4
NIFTY INTRADAY LEVELS FOR 15TH OCT 2024BUY ABOVE - 25160 SL - 25100 TARGETS - 25230,25280,25340 SELL BELOW - 25050 SL - 25100 TARGETS - 24970,24890,24800 NO TRADE ZONE - 25050 to 25160 Previous Day High - 25160 Previous Day Low - 25050 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
IDEA | Quick 10% Gain Possible | Investment also Possible ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️ 💡FNO Stocks Trading📉📈📊 ✅Check out my TradingView profile to see how we analyze charts and execute trades. ✅We can't conduct a thorough analysis in such a short span of time. We need to review it, post our findings, and then take action. 🙋‍♀️🙋‍♂️If you have any questions about this stock, feel free to reach out to me. 📍📌Thank you for exploring our idea! We hope you found it valuable. 🙏FLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:IDEALong
by ReviveTraders
2
Bharat Forge | Rising from Demand Zone ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️ 💡FNO Stocks Trading📉📈📊 ✅Check out my TradingView profile to see how we analyze charts and execute trades. ✅We can't conduct a thorough analysis in such a short span of time. We need to review it, post our findings, and then take action. 🙋‍♀️🙋‍♂️If you have any questions about this stock, feel free to reach out to me. 📍📌Thank you for exploring our idea! We hope you found it valuable. 🙏FLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:BHARATFORGLong
by ReviveTraders
Nifty Intraday Analysis for 14th October 2024NSE:NIFTY Index closed near 24965 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25000 Strike – 59.63 Lakh 25500 Strike – 45.57 Lakh 25200 Strike – 40.50 Lakh Put Writing 25000 Strike – 50.60 Lakh 24900 Strike – 28.08 Lakh 24500 Strike – 27.12 Lakh Index has resistance near 25250 – 25300 range and if index crosses and sustains above this level then may reach near 25500 - 25600 range. Index has immediate support near 24800 – 24700 range and if this support is broken then index may tank near 24550 – 24500 range.
NSE:NIFTY
by RKMAURYA
TATACONSUM: Upcoming Price Surge Projection Timeframe: 4h NSE TATACONSUM has formed a correction on the 4-hour timeframe chart. A closer look at wave A reveals it consists of three distinct waves, indicating it can't be labeled as an impulse. The security has broken below the 50, 100, and 200 EMA, with the Average True Range (ATR) at 15 . Currently, the price is developing wave (iv) of wave C within wave (B). Wave (B) has already reached 100% of wave A, and with bullish sentiment, the price could surge from this point. However, we need confirmation through a breakout of the sub-structure. After wave (B) is completed, traders can use wave (iv) as an entry point to confirm a long setup. Fibonacci clusters indicate potential levels at 1189 - 1246 - 1296. Risky traders entering right after the completion should confirm their position with a lower high. We will provide further updates soon. - KP (Trade Technique)
NSE:TATACONSUM
by Trade-Technique
1
11th Oct 2024 - BankNifty weekly index died - so did my AlgosBankNifty Stance Bearish ️⬇️ For the week of 7th to 11th October, BankNifty fell 382pts ~ -0.74%, the price action looked stable and sideways but the only reason I am bearish is because of the preceding week's price action. If BN reverses and takes out 51713 decisively, I will change my stance to neutral next week. Two major decisions happened on BankNifty this week. RBI MPC decided to keep the repo rates unchanged but they removed the "withdrawal of liquidity" ~ meaning, the money supply will not be restricted. NSE decided to remove the BankNifty weekly expiries as SEBI demanded that an exchange have only 1 weekly expiry per week. In the earlier discussions also, I had pointed out that NSE would always prefer to keep Nifty as the weekly expiry as it had everything to do with hedging. This happened despite BankNifty being the darling index for options traders. Personally, the algo that I am using will no longer work if BankNifty's weekly expiry is removed. I guess I tried out 50+ combinations to see if something could be worked out. The biggest challenge is the fees and charges for the monthly series as its premiums are higher. Definitely the lower theta is also working against it. It took me over 3.5 years to develop, iterate and perfect the Algo. You can notice how the profits have dropped when the monthly is chosen over the weekly. Both the screenshots are without the exchange charges, the moment that is included, monthly's PnL almost goes to RED. weekly PnL backtestmontly PnL backtestI am quite sure, many other traders would be impacted if their strategy is quite similar to mine. Guess there is no way out, but to decommission the program and think of something new. After all, when a door closes, 4 others should open.
NSE:BANKNIFTYShort
by viswaram
Let's Kill The Bad Trading HabitsHello friends, hope you all are well, so today first of all I would like to wish you all a very happy Dussehra festival so as we all know that this festival is celebrated as a symbol of the victory of good over bad because on this day Lord Rama had conquered Lanka by killing Ravana, so similarly there are some bad habits in trading and only by overcoming those bad habits we can become a successful trader, so let's talk about some such habits and their solutions. Bad Habits in Trading: A Detailed Guide to Avoiding Common Pitfalls-: Trading financial instruments such as stocks, forex, and cryptocurrencies can offer lucrative returns, but it’s also full of risks. While external factors like market volatility are unavoidable, bad habits developed by traders can amplify losses and limit long-term success. This publication will explore these bad habits and how to avoid them to become a more disciplined and successful trader. 1. Overtrading Overtrading happens when traders place too many trades, often driven by impatience or a desire to recover losses quickly. It can lead to poor decision-making and excessive transaction costs. 🚩Why It’s Harmful-: Increases fees and commissions. Leads to emotional exhaustion. Reduces the quality of analysis on individual trades. 🚩How to Avoid-: Create a trading plan and follow it strictly. Set limits on the number of trades per day or week. Take breaks between trades to regain mental clarity. 2. Ignoring a Trading Plan A trading plan defines strategies for entering and exiting trades, risk limits, and goals. However, many traders abandon their plans in favor of impulsive decisions, often leading to losses. 🚩Why It’s Harmful-: Leads to emotional trading based on fear or greed. Increases the chances of making random, poorly thought-out trades. 🚩How to Avoid-: Write a detailed trading plan and stick to it. Regularly review and refine your plan based on market experience. Avoid deviating from the strategy just to chase profits. 3. Failing to Manage Risk Risk management is essential in trading. Traders often make the mistake of not setting stop-losses or risking too much of their capital on a single trade. 🚩Why It’s Harmful-: One bad trade can wipe out a significant portion of your capital. Creates emotional stress when trades go against you. 🚩How to Avoid-: Use stop-loss orders to limit potential losses. Only risk a small percentage (e.g., 1-2%) of your trading capital on each trade. Diversify your portfolio to spread risk. 4. Chasing the Market Chasing the market involves entering trades based on recent price movements without proper analysis. This behavior is usually driven by fear of missing out (FOMO). 🚩Why It’s Harmful-: Leads to poorly timed trades. Often results in buying at the peak or selling at the bottom. 🚩How to Avoid-: Stick to your technical or fundamental analysis before entering a trade. Be patient and wait for the right setup instead of reacting to every price movement. 5. Emotional Trading (Fear and Greed) Emotions like fear and greed are powerful forces in trading. Greed can make traders hold onto winning positions for too long, hoping for larger profits, while fear can lead to premature exits from trades. 🚩Why It’s Harmful-: Causes traders to hold losing positions too long out of hope. Leads to poor decision-making when markets turn volatile. 🚩How to Avoid-: Practice mindfulness and maintain emotional control. Set realistic profit targets and stick to them. Use a trading journal to analyze emotional triggers and improve decision-making. 6. Averaging Down on Losing Positions Averaging down refers to adding more capital to a losing trade in the hope that the market will eventually turn in your favor. While it may work occasionally, it can also deepen losses. 🚩Why It’s Harmful-: Increases exposure to a trade that may never recover. Ties up capital that could be used for better opportunities. 🚩How to Avoid-: Set predefined exit points for both profits and losses. Avoid emotional attachment to trades—be willing to cut losses. 7. Neglecting to Keep a Trading Journal Many traders fail to maintain a record of their trades and the reasons behind them. A journal helps in identifying patterns, mistakes, and areas for improvement. 🚩Why It’s Harmful-: Traders repeat mistakes without realizing it. Misses out on learning opportunities from past trades. 🚩How to Avoid-: Keep a trading journal with details of each trade (entry, exit, rationale, outcome). Review the journal regularly to spot trends and improve your strategy. 8. Not Staying Updated with Market News Financial markets are heavily influenced by news events, including economic reports, geopolitical developments, and corporate earnings. Ignoring these updates can result in unexpected losses. 🚩Why It’s Harmful-: Traders may be blindsided by sudden market changes. Missed opportunities from news-driven price movements. 🚩How to Avoid-: Stay updated with reliable news sources and economic calendars. Develop a habit of checking market trends before opening trades. 9. Using Excessive Leverage Leverage allows traders to control larger positions with a smaller amount of capital, but it can magnify both profits and losses. Misusing leverage is a common reason many traders lose money. 🚩Why It’s Harmful-: Amplifies losses, sometimes leading to margin calls. Increases emotional pressure due to the higher stakes. 🚩How to Avoid-: Use leverage cautiously and understand its risks. Limit leverage to a comfortable level, especially as a beginner. 10. Lack of Patience and Discipline Trading requires patience and discipline, yet many traders become restless and trade impulsively. This behavior can erode profits over time. 🚩Why It’s Harmful-: Leads to entering trades without proper setups. Increases the risk of emotional decision-making. 🚩How to Avoid-: Cultivate patien-ce by focusing on long-term goals rather than short-term profits. Set daily or weekly performance goals based on discipline, not just profits. Conclusion Trading successfully requires more than just market knowledge—it demands emotional control, discipline, and a well-defined strategy. Bad habits like overtrading, ignoring risk management, and emotional decision-making can quickly erode profits. To become a consistent and profitable trader, it is crucial to recognize these habits, avoid them, and continuously refine your trading strategy. By building good habits—such as sticking to a trading plan, managing risk, and journaling your trades—you can navigate the markets more effectively and increase your chances of long-term success. Hope you like my writeup Best regards- Amit
NSE:NIFTYEducation
by AMIT-RAJAN
13