Bank Nifty Spot Intraday Analysis for 29th August, 2024📈 Bank Nifty Spot Technical Chart Analysis
📊 Range Trigger Point: 51144
📉 Day Range: 227
📅 Level Type: Daily
📅 Valid For: 29 Aug, 2024
📈 Buy Above: 51174
💼 Average Position: 51147
🎯 Buy Target 1: 51284
🎯 Buy Target 2: 51371
🛑 Stoploss: 51098
📉 Sale Below: 51120
🎯 Sale Target 1: 51004
🎯 Sale Target 2: 50917
🛑 Stoploss: 51196
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Nifty Spot Intraday Technical Chart Analysis 29 Aug, 2024📈 Nifty Spot Technical Chart Analysis
📊 Range Trigger Point: 25052
📉 Day Range: 165
📅 Level Type: Daily
📅 Valid For: 29 Aug, 2024
📈 Buy Above: 25067
💼 Average Position: 25047
🎯 Buy Target 1: 25154
🎯 Buy Target 2: 25217
🛑 Stoploss: 25012
📉 Sale Below: 25028
🎯 Sale Target 1: 24950
🎯 Sale Target 2: 24887
🛑 Stoploss: 25083
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Indicators for ScalpingIndicators for Scalping
There are various methods used for making a profit in intraday trading. One such method, often known only to experienced traders, is scalping.
This involves making numerous trades throughout the day to capture small price movements. Scalping requires precision and quick decision-making, distinguishing it from other trading approaches.
This article explores the essential indicators that can assist scalpers in maximizing their results while using this fast-paced style of trading.
What is Scalping?
Scalping can be defined as a trading method in which traders try to capitalize on small price changes normally after executing a trade and becoming profitable.
For instance, multiple traders within a 5-minute or 10-minute timeframe.
Most of these traders have a well-defined exit strategy regarding their trades because they know that a loss could easily wipe out all those smaller gains obtained through hard work.
To be able to successfully do scalping, many traders use scalping indicators, which we will cover next.
Top Scalping Indicators
Traders aiming to excel in scalping should familiarize themselves with the top five scalping strategy indicators. These are:
1. The SMA Indicator
A Simple Moving Average (SMA) Indicator is one of the key tools commonly used by traders to build their trading strategies.
It calculates the average price of an asset over a set period, assisting traders in determining if the prices of their securities, commodities, or currencies are going up or down.
Essentially, SMA assists in identifying price trends by finding a mean of past closing prices and dividing this summation by the number of periods.
SMA is also known as the arithmetic moving average. It provides a clear view of the asset's price direction, making it a key indicator for trend analysis.
2. The EMA Indicator
The Exponential Moving Average (EMA) is another valuable tool for traders, offering a way to prioritize recent prices more heavily compared to the Simple Moving Average (SMA), which treats all prices equally.
The EMA is particularly favored in scalping strategies because it reacts more swiftly to recent price movements.
Traders commonly use the EMA to generate buy and sell signals based on crossovers and divergences between historical averages.
3. The MACD Indicator
Another widely used scalping indicator among traders is the Moving Average Convergence Divergence (MACD) indicator. It's versatile and suitable for various trading styles.
The MACD helps traders gauge momentum and track trends effectively. It illustrates the relationship between two moving averages of a security’s price.
To calculate the MACD, traders subtract the 26-day Exponential Moving Average (EMA) from the 12-day EMA. The 9-day EMA, known as the signal line, is used as the default setting to identify buying and selling signals.
4. The Parabolic SAR indicator
The Parabolic Stop and Reverse (SAR) indicator is another valuable tool for traders, providing insights into price action trends.
During an uptrend, the SAR indicator plots points below the price, while in a downtrend, it places points above the price. This helps traders identify potential price reversals.
The SAR indicator aids in assessing short-term momentum and deciding on stop-loss placements. It is most effective when markets exhibit consistent trends.
5. The Stochastic Oscillator indicator
The Stochastic Oscillator is popular among traders. It operates on the principle that momentum leads to price changes.
Traders rely on this scalping indicator to get early signals of price movements before they happen. The Stochastic Oscillator is based on the idea that an asset's closing price tends to be near the higher end of its price range for the day.
Despite its complexity, many traders find the Stochastic Oscillator to be a dependable tool for making buy and sell decisions.
6. Volume Weighted Average Price (VWAP)
The Volume Weighted Average Price (VWAP) calculates the average price at which a security has traded throughout the day, taking into account both its trading volume and price. It is calculated by taking the total dollar amount traded for the security and dividing it by the total volume traded.
VWAP is particularly useful for scalpers as it helps them understand the true average price of a security, allowing them to make more informed trading decisions. By comparing the current price to the VWAP, traders can determine if the price is above or below the average, indicating potential buying or selling opportunities.
This indicator is often used in conjunction with other technical analysis tools to enhance trading strategies.
7. Relative Strength Index (RSI)
The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements to identify overbought or oversold conditions in a market. It ranges from 0 to 100 and is typically used to determine if a security is being overbought (above 70) or oversold (below 30).
When the RSI crosses these thresholds, it can signal potential reversal points, helping traders make informed decisions about entering or exiting trades.
Analyzing the RSI helps scalpers gauge the strength of a trend and anticipate possible price corrections, enhancing their ability to capitalize on short-term price movements.
Conclusion
Scalping is a useful but demanding trading method that involves making quick decisions to profit from small price changes. Using the right tools can help traders find the best times to buy and sell.
Although it takes practice and a good understanding of market trends, learning about scalping indicators can help traders earn a profit.
DEEDEV DAY CHART BASE FORMATIONNSE:DEEDEV
Company profile
🔹Dee Development Engineers Ltd. provides prefabricated piping solutions. It operates through piping, power and heavy fabrication segments. The Piping segment engages in the manufacturing of pre-fabricated engineering products, pipe fittings, and piping systems. The Power segment offers biomass-based power generation. The Heavy fabrication segment involves in the manufacturing of wind mill towers.
🔹Listed in July last year then it marked a high in a few days and after that, it went into a strong consolidation showing a Cool off IPO price rise and now it has formed a good base with a view to breakout.
🔹The IPO buyers must have been bore with the move and they are slowly exiting but some smart money is accumulating for another continuation of the up move.
🔹The volume is slowly decreasing on each fall showing sellers exhausting.
The Fundamentals:-
➖The company is making year-on-year growth in revenue and Profits.
➖Recently it has received big orders.
Entry and Other levels are marked on the chart.
Always use stop-loss to avoid unnecessary drawdowns.
Keep Learning,
Happy Trading.
Crude Oil MCX Future Technical Chart Intraday Analysis - 28 Aug.📈 Crude Oil MCX Future Technical Chart Analysis
📊 Range Trigger Point: 6353
📉 Day Range: 173
📅 Level Type: Daily
📅 Valid For: 28 Aug, 2024
📈 Buy Above: 6447
💼 Average Position: 6427
🎯 Buy Target 1: 6460
🎯 Buy Target 2: 6526
🛑 Stoploss: 6389
📉 Sale Below: 6406
🎯 Sale Target 1: 6246
🎯 Sale Target 2: 6180
🛑 Stoploss: 6464
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How To Draw Support and ResistanceHorizontal Support and Resistance Levels:
These are drawn using horizontal lines based on price points.
Support Levels: Identify areas where the market had difficulty breaking below. These levels often have a cluster of buy orders.
Resistance Levels: Represent price points where the market struggled to break above. Sellers tend to enter around these levels.
Round-Number Levels (Psychological Levels):
These occur around round exchange rates (e.g., 1.00, 1.10, 1.50).
Traders pay attention to these levels due to their psychological significance.
Trendline Support and Resistance:
Draw upward or downward sloping trendlines using at least two price points.
Trendlines help identify dynamic support and resistance.
ADVANCED PCR TRADING #NSE #BSE #Option'sWhat is the PCR Ratio?
The PCR measures the relative trading volume of put options (bearish bets) to call options (bullish bets) in the market.
It’s calculated as:PCR=Open Interest of Call Options / Open Interest of Put Options
Interpretation:
PCR > 1: Indicates bearish sentiment. More put options are being traded, suggesting traders are hedging against potential declines or speculating on downward moves.
PCR < 1: Signals bullish sentiment. More call options are traded, indicating traders expect price increases or are hedging short positions.
PCR = 1: Suggests a neutral sentiment where buying and selling pressures are balanced.
Why PCR Matters:
Sentiment Gauge: The PCR reflects market sentiment. Tracking changes helps you gauge optimism or pessimism.
Contrarian Indicator: Extremely high PCR may signal excessive pessimism, potentially leading to reversals.
Bank Nifty Spot Chart Technical Analysis 28 Aug., 24📈 Bank Nifty Spot Technical Chart Analysis
📊 Range Trigger Point: 51279
📉 Day Range: 467
📅 Level Type: Daily
📅 Valid For: 28 Aug, 2024
📈 Buy Above: 51226
💼 Average Position: 51171
🎯 Buy Target 1: 51567
🎯 Buy Target 2: 51745
🛑 Stoploss: 51071
📉 Sale Below: 51116
🎯 Sale Target 1: 50990
🎯 Sale Target 2: 50812
🛑 Stoploss: 51272
#Input: Best time to execute the trade is 10:30/2:00'o clock candle crossing any relevant levels with marginal stoploss of 65 points is enough. Rest of the time the stoploss will be as suggested.
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Nifty Intraday Spot Technical Chart Analysis - 28 Aug., 24📈 Nifty Spot Technical Chart Analysis
📊 Range Trigger Point: 25018
📉 Day Range: 99
📅 Level Type: Daily
📅 Valid For: 28 Aug, 2024
📈 Buy Above: 25035
💼 Average Position: 25023
🎯 Buy Target 1: 25079
🎯 Buy Target 2: 25117
🛑 Stoploss: 25002
📉 Sale Below: 25012
🎯 Sale Target 1: 24956
🎯 Sale Target 2: 24918
🛑 Stoploss: 25045
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Crude Oil Intraday Technical Chart Analysis for 27th August, 24📈 Crude Oil MCX Future Technical Chart Analysis
📊 Range Trigger Point: 6486
📉 Day Range: 197
📅 Level Type: Daily
📅 Valid For: 27 Aug, 2024
📈 Buy Above: 6441
💼 Average Position: 6418
🎯 Buy Target 1: 6608
🎯 Buy Target 2: 6683
🛑 Stoploss: 6375
📉 Sale Below: 6394
🎯 Sale Target 1: 6364
🎯 Sale Target 2: 6289
🛑 Stoploss: 6460
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Positional Trade - Welspun LivingHi,
There seems some tech glitch - Chart shows only 2 weeks Price History
Call details in the Chart
Part of the US$ 2.7 billion Welspun Group, is one of the largest home textile manufacturers in the world. The Company offers a wide spectrum of Home & Technical textile products and Flooring solutions. The Company has established itself as a thought leader within the home textile industry over the years and continue to focus on the enablers viz. Innovation, Branding and Sustainability to consolidate its leadership position.
WIL's distribution network is spanning in more than 50 countries, making it the largest exporter of home textile products from India. WIL has been a regular supplier to leading retail chains over many years such as Walmart Stores, Costco, Kohls, Bed Bath & Beyond, Ikea, Macy's, etc, which provides revenue stability to the company.
Strong Presence in the USA and Europe
Almost 84% of the revenues come from the exports to US and European regions. USA accounts for around 67% of the company's sales, followed by the European Union (17%), India (7%), and the Rest of the World (9%). It has immense market shares and is responsible for 19% supply in the USA Towels market and 11% supply in the US Sheets market
Debt Reduction
The company is constantly making efforts to become debt free, and has reduced its net debt by 48% since FY20
Pls Like/Comment & Share it
For more info - Plz visit my profile
Regards,
Naresh G
Sebi Reg. RA
Nifty Intraday Technical Chart Analysis 27 Aug., 24📈 Nifty Spot Intraday Technical Chart Analysis for 27th of August, 2024
📊 Range Trigger Point: 25011
📉 Day Range: 169
📅 Level Type: Daily
📅 Valid For: 27 Aug, 2024
📈 Buy Above: 24979
💼 Average Position: 24959
🎯 Buy Target 1: 25115
🎯 Buy Target 2: 25180
🛑 Stoploss: 24923
📉 Sale Below: 24939
🎯 Sale Target 1: 24906
🎯 Sale Target 2: 24842
🛑 Stoploss: 24996
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Craftsman Automation - Cup & Handle PatternCraftsman automation is into automobile industry. It has moved out of cup & handle breakout and should move towards our target. Other factors:
1. Fundamentally great stock
2. Recent acquisitions shows growth
3. FII & DIIs has increased stake
4. RSI positive
5. MACD positive
Keep following Cleaneasycharts.
Right Stock at Right Time at Right price.
Cheers!!!
Macrotech Developers Ltd. ( 45% upside potential )
Sector: Construction - Residential & Commercial Complexes
WTF as we can see MTF & DTF structure bullish and price makes HH & HL pattern and now price in MONTHLY demand zone ( previous resistance) with RSI bullish divergence and bollinger band lower band support in DAILY TF.
LTF say 1H mitigation in DTF demand zone with RSI bullish divergence and bollinger band lower band support.
on DAILY TF RSI N BOLLINGER BAND also support the IDEA...
price may face resistance at 1328 & 1540 approx ( indicated by RED LINE ) as DAILY supply zone as well as HTF supply zone....
on the other hand we PA moves against our anticipation, 1086/975 level on DAILY closing basis act as stop loss...
so keep in mind and plan your trade accordingly...
Who's gonna trade with me for this trade IDEA let me know.....
Natural Gas Weekly Technical Chart Analysis 26-30 Aug., 24📈 NG MCX Future Technical Chart Analysis
📊 Range Trigger Point: 168.90
📉 Weekly Range: 22.60
📅 Level Type: Weekly
📅 Valid For: 26 Aug to 30 Aug, 2024
📈 Buy Above: 182.27
💼 Average Position: 179.60
🎯 Buy Target 1: 182.87
🎯 Buy Target 2: 191.50
🛑 Stoploss: 174.74
📉 Sale Below: 176.93
🎯 Sale Target 1: 154.93
🎯 Sale Target 2: 146.30
🛑 Stoploss: 184.46
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Crude Oil MCX Future Weekly Chart Analysis 26-30 Aug., 24📈 Crude Oil MCX Future Technical Chart Analysis
📊 Range Trigger Point: 6293
📉 Weekly Range: 367
📅 Level Type: Weekly
📅 Valid For: 26 Aug to 30 Aug, 2024
📈 Buy Above: 6247
💼 Average Position: 6204
🎯 Buy Target 1: 6520
🎯 Buy Target 2: 6660
🛑 Stoploss: 6124
📉 Sale Below: 6160
🎯 Sale Target 1: 6066
🎯 Sale Target 2: 5926
🛑 Stoploss: 6283
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Bank Nifty Weekly Technical Chart Analysis 26-30 Aug., 24📈 Bank Nifty Spot Technical Chart Analysis
📊 Range Trigger Point: 50933
📉 Weekly Range: 834
📅 Level Type: Weekly
📅 Valid For: 26 Aug to 30 Aug, 2024
📈 Buy Above: 50799
💼 Average Position: 50701
🎯 Buy Target 1: 51449
🎯 Buy Target 2: 51768
🛑 Stoploss: 50521
📉 Sale Below: 50602
🎯 Sale Target 1: 50418
🎯 Sale Target 2: 50099
🛑 Stoploss: 50880
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Nifty Weekly Technical Chart Analysis for 26-30 Aug., 24📈 Nifty Weekly Spot Chart Technical Analysis
📊 Range Trigger Point: 24823
📉 Weekly Range: 344
📅 Level Type: Weekly
📅 Valid For: 26 Aug to 30 Aug, 2024
📈 Buy Above: 24736
💼 Average Position: 24695
🎯 Buy Target 1: 25036
🎯 Buy Target 2: 25168
🛑 Stoploss: 24621
📉 Sale Below: 24655
🎯 Sale Target 1: 24610
🎯 Sale Target 2: 24479
🛑 Stoploss: 24769
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SEPC - Best to add above 21 / SL- 16SEPC : In to Water Treatment Segment. The Stock has seen buying interest from Promoter
& FII's in recent quarter. considering this is a sunrise sector, the stock is at attractive point.
Best Buy above -21 with strict stop loss of 16
Disclaimer : Educational content. Please do your own research.
BUY TODAY SELL TOMORROW for 5% DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in HSCL
BUY TODAY SELL TOMORROW for 5%
Motilal VCP pattern on Daily - LongMotilal OFS is making Volatility Contraction Pattern. The key elements of the VCP pattern include a prolonged consolidation phase, where the price moves within a relatively narrow range, followed by a breakout or breakdown.
We can use this pattern to identify potential entry points for trades, anticipating that a period of low volatility is likely to be followed by a surge in price movement.
Support 620
Target as per Pattern is 1030