Black Friday saleUp to 70% OFF

Dailychart

"30-3" formula simple basic intra day trading with back testing Intraday trading is a popular approach among traders who aim to capitalize on short-term price movements in the markets. To succeed at intraday trading,one must be able to quickly analyze and interpret price action charts. Price action charts show the movement of an asset's price over a certain period of time. Traders use these charts to identify patterns and trends that may indicate a buy or sell signal. One popular price action strategy for intraday traders is to look for support and resistance levels. Support levels are price levels where buying pressure is strong enough to prevent the price from falling further. Resistance levels are price levels where selling pressure is strong enough to prevent the price from rising further. Traders can then use these levels as a basis for making buy or sell decisions. For example, if the price of an asset is approaching a known resistance level, an intraday trader may look to sell the asset in anticipation of a potential price reversal. Conversely, if the price is approaching a known support level, the trader may look to buy the asset with the expectation that the buying pressure will push the price higher. When using price action charts for intraday trading, it's important to remain disciplined and not let emotions get in the way of making sound trading decisions. It may also be helpful to have a solid risk management plan in place, as intraday trading can carry higher levels of risk than longer-term trading strategies.
NSE:BANKNIFTY
by varshilbutani66
TCS long termTarget - 3470/3490/3655/3800 Support level -3366/3264/3200 Its forms Flag pattern with target point (315). And also forms bullish flag. It always form parallel channels and make lows and highs . You can look at 45 min and 1 day time frame you may observe parallel channels mostly. Consolidation channel- mostly 25 to 32 days it form highs and lows. And now its time to go high.If is sustains and break the channel then above target can achieve. Comment for more analysis. like and support.
NSE:TCSLong
by swappykhot
Jindal world 1D TFNSE:JINDWORLD Jindal world 1D TF - Reversal Target - 11% Stop loss - 2.5% The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade. Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:JINDWORLDLong
by Sai_Chandra