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Mastering the Symmetrical Triangle chart patternHello Friends, Here we had shared Educational purpose post to understand & to master the Symmetrical Triangle chart pattern with real example on chart of the stock MARUTI. Symmetrical Triangle Chart Pattern A symmetrical triangle is a common chart pattern used by traders and investors to predict where the price of a stock or asset might go next. What It Looks Like Imagine two lines on a chart. One line is sloping up, and the other is sloping down. These lines meet at a point at the top of the chart. It looks like a triangle, where the lines squeeze together. What It Means Symmetrical triangles show that traders are unsure about where the price will go. It's like a coiled spring, ready to bounce in one direction. Why It's Important When the price breaks out of the triangle, either going up or down, it can be a signal of a big move. If it goes up, it's considered bullish (good for buyers). If it goes down, it's bearish (not so good for buyers). Trading Tips Wait for a clear breakout before making a trade. Don't rush. Watch the volume (how many shares are traded). A big volume increase during the breakout is a good sign. Be cautious of false breakouts – sometimes the price goes out of the triangle but then comes back in. If you already own the stock, hold onto it until you see which way the breakout goes. If you don't own the stock, consider buying after a reliable breakout in the direction of the major trend. In simple terms, a symmetrical triangle is like a pause in the market where everyone is waiting to see which way it will go next. Traders use it to make decisions about buying or selling stocks or assets. Setting Stop-Loss and Targets Stop-Loss A stop-loss is a predetermined price level at which you decide to sell your position to limit potential losses. When trading a symmetrical triangle pattern: Place your stop-loss just below the lower trendline if you're buying (bullish breakout). Place your stop-loss just above the upper trendline if you're selling short (bearish breakout). The stop-loss helps protect your capital if the breakout goes against your trade. Price Targets Price targets help you determine where the price may move after the breakout. You can calculate potential price targets using the triangle's height: Measure the height of the triangle (the vertical distance from the lowest low to the highest high within the triangle). After a bullish breakout, add the height to the breakout point for an upside target. After a bearish breakout, subtract the height from the breakout point for a downside target. These targets can help you set realistic profit objectives. Keep in mind that they are not guarantees, but rather potential price levels where the asset might move. Remember that trading involves Risk, and it's important to use risk management tools like stop-loss orders to protect your investments. Additionally, price targets provide guidance but don't guarantee specific outcomes, so it's essential to monitor the market's actual performance after a breakout and adjust your strategy as needed. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:MARUTIEducation
by RK_Chaarts
15
WSTCSTPAPR - West Coast Paper MillsWest Coast Paper Mills Ltd is one of the oldest and the largest producers of paper for printing, writing, and packaging in India. The company has established itself as a leading manufacturer of high-quality paper suitable for printing, writing, and packaging purposes. Its paper products, known for their global quality standards, find application across a wide spectrum of industries including printing, writing, publishing, stationery, notebooks, and packaging. In the fiscal year 2020, the company made a significant move by acquiring a substantial stake in Andhra Papers(72%). Furthermore, the company operates a state-of-the-art manufacturing facility in Mysore, dedicated to the production of optical fiber cables. 🔹 Technicals: ▸ Price has been moving in 40% range for the last 1 year ▸ Price is above all key MAs, which is a positive sign ▸ Weekly breakout followed by a pause ▸ The price is near the previous ATH and 20 EMA. This creates a confluence zone. ▸ Good chance that it goes into consolidation in the current range before heading higher. ▸ A demand zone is present at 580-615. This is also coinciding with 50 EMA. ▸ 200 EMA is also coinciding with the demand zone, thereby creating a confluence zone. 🔸 Financials: March 2023 ▸ Sales: 4921 Cr ▸ Sales Growth: 45% ▸ Net Profit: 1087 Cr ▸ Net Profit Growth: 214% ▸ Debt/Reserves ratio: 9% ▸ OPM: 12% March 2022 ▸ Sales: 3378 Cr ▸ Sales Growth: 50% ▸ Net Profit: 346 Cr ▸ Net Profit Growth: 8650% ▸ Debt/Reserves ratio: 28% ▸ OPM: 19% March 2021 ▸ Sales: 2245 Cr ▸ Sales Growth: -10% ▸ Net Profit: -4 Cr ▸ Net Profit Growth: -101% ▸ Debt/Reserves ratio: 49% ▸ OPM: 33% Rising sales with promising profit growth, OPM% and reducing debt makes the stock a good candidate from a positional perspective. Disclaimer: I am NOT a SEBI Registered Analyst and the information provided here is NOT investment advice. This post is intended solely for educational purposes.
NSE:WSTCSTPAPR
by aditichawla
7
HDFCBANK - Near Important Support ZoneNSE:HDFCBANK offers a range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side. Positives: Company with high TTM EPS Growth Good quarterly growth in the recent results Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year Efficient in managing Assets to generate Profits - ROA improving since last 2 year Increasing Revenue every Quarter for the past 4 Quarters Company able to generate Net Cash - Improving Net Cash Flow for last 2 years Annual Net Profits improving for last 2 years Book Value per share Improving for last 2 years Company with Zero Promoter Pledge FII / FPI or Institutions increasing their shareholding Negatives: MFs decreased their shareholding last quarter Decline in Net Profit with falling Profit Margin (QoQ) Declining profits every quarter for the past 2 quarters Weak Momentum: Price below Short, Medium and Long Term Averages NOT A RECOMMENDATION. JUST FOR EDUCATION. Thanks.
NSE:HDFCBANK
by babutaaniket
8
#nifty"Good morning! As of September 21st, global market sentiment is negative, primarily due to the performance of the Dow Jones. The market trend is bearish, and it may open with a significant gap. We don't know where it will open, but the sentiment remains the same. If the initial market experiences a sharp pullback around the immediate support zone, then we can expect a maximum of 23% to 38% Fibonacci pullback. On the other hand, if it breaks the immediate support zone, we can anticipate a continuation of the correction with minor consolidation."
NSE:NIFTY
by Manickamtraders
6
Concept Of Support and Resistance & Roles ExchangeDefination Of Support and Resistance levels-: The support and resistance (S&R) are specific price points on a chart expected to attract the maximum amount of either buying or selling. The support price is a price at which one can expect more buyers than sellers. Likewise, the resistance price is a price at which one can expect more sellers than buyers. Particular defination-: Resistance As the name suggests, resistance is something which stops the price from rising further. The resistance level is a price point on the chart where traders expect maximum supply (in terms of selling) for the stock/index. The resistance level is always above the current market price. The likelihood of the price rising to the resistance level, consolidating, absorbing all the supply, and declining is high. The resistance is one of the critical technical analysis tools which market participants look at in a rising market. The resistance often acts as a trigger to sell. Support understanding the support level should be quite simple and intuitive. As the name suggests, support is something that prevents the price from falling further. The support level is a price point on the chart where the trader expects maximum demand (in terms of buying) coming into the stock/index. Whenever the price falls to the support line, it is likely to bounce back. The support level is always below the current market price. Reliability of S&R The support and resistance lines are only indicative of a possible reversal of prices. They by no means should be taken for ascertain. Like anything else in technical analysis, one should weigh the possibility of an event occurring (based on patterns) in terms of probability. Key takeaways from this chapter 1-S&R are price points on the chart 2-Support is a price point below the current market price that indicate buying interest. 3-Resistance is a price point above the current market price that indicate selling interest. 4-To identify S&R, place a horizontal line in such a way that it connects at least 3 price action zones, well-spaced in time. The more number of price action zones (well spaced in time) the horizontal line connects, the stronger is S&R 5-S&R can be used to identify targets for the trade. For a long trade, look for the immediate resistance level as the target. For a short trade, look for the immediate support level as the target. 6-Lastly, comply with the checklist for optimal trading results How support and resistance changes their roles-: If the price falls below a support level, that level will become resistance. If the price rises above a resistance level, it will often become support. As the price moves past a level of support or resistance, it is thought that supply and demand has shifted, causing the breached level to reverse its role. Examples by Snapshots-: Support become Resistance Resistance become Support Conclusion Technical analysis is one approach of attempting to determine the future price of a security or market. Some investors may use fundamental analysis and technical analysis together; they’ll use fundamental analysis to determine what to buy and technical analysis to determine when to buy. Don’t forget that technical analysis is not an exact science and it is subject to interpretation. If you continue your study of technical analysis, you’ll likely hear someone say it is more of an art than a science. As with any discipline, it takes work and dedication to become adept at it. Best Regards- Amit rajan
NSE:NIFTYEducation
by AMIT-RAJAN
13
Mastering the Double Bottom Chart PatternA double bottom, combined with RSI divergence, can be a powerful signal for a trend reversal. What's a Double Bottom ? It's when a stock's price forms two distinct lows on a chart. The pattern is confirmed when prices rise above the peak between those two lows. Why Does It Matter? The double bottom marks the end of a downtrend and the start of an uptrend. It's one of the most common patterns, but it needs careful analysis. Adding RSI Divergence: RSI measures a stock's strength and momentum. Look for RSI to form higher lows while the price forms lower lows. This is RSI divergence and a strong bullish signal. Key Points to Remember Downtrend First: The pattern begins in a downtrend. Time Gap: The longer the time between the two lows, the stronger the reversal signal. Price Increase: Look for a significant price increase between the two lows (around 10-20%). Volume Matters: Usually, volume is higher during the first low and increases as the pattern confirms. Breakout Confirmation: Don't act until prices break above the confirmation point. Pullback After Breakout: Expect a pullback after the breakout; it's normal. Trading the Double Bottom with RSI Divergence: Calculate a target price by adding the pattern's height to the breakout point. Confirm the pattern only after prices break through the confirmation point. Be patient; not all patterns are double bottoms. Watch for volume during the pattern's development. Pay attention to RSI divergence for added confirmation. Remember: Wait for confirmation, and don't rush into trades based solely on patterns. It's wise to use multiple indicators, including RSI, and keep an eye on market conditions. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:DALBHARATEducation
by RK_Chaarts
16
BankNifty-Selling The Tops with Wedge: The Precise Peak 44650Hello All, Our tiny heroes reached a majestic peak at 44669 as per last idea published yesterday, just as we imagined in our dreams! This peak was not just a high point, it was a place where they could see the entire playground sprawling below. But as we all know, after reaching the top, there's a thrilling slide waiting! Our numbers decided to swoosh down, and guess where they are heading? Yes, you got it right, towards the fun zone of 44300, our lower band of support we chatted about yesterday! (Precise top at 44669 - What a sight to behold!) The Rising Wedge close to 44650’s the Rising Wedge! WaveTalks spotted - this intriguing pattern early on through last idea. It’s like a see-saw that's tilting ever so slightly, warning our number friends to be ready for a possible change in the direction of their play. And guess what? Our assumption came true! The numbers took a fabulous turn, bringing a rush of exhilaration to our adventure! (A fabulous start with a cautious note from the rising wedge) Intraday Targets 44400 44300 44150 Best Wishes from WaveTalks Remember, at WaveTalks, we're always listening to the whispers of the waves, sharing the secrets of the numbers' adventurous journeys. We ask, "Can you hear it?" The Last Idea based on 109 Session Moving Average Disclaimer: Trading in financial markets comes with its risks, and one might encounter dips and turns that could result in loss. Always consult with your financial advisor before making decisions in this adventurous playground. WaveTalks encourages a responsible and informed approach to the financial adventure.
NSE:BANKNIFTYShort
by WaveTalks
31
Moving Averages are really powerful. . . !Can you believe they are... Moving average(MA) is one of the oldest indicator. Lot of people (including me) would reject the idea that such a simple indicator can be of any use in modern day considering availability of advance computer tools. I came across free training videos of Oliver Velez who explained on how to use it. When I back tested his logic I was really surprised.. Since then I have kept 20SMA and 200SMA as default on my chart. Best part of this concept is, it works on any time frame.! MA can answer following key questions which helps anyone become good trader/investor.. Q1. Is the stock trending? and What is the direction of trend.? A1. If 20MA is flat stock is not trending. Direction of 20MA is direction of trend. Q2. How old is the trend. (if trend has just started I can board it and if it is too old I will not) A2. If 20MA is not too far from 200MA trend has just started. If 20MA is too far from 200MA be alert trend might be matured. Q3. Am I buying in value zone so that my SL is small.? A3. Buy when stock retraces near 20MA. Q4. Am I exiting at a value where I have got good amount of move. So that my profits are much higher than losses. A4. Exit when stock is far away from 20MA. I have marked all above on these chart for easy understanding. As we can see FAR and NEAR are relative terms. Hence it takes good amount of practice to grasp and trade this concept. Considering volatility lot of whipsaws can happen in intraday and daily time frame. So I started using it on weekly time frame and started getting good results with holding time of 3~10 weeks. However once you are confident in your stock selection criteria this is good way to ride a trend. We can compare trading using MA to flying kite. It is simple but not easy. One need to practice to master the skill. One need to get feel direction and gust of wind, Understand behavior of kite and finally time the action to fly kite. Hope this post will help you appreciate this oldest indicator...
NSE:GESHIPEducation
by yndesai
24
Large Rectangle Breakout Seen in GAIL India Ltd.Hello Traders, i have brought another analysis on a pattern breakout which called (Rectangle Pattern). Well i have marked and written most of the things on chart, but still i am gonna to teach you here guy's about this pattern so if you see this next time, at least you guy's will be able to trade. So Let's start:- Q:- What is Rectangle Pattern and How to Use Rectangle Chart Patterns to Trade Breakouts? Rahul:- A rectangle is a chart pattern formed when the price is bounded by parallel support and resistance levels. A rectangle exhibits a period of consolidation or indecision between buyers and sellers as they take turns throwing punches but neither has dominated. The price will “test” the support and resistance levels several times before eventually breaking out. From there, the price could trend in the direction of the breakout, whether it is to the upside or downside. we can clearly see Above in GAIL chart that the pair was bounded by two key price levels which are parallel to one another. So, Traders, i hope you Guy's have learned today how to Trade Rectangle Pattern, but Mates We just have to wait until one of these levels breaks and go along for the ride! Remember, when you spot a rectangle: THINK OUTSIDE THE BOX! That's it. So now let's focus about company background. Incorporated in 1984, GAIL, a Government of India undertaking, is an integrated natural gas company in India. It owns over 11,500 km of natural gas pipelines, over 2300 km of LPG pipelines, six LPG gas-processing units and a petrochemicals facility. It also has a joint-venture interest in Petronet LNG Ltd, Ratnagiri Gas and Power Pvt Ltd, and in the CGD business in several cities. GAIL has wholly owned subsidiaries in Singapore and the US for expanding its presence outside India in the segments of LNG, petrochemical trading and shale gas assets. Market Cap ₹ 76,074 Cr. Current Price ₹ 116 High / Low ₹ 123 / 83.0 Stock P/E 18.4 Book Value ₹ 98.8 Dividend Yield 3.46 % ROCE 9.79 % ROE 8.69 % Face Value ₹ 10.0 Debt ₹ 17,816 Cr. EPS ₹ 6.32 PEG Ratio 5.93 Promoter holding 51.9 % Intrinsic Value ₹ 309 Pledged percentage 0.00 % EVEBITDA 10.8 PROS Stock is trading at 1.17 times its book value Stock is providing a good dividend yield of 3.46%. Company is expected to give good quarter Company has been maintaining a healthy dividend payout of 43.6% CONS Company has a low return on equity of 13.8% over last 3 years. Earnings include an other income of Rs.2,947 Cr. Important levels for GAIL India Ltd. Buy in between 112-117. Targets we can see 130/140+ Keep Stop loss at 108.5 Price is above 200 EMA We have seen Proper Breakout of Large Rectangle Pattern in weekly timeframe. with Good Volume Price is sustaining above breakout trendline and it has given pull back to retest the levels MACD and RSI has given bullish crossover (I have not placed RSI here as i want chart neat and clean but i have analysed already) Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:GAILLong
by TraderRahulPal
41
7 Expert Risk Management Techniques for TradingRisk management refers to the techniques used to identify, evaluate, and mitigate the potential risks associated with trading and investing. Whether you are a day trader, swing trader, or scalper, effective risk management can help you minimize losses and protect your hard-earned money all while maximizing potential profits. Let's take a look at the top 7 risk management techniques for trading! 👌 Have a Trading Plan ⦿ Many traders jump into the market without a thorough understanding of how it works and what it takes to be successful. You should have a detailed trading plan in place before making any trades. A well-designed trading plan is an essential tool for effective risk management. ⦿ A trading plan acts as a roadmap, laying out a set of guidelines/rules that can help traders avoid impulsive decisions. It is crucial because it requires you to think deeply about your approach before you begin risking real money. Having a plan can help you stay calm under stress as your plan will have specific steps to take for anything the market throws at you. ⦿ It is essential to clearly define your trading goals and objectives. Are you aiming for short-term gains or long-term wealth generation? Are you focused on a specific asset class or trading strategy? Setting specific and measurable goals helps you stay focused and evaluate your progress. ⦿ Another important part is to describe the trading strategy you will employ to enter and exit trades. This includes the types of analysis you will employ (technical, fundamental, or a combination), indicators or patterns you will rely on, and any specific rules for trade execution. Determine your risk tolerance, set appropriate position sizing rules, and establish stop-loss levels to limit potential losses. The Risk/reward ratio ⦿ When you are planning to open a trade, you should analyze beforehand how much money you are risking in that particular trade and what the expected positive outcome is. Here is a useful chart with some examples to understand this concept: ⦿ As you can see from the data above, a trader with a higher RR (risk-reward ratio) and a low win rate can still be profitable. ⦿ Let’s examine this a little more by looking at a profitable example with a 20% success rate, a RR ratio of 1:5, and a capital of $500. In this example, you would have 1 winning trade with a profit of $500. The losses on the other 4 trades would be a total of $400. So the profit would be $100. ⦿ An unprofitable RR ratio would be to risk, for example, $500 with a success rate of 20% and a risk/reward ratio of 1:1. That is, only 1 out of 5 trades would be successful. So you would make $100 in 1 winning trade but in the other 4, you would have lost a total of -$400. ⦿ As a trader, you need to find the perfect balance between how much money you’re willing to risk, the profits you’ll attempt to make, and the losses you’ll accept. This is not an easy task, but it is the foundation of risk management and the Long & Short Position Tools are essential. You can use our 'Long Position' and 'Short Position' drawing tools in the Forecasting and measurement tools to determine this ratio. Stop Loss/Take Profit orders ⦿ Stop Loss and Take Profit work differently depending on whether you are a day trader, swing trader, or long-term trader and the type of asset. ⦿ The most important thing is not to deviate from your strategy as long as you have a good trading strategy. For example, one of the biggest mistakes here is to change your stop loss thinking that the losses will recover... and often they never do. ⦿ The same thing happens with take profits, you may see that the asset is "going to the moon" and you decide to modify your take profit, but the thing about markets is that there are moments of overvaluation and then the price moves sharply against the last trend. ⦿ There is an alternative strategy to this, which is to use exit partials, that is closing half of your position in order to reduce the risk of your losses, or to take some profits during an outstanding run. Also remember that each asset has a different volatility, so while a stop loss of -3% is normal for a swing trading move in one asset, in other more volatile assets the stop loss would be -10%. You do not want to get caught in the middle of a regular price movement. ⦿ Finally, you can use a trailing stop, which essentially secures some profits while still having the potential to capture better performance. Trade with TP, SL, and Trailing Stop Selection of Assets and Time intervals ⦿ Choosing the right assets involves careful consideration of various factors such as accessibility, liquidity, volatility, correlation, and your preference in terms of time zones and expertise. Each asset possesses distinct characteristics and behaviors, and understanding these nuances is vital. It is essential to conduct thorough research and analysis to identify assets that align with your trading strategy and risk appetite. ⦿ Equally important is selecting the appropriate time intervals for your trading. Time intervals refer to the duration of your trades, which can span from short-term intraday trades to long-term investments. Each time interval has its own advantages and disadvantages, depending on your trading style and objectives. ⦿ Shorter time intervals, such as minutes or hours, are often associated with more frequent trades and higher volatility. Traders who prefer these intervals are typically looking to capitalize on short-term price fluctuations and execute quick trades. Conversely, longer time intervals, such as days, weeks, or months, prove more suitable for investors and swing traders aiming to capture broader market trends and significant price movements. ⦿ Take into account factors such as your time availability for trading, risk tolerance, and preferred analysis methods. Technical traders often utilize shorter time intervals, focusing on charts, indicators, and patterns, while fundamental investors may opt for longer intervals to account for macroeconomic trends and company fundamentals. For example, If you are a swing trader with a low knack for volatility, then you can trade in assets such as stocks or Gold and ditch highly volatile assets such as crypto. ⦿ Remember that there is no one-size-fits-all approach, and your choices should align with your trading style, goals, and risk management strategy. Here is a chart of Tesla from the perspective of a day trader, a swing trader, and an investor: Backtesting ⦿ Backtesting plays a crucial role in risk management by enabling traders to assess the effectiveness of their trading strategies using historical market data. It involves the application of predefined rules and indicators to past price data, allowing traders to simulate how their trading strategies would have performed in the past. ⦿ During the backtesting process, traders analyze various performance metrics of their strategies, such as profitability, risk-adjusted returns, drawdowns, and win rates. This analysis helps identify the strengths and weaknesses of the strategies, allowing traders to refine them and make necessary adjustments based on the insights gained from the backtesting results. ⦿ The primary objective of backtesting is to evaluate the profitability and feasibility of a trading strategy before implementing it in live market conditions. By utilizing historical data, traders can gain valuable insights into the potential risks and rewards associated with their strategies, enabling them to manage their risk accordingly. ⦿ However, it's important to note the limitations of backtesting. While historical data provides valuable information, it cannot guarantee future performance, as market conditions are subject to change. Market dynamics, liquidity, and unforeseen events can significantly impact the actual performance of a strategy. ⦿ There are plenty of ways to backtest a strategy. You can run a manual test using Bar Replay to trade historical market events or Paper Trading to trade real examples. Those with coding skills can create a strategy using Pine Script and run automated tests on TradingView. Here is an example of the Moving Averages Crossover strategy using Pine Script: Margin allocation We are not fortune tellers, so we cannot predict how assets will be affected by sudden major events. If the worst happens to us and we have all of our capital in a particular trade, the game is over. There are classic rules such as the maximum allocation percentage of 1% per trade (e.g. in a $20,000 portfolio this means that it cannot be risked +$200 per trade). This can vary depending on your trading strategy, but it will definitely help you manage the risk in your portfolio. Diversification and hedging ⦿ It is very important not to put all your eggs in one basket. Something you learn over the years in the financial markets is that the unexpected can always happen. Yes, you can make +1000% in one particular trade, but then you can lose everything in the next trade. ⦿ One way to avoid the cold sweats of panic is to diversify and hedge. Some stock traders buy commodities that are negatively correlated with stocks, others have a portfolio of +30 stocks from different sectors with bonds and hedge their stocks during downtrends, and others buy an ETF of the S&P 500 and the top 10 market cap cryptos. ⦿ There are unlimited possible combinations when diversifying your portfolio. At the end of the day, the most important thing to understand is that you need to protect your capital, and using the assets available to you a trader can hedge and/or diversify to avoid letting one trade ruin an entire portfolio. Thank you for reading this idea on risk management! We hope it helps new traders plan and prepare for the long run. If you're an expert trader, we hope this was a reminder about the basics. Join the conversation and leave your comments below with your favorite risk management technique! 🙌 - TradingView Team Be sure to follow us on Instagram , YouTube , and Telegram for more valuable content! 💘
Education
by TradingView
10
#finnifty"Good morning! As of July 31st, there is no significant difference between the last session, but the global market has a neutral sentiment (based on only Dow Jones), and the market nature is bearish. Therefore, it doesn't matter if it opens gap-up or down. If the initial market takes sharp declines, we can expect correction continuation with minor pullbacks. On the other hand, we can expect a rally only if it opens with a gap-up and sustains above the level of fib 38%. If it sustains, our next targets are 61% and 78%. Here, I mentioned a reversal structure (alternate view). If it rejects sharply around the 61% or 78%, we can expect a correction, but use the confirmation signal of (EMA20 and fib level 38%). If it breaks both signals, we can expect a correction. Otherwise, the rally might continue."
NSE:CNXFINANCE
by Manickamtraders
7
BankNifty:Tale of Triumph and Trials,Bulls or Bears-Which Side?Netflix - Scoop The riveting Netflix web series "Scoop" brought to life a powerful saying from the book **"Behind Bars in Byculla: My Days in Prison" by Jigna Vora**. The line, **"If someone says it’s raining, and another person says it’s dry, it’s not your job to quote them both. Your job is to look out of the window and find out which is true" is a fitting metaphor for our exploration of the BankNifty index.** Here, we don't just parrot what others say, we strive to unravel the truth behind the numbers and the patterns. **The story began at WaveTalks**. On the 25th of July, 2023 we published an enticing TradingView idea focusing on the BankNifty Index and outlined an **Expanded Ending Diagonal** . For the adventurous risk takers, we pointed towards potential targets: - First stop at 46155 - A second milestone at 46263 - The final leap to 46369 The narrative took a thrilling twist on the 27th of July, 2023 . The Index raced towards our 3rd target, pausing just short at 46310. Then, it took a breathtaking nosedive, shocking the bulls with a Niagara-like fall from the highs of **46310 to the lows of 45238**. **Now, traders are left wondering, "What's next?" The markets never sleep, so our story continues...** **On the larger timeframe-4 Hour Chart** We're seeing the formation of a tantalizing pattern - a potential rising wedge once again. **But here's the caveat**: **the Index needs to hold its footing at the crucial psychological level of 45525 to bounce back upwards.** **If we stand firm above 45525**, we're looking at an exciting upward trajectory: - First target at 45790 - Second target at 46300 - Third target at 46500 - **And if we cross beyond 46500**, we're aiming for a final target between **46900-47000+**, coinciding with the completion of the wedge pattern. **Here comes the thrilling climax**. **What happens after reaching a new all-time high?** Brace yourselves as we could see a rerun of the Niagara plunge from the 27th of July, 2023. From the new all-time highs of around 47000, the Index could potentially tumble to 43345, as marked by the menacing black arrow downside. **WaveTalks** wishes everyone a joyful weekend! As we delve into the narrative of BankNifty, we ask you - are you siding with the bulls or the bears? Stay tuned for more, and remember, it's not about echoing what others say, it's about understanding what's unfolding in the market.
NSE:BANKNIFTY
by WaveTalks
18
KAJARIACER: The Stock You Don't Want to Miss! 📊 Key Details KAJARIACER, a ceramic industry company and part of Nifty 500 index, has been a powerhouse stock in a strong bullish trend until October 2021. The stock's historical monthly chart reveals an astounding 14,405% return from Rs. 8 to Rs. 1365, spanning from 2007 to 2021. After reaching its peak, the stock entered a consolidation phase that persisted from October 2021 until BEFORE yesterday. However, yesterday marks a significant breakthrough for KAJARIACER as it breaks out of the consolidation pattern with substantial volume. The stock opened with a gap up today, and the weekly bullish candle indicates minimal selling pressure and robust buying activity, making it an excellent candidate for a potential buy entry. Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst. Like, Comment & Follow I encourage you to like this analysis if you found it helpful and invite you to share your observations in the comments below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: in.tradingview.com 🚀🔥 Trade with Confidence 🔥🚀 Remember, success in trading requires discipline and continuous learning. Always keep learning and growing in the market. 💥💰 Trade Wisely, Profit Greatly! 💰💥 Remember, always conduct thorough research and consider risk management before making any trading decisions. Happy trading! 📈🚀🌟
NSE:KAJARIACERLong
by AfnanTAjuddin
22
ISMT technically has the Ability to give you Plenty!This analysis is purely Technical. Positive: - Annual Revenue rose 19.1%, in the last year to Rs 2,598.2 Crores. Its sector's average revenue growth for the last fiscal year was 9.5%. - Quarterly Revenue rose 12% YoY to Rs 658.7 Crores. Its sector's average revenue growth YoY for the quarter was -0.6%. - Mutual Fund Holding remained the same in the last quarter at 0%. Negative: - Annual Net Profit fell 96.3% in the last year to Rs 87.7 Crores. Its sector's average net profit growth for the last fiscal year was -53.4%. - Quarterly Net profit fell 99.7% YoY to Rs 8.4 Crores. Its sector's average net profit growth YoY for the quarter was -51.2%. Kirloskar Ferrous Industries Limited (KFIL) acquired majority stake in the Share Capital of the Company(i.e. 51.25%), making ISMT a subsidiary of KFIL w.e.f March 10, 2022. The Company is the largest integrated manufacturer of precision seamless tubes, tubular components, and steels in the Asia Pacific Region. The Company is mainly engaged in manufacturing of seamless tubes and engineering steels. Apart from tubes, ISMT Limited also manufactures a wide range of value added products for each of these industries. These include items such as bearing rings, gear blanks, shifter sleeves, cages for constant velocity joints, swaged & machined axles, threaded and coupled casings, couplings and a host of similar products. The group companies include ISMT North America, Taneja Aerospace and Aviation Limited (TAAL), Structo Hydraulics AB, Sweden and ISMT Europe, Sweden. ISMT has one of the most modern alloy steel plants in India. The factory, located at Jejuri (within a 100 km radius of ISMT's Tube plants) has a capacity of 190,000 MT per annum. The Company is currently using the de-bottlenecking and modernization process to raise its capacity in the immediate future. It plans to increase the 1,55,000 tpa tube capacity to 2,00,000 tpa. Moreover, the steel capacity of the company which is already manufacturing at the rate of 2,40,000 tpa will be raised to 3,50,000 tpa.
ILong
by CannySunny
11