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Today Banknifty trade taken knowledge sharing for all.Today due to high volatility we are engaged with our clients & finally able to take very good trade . After multi level confirmations we have entered in the trade & the trade is executed very smoothly. The idea is sharing with all of you so you can also spot these kind of levels and can find good opportunities. This is pure technical educational knowledge. Banknifty trade is taken on one hour chart... Please note these points for future reference. After taking below multi level confirmations we have executed the trade: When all below points are in our favour so this is called the high probability trade. 1) RSI given bearish signal on chart. 2) Negative Rejected candle seen below the resistance level of 22555. 3) Well supported by the 2nd negative Rejected candle with lower low. 4) On 3rd Candle trend line has been broken. 5) On 4th candle Shooting star candle has been seen . 6) On 5th candle we have taken the trade. Here we are very confident to take trade after a shooting star candle has been seen. Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
NSE:BANKNIFTYEducation
by Tech_stock_trader
Apollo hospital short entry taken This is to share the trade taken on Apollo hospital today. During the first instance we are waiting for the break out from the trend line and as well as the higher resist. level to go long. This trade is to be taken as day trade on the charts of 15 minutes but no candle has closed above the break out level & Rejected immediately & went till 1358. We were waiting for the pull back entry as shown in the charts. Luckily we have short @ 1376 & out from the trade just above the support level of 1351. in this trade our SL level as shown is 1383 & our risk to reward is very good. our all members in profit today. This is pure technical educational ideas shared with all of you to increase your knowledge ....In case any doubt feel free ask.
NSE:APOLLOHOSPEducation
by Tech_stock_trader
Basic Part-1 : Tutorial of "Trendline and Parallel Channel".The trend line is a straight line that connects the minimum two price points to show the general direction in which price points seem to be going. Traditionally, the trend is used to find the next future price resulting in, it gives the trader a good idea of the direction, in which an investment's value might move. We basically use the trend line for entry and exit price. There are two types of trend lines: one is the Resistance line and another is a Support line .
NSE:NIFTYEducation
by Trade-Technique
169
10 LESSONS IN TRADING PSYCHOLOGYBecoming a better day trader requires that you not only focus on textbook knowledge but also yourself. This is why it is so important to put some focus on trading psychology. 1. Know Your Strengths – Knowing your strengths is a crucial part of trading. It’s important to focus on what you are good at so that you may focus your attention in that area. 2. Develop Confidence – Developing confidence not only removes some of the stress from trading, but it also allows you to become more competent. 3. Know when you need to take a break – Day trading can be stressful at times. It’s okay to take a break now and then. This gives you time to refresh and come back to the market with a better mental state. 4. Become self-aware – The ultimate goal of all of these lessons in trading psychology is to help you become more self-aware. If you are not self-aware, you cannot make the changes necessary to improve. 5. Learn to change – Oftentimes, changing requires that you leave your comfort zone. That being said, if you want different results, you have to make changes. 6. Control your environment – Both physical and mental cues within your environment can have a profound effect on your trading. Focus on finding the ideal environment for trading. 7. Think in Probabilities - This is by far the most important part of trading psychology that is not taught anywhere. Successful traders think in probabilities before taking every trade, they do not commit to the market fully, they accept the loses if the trade did not go their way and take the next trade without any hesitation. 8. Deal with stress – Trading under stressful conditions is a recipe for disaster. You should find a way to deal with stress so you can avoid trading under less than ideal conditions. 9. Pinpoint your emotions – A big part of the trading process is understanding the emotions that trigger your actions. For example, let’s say you stop out of a move early even though your initial prediction ended up being correct in the long run. What caused this? Did you make this decision out of fear? Did you buy too many shares? Did you lack the self-confidence to follow through with your plan? Figure out the emotion that triggered your behaviour and look for a way to combat this emotion in the future. 10. Develop a routine – Develop a routine and stick to it. The repetitiveness of this routine will create a sense of stability and increase your trading performance.
NSE:NIFTYEducation
by PranamGhagare
7