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Exponential Moving Average (EMA)

HDFC BANK ( Looking goog to invest); small stoploss is enough;For short term investment ; Leave a " Like If you agree ".👍 . Wait for small retracement & daily candle to close above - "1650". Trade carefully untill ENTRY level. . Entry: 1655 / 1640 target: 1675- 1700- 1750 sl: 1640 / 1630 major stoploss/ support: 1600 . . Enter only if market Breaks "Yellow box" mentioned. . . Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency " 💹 Refer our old ideas for accuracy rate🧑‍💻 Follow for daily updates👍 . Refer old posted idea attached below.
NSE:HDFCBANKLong
by TheNuraTrading
Nazara TechnologyWe are closely following Nazara Technologies and believe it’s poised for a breakout based on its technical patterns. Consolidation near resistance often suggests a potential for a breakout if the price action confirms it. If Nazara Technologies breaks through the 1020 level, it could indeed pave the way for further upside, potentially reaching your targets of 1350, 1500, and 1650+. It’s always good to keep an eye on broader market conditions and any company-specific news that could impact the stock’s performance. Additionally, setting stop-loss orders or having an exit strategy in place might help manage risk if the price movement doesn’t go as expected.
NSE:NAZARALong
by Arvind_Share_Academy
Swing Trading Gem:(ZEEL Set to Soar 10-15 % in a Month or Two*ZEEL is ready to offer returns ranging from 10-15% within a timeframe of one to two months*. Please note that terms and conditions apply. Reasons to Consider Taking a Trade: - A crucial Supply/Support zone has been pinpointed within the range of 140-145 - The trendline break. - Price has surged above the 50 Moving Average, which is now acting as a support level. Targets: I think Target 1: Will be achieved in a week or two and then 174 Target 2 will be achieved in a month and if ZEEL Blast then 191 Target 3 in 2 months. Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary. Market Risk: However, it's important to acknowledge the inherent risks associated with investing in the stock market, including but not limited to volatility, economic downturns, regulatory changes, and unforeseen events that can impact stock prices. It's crucial for investors to remain vigilant and diversify their portfolios to mitigate potential losses.
NSE:ZEELLong
by NaveenTTR
IRB Infrastructure could rally soonIRB Infrastructure has been consolidating on weekly timeframe for a very long time and has created a good BASE for upcoming rally, it is also near its All Time High Prices absorbing the SUPPLY, as well as we can clearly see the 50 Daily EMA + 200 Daily EMA following the price and Volume Dryups for Red Days and on Green days significant VOLUME activity and we also have NEWS catalyst like Quarter Profits rise and Record high Block Deals for the company, so we could soon see a Rally one we pick up on VOLUMES above All Time High
NSE:IRBLong
by MAXIIMUS00800
2
The Ultimate Beginners Guide to Day TradingHello everyone My name is d3ffyduck I am today gonna post some cool and new tips For the beginners in Daytrading. I am gonna divide things in Chapters so you'll learn it with ease Read it till the end Hope You learn something Chapter-1 Timeframe selection The choice of the best timeframe for chart analysis in day trading can vary depending on a trader's strategy, preferences, and the market being traded. Different timeframes offer varying levels of detail and may suit different trading styles.For Example 1-Minute Chart: This timeframe provides very detailed information, showing price movements within one-minute intervals. I prefer Using it for precise entry and exit points In day trading 5-Minute Chart: Slightly less detailed than the 1-minute chart, the 5-minute chart still offers relatively short-term insights into price movements. I use to determine my momentum for the trade i want to hold for like 1-2hrs only 15-Minute Chart: This timeframe offers a broader view of the market compared to shorter intervals. I prefer it to determine my next day momentum of the market Chapter-2 Support and resistance Using RSI I know you all knows the basics for support and resistance but today i will show you the best way. Just open your chart and use RSI Indicator and we are going to mark the overbought areas high candle and oversold area lowest candle using it for different time frames. Just a note from my side do not mark those areas again if there have already a support or resistance line in different time frame and also you can remove those level of S&R which did not hold well in different time frames 1-day time frame=I have marked the regions where the RSI turned in the overbought or oversold areas. As you can see, I have not marked the support and resistance levels since they were already established from previous market overbought and oversold. 4-hour Time frame=In this timeframe, we will only identify the levels that are above 70 and below 30 in the RSI. We'll skip the R&S that are already marked on the daily timeframe. To reiterate, please refrain from marking those levels again if we can observe that our resistance and support levels have already been established on the daily chart. 1-Hour Time Frame = I've set my preferred timeframe to a maximum of 4 to 5 months. I don't want to go below this timeframe as it will create more noise. Additionally, I'll remove the support and resistance levels that didn't react well for buyers and sellers at this point to make the chart look cleaner Chapter-3 Determining the Trend Here in this chapter we are going to use only 2 Things to keep everything simple:- SMA+EMA 200= We are going to use simple indicator or just create yourself one indicator which plots both sma and ema with same 200 timeperiod. Rules are simple if below both ma look for short if above both ma look for long You can use it for 1hr and 15 min for day trading purpose Trendlines- Trendlines are your best friend.They are the building block for your Chart pattern look for trendlines in 15 min tf for day trading purpose Chapter-4 Significance of market opening closing,high,low This is one of the important chapter for day traders and i am going to tell you how an opening closing high and low effect the whole day trade. For Example 1-Open your Chart 2-Mark the opening ,closing highs and lows for previous 3-4 days 3-Those area are going to be area of interest Tip for the beginners. Do not take any trades for the first hour From the opening of the day For example if your market opens in 9:15 am dont take trades until 10:00-10:15 cause of high volatilty Another Tip for the beginners.If you prefer to take 2 trades a day close your previous 10:00 am trade At around 11:45am -12:15 pm and start looking for another one after that. the reason because i have seen this is the time for the most probable reversal or continuation of trend for the next leg of the day Chapter-5 Significance of Gaps in the market Gaps are one of the best way to decide what will be the market trend for the rest of the day There are two type of gaps in the market 1-Gap up 2- Gap down Tip for the beginners Only trade in the strong gap up or down and as i said before do not trade in the first hour of the opening Ill show you some scenarios of gap Trading with respect to opening of the day Scenario 1st strong gap up+ Stayed above above the gap and opening for the 1 hour(9 am-10am) We can see we had a strong opening stayed above the gap up and open for atleast 1 hour so after this the trend is decided Tip for the beginners Always follow strict Risk and Reward ratio like i use 1:1.5 Scenario 2nd strong gap up+ stayed below the gap and opening for the 1 hour(9 am-10am) We can see we had a strong gap up and opening but price stayed below the opening for 1 hour so we took the short as dropped below previous closing/high Similarly we can use this for gap down scenarios Final tip from my side are:- Do meditation for 15 min before trading hours Always use stoploss Use your preferred Risk Reward ratio like 1:1.5 Do not trade in opening Hour Gaps are like your friend Trends are like a path to success Do not overtrade Dont only rely on indicators there isnt any indicator which can make you rich Use only basic indicators such as Ema,Macd,Rsi and ATR PLEASE UPVOTE AND FOLLOW FOR MORE EDUCATIONAL CHARTS AND STRATEGIES
NSE:BANKNIFTYEducation
by D3ffyDuck
1
Research report on RSI for beginnersLet's break down each point and explain them ::::::::::::::::: Happy learning **Basic Concepts:** 1. **What is RSI?** - RSI is like a traffic light for stocks in the Indian market. It tells you if a stock is moving too fast or too slow. If RSI is high, the stock might be overexcited, and if it's low, it might be tired. 2. **Calculation of RSI:** - RSI is calculated by looking at how much a stock's price went up and how much it went down in the last 14 days. This gives you a number between 0 and 100. 3. **Interpreting RSI:** - When RSI is above 70 in the Indian market, it's like a stock being at a crowded party – it might be time to leave soon. When RSI is below 30, it's like a stock being alone in a quiet room – it might be time to join the party. 4. **Divergence:** - If a stock's price is doing one thing, and RSI is doing the opposite, it's like a disagreement. In India, this can signal a possible change in the stock's direction. 5. **Using RSI for Trend Confirmation:** - RSI can help you confirm if a trend is strong in the Indian market. If RSI is above 70 in a rising market, the trend might continue. If RSI is below 30 in a falling market, the trend might keep going down. **Intermediate Concepts:** 6. **RSI Period and Sensitivity:** - You can change the "14-day" period to make RSI more or less sensitive to stock movements in India. Shorter periods are like a faster reaction, and longer periods are like a slower reaction. 7. **Centerline Crossovers:** - RSI crossing the 50 mark in the Indian market is like a stock changing its mood. Above 50, it's becoming bullish (optimistic); below 50, it's becoming bearish (pessimistic). 8. **Overbought and Oversold Confirmation:** - Overbought (above 70) in India can be like a stock being too hot to handle. Oversold (below 30) is like a stock being on a big discount. But remember, check other signals too. **Advanced Concepts:** 9. **Hidden Divergence:** - Hidden divergence in the Indian market is like spotting a hidden treasure. When a stock's price is doing something special, but RSI disagrees, it can be a hidden signal of a trend change. 10. **RSI and Support/Resistance:** - RSI levels can act as bouncy floors (support) or glass ceilings (resistance) for stocks in India. If RSI bounces off a level, it can be a good entry or exit point. 11. **Multiple Timeframes:** - Think of this like looking at a movie frame by frame. Combining RSI analysis on different timeframes in India gives you a full picture of the stock's behavior. 12. **RSI with Other Indicators:** - RSI is like one player in a cricket team. When you have a whole team of indicators working together in the Indian market, you can make more accurate decisions. 13. **RSI Strategy Development:** - This is like creating your own recipe for a perfect dish. Traders often create their unique RSI-based strategies in India with specific rules for when to buy and sell. 14. **Risk Management:** - Just like a goalkeeper in football, you need to protect your goal (money). In India, set limits on how much you're willing to lose (stop-loss) and how much profit you're happy with (take-profit). 15. **Backtesting and Optimization:** - Backtesting is like practicing before the big game. In India, you can test your RSI strategies on past data and tweak them to find the best ones for the future. :::::::::::::::::::::::::::::::::::::::: Formula ::::::::::::::::::::::::::::::::::::::::::::::::::::::: Relative Strength Index (RSI) Formula: RSI = 100 - RSI (Relative Strength Index) is calculated using the following steps: Calculate Daily Price Changes: Find the price changes (typically closing prices) from one day to the next. If today's closing price is higher than yesterday's, it's considered a "gain," and if it's lower, it's a "loss." Calculate Average Gain and Average Loss: Calculate the average gain and average loss over a specified period, usually 14 days. The average gain is the sum of gains over the period divided by 14, and the average loss is the sum of losses divided by 14. Calculate the Relative Strength (RS): Divide the average gain by the average loss to get the relative strength (RS). RS = Average Gain / Average Loss. Calculate the RSI: Use the RS to calculate the RSI using the formula RSI = 100 - . Further Explanation: RSI is used to determine whether a stock or market is overbought (too high) or oversold (too low). Here's a more detailed explanation: RSI values range from 0 to 100. When RSI is above 70, it's typically considered overbought, suggesting that the stock might be due for a price correction or a pullback in the Indian market. When RSI is below 30, it's usually considered oversold, indicating that the stock might be undervalued or due for a potential price increase in the Indian market. Traders often use RSI to identify potential entry and exit points. For example, if RSI crosses above 70, it may be a signal to sell or take profits. Conversely, if RSI crosses below 30, it may be a signal to buy or enter a position. Hidden divergence occurs when the price of a stock in the Indian market makes a higher high (in an uptrend) or a lower low (in a downtrend), but the RSI fails to do the same. This can be a more subtle sign of a trend reversal. RSI can be used in conjunction with other technical indicators to enhance trading strategies in the Indian market. BSE:BANK NSE:BANKNIFTY NSE:ICICIBANK NSE:AXISBANK NSE:SBIN NSE:KOTAKBANK NSE:UNIONBANK NSEIX:NIFTY1!
NSE:BANKNIFTY
by Anand_7
2