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One of my biggest lessons market taught me, read description.I always wanted more from the swing trades I took and I failed to recognise the right target for my trade which many times lead to the stock going down from a major resistance or a trend reversal because of the resistance zone because of which i had to lose a winning trade many times and with time and practice i realised what is best for me is to sell that stock in a major resistance if there is no sign if it will break the resistance such as accumulating volume, anyway i can buy the stock back if it manages to break the resistance , in the reference chart also we can see two major trend reversals because of the resistance.
NSE:GMDCLTDEducation
by Jayesh_chopra
2
Trend Continuation PatternBullish Flag Chart Pattern: Tata Chemicals Description: The flag represents a brief pause in a dynamic market move & one of the requirements for a flag pattern is that it should proceed by a sharp and almost straight-line move. It represents situations where a step advance or decline has gotten ahead of itself, and where the market pauses briefly to "catch its breath " before running off again in the same direction. Construction of Flag & Pole pattern: The flag resembles a parallelogram or rectangle market by two parallel trendlines that tend to slope against the prevailing trend. The flag usually occurs after a sharp move & represents a brief pause in the trend. The flag should slope against the trend. Volume should dry up during the formation & built again on the breakout . How to trade flag and pole patterns: The sideways period is often followed by another sharp rise. This is where the trading opportunity comes in. Once the flag pole and a flag or have formed, traders watch for the price to breakout above the upper flag/trend line. When this occurs, enter a long trade. Conclusion: 1-Flag patterns are a commonly used technical analysis tool and majorly a choice of breakout traders and swing traders. 2- Flag is formed when there is a minor profit booking in either an uptrend or a downtrend. 3- The pole is formed by a line that represents the primary trend in the market. 4- It is important that flags are preceded by a sharp advance or decline.
NSE:TATACHEMEducation
by Indrajit08
3
IRON FLY STRATEGY FOR NIFTY 10 MAR EXPIRYIron Fly is a non directional strategy that works very well in a sideways market. I was of the view that the market would be sideways for the reasons mentioned in the video. This worked very well for the weekly expiry and it is used very often in confusing markets such as this. This was one of my first attempts at vocally explaining strategies so I may not have been as clear in the details. Let me know if you have any questions about this strategy in the comments. Please LIKE if you would want to see more content like this. :)
NSE:NIFTYEducation
by ArcherDAVIS
1
Learning about Exponential Moving AverageEMA full form is *Exponential moving average*. you can google this for detailed explaination and formula. I use 30 week EMA for my stoploss that means, the length chosen is last 30 week on weekly timeframe. if you are using daily timeframe you can use 150 Day EMA (as 5 working days for week * 3o weeks). NOTE- The length choosen is not an fix and not compulsory for use. i use this length from trader whom i follow. Try and backtest different lengths (EX. on weekly-12,30,40 and on daily-21,50,150,200) use which suits your style and pace TO SET EMA ON YOUR CHART- choose Timeframe as W (week) 1. Go to indicator and strategies on top of chart 2. search Exponential moving average select first inbuilt option 3. Set length as 30 click OK. Now you are ready to use.
NSE:NIFTYEducation
by Money_Monk
5
✨TERM OF THE DAY✨ = MARKET MOVER (VIEW SHARED AS READ)A MARKET MOVER IS AN INDIVIDUAL OR A FIRM READY TO BUY OR SELL A PARTICULAR SECURITY THROUGHOUT THE TRADING SESSIONS, PROVIDING BIDS AND ASKS ALONG WITH THE MARKET SIZE OF EACH. MANY MARKET MAKERS ARE OFTEN BROKERAGE HOUSES THAT PROVIDE TRADING SERVICES FOR INVESTORS IN AN EFFORT TO KEEP FINANCIAL MARKETS LIQUID. MARKET MOVERS ARE PROFITING ON THE BID-ASK SPREAD, WHICH IS THE AMOUNT BY WHICH THE ASK PRICE EXCEEDS THE BID PRICE OF A MARKET ASSET.
Education
by sankhyainvestments
2
Idea: Important Lessons to be learntGreetings of the day...!!! Sharing one case where we almost paid the penalty of not listening to chart... Some days earlier we recommended a short in idea around 78 for targets of 76 and 74 Things were going good and our 1st target was achieved within hours.... Booking partial profits when target 1 was achieved was good but there after... There were some elementary mistakes that we should have taken care of and should have avoided... Here were some mistakes that we made... sharing so that one can learn and avoid those mistakes and make himself/herself a better trader .... 1. Should have trailed SL to 78.30 instead of keeping it at 79.60 Looking at the charts will suggest the importance of 78.30 The stock came out of the falling channel.... The message was clear....Chart was telling us loud and clear.... EXIT EXIT EXIT There was a clear indication and ample time to exit from short position at cost itself for balance position... but we did not obey what charts were telling us... Even at 79.60 we should have exited but were adamant and expecting the stock to fall because of bias of our postion may be & We almost paid the penalty as the stock went up to 83 thereafter but luckily for us, again charts were at rescue and suggested not to panic but add short position again and we did so around 82.25 And today we were able to book profit at 79.70 and 78.80 respectively (our avg cost of open position was 80.125) Lesson to be learnt If we are looking at charts for our trade we should Listen to charts completely... and not let our will / expectation / ego to come in between, beacuse our expectation always has a desire attached to it and we become bias which is not good .... ------------------------------------------------------------------------------------------------------------------------------------------------------------------ So yes, Although the trade has given good profits overall ...we r not happy with the way we earned but I sign off thanking and respecting charts for helping and bailing us out this time... Regards & Take care...!!!
NSE:IDEAEducation
by indiamarketoutlook
2