Godrej Consumer Products Ltd view for Intraday 12th Dec#GODREJCPGodrej Consumer Products Ltd view for Intraday 12th Dec #GODREJCP
Resistance 1140 Watching above 1105 for upside movement ...
Support area 1100 Below 1120 ignoring upside momentum for intraday
Support 1090 Watching below 1098 or downside movement ...
Resistance area 1100
Above 1120 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Levels
KOTAKBANK 12 decKOTAKBANK s
Resistance 1600 Watching above 1602 for upside movement ...
Support area 1570 Below 1585 ignoring upside momentum for intraday
Support 1570 Watching below 1569 or downside movement ...
Resistance area 1600
Above 1585 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
ASIANPAINT view for Intraday 12th DecASIANPAINT view for Intraday 12th Dec =
Resistance 535 Watching above 536 for upside movement ...
Support area 515 Below 530 ignoring upside momentum for intraday
Support 515 Watching below 514 or downside movement ...
Resistance area 535
Above 520 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Reliance Industries Ltd view for Intraday 11th Dec #RELIANCEReliance Industries Ltd view for Intraday 11th Dec #RELIANCE
Resistance 1310 Watching above 1312 for upside movement ...
Support area 1280 Below 1290 ignoring upside momentum for intraday
Support 1281 Watching below 1277 or downside movement ...
Resistance area 1290
Above 304 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Godrej Consumer Products Ltd view for Intraday 11th DecGodrej Consumer Products Ltd view for Intraday 11th Dec #GODREJCP
Resistance 1140 Watching above 1105 for upside movement ...
Support area 1100 Below 1120 ignoring upside momentum for intraday
Support 1090 Watching below 1098 or downside movement ...
Resistance area 1100
Above 1120 ignoring downside move for intraday Charts
for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
SBI Life Insurance Company Ltd view for Intraday 11th Dec SBI Life Insurance Company Ltd view for Intraday 11th Dec #SBILIFE
Resistance 1490 Watching above 1492 for upside movement ...
Support area 1450 Below 1470 ignoring upside momentum for intraday
Support 1450 Watching below 1447 or downside movement ...
Resistance area 1490
Above 1470 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Infosys Ltd view for Intraday 11th Dec #INFYInfosys Ltd view for Intraday 11th Dec #INFY
Resistance 1960 Watching above 1965 for upside movement ...
Support area 1930 Below 1935-1930 ignoring upside momentum for intraday
Support 1930 Watching below 1928 or downside movement ...
Resistance area 1960
Above 1950-1960 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Adaniports Ltd view for Intraday 11th Dec #ADANIPORTSAdaniports Ltd view for Intraday 11th Dec #ADANIPORTS
Resistance 1260 Watching above 1265 for upside movement ...
Support area 1230 Below 1250 ignoring upside momentum for intraday
Support 1230 Watching below 1228 or downside movement ...
Resistance area 1260Above 1240-1242 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks
HDFC Life Insurance Company Ltd view for Intraday 11th Dec HDFC Life Insurance Company Ltd view for Intraday 11th Dec #HDFCLIFE
Resistance 640 Watching above 642 for upside movement ...
Support area 630 Below 630 ignoring upside momentum for intraday
Support 630 Watching below 628 or downside movement ...
Resistance area 640Above 640 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
ITI Ltd view for Intraday 11th Dec #ITIITI Ltd view for Intraday 11th Dec #ITI
Resistance 370 Watching above 372 for upside movement ...
Support area 362-364 Below 366 ignoring upside momentum for intraday
Support 362-364 Watching below 362 or downside movement ...
Resistance area 370
Above 366 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
State Bank of India view for Intraday 11th Dec #SBINState Bank of India view for Intraday 11th Dec #SBIN
Resistance 875 Watching above 875 for upside movement ...
Support area 850 Below 860 ignoring upside momentum for intraday
Support 850 Watching below 848 or downside movement ...
Resistance area 875
Above 860 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Wipro Ltd view for Intraday 11th Dec #WIPROWipro Ltd view for Intraday 11th Dec #WIPRO
Resistance 310 Watching above 311 for upside movement ...
Support area 305 Below 307 ignoring upside momentum for intraday
Support 305 Watching below 304 or downside movement ...
Resistance area 310Above 307 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Divergence Trading Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction.
MACDIf MACD is above the signal line, the histogram will be above the MACD's baseline or zero line. If MACD is below its signal line, the histogram will be below the MACD's baseline. Traders use the MACD's histogram to identify peaks of bullish or bearish momentum, and to generate overbought/oversold trade signals.
The difference between the two lines is represented on the histogram. If the MACD were to be trading above the zero line, it would confirm an uptrend, below this and the indicator would be used to confirm a downtrend.
Option chainAn options chain displays all available option contracts for a security, organized by expiration date and strike price. Options chains typically show each contract's bid price, ask price, volume, open interest, and implied volatility (IV).
Option chains also allows traders with the option to select the best expiration date for their options trading. The option's expiration date is the day it will stop being tradeable. Traders may use the option chain to identify the expiry date that provides the optimal balance of risk and return for their transaction.
SMC Trading with Professionals In conclusion, Smart Money Concepts (SMC) provides traders with a strategic framework that focuses on understanding the actions and motives of market makers, particularly institutions such as banks and hedge funds.
It compares favourably to other strategies, such as swing trading and scalping, although each are much more appropriate in a short term timeframe. If you are looking for the latest and greatest strategy traders are raving about, then SMC might be a great fit for you.
NIFTY is bearish below 23263 - Nifty Bearish Level (Important)Nifty has found support at 23263 - please be aware to exit or reduce your positions if the suggested level is broken,
you can also think of shorting the markets with a timeline of trade for 3 Months (that means, atleast stay in shorts for three months if as long as markets is below 23263).
I strongly suggest you to save this post or remember the level which can prove to be very important opportunity for taking a trade.
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Advanced Technical TradingWhat Is Price Action?
Price action is the movement of a security's price plotted over time. Price action forms the basis for all technical analyses of a stock, commodity, or other asset charts.
Many short-term traders rely exclusively on price action and the formations and trends extrapolated from it to make trading decisions. Technical analysis as a practice is a derivative of price action since it uses past prices in calculations that can then be used to inform trading decisions.
Key Takeaways
Price action generally refers to the changes of a security's price over time.
Different looks can be applied to a chart to make trends in price action more obvious for traders. This is especially true when analyzing data covering different time periods.
Technical analysis formations and chart patterns are derived from price action.
Technical analysis tools like moving averages are also calculated from price action and projected into the future to inform trades.
Though many use price action to forecast future prices, prior price action does not guarantee future results.
Trading Medicine Options are a type of contract that gives the buyer the right to buy or sell a security at a specified price at some point in the future. An option holder is essentially paying a premium for the right to buy or sell the security within a certain time frame.
Is option trading profitable? Options trading is a risky endeavor but can be profitable if done correctly. There is no guarantee that any particular trading strategy will be consistently successful, but a few methods have proven to be effective more often than not.
PCR Part - 1What is PCR in share market? A Put-Call Ratio is a technical indicator used in derivative markets. It gauges market sentiment by comparing the open interest or trading volume of put options to call options. A high ratio generally suggests a bearish outlook, while a low ratio indicates a bullish sentiment.
A PCR value below 1 is indicative of the fact that more Call options are being purchased relative to the Put options which signals that investors are anticipating a bullish outlook for the markets ahead.
NIFTY INTRADAY LEVELS FOR 21/10/2024BUY ABOVE - 24890
SL - 24800
TARGETS - 24950,25020,25100
SELL BELOW - 24800
SL - 24890
TARGETS - 24700,24600,24530
NO TRADE ZONE - 24800 to 24890
Previous Day High - 24890
Previous Day Low - 24600
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
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MACD TRADING / Technical AnalysisMoving average convergence/divergence (MACD) is a technical indicator to help investors identify entry points for buying or selling. The MACD line is calculated by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA.
The MACD indicator (or oscillator) is a very popular indicator among traders around the world for identifying trends and reversals. It was invented around 1977 by Gerald Appel, who was looking for a quality indicator that could immediately be interpreted.