Basic detail of MACDA Moving Average Convergence Divergence indicator is a trend-following momentum indicator that depicts the relationship between two price-moving averages. Traders use the MACD to determine whether bullish or bearish momentum is strong in order to determine when to enter and exit transactions.
When the MACD line crosses above the signal line, it can be read as an indication to buy, while when it crosses below the signal line, it is an indication to sell.
Levles
Option Chain Option chains provide specific data related to options contracts, including strike prices, expiration dates, implied volatility, and open interest. Traders use this data to construct options strategies, manage risk, and profit from price movements in the underlying asset.
Nifty option chain is considered to be the best advance warning system of sharp moves or break outs in the index.
technical analysis in tradingTechnical analysis seeks to predict price movements by examining historical data, mainly price and volume. It helps traders and investors navigate the gap between intrinsic value and market price by leveraging techniques like statistical analysis and behavioral economics.
What are the best technical analysis indicators for day traders? The best technical indicators for day trading are the RSI, Williams Percent Range, and MACD. These measurements show overbought and oversold levels on a chart and can help predict where a price is likely to go next, based on past performance.
Advanced RSI IndicatorA 7-period RSI with settings of 10 and 90 works best. The tighter timeframe and thresholds help spot immediate trading opportunities. With settings of 10 and 90 a scalper can: Enter long positions when RSI dips below 1
It can signal when to buy and sell. Traditionally, an RSI reading of 70 or above indicates an overbought condition. A reading of 30 or below indicates an oversold condition. The RSI is one of the most popular technical indicators, and it is generally available on most trading platforms offered by online stock brokers.
#AMBER *Positional Trade
#AMBER
*Positional Trade, Amber Enterprises
Buy at CMP levels 6230-6260
Target 6600, 7000
Buy on dips till 6000
Good fundamental stock to hold in portfolio. Above all Major EMAS and holding strong.
It is a positional trade, so movement may not be in a few days.
Don't use big capital- very important in today's volatile market
What is Option Chain ?Options chain can be defined as the listing of all option contracts. It comes with two different sections: call and put. A call option means a contract that gives you the right but does not give you the obligation to buy an underlying asset at a particular price and within the option's expiration date.
How does an option chain work? An option chain displays available call and put options for a specific underlying asset, with their strike prices, premiums, and open interest. It provides a snapshot of market sentiment and potential price movements.
OPTION TRADING When you trade options, you're essentially placing a bet on if a stock will decrease, increase or remain the same in value; how much it will deviate from its current price; and in what time those changes will occur. Based on those parameters, you can choose to enter into a contract to buy or sell a company's stock.
You don't need a considerable sum of money to become an options trader. You can start small with a capital of less than Rs 2 lakhs too. However, as you start small, you need to be a careful trader so that you can cut down on the possibility of losses and enhance the return potential of your trades.
Bharti Airtel Ltd view for Intraday 20th Dec #BHARTIARTL
Bharti Airtel Ltd view for Intraday 20th Dec #BHARTIARTL
Resistance 1630 Watching above 1633 for upside movement... Support area 1600 Below 1615 ignoring upside momentum for intraday
Support 1600 Watching below 1595 or downside movement...
Resistance area 1630
Above 1615 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 20th Dec #RELIANCE
Reliance Industries Ltd view for Intraday 20th Dec #RELIANCE
Resistance 1270 Watching above 1273 for upside movement...
Support area 1240 Below 1255 ignoring upside momentum for intraday
Support 1240 Watching below 1238 or downside movement...
Resistance area 1270
Above 1255 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
SENSEX Support & Resistance for the day The Sensex (or BSE SENSEX) is the benchmark stock market index of the Bombay Stock Exchange (BSE), representing the performance of the top 30 companies listed on the exchange. Since it includes large-cap stocks across sectors, it reflects the broader market sentiment and can be an important barometer for the Indian stock market.
Support Levels:
₹60,000 - ₹61,000 (Strong Support Zone):
If the Sensex has recently bounced off this level, this could be a strong support range. A break below this level might signal further downside to the next support area.
₹58,000 (Psychological Support Level):
Round numbers like ₹58,000 are often key levels where the market may find support. If Sensex starts to dip towards ₹58,000, buying pressure from investors can drive the index higher.
₹56,000 - ₹57,000 (Previous Low / Support Zone):
If the Sensex had previously reversed direction around this level, it may serve as a significant support zone. A failure to hold above this range could lead to a larger correction.
Resistance Levels:
₹63,000 - ₹64,000 (Recent Highs / Strong Resistance):
If Sensex has tested ₹63,000 or ₹64,000 multiple times without sustaining above it, this would be a strong resistance level. A breakout above this level with strong volume could signal continued bullishness.
₹65,000 (Psychological Resistance):
As a round number, ₹65,000 is a significant level for traders and investors. If the Sensex approaches this level and faces resistance, it might pull back or consolidate before attempting another rally.
₹67,000 (Key Resistance Zone):
This level might represent a long-term resistance zone. If the Sensex has previously reached this level and failed to break through, it could act as an important resistance point in the future.
AXISBANK Ltd view for Intraday 13th DecAXISBANK Ltd view for Intraday 13th Dec
Resistance 1150 Watching above 1155 for upside movement...
Support area 1100 Below 1150 ignoring upside momentum for intraday
Support 1170 Watching below 1200 or downside movement...
Resistance area 1250
Above 1100 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
HDFCBANK Ltd view for Intraday 13th DecHDFCBANK Ltd view for Intraday 13th Dec
Resistance 1900 Watching above 1901 for upside movement...
Support area 1770 Below 1790 ignoring upside momentum for intraday
Support 1779 Watching below 1779 or downside movement...
Resistance area 1600
Above 1785 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,