ADX indicator in Trading The average directional index (ADX) is a technical indicator used by traders to determine the strength of a financial security's price trend. It helps them reduce risk and increase profit potential by trading in the direction of a strong trend.
The ADX identifies a strong trend when the ADX is over 25 and a weak trend when the ADX is below 20. Crossovers of the -DI and +DI lines can be used to generate trade signals. For example, if the +DI line crosses above the -DI line and the ADX is above 20, or ideally above 25, then that is a potential signal to buy.
Long-trade
Deep information for 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.
Option trading gives the buyer the right but not the obligation to buy (call option) or sell (put option) a certain underlying asset at a predetermined price within a stipulated period. Options trading involves strategies that provide traders with various market positions to make gains or mitigate the spot market risk.
option trading part 2Options 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.
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.
ICICIBANK // Levels // 15 min"Welcome to SkyTradingZone "
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Support:
Strong Financial Base: ICICI Bank’s solid balance sheet, including healthy asset quality and capital adequacy ratios, provides financial support during economic fluctuations.
Diversified Revenue Streams: Revenue from retail, corporate, and investment banking reduces reliance on any single segment, offering stability.
Resistance:
Credit Risk Exposure: High levels of non-performing assets (NPAs) or potential loan defaults can act as resistance to financial stability and profitability.
Economic Downturns: Broader economic slowdowns or financial crises can negatively impact financial performance and increase risks.
Resistance Levels:
R1: ₹1,245.82
R2: ₹1,259.55
R3: ₹1,275.00
Support Levels:
S1: ₹1,230.00
S2: ₹1,215.00
S3: ₹1,200.00
AXISBANK // Levels // 1 hour "Welcome to SkyTradingZone "
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Axis Bank Limited (NSE: AXISBANK), here are the key levels on the 1-hour timeframe:
Resistance Levels:
R1: ₹1,200.00
R2: ₹1,220.00
R3: ₹1,240.00
Support Levels:
S1: ₹1,180.00
S2: ₹1,160.00
S3: ₹1,140.00
These levels can help you identify potential entry and exit points for your trades
RELIANCE // Levels // 1 hour
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RELIANCE Levels in Support and Resistance
1. Personal Level
Support:
Emotional Stability: Relying on close friends and family provides emotional support, helping individuals manage stress and adversity.
Practical Assistance: Dependence on personal networks for daily needs and problem-solving can offer a safety net during difficult times.
Resistance:
Over-Reliance: Excessive dependence on personal relationships for emotional or practical support may lead to issues if those relationships are strained or unavailable.
Independence Challenges: High reliance on others might hinder personal growth and self-sufficiency.
2. Professional Level
Support:
Team Dynamics: In a workplace setting, reliance on team members for collaborative efforts enhances productivity and innovation.
Leadership Guidance: Dependence on managers and leaders for direction, resources, and support helps navigate complex projects and organizational changes.
Resistance:
Organizational Dependencies: Over-reliance on specific teams or leaders can create vulnerabilities if they leave or underperform.
Bureaucratic Challenges: Excessive reliance on established procedures and hierarchies can resist adaptation and innovation.
FETUSDTFETUSDT Forming A Falling Wedge, So We Can Take A Long Trade.
Entry : $0.3477-$0.3415-$0.3347
🎯Target 1 $0.3510
🎯Target 2 $0.3545
🎯Target 3 $0.3595
🎯Target 4 $0.3654
🎯Target 5 $0.3719
🎯Target 6 $0.3828
🎯Target 7 $0.3906
⭕Stop loss : $0.3208
💰Place a Limit Order in 3 Parts
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Happiest Minds Cup and Handle LongA clear downtrend breakout and cup and handle pattern formation in Happiest Minds. From these levels, it can give a 25-30% move upwards. RSI is bullish above 50 and ADX is above 20 in the daily charts. OBV is rising. Important indicators hint a big move. Even the Ichimoku cloud indicator has indicated a reversal of the downtrend. I think it is a good trade to be taken. Let us see how it plays out. All the best.
Positional trade Stock is a low momentum, low volatility small cap.
However, certain levels are very predominantly evident on the chart.
Such as a daily close above 390 would make the stock a strong long positional bet for first target of 430.
With results round the corner, positive surprise would be a trigger for such a move.
HEIDELBERG CEMENT POTENTIAL BREAKOUT IN CHANNEL PATTERNthis stock looks bullish based on the channel pattern. it is in channel pattern in both weekly, daily, and hourly frames. you can enter after breakout with volume and keep a strict stop loss as per your appetite. this is educational and not investment advice. I am just practicing and not SEBI registered. and not responsible for your gains or losses and cant be held liable.