ADX learn in trading The Average Directional Index (ADX) is a technical analysis tool that measures the strength of trends. It is a standard analytical tool provided by most trading platforms. To quantify a trend's strength, the calculation of the ADX is based on the moving average (MA) of a price range expansion over a certain timeframe.
The traditional setting for the ADX indicator is 14 time periods, but analysts have commonly used the ADX with settings as low as 7 or as high as 30. Lower settings will make the average directional index respond more quickly to price movement but tend to generate more false signals.
LONG
Learn Option ChainTo study an option chain, focus on the current market price, displayed in the centre. Analyse the built-up data to understand market direction based on recent changes in open interest and price. ITM call options are typically highlighted in yellow, making it easier to distinguish them from other options.
Nifty option chain is considered to be the best advance warning system of sharp moves or break outs in the index.
BPCL Levels As of December 26, 2024, Bharat Petroleum Corporation Limited (BPCL) closed at ₹295.50.
Support and Resistance Levels:
Resistance Levels:
R1: ₹299.08
R2: ₹302.57
R3: ₹305.83
Support Levels:
S1: ₹292.33
S2: ₹289.07
S3: ₹285.58
These levels suggest that if BPCL's stock price rises, it may encounter resistance around ₹299.08 to ₹305.83. Conversely, if the price declines, it may find support between ₹285.58 and ₹292.33.
Technical Indicators:
Moving Averages:
5-Day Average: ₹290.60
20-Day Average: ₹295.65
50-Day Average: ₹305.38
200-Day Average: ₹418.84
The stock is trading below its 50-day and 200-day moving averages, indicating a bearish trend.
MACD (12,26,9):
MACD Line: 293.49
Signal Line: 297.32
Histogram: -3.8
The negative MACD value suggests bearish momentum.
ADX (14):
ADX Value: 21.13
+DI (Positive Directional Indicator): 13.78
-DI (Negative Directional Indicator): 21.16
An ADX value around 21 indicates a weak trend, with the negative directional indicator suggesting selling pressure.
RSI (14):
RSI Value: 41.77
An RSI below 50 indicates bearish momentum.
Please note that stock prices are influenced by various factors, and past performance does not guarantee future results. It's advisable to conduct thorough research or consult a financial advisor before making investment decisions.
Sensex LevelsAs of December 26, 2024, the S&P BSE Sensex closed at 78,472.48.
Support and Resistance Levels:
Resistance Levels:
R1: 78,900
R2: 79,450
R3: 80,000
Support Levels:
S1: 78,000
S2: 77,500
S3: 77,000
These levels indicate potential zones where the Sensex might face buying or selling pressure:
If the index moves upwards, it may face resistance near 78,900 or higher at 79,450.
If it declines, it could find support around 78,000 or lower near 77,500.
Technical Observations:
The current trend shows consolidation near the 78,500 mark, with RSI in a neutral zone indicating balanced momentum.
A breach of 79,000 could signal bullish momentum, while a drop below 78,000 may indicate further weakness.
KOTAKBANK LevelKOTAKBANK
Resistance 1900 Watching above 1902 for upside movement ...
Support area 1770 Below 1785 ignoring upside momentum for intraday
Support 1770 Watching below 1569 or downside movement ...
Resistance area 1900
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,
SWIGGY LevelsAs of December 26, 2024, Swiggy Limited (NSE: SWIGGY) closed at ₹559.05.
Support and Resistance Levels:
Resistance Levels:
R1: ₹597.39
R2: ₹612.57
R3: ₹627.14
Support Levels:
S1: ₹567.64
S2: ₹553.07
S3: ₹537.89
These levels suggest that if the stock price rises, it may encounter resistance around ₹597.39 to ₹627.14. Conversely, if the price declines, it may find support between ₹537.89 and ₹567.64.
These support and resistance levels are based on pivot point calculations, which are commonly used in technical analysis to identify potential price reversal points.
Please note that stock prices are influenced by various factors, and past performance does not guarantee future results. It's advisable to conduct thorough research or consult a financial advisor before making investment decisions.
RELIANCE Support and Resistance As of December 26, 2024, Reliance Industries Limited (RELIANCE) closed at ₹1,268.05.
Technical analysis indicates the following support and resistance levels:
Support Levels:
S1: ₹1,250.52
S2: ₹1,227.68
S3: ₹1,215.37
Resistance Levels:
R1: ₹1,285.67
R2: ₹1,297.98
R3: ₹1,320.82
These levels suggest that if the stock price declines, it may find support between ₹1,215.37 and ₹1,250.52. Conversely, upward movements may encounter resistance between ₹1,285.67 and ₹1,320.82.
OBEROIRLTY Support & Resistance As of December 26, 2024, Oberoi Realty Limited (OBEROIRLTY) closed at ₹2,290.50, marking a 1.25% increase from the previous close of ₹2,262.30.
MARKETWATCH
The stock's 52-week range spans from a low of ₹1,268.15 to a high of ₹2,341.15, reached on December 17, 2024.
FINANCIAL MARKETS
Technical analysis indicates the following support and resistance levels:
Support Levels:
₹2,210
₹2,172
₹2,108
EQUITYPANDIT
Resistance Levels:
₹2,312
₹2,376
₹2,444.45
EQUITYPANDIT
BAZAAR TREND
These levels suggest that if the stock price declines, it may find support between ₹2,108 and ₹2,210. Conversely, upward movements may encounter resistance between ₹2,312 and ₹2,444.45.
Additionally, pivot point analysis provides the following levels:
Daily Pivot Points:
Pivot: ₹2,328.47
Support 1 (S1): ₹2,284.88
Resistance 1 (R1): ₹2,366.43
TOP STOCK RESEARCH
Weekly Pivot Points:
Pivot: ₹2,347.43
Support 1 (S1): ₹2,241.52
Resistance 1 (R1): ₹2,447.07
TOP STOCK RESEARCH
These pivot points can serve as additional indicators for potential price movements.
It's important to note that stock prices are influenced by various factors, and past performance does not guarantee future results. It's advisable to conduct thorough research or consult a financial advisor before making investment decisions.
HDFCBANK Levels As of December 26, 2024, HDFC Bank's stock (HDFCBANK) closed at ₹1,798.10. The stock has been trading below its 52-week high of ₹1,880.00, reached on December 9, 2024.
Technical analysis indicates the following support and resistance levels:
Support Levels:
₹1,777
₹1,763
₹1,746
Resistance Levels:
₹1,808
₹1,826
₹1,840
These levels suggest that if the stock price declines, it may find support around ₹1,746 to ₹1,777. Conversely, upward movements may encounter resistance between ₹1,808 and ₹1,840.
Additionally, pivot point analysis provides the following levels:
Daily Pivot Points:
Pivot: ₹1,794.50
Support 1 (S1): ₹1,777.00
Resistance 1 (R1): ₹1,808.25
Weekly Pivot Points:
Pivot: ₹1,802.83
Support 1 (S1): ₹1,735.72
Resistance 1 (R1): ₹1,838.62
These pivot points can serve as additional indicators for potential price movements.
It's important to note that trading volumes have been below the 50-day average, which may influence price volatility. For instance, on December 26, 2024, the trading volume was 5,240,839 shares.
Please remember that stock prices are influenced by various factors, and past performance does not guarantee future results. It's advisable to conduct thorough research or consult a financial advisor before making investment decisions.
If TATA MOTORS breaks the price band and resistance
If TATA MOTORS breaks the price band and resistance of 764.75 It's a BUY a signal MACD is about to cross and RSI has also increased. It might come back to the level of 764 for retracement to achieve the the TARGET of 927 and keep SL of 649.
TARGET 1-927
TARGET 2-1015
SL-649
The information provided here is for educational and informational purposes only. I am not a SEBI-registered financial advisor, and any suggestions or opinions expressed are solely based on personal research and analysis. Please conduct your own due diligence or consult with a licensed financial advisor before making any investment decisions. Trading in the stock market involves risk, and you should be aware of your own risk tolerance and financial goals before making any investment
PCR in trading The Put-Call Ratio (PCR) is a popular technical indicator used by investors to assess market sentiment. It is calculated by dividing the volume or open interest of put options by call options over a specific time period. A higher PCR suggests bearish sentiment, while a lower PCR indicates bullish sentiment.
However, no PCR can be considered ideal, but usually, a PCR below 0.7 is typically viewed as a strong bullish sentiment while a PCR more than 1 is usually considered as a strong bearish sentiment.
Option and Database trading Traders use an options chain to choose the specific option contracts that best align with their trading strategy. They can select options with the desired strike prices and expiration dates based on their market outlook. Options chains are crucial for assessing and managing risk.
Rupeezy, Upstox, and Zerodha offer the best option trading apps in the market because their innovative trading platform allows traders to seamlessly analyze and trade in the market.
MACD In Trading The Moving Average Convergence/Divergence indicator is a momentum oscillator primarily used to trade trends. Although it is an oscillator, it is not typically used to identify over bought or oversold conditions. It appears on the chart as two lines which oscillate without boundaries.
Traders often use MACD with longer-term moving averages like the 50-day or 200-day moving average. If the price is above these averages and MACD signals a buy, it reinforces the bullish trend. On the flip side, if the price is below the moving averages and MACD signals a sell, it indicates a strong bearish trend.
How to draw support and resistance The most reliable source for identifying support and resistance levels is historical prices, making them invaluable to traders. The key is to familiarise yourself with past patterns – sometimes from very recent activity – so you can recognise them if they appear again.
Simply mark visible highs and lows on your chart; the higher highs and lower highs will serve as resistance levels, whereas the lower lows and higher lows will serve as support levels. It is always recommended that these lines are marked on longer timeframes to have reliable support and resistance levels.
RSI and Database in Trading The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of a security's recent price changes to detect overbought or oversold conditions in the price of that security.
When the RSI crosses above 70, it suggests that the asset may be overbought. This means that a price correction or pullback could be imminent. ...
Learn Option in trading 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.
Or as it's conveniently named, 1 Long put closer to the money, 1 short put further from the money, and 2 more short puts even further from the money. Preferably, as far away as possible while maintaining a net credit for the trade.
RSI in trading The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of a security's recent price changes to detect overbought or oversold conditions in the price of that security.
The RSI is helpful for market participants in identifying trends. In a strong uptrend, the RSI typically stays between 40 and 90, with the 40-50 range acting as support. In a strong downtrend, the RSI ranges from 10 to 60, with the 50-60 range serving as resistance.
Option chain in tradingAn option chain lists all option contracts, including put and call option for given security. However, several traders focus on net change,' 'bid,' 'last price,' and 'ask,' columns to assess current market conditions. Option chain is also called the option matrix.
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.
Adx part 1The ADX quantifies trend strength by measuring directional movement over a given time frame. It provides traders with specific numbers (from 0 to 100) that represent strong or weak price trends. Traders can simply refer to the numbers to quickly assess the strength of a trend.
ADX below 20: Non-trending or consolidating.
ADX crosses above 20: A new trend may emerge.
ADX crosses 25: Confirmation of the trend.
ADX above 40: Strong trend.
ADX crosses 50: Extremely strong trend.
ADX crosses 70: A rare occasion.
ADANIENT Support & Resistanace As of December 26, 2024, Adani Enterprises Limited (ADANIENT) is trading at ₹2,377.27. For intraday trading, the following support and resistance levels have been identified:
Daily Pivot Levels:
Support Levels:
S1: ₹2,300.68
S2: ₹2,256.42
S3: ₹2,179.83
Resistance Levels:
R1: ₹2,421.53
R2: ₹2,498.12
R3: ₹2,542.38
These levels are calculated based on recent price movements and can assist traders in making informed decisions. It's important to note that technical analysis is inherently uncertain, and actual market movements may differ. Therefore, it's advisable to use these levels in conjunction with other analyses and risk management strategies.
OBEROIRLTY Support & Resistance As of December 26, 2024, Oberoi Realty Limited (OBEROIRLTY) is trading at ₹2,290.50. For intraday trading, the following support and resistance levels have been identified:
Daily Pivot Levels:
Support Levels:
S1: ₹2,278.40
S2: ₹2,157.58
S3: ₹2,065.27
Resistance Levels:
R1: ₹2,378.30
R2: ₹2,499.12
R3: ₹2,591.43
These levels are calculated based on recent price movements and can assist traders in making informed decisions. It's important to note that technical analysis is inherently uncertain, and actual market movements may differ. Therefore, it's advisable to use these levels in conjunction with other analyses and risk management strategies.
HDFCBANK Support & Resistance As of December 26, 2024, HDFC Bank Limited (HDFCBANK) is trading at ₹1,809.30. For intraday trading, the following support and resistance levels have been identified:
Daily Pivot Levels:
Support Levels:
S1: ₹1,798.78
S2: ₹1,788.87
S3: ₹1,779.63
Resistance Levels:
R1: ₹1,817.93
R2: ₹1,827.17
R3: ₹1,836.42
These levels are calculated based on recent price movements and can assist traders in making informed decisions. It's important to note that technical analysis is inherently uncertain, and actual market movements may differ. Therefore, it's advisable to use these levels in conjunction with other analyses and risk management strategies.