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Movingaveragesupport

Nifty 50 Hourly Analysis: Bullish Retest on the Horizon?Nifty 50 has recently showcased a breakout in the hourly timeframe, making a strong move to higher levels. Now, as it retraces, we're observing a potential retest of the breakout zone. This presents multiple long opportunities! What makes this even more enticing? The robust support from the 200 Moving Average. Traders, are you spotting the same patterns? What's your game plan here? Sharing insights can lead to collective growth! Let's discuss! And remember, always ensure your strategies align with market dynamics and risk management principles.
NSE:NIFTYLong
by AlphaTradingStation
Rain might Make it HailRain industries is currently in a symmetrical triangle pattern resting on the 200EMA and is on a strong area of confluence which is acting like a support zone, it is also supported by a moving average right below which is the 50EMA which gives us 3 major support zones. Looking deep into the volume of the consolidation, you can see that the consolidation was on low volume and a good green candle has formed with good volume showing buying at that level. Normally when the market breaks out, we miss the best entry, to prevent that, we indulge in a riskier trade with the help of position sizing giving us maximum gain and minimum loss. What is position sizing? It is when you first add half your position to check If the market is saying you are right or wrong, if the market moves in your direction, you will add your second half and tighten your stop loss. This way you add two positions but one only when the market shows you that you are correct. Example: Suppose your risk is 100 per trade, You first buy enough Qt to risk only 50 ( Typically with a larger stop) and if the market forms a green candle or another bullish sign, you add another Qt to risk 50 more ( Total risk 100) and your second stop loss becomes tighter ( most probably at the breakeven of the first position) this way you minimise your loss but ur reward is the same and even more. If your first stop gets hit, you accept your mistake and move on. Add to more on break of triangle Target with a good risk to reward Stop loss below 50EMA Keep It Simple
NSE:RAINLong
by Krish_Kohal
Intraday Price Action Indicator - Multi TimeframeHi, Success in the stock Market without good Tool and Guidance is Challengeable. Here is the Indicator which is very user friendly and effective for intraday Trading. Please checkout the Signature tab and Join the link if you need this. Details of the Indicator: Method of Trading – Intraday, Positional or Swing – Indices, Stocks and Commodity Markets Golden Zones : When two or more indicator levels are confluences at one price point which will act as Strong Support and Resistance in the Market. That is called Golden Zone. CPR & Pivot (Daily / Weekly / Monthly) – Based on the previous Timeframe values, it will automatically calculates the Support and Resistance values for the upcoming Sessions. BUY / SELL Levels (W-Refers the Weekly levels) – Possible Reversal in the market we can expect at this price level. Depends on the Time frame (Daily/Weekly) Bull BO / Bear BO (W-Refers the Weekly levels) – Possible Breakout level, If breakout happens price will move to reach the Target 1 and 2 Points based on which side the price breaks ( BULLISH / BEARISH ). We can initiate our BUY/SELL Entries. Target 1 & Target 2 – Once the Price breaks the Breakout (Bull BO / Bear BO) levels, it will try to reach the Target Points where we can book our profits. Tomorrow Levels - This will help us to enable the next day trading session Support and Resistance Levels in advance to do pre-analysis to prepare for the Entry and Exits. Colored Candles : Lime Green and Violet colored candles will indicate the Possible Trend Reversals. Triangles : Orange and Violet triangles will indicate the Confirmation of Trend Reversal. BUY / SELL Signal – Considering the momentum and the Trend change it will suggest the possible entry time. Dashboard : 1. Weekly Trend : This will indicate how the current week trend is going to be – Trending / Sideways 2. Today – Current Session expectation in the Market ( Bullish / Bearish ) 3. Sentiment – Indicates the Traders mind set (Positive/Negative Side) 4. Range - This will indicate how the current Day trend is going to be – Trending / Sideways 5. MB / MA Trend – This identifies the major trend (Is the Stock / script in Up Trend or Down Trend) 6. Other Parameters – Will indicates the present situation in the market 7. RSI Values – This is to know and understand the momentum of the particular script
NSE:NIFTY
by ViVenTraders