Nifty50
TATAchem double correction for more than 6 monthsTatachem was in double correction for more than 6 months
done w-x-y corrective move
Now need to break above 1113 level (resistance trendline)
for resuming uptrend..
more upside if breaks 1162
MACD +ve crossover
Disclaimer : I AM NOT SEBI REGISTERED. Post is only educational purpose of elliott wave analysis.
Nifty weekly expiry intraday levels for 25/12/2024Nifty has given a nice closing around the resistance zone and a good support on 20 EMA is there on 30 minutes.
Tomorrow is weekly expiry and a volatile trading day will be there as all the volume will be in this only index tomorrow.
Support levels :- 24460,24345
Resistance :- 24570, 24670
If market consolidate in the first half and gives a break out, trending move can be capture either side.
Wait for the price action near the levels before entering the market.
Nifty Long 24500 | Hourly View | Elliott waves Nifty now in wave C as shown in chart.
Right now wave 3 of c which should go min 24447 then with some halt final move towards 24551 min as of now.
Expecting some pullback and halt near 24500 before giving next move direction. Final destination is 24900-25000 for this move.
Nifty analysis for 03/12/2024Nifty has been trading in a range for last five trading session and there are possibility of a trend reversal as the chart seems to me.
It is trading around the Hourly EMAs and has closed above it after good fall on Thursday.
If there is a break out of the resistance zone, 24500 can also be breached and new highs around 24730 can be seen.
A base and W pattern formation is there around the low created. Buy on dip can be done once the crucial round number figure is taken out.
Resistance :- 24350, 24500, 24940
Support zone :- 24090-24140
The market is looking strong for the coming days. Market reaching 25k this week or the next can be seen.
Wait for the price action near the levels before entering the market.
Aeroflex Industries by KRS Charts4th Oct 2024 / 10:02 AM
Why AEROFLEX ❓
1. Clear Pattern of Reversal to Bullish, Inverted Head & Shoulder❗❗👍
2. Many has Jumped in Breakout due to high calls were given for AEROFLEX but once in Retest ,i think it's right time to enter with more conviction.
3. In smaller TF, 100 EMA is right underneath so multi-TF support ✅↗️
Target would be of ~224 Rs with SL closing below Support as we can see in Chart 📈
Nifty - Intraday levels & Prediction for - 2 Dec 2024Nifty Prediction for Tomorrow:
Trend : Sideways to Mod. BEARISH
Sentiment : Negative
Expectation : BEARISH Trend Continuation upto 23500 Monthly Target
Look for Buy/Sell at Demand and Supply zone for profitable trades.
Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance and Supply zone will become Support.
Refer the chart for detailed Intraday Support and Resistance levels.
Dow theroy - NIfty50 !!NSE:NIFTY
This chart represents a technical analysis of the Nifty 50 Index in the I-hour time frame, showing key
phases and levels that traders monitor for decision-making. Here's the explanation in simpler terms:
1. Accumulation Zone:
This is the area marked in the first shaded box where the price is moving sideways within a
range (between support and resistance levels).
• In this phase, big players (institutions) are likely accumulating (buying) before the next move.
2. Breakout to Manipulation:
After the accumulation, the price broke out above the resistance level. However, this was
followed by a sharp reversal downward.
The sharp drop is labeled "Manipulation," where the market may have tricked traders into
thinking the price was going higher, only to push it down.
3. Support Levels:
• Several support levels are marked where the price found temporary stability and reversed
upward. These areas indicate where buying pressure overcame selling.
4. Distribution Zone:
• In the next shaded area, the price moved sideways again. This could indicate a "distribution"
phase where institutions are selling off positions after the price increased.
5. Future Projection:
The dotted line shows a possible future path where the price could rise again toward the
distribution area (marked as potential resistance).
Key Takeaways:
Sideways Movement: Indicates areas of balance between buyers and sellers.
Manipulation: A sharp move designed to trigger stop-loss orders or mislead traders.
• Future Trend: The chart suggests a bullish (upward) move if the price sustains above current
support levels.
Traders can use these observations to plan entries or exits around support/resistance levels while
being cautious of potential false breakouts.
Advanced Trading The intended reason that companies or investors use options contracts is as a hedge to offset or reduce their risk exposures and limit themselves from fluctuations in price. Because options traders can also use options to speculate on price or to sell insurance to hedgers, they can be risky if used in those ways.
In all, it is not gambling but is a type of speculation hence a government employee and PSU servants are not allowed to trade in options.
NO EDGE MEANS NO LONG TERM SUCCESSWhy is Trading a Business? Every Business Needs an Edge
Trading isn’t just buying and selling; it’s running a business. Yet, many traders enter the market thinking it’s a game of luck or a quick path to riches. They often overlook the fundamental principles that make businesses succeed – planning, strategy, risk management, and most importantly, an edge.
Every successful business operates with a clear competitive advantage. It could be a unique product, better customer service, cost efficiency, or a strong brand. Similarly, in trading, your edge is the unique factor that tilts the odds in your favor, ensuring consistent profitability over time.
Let’s break this down further.
---
Trading as a Business
Imagine opening a store without knowing what to sell, who your customers are, or how to price your products. Sounds like a recipe for disaster, right? Trading without an edge is no different. Here’s how trading mirrors a business:
1. Capital Investment:
Like any business, trading starts with capital. You invest money to make money. The goal? Protect your investment while growing it sustainably.
2. Risk and Reward:
Every trade is a calculated risk, much like any business decision. Smart businesses don’t gamble; they assess risks and aim for favorable outcomes. Traders must do the same.
3. Operating Costs:
Spreads, commissions, data subscriptions, and even your time – these are the costs of running your "trading business." Without careful management, these costs can eat into profits.
4. Strategy and Execution:
Just as businesses need clear strategies to attract customers, traders need precise plans for when to enter, exit, and manage trades.
---
The Role of an Edge in Business and Trading
In business, an edge is what keeps you ahead of competitors. It could be your pricing strategy, innovative products, or superior supply chain. In trading, your edge is the reason you consistently make money while others lose. Without it, you're just another player in the market, relying on hope rather than skill.
Here’s how an edge works in trading:
- Better Knowledge: Maybe you’ve mastered chart patterns or have insights into how specific news events impact prices.
- Superior Execution: Perhaps you can execute trades faster, capitalizing on small price inefficiencies.
- Emotional Discipline: Your ability to stick to a plan when others panic can itself be an edge.
- Risk Management: Knowing when to cut losses or ride a trend is critical.
---
What Happens Without an Edge?
Businesses without a competitive advantage struggle to survive. They either burn through their resources or get outperformed by competitors. Similarly, traders without an edge lose consistently, blaming the market, brokers, or even bad luck.
Remember, trading is a zero-sum game. For every winner, there’s a loser. If you don’t have an edge, you’re likely on the losing side over the long term.
---
Developing Your Trading Edge
Creating an edge is not about finding shortcuts; it’s about building a system that works for you. Here’s how to start:
1. Understand Your Market:
Just like businesses study their industry, traders need to specialize. Are you trading stocks, forex, or options? Focus on a niche and learn it deeply.
2. Create a Strategy:
Develop a trading plan based on proven setups, market conditions, and your personal strengths. Backtest this plan with historical data to ensure it has a statistical edge.
3. Monitor and Adapt:
Businesses adapt to market trends, and so should traders. Regularly review your trading performance and refine your strategy.
4. Risk Management:
A business would never invest all its funds into one risky venture. As a trader, never bet your entire capital on a single trade.
---
Conclusion: Trading is a Business with Unlimited Potential
Trading offers the freedom to be your own boss, but it comes with responsibilities. Treat it as a business, and respect its demands. Your trading edge is your competitive advantage, the key to surviving and thriving in the markets.
Whether it’s through a unique strategy, superior risk management, or emotional discipline, every trader must find their edge. Without it, the market becomes a casino where the odds are stacked against you.
So ask yourself: what’s your trading edge? If you don’t have one yet, it’s time to start building it. Because in trading, as in business, those without an edge rarely last.
Follow me for more such content ahead
Till then,
HAPPY TRADING :)
RSI Divergence RSI divergence occurs when the price of an asset moves in the opposite direction to the RSI indicator. Depending on the type of divergence spotted, this can signal a potential reversal in the market trend, either bullish or bearish.
The best RSI settings are typically a 14-period timeframe with 70 as the overbought level and 30 as the oversold level. These settings can be adjusted based on specific trading strategies.
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.
Management TradingTrade management involves a series of tasks and decisions that occur after a trade is executed. These tasks include: 1. Determining Position Size: Before entering a trade, calculate the appropriate position size based on your risk tolerance and account size.
Trade Management is the process by which companies plan, execute, and administer payment for trade promotions. Successful trade management includes: Managing trade funds. Maximizing trade promotion profitability. Minimizing claim and deduction costs.
Advanced Trading Trading involves the buying and selling of financial assets, such as stocks, to earn profits based on the price fluctuations of these assets. There are different types of trading, and traders use various strategies, techniques, and tools to decide when to buy or sell different assets.
Trade is the exchange of goods and services between parties for mutually beneficial purposes. People and countries trade to improve their circumstances and quality of life. It also develops relationships between governments and fosters friendship and trust.
PCR TradingThe Put Call Ratio (PCR) is a tool in the stock market to understand how investors feel about a stock or the market's future. It compares the number of put options to call options traded. More puts traded mean investors expect prices to fall (bearish). More calls traded mean investors expect prices to rise (bullish).
A PCR above 1 indicates that the put volume has exceeded the call volume. It indicates an increase in the bearish sentiment. A PCR below 1 indicates that the call volume exceeds the put volume. It signifies a bullish market ahead.
How can we trade NIFTY for coming week? Have a look at this.Nifty has formed a Descending Channel and given a good breakout. People usually have Buy setup after breakout but in this scenario we have a LH on 4hrs Time frame that needs to be broken for any Bullish bias. Nifty is still bearish. For upcoming days , our plan of action would be PATIENCE.
We would like to wait for a good MSS and retracement and then we will plan for any Buy setup. Waiting would be a good option because we are approaching weekend.
If not then, we do have a Bearish setup where we can target the downside Higher time frame liquidity.
Trade safe and responsibly. This is for educational purpose only.
Marico | Bullish SetupMarico chances of moving 5% in coming days.
Back to back green candle
Increasing volume
Strong RSI
Sustain Above 650 might give 3-5% returns in 2-3 days.
Disclaimer: This post is for educational purpose. No trade/ buy/ sell signal is suggested or advised. Do your own analysis before buying or selling any stock/options.
Nifty View Hourly | Next movesNifty 50 as we expected rotated between 24000-24500. Today it went to 24000.
Case 1: abc of B in progress and b completed near demand zone. As shown in red. Now reversal of c can come.
Reversal candles with RSI signals can confirm.
Case 2: abc of B completed already at a and Now C in progress. As shown in blue lines B to C.
Below 23900 can confirm further drop towards 23500 and maybe to 22900.
Disclaimer: Not a buy, sell recommendation. Only for educational/ entertainment purpose.