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22 April nifty trading zone#Nifty50 #option trading 99% working trading plan 👉Gap up open 24238 above & 15m hold after positive trade target 24508, 👉Gap up open 24008 below 15 m not break upside after nigetive trade target 24008, 23853 👉Gap down open 24008 above 15m hold after positive trade target 24238 , 24508 👉Gap down open 24008 below 15 m not break upside after nigetive trade target 23853, 23653 💫big gapdown open 23853 above hold 1st positive trade view 💫big Gapup opening 24508 below nigetive trade view 📌 Trade plan for education purpose I'm not responsible your trade More education follow & support me
NSE:NIFTY
by mayuraj_820
4
Gold: Buyers pause above $2,900 amid risk aversion concernsGold is maintaining its bullish momentum for the second consecutive day above $2,900 on Wednesday morning, as buyers take a breather ahead of the crucial ADP employment report in the US. This data could provide fresh insights into the Federal Reserve’s next interest rate move. Meanwhile, risk aversion sentiment fueled by concerns over a trade war may help limit gold’s downside potential. At the same time, XAU/USD has held above the $2,900 level but retreated slightly from the intraday high of $2,927.91. The daily chart shows that gold has been on an upward trajectory for the second consecutive session, though another strong rally remains uncertain. In the short term, gold appears to be correcting overbought conditions. Key Levels to Watch Support levels: $2,894, $2,876 Resistance levels: $2,927, $2,941, $2,956
OANDA:XAUUSDLong
by KarinaBella
Candlesticks PatternCandlesticks Pattens - Part -2 *SkyTradingZone* is your go-to source for educational content on trading, covering market insights, strategies, and in-depth analysis. Our goal is to empower traders with knowledge to navigate the markets effectively. --- # *Candlestick Patterns: The Key to Understanding Market Psychology* Candlestick charts are one of the most *powerful tools in trading, providing valuable insights into **market sentiment, reversals, and continuation patterns. They help traders make informed decisions by visualizing **price action* in a structured way. --- ## *1️⃣ Understanding Candlestick Basics* A candlestick represents *price movement within a specific time frame* (e.g., 1 minute, 5 minutes, 1 hour, 1 day). Each candle contains *four key price points*: 📌 *Open* – The price at which the candle starts. 📌 *High* – The highest price reached during the time frame. 📌 *Low* – The lowest price reached during the time frame. 📌 *Close* – The price at which the candle ends. ### *Candlestick Structure:* A *bullish (green)* candle forms when the closing price is higher than the opening price. A *bearish (red)* candle forms when the closing price is lower than the opening price. 🕯 *Wicks (Shadows):* The thin lines above and below the candle body indicate the highest and lowest prices reached during that period. --- ## *2️⃣ Types of Candlestick Patterns* ### *📍 Single Candlestick Patterns* These patterns consist of a *single candle* and indicate potential reversals or continuations. ✅ *Hammer (Bullish Reversal)* - A small body with a long lower wick. - Appears after a downtrend. - Signals strong *buying pressure*. ✅ *Shooting Star (Bearish Reversal)* - A small body with a long upper wick. - Appears after an uptrend. - Indicates *selling pressure* from institutions. ✅ *Doji (Indecision Candle)* - Open and close prices are almost the same. - Indicates *market indecision* and possible reversal. ✅ *Marubozu (Strong Trend Candle)* - No wicks, just a full body. - *Bullish Marubozu* → Strong buying pressure. - *Bearish Marubozu* → Strong selling pressure. --- ### *📍 Double Candlestick Patterns* These patterns involve *two candles* and suggest trend continuation or reversal. ✅ *Bullish Engulfing (Strong Uptrend Signal)* - A small *red* candle followed by a large *green* candle. - The green candle *completely engulfs* the red one. - Indicates *buying pressure* and a potential reversal. ✅ *Bearish Engulfing (Strong Downtrend Signal)* - A small *green* candle followed by a large *red* candle. - The red candle *engulfs the previous green one*. - Signals *strong selling pressure*. ✅ *Tweezer Bottom (Bullish Reversal)* - Two candles with the *same low price*. - Suggests *strong support* and buying interest. ✅ *Tweezer Top (Bearish Reversal)* - Two candles with the *same high price*. - Indicates *resistance* and selling pressure. --- ### *📍 Multi-Candlestick Patterns* These patterns involve *three or more candles* and provide strong trade signals. ✅ *Morning Star (Bullish Reversal)* - A *red candle, followed by a **small indecisive candle, and then a **big green candle*. - Shows *trend reversal from bearish to bullish*. ✅ *Evening Star (Bearish Reversal)* - A *green candle, followed by a **small indecisive candle, and then a **big red candle*. - Indicates a *trend reversal from bullish to bearish*. ✅ *Three White Soldiers (Bullish Continuation)* - Three *consecutive green candles* with higher closes. - Indicates *strong buying momentum*. ✅ *Three Black Crows (Bearish Continuation)* - Three *consecutive red candles* with lower closes. - Signals *strong selling pressure*. --- ## *3️⃣ How to Use Candlestick Patterns in Trading?* Candlestick patterns alone *are not enough; you must **combine them with other factors* for high-probability trades. ### *🔹 Combine with Support & Resistance* - A *bullish engulfing at support* is a strong *buy signal*. - A *shooting star at resistance* is a strong *sell signal*. ### *🔹 Use Volume Confirmation* - *High volume* with a reversal pattern increases its reliability. - *Low volume* means the pattern might fail. ### *🔹 Look for Confluence with Indicators* - *RSI Oversold + Hammer Candle = Strong Buy Signal*. - *Bearish Engulfing + MACD Crossover = Strong Sell Signal*. ### *🔹 Trade with Trend for Best Results* - *Bullish patterns work best in an uptrend*. - *Bearish patterns work best in a downtrend*. --- ## *4️⃣ Common Mistakes Traders Make with Candlestick Patterns* 🚫 *Trading Without Confirmation* – Always wait for the next candle or volume confirmation before entering. 🚫 *Ignoring Market Context* – A single pattern doesn’t guarantee a trend reversal; check the overall trend. 🚫 *Forcing Trades* – Don’t take a trade just because you see a candlestick pattern; wait for confluence with other signals. --- ## *5️⃣ Best Candlestick Strategies for Profitable Trading* ### *📌 Strategy 1: Engulfing Pattern + Support/Resistance* 🔹 Identify a *strong support or resistance level*. 🔹 Wait for a *bullish engulfing pattern at support* or a *bearish engulfing at resistance*. 🔹 Enter a trade with *stop-loss below support (for buy)* or *above resistance (for sell)*. ### *📌 Strategy 2: Hammer Candle + RSI Oversold* 🔹 Find a *hammer candle near a key support zone*. 🔹 Check if *RSI is below 30 (oversold zone)*. 🔹 Enter a *buy trade* when the next candle confirms the reversal. ### *📌 Strategy 3: Marubozu Breakout* 🔹 Find a *marubozu candle breaking a key level*. 🔹 Enter in the *direction of the breakout* after confirmation. 🔹 Place a *stop-loss below the breakout candle*. --- # *Final Thoughts – Mastering Candlestick Patterns for Profitable Trading* Candlestick patterns are an *essential tool for traders* to analyze price action effectively. However, *using them in combination with volume, support & resistance, and technical indicators will increase accuracy*. 📌 *Key Takeaways:* ✔ *Master single, double, and multi-candlestick patterns.* ✔ *Use them with support, resistance, and trendlines for best results.* ✔ *Avoid common mistakes like overtrading or ignoring confirmation.* ✔ *Follow price action and volume to validate trade setups.* By understanding *candlestick psychology, traders can **predict market movements and improve profitability*. --- 🔹 *Disclaimer: This content is for educational purposes only. *SkyTradingZone is not SEBI registered and does not provide financial or investment advice. Please conduct your own research before making any trading decisions.
NSE:BANKNIFTYEducation
by SkyTradingZone
3
EURUSD: Will the bears reverse the trend?Dear Friends! Selling pressure continues to weigh on the US Dollar and encouraged EURUSD to move to a fresh two-week high near 1.0500 following disappointing US Retail Sales figures. Technically, as mentioned on the 3-hour chart, although the uptrend remains supported and the parallel price channel has been broken, there are signs of a potential top forming at 1.053. Current support is around 1.047. If this level is broken, it could send EURUSD lower, potentially reaching 1.041, which would coincide with a test of the 34 and 89 EMAs. Have a nice day and good luck!
Short
by Brian-Trade
1
XAUUSD: Bulls are getting stronger!Hello everyone, let's find out the price of gold today! Yesterday, gold prices fell sharply, with spot gold falling $45.60 to $2,883.10 an ounce. Gold futures were last trading at $2,894.60 an ounce, down $50.70 from this morning. The main reason for the decline was profit-taking pressure. However, the precious metal still recorded its seventh consecutive weekly gain. Gold's gains this week were driven by safe-haven demand as President Donald Trump's plan to impose tariffs on countries that tax US imports raised concerns about a global trade war. On the other hand, Peter Grant, vice president and senior metals strategist at Zaner Metals, added that there are some technical factors at play. Gold’s failure to hit an all-time high on Tuesday may have created a double top and some profit-taking ahead of the weekend, he said. Meanwhile, gold’s rally remains supported by a number of factors including tariffs, underlying inflation and a weaker U.S. dollar.
OANDA:XAUUSDLong
by Brian-Trade
2
EURUSD: buy or sell?EUR/USD continued its recovery on Thursday, rising sharply above 1.0400 as the US Dollar (USD) took a hit. The pair surged amid mixed market sentiment. A major correction in US bond yields, rising trade tensions and a cautious tone from Fed Chair Jerome Powell in his recent testimony added to the complexity of the story. The current trend, coupled with the support of the 34 and 89 EMAs, gives us a bullish outlook for EURUSD. Current resistance is at 1.046 with support at 1.042 and 1.038. A break above the 1.046 resistance would open the way for further upside, as seen on the 1-hour chart. Traders can consider taking long positions.
Long
by Brian-Trade
Gold price trend on February 14, 2025Hello everyone, let's find out how the gold price is doing! Yesterday, gold regained its bullish momentum as predicted and in line with the long-term trend, with the price reaching $2,934 at one point. The main reason for this increase is that the market has almost brushed aside the pessimistic fluctuations from the currency market, stocks, crude oil, etc... and negative economic reports. This is a sign that the demand for safe-haven gold is still strong, possibly including some central banks for gold, amid the uncertainty and concerns about new US trade tariffs, which could slow down global economic growth, supporting gold. As observed closely on the 1-hour chart, we can see that gold is moving above the 34 and 89 EMAs, plus the trend has not been broken yet, giving us a bullish outlook for gold. Gold is trading near the resistance level of 2934 with support near the 34 EMA at 2908. A break above the resistance level of 2934 will open the doors for further upside. Consider taking a long position. Wishing you a profitable trading day!
OANDA:XAUUSDLong
by Brian-Trade
1
GOLD → Trading strategy for 500 PipsHello dear traders, let's discuss and plan our gold trading strategy for today together! Currently, gold is trading around $2913 and performing well within the 1-hour upward channel. The main reason for this price increase is market sentiment, as Trump's tariff policies could potentially trigger a trade war. Additionally, the cryptocurrency market is in crisis, causing investors to seek safe-haven assets like gold. Furthermore, strong gold buying pressure from Asian countries at the start of the year is also driving demand. As shown on the 1-hour chart, gold remains above the EMA 34, 89 lines, confirming a strong bullish trend. Despite positive CPI data for currencies, gold's strong recovery signals that buying pressure has returned. In the short term, we continue to prioritize buy-on-dip strategies :) BUY zones to watch: 2875 - 2880 2850 - 2855 2830 - 2835
OANDA:XAUUSDLong
by Brian-Trade
2
Option Trading with Option chainOption 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. Top options trading strategies Covered call. A covered call is a popular options strategy where you own a stock and simultaneously sell a call option on the same stock. ... Married put. ... Bull call spread. ... Bear put spread. ... Protective collar. ... Long straddle. ... Long strangle. ... Long call butterfly spread.
MCX:CRUDEOIL1!Education
by Optionclub
Advanced Option TradingWhen options are better. Options can be a better choice when you want to limit risk to a certain amount. Options can allow you to earn a stock-like return while investing less money, so they can be a way to limit your risk within certain bounds. Options can be a useful strategy when you're an advanced investor. Yes, profits from intraday trading are considered business income and taxed according to your income tax slab. How is intraday trading taxed? Intraday trading profits are treated as short-term capital gains, added to taxable income, and taxed based on applicable slab rates.
NSE:NIFTYEducation
by SkyTradingZone
3
Options Trading Strategies on Budget Day 2025A Comprehensive Guide on Nifty, Niftybank, and Sensex Options Introduction Trading options on Union Budget day can be an exhilarating yet challenging endeavour. The Indian stock market sees significant volatility on this day, influenced by the budget announcements made by the Finance Minister. This guide will provide insights into trading options on the three major indices in the Indian markets: Nifty, Nifty Bank, and Sensex. We will also analyse the past data of these indices on budget days and examine how India VIX have fluctuated during these days. Based on this data we will deploy 4 delta neutral strategies and see how these strategies have performed on the budget days for all the 3 indices. The basic idea of this study is to find out the optimal strategy that can be deployed on budget day. Also please note since Sensex is a new instrument for weekly options data for the strategies is only available for 2024 Understanding the Major Indices • Nifty: The Nifty 50 index, representing 50 of the largest companies listed on the National Stock Exchange (NSE). • Niftybank: The Nifty Bank index, comprising the most liquid and large capitalized Indian banking stocks. • Sensex: The Sensex or BSE 30 index, representing 30 of the largest and most actively traded stocks on the Bombay Stock Exchange (BSE). Historical Performance on Union Budget Days To make informed trading decisions, it is essential to analyse how these indices have performed on budget days over the past decade. The following tables provide detailed data on the indices' performance, including values for Open, High, Low, Close, and percentage changes from Open to Close and High to Low. Additionally, the tables include India VIX movement throughout the day. Analysing Implied Volatility and India VIX On Union Budget day, implied volatility and the India VIX are crucial indicators to watch. Typically, an IV crush occurs post the Finance Minister's speech, leading to a significant drop in volatility. This section will explore these trends based on historical data and provide insights into how traders can capitalize on these movements. PS: The IV considered here will be the ATM Straddle IV Options Trading Strategies Although multiple options strategies can be deployed on budget day we are going to consider deploying a Directional and a Non-Directional Straddle with protective hedges. We will compare the strategies to see which strategy has given the best back testing performance and we will compare the performance of these strategies for all indices Nifty, Bank Nifty and Sensex. Short Straddles using Wait & Trade A conventional short straddle involves selling an ATM call and an ATM put option. However instead of entering both the legs at once we are going to perform a wait and trade directional straddle. This means that we will enter the call leg or the put leg only when the premium falls below 5%. We will take the reference time of entry as 9:20 am and exit time for the strategy will be 3:25 pm. We will check the reference price of both the calls and put options at 9:20 am for the ATM Straddle strike price. Let us say the Nifty on budget day is trading at 22500 then we will check the premium of the 22500 CE and 22500 PE and note down these prices. Let us say both are trading close Rs 100 each then we will enter only when the price of those options goes below Rs 95 implying that there is some direction in the market. So we will enter only that leg and avoid executing the other leg. If the market takes a direction we are bound to profit from the leg that has been executed. If the market moves up first and then down then it is likely that both the legs will get executed. The stop loss on the individual legs will be 70% each. One can execute this simple strategy via an algo execution platform. Pros: This strategy profits from the decrease in implied volatility and can be profitable if the market remains sideways or directional. Cons: This strategy will tend to loose money in a V-shape or U-shape market since there is a possibility of both stop losses triggering. Iron Butterfly An Iron Butterfly strategy involves selling an ATM straddle and buying protective wings (an OTM call and an OTM put) to limit risk. The offset units will be purely selected on the basis of the breakeven points of the straddle to keep it simple. This strategy is limited risk limited reward strategy. We will execute this strategy on all indices at 9:20 am and exit at 3:25 pm on all budget days. Pros: On budget days the usual tendency of the market is to make some extreme movements but tend to close flat or closer to the open. If on the budget day the market tends to behave in this manner then the strategy turns out to be a high profitable strategy. Cons: On budget day if the market becomes extremely directional then this strategy will end in a limited loss Back tested Results The back tested performance of short straddles and Iron Butterfly on Nifty, Nifty Bank, and Sensex indices are summarized in the following tables. These tables will help traders understand the potential profitability and risks associated with each strategy. For some strategies there is lack of back tested data available, so it is denoted as NA in the column of the strategy name Note: All the strategies deployed as a part of this exercise are time based straddles. To optimize the performance of these strategies one can look at ATM straddle charts and can add some technical indicators such as super trend, vwap or moving averages to plan precision entries and exits for these strategies. The usage of these will definitely help increase the probability of the trade. Please find the link below for your reference with all the data Historical Data Indices.xlsx The software used for backtesting the strategies in StockMock. Conclusion Budget week brings volatility; traders should employ delta neutral strategies to benefit from price fluctuations and implied volatility changes Some of the key highlights of all budget days: 1. Budget week is highly volatile, with significant price movements expected. 2. Historical analysis shows an average 2-2.5% movement from high to low on budget days. 3. Implied volatility typically decreases around 11 AM on budget day. 4. Delta neutral strategies are recommended for traders lacking directional clarity. 5. Various strategies like straddles, strangles, and iron condors can be employed. 6. One should use algo platforms to automate executions since markets will tend to move very fast and in such situations, execution becomes extremely critical 7. Also do your own study by backtesting, forward testing and only then deploy your strategy in the live market Hope you found the above article useful in helping you to prepare yourself in advance for Budget Day. All the best!
NSE:NIFTYEducation
by VishalSubandh
10
Learn option in trading If you buy an options contract, it grants you the right but not the obligation to buy or sell an underlying asset at a set price on or before a certain date. A call option gives the holder the right to buy a stock, and a put option gives the holder the right to sell a stock. Now, the burning question on everyone's mind – how long does it take to learn options trading? Well, it really depends on how much time and effort you're willing to put in. Some people might be able to pick it up in a few weeks, while others might take months or even years to fully grasp the concepts.
NSE:NIFTYEducation
by SkyTradingZone
2
Database TradingEvery trader and investor asks, “Where is the overall market (or a specific security price) headed?” Several methodologies, intensive calculations, and analytical tools are used to predict the next direction of the overall market or of a specific security. Options market data can provide meaningful insights on the price movements of the underlying security. We look at how specific data points pertaining to options market can be used to predict future direction. Typically a trading dataset will provide information about trades that are made over the course of the day. This includes various different details about the trades, such as the bid, bid size and ask size. This information is known as quote data.
NSE:NIFTYEducation
by SkyTradingZone
3
Option And Data Base Trading OptionMetrics provides the highest quality and most comprehensive historical options data on the market today. Leading investment and academic institutions worldwide rely on the accuracy of our options data to measure volatility, assess risk, and analyze investment strategies. By analysing the information provided in the option chain, traders can identify potential trading opportunities and make informed decisions about buying or selling options contracts. Option chains are used by traders to analyse and evaluate the market's expectations of an asset's future price movements.
NSE:NIFTYEducation
by SkyTradingZone
3
Entry at SupportThis trade is based on Exponential Moving Average (9 &15) considered in the Weekly Time Frame. A trade can start at the current level (Entry between 795 to 780). Maximum risk to be considered is 5% to 6%. However a strong Candle closing below 740 level will indicate EXIT from the trade. The stock can show upward movement as below: 1) 1st Target is 20% from current level 2) 2nd Target is 30% from current level 3) 4th Target is 50% from current level . **All targets to be observed in Weekly time frame**
NSE:EMSLIMITEDLong
by umangkrmahato
EUR/USD Technical and Fundamental OutlookAs the week comes to a close, EUR/USD is trading around 1.0575, maintaining its bullish momentum. The pair is moving within an ascending wedge pattern, supported by the EMA 34 and EMA 89, which underscores a steady upward trajectory. From a technical standpoint, the price is holding near the upper boundary of the wedge, with immediate resistance seen at 1.0585. A breakout above this level could pave the way for further upside, targeting the next significant level around 1.0620. This structure signals a potential continuation of the bullish trend if key resistance levels are breached. On the fundamental side, the current uptrend is bolstered by positive sentiment surrounding data from the Eurozone and a weakening demand for the US Dollar. These factors are creating a supportive environment for the Euro, encouraging sustained buying pressure in the pair. Looking ahead, traders should closely monitor the wedge breakout, as it could provide a clearer signal for the pair's trajectory into next week. Whether EUR/USD extends its gains or faces rejection at resistance will largely depend on both technical confirmations and evolving market fundamentals.
Long
by Bo-Samson
GBPUSD todayThe GBP/USD pair remains in a tight range, hovering just below the mid-1.2700s during Friday’s session, as it consolidates its recent three-day rally. This upward movement propelled the pair to its highest level in over three weeks during the previous day. However, traders appear cautious, refraining from placing significant bets ahead of the highly anticipated U.S. Non-Farm Payrolls (NFP) report, which is set to be released later today. The NFP data, a critical barometer for the U.S. labor market, will be closely analyzed for clues regarding the Federal Reserve's interest rate trajectory. Market participants are eager to see how the data aligns with the Fed’s policy outlook ahead of its December meeting. The report is expected to play a pivotal role in shaping near-term sentiment around the U.S. Dollar (USD) and could provide fresh directional impetus for the GBP/USD pair.
Long
by Bo-Samson