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Crudeoil may turn downside 10.11.24Crude oil as we can see the candle of friday Bears took over the bulls and also if you see last week candle the bulls are unable to sustain the upward trend , also close on friday was below prev days (thursday 8.11.24) close
Note This view is only for study purpose trade with the advice of your consultant
Bearish trend in Nifty(Weekly) (In Hindi)NSE:NIFTY On Indices analysis, we are looking at some of the top Indices at the weekly level. It is clearly visible that Nifty is on the bearish side and holding at key support. The next key support could be 23,500. Last week's bearish candle somewhat engulfed the previous bullish candle, confirming the downtrend.
The rest of the other Indices are also looking at a downward trend with a few exceptions like IT, Pharma & Metal, which have made a double top pattern for a trend reversal.
XAUUSD | BTCUSD | MAJOR PAIRS | WEEKLY ANALYSIS | 09 NOV | HINDIThanks for watching today's Forex and crypto market analysis!
In this video, I break down the latest price action movements for major Forex pairs, Bitcoin (BTC), and Gold. I focus purely on price action to help identify key levels and potential trade opportunities. If you enjoyed the content, please like, subscribe, and hit the notification bell for daily updates on the markets.
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ADVANCED OPTION TRADING Nifty option chain is considered to be the best advance warning system of sharp moves or break outs in the index.
An option chain will consist of both call and put options, along with other details. Option chain trades are more informed, as investors can compare different contracts. It can help investors view the strike price, bid price, ask price, volume, and other details for available contracts.
OPTION DATABASE TRADING An option chain is a comprehensive list that shows you all available option contracts for a given stock. These are sorted by their expiration date, which is the last day you can trade or use the option, and strike price, which is the price at which you can buy (call) or sell (put) the stock.
Nifty option chain is considered to be the best advance warning system of sharp moves or break outs in the index.
DMR is working fine ( took part in Competition)Hello,
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Channel breakout with strong bullish candle in JSW Steel(Hindi)NSE:JSWSTEEL A strong channel breakout with a big bullish candle has emerged in JSW Steel with strong volume support. 44 EMA is also about to cross the bullish candle reaffirming the bullish signal.
A SL of 945-947 with a target of ATH and above is recommended.
The rest of the video is explained in Hindi
Technical Analysis Part - 3Volume can confirm divergence signals by indicating the strength and conviction behind price movements. High volume during divergence signals strengthens the reliability of the signal, while low volume may indicate weaker market sentiment.
The basic rule of thumb is that an RSI value over 70 indicates a stock is “overbought” and may see its price fall in the future. Meanwhile, an RSI value of 30 or lower can mean that the price could go up. An RSI of 50 is often seen as neutral, meaning the stock has not been either overbought or oversold.
Technical Analysis Part - 2The RSI provides immediate signals for buying and selling, helping you understand whether an asset is overbought or oversold. RSI readings below 30 signal buy opportunities, indicating the asset is undervalued. Conversely, RSI readings above 70 signal sell opportunities, suggesting the asset is overvalued.
Volume can confirm divergence signals by indicating the strength and conviction behind price movements. High volume during divergence signals strengthens the reliability of the signal, while low volume may indicate weaker market sentiment.
Technical Analysis Part - 1An RSI divergence occurs when price moves in the opposite direction of the RSI. In other words, a chart might display a change in momentum before a corresponding change in price. A bullish divergence occurs when the RSI displays an oversold reading followed by a higher low that appears with lower lows in the price.
The RSI provides immediate signals for buying and selling, helping you understand whether an asset is overbought or oversold. RSI readings below 30 signal buy opportunities, indicating the asset is undervalued. Conversely, RSI readings above 70 signal sell opportunities, suggesting the asset is overvalued.
Technical Analysis Part - 4The MACD is a momentum indicator that can be used to anticipate changes in market sentiment. However, it is not foolproof: experienced traders look to other metrics, such as trading volume, for a more complete perspective on market sentiment.
Key Takeaways
The moving average convergence divergence (MACD) is a popular momentum indicator that is used in technical analysis.
The MACD is calculated by comparing exponential moving averages in a security's price.
The MACD line is charted alongside a nine-day moving average of the MACD line, called the signal line, and a histogram representing the difference between these two curves.
Traders use the MACD histogram to anticipate changes in market momentum.
MACD analysis can still generate false price predictions. Experienced traders use additional metrics and fundamental analysis to support their forecasts.