Himadri Speciality Chemical Ltd. Himadri Speciality Chemical Ltd. is a leading player in the chemical industry, primarily engaged in the manufacturing of carbon materials and chemicals.
Profitability: The company's profitability has been on an upward trajectory, with significant growth in net profit margins and overall financial stability.
Technical Analysis: On the technical front, Himadri Speciality Chemical Ltd. is exhibiting a Head and Shoulders pattern on the daily time frame, indicating a potential target of 670++
Community ideas
WAAREE ENERGY TECHNICAL CHART FOR SWING TRADINGWAAREE ENERGY TECHNICAL CHART FOR SWING TRADING ,The chart shows significant fluctuations in price with a peak near ₹4,200 and a recent low around ₹2,800.
A possible reversal is marked with a blue arrow, indicating a potential upward breakout from the triangle.
Container corp Swing low long Daily chart Container Corp Chart resistance is near 765. The Daily chart HH HL Candle indicates a Swing Trade is possible on the Current level of 783 for Target 860, which is the previous top. The last two days' volume has also been good—risk to risk-reward ratio is also 1: 3.5 ( SL 760)
BITCOIN NEXT POSSIBLE MOVE (30 MINUTES CHART ANALYSIS)This article analyzes potential future price movements for Bitcoin. My analysis indicates that a breach of the $94,000 support level would likely trigger a downward trend, with the next support level anticipated at $92,500.
Note: I am not a certified trader. Use this analysis on your own risk.
LUCID TRAFFIC SIGNALThe "LUCID TRAFFIC SIGNAL" indicator is designed to provide a clear visual representation of market trends and potential price zones. By analyzing multiple timeframes, it highlights significant levels that can guide traders in identifying bullish, bearish, and neutral market conditions. The indicator uses color-coded lines to mark key price levels for different timeframes, helping traders make more informed decisions with ease.
This tool is ideal for those who want a straightforward, visually appealing way to monitor market dynamics and align their strategies with prevailing trends. Whether you're a day trader or a long-term investor, the "LUCID TRAFFIC SIGNAL" ensures you're equipped to navigate the markets confidently.
technical analysis in tradingTechnical analysis seeks to predict price movements by examining historical data, mainly price and volume. It helps traders and investors navigate the gap between intrinsic value and market price by leveraging techniques like statistical analysis and behavioral economics.
What are the best technical analysis indicators for day traders? The best technical indicators for day trading are the RSI, Williams Percent Range, and MACD. These measurements show overbought and oversold levels on a chart and can help predict where a price is likely to go next, based on past performance.
The relative strength index (RSI)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.
how to draw support & resistance Open a price chart. The first step is to identify the instrument you want to analyze. ...
Find the significant highs and lows. ...
Draw the support and resistance lines. ...
Check for validity. ...
Support. ...
Resistance. ...
Horizontal support and resistance levels. ...
Trendline support and resistance.
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.
Database trading Results show that migration to a MongoDB database would be most beneficial in terms of cost, storage space, and throughput. In addition, organisations wishing to take advantage of autoscaling and the maintenance power of the cloud should opt for a cloud native solution.
Charges / registration: The online database ist free. A registration or a subscription is possible but not necessary. Registered users can download larger amounts of data per extraction and can save the data extractions in their own profile. Monthly Comtrade database requires registration.
Option 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.
When 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.
technical lecture class 2Technical analysis is a trading strategy used by investors to identify new investment possibilities. To anticipate future price movements of stocks or other assets, for example, past price and volume data is studied and shown on graphic charts, where trends, patterns, and technical indicators can be identified.
Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future.
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.
High PCR (> 1) - This indicates more put options are being traded than call options, suggesting a bearish sentiment, and traders expect the market to go down. Low PCR (< 1) - This indicates more call options are being traded than put options, suggesting a bullish sentiment, and traders expect the market to go up.
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.
LUCID TRAFFIC SIGNALThe "LUCID TRAFFIC SIGNAL" indicator is designed to provide a clear visual representation of market trends and potential price zones. By analyzing multiple timeframes, it highlights significant levels that can guide traders in identifying bullish, bearish, and neutral market conditions. The indicator uses color-coded lines to mark key price levels for different timeframes, helping traders make more informed decisions with ease.
This tool is ideal for those who want a straightforward, visually appealing way to monitor market dynamics and align their strategies with prevailing trends. Whether you're a day trader or a long-term investor, the "LUCID TRAFFIC SIGNAL" ensures you're equipped to navigate the markets confidently.
Potential Long Sector Turnaround - Nifty FMCG
Nifty FMCG has given a healthy correction of ~16% and is trading at a crucial make or break level.
Its following a broadening channel pattern and has reached the bottom level of the megaphone channel, which gives a favorable risk/reward ratio to initiate a position.
It has formed a head & shoulder pattern also, but its trading near the base of a major support level so the probability of this pattern turn around is low, this can potential lead to a trap which might be a favorable condition to initiate a long position, but as its a assumption position to be initiated with a strict SL if H&S pattern gets activated.
Long Position can be initiated in FMCG ETF once we gets a positive close or early entry can be initiated maintaining a strict SL.
Note: This is just for analysis purpose, please do your own research before punching any orders.
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PLAN GOLD 27/12Analysis of the Current Strategy (XAU/USD - Gold)
1. Price Levels:
• Resistance Zones:
• Around 2,649.986 and 2,653.504 (marked in the upper region).
• Support Levels:
• Immediate support near 2,626.863.
• Major support near 2,529.570 - 2,528.831.
2. Mitigation Block:
• A key mitigation block is identified slightly above 2,641.994.
• This suggests a potential supply zone where sellers may become active.
3. Chart Patterns:
• An ascending wedge pattern is forming, which indicates price consolidation and potential exhaustion.
• This pattern suggests that the price may experience a breakout or reversal soon, especially near resistance levels.
4. Volume Profile:
• Significant volume observed near 2,636.006 indicates heavy activity, possibly a key pivot zone.
• Volume decreases in higher price regions, showing reduced participation from buyers as the price approaches resistance.
5. Market Context:
• Bullish Momentum: Current price action indicates a gradual upward movement, retesting higher levels.
• However, resistance around 2,649.986 might act as a cap, leading to a potential pullback.
6. Trade Idea:
• Sell Scenario: Look for rejection signs or bearish candles near 2,649.986 or in the mitigation block. Targets could be around 2,626.863 or lower.
• Buy Scenario: If the price finds strong support near 2,626.863 with volume backing, a rebound towards 2,641.994 or higher could be viable.
7. Key Levels to Watch:
• Entry Zone: Near the mitigation block (2,641.994).
• Stop Loss: Above 2,653.504 for short trades.
• Take Profit: Around 2,626.863 for shorts or 2,649.986 for longs.
Bitcoin goes down 27.12.24Scenario 1: Sell Trade
Idea: Wait for the price to reach the FVG H1 zone (97,293.79 - 98,567.87) or the Supply Zone for a selling opportunity when reversal signals appear.
Entry Point:
Sell within the price range: 97,300 - 98,500 (inside the FVG H1 zone).
Look for reversal candlestick patterns like Doji, Shooting Star, or Bearish Engulfing for confirmation.
Stop Loss (SL):
Place the SL above the Supply Zone at 99,600 to avoid being stopped out if the zone gets tested.
Take Profit (TP):
Target 1: 95,400 (Fibonacci 0.618 level, near the Demand H1 zone).
Target 2: 94,100 - 93,500 (Demand H1 zone, coinciding with Fibonacci 0.786 - 0.86 levels).
Risk-to-Reward Ratio (R:R):
For Entry at 97,300 and SL at 99,600:
TP1: R:R ~ 2.2.
TP2: R:R ~ 4.2.
Scenario 2: Buy Trade
Idea: Wait for the price to drop into the Demand H1 or the broader Demand Zone for a buying opportunity when bullish signals appear.
Entry Point:
Buy within the price range: 94,100 - 93,500 (inside the Demand H1 zone).
Look for bullish reversal candlestick patterns like Hammer or Bullish Engulfing.
Stop Loss (SL):
Place the SL below the Demand Zone at 93,200 to avoid being stopped out in case of a deeper retracement.
Take Profit (TP):
Target 1: 96,200 (Fibonacci 0.5 level).
Target 2: 97,300 - 98,500 (FVG H1 zone, nearest resistance).
Risk-to-Reward Ratio (R:R):
For Entry at 94,100 and SL at 93,200:
TP1: R:R ~ 2.1.
TP2: R:R ~ 3.8.
Notes:
Risk Management: Only risk 1-2% of your capital per trade.
Signal Confirmation: Wait for price action confirmation or supporting indicators like RSI or MACD to improve the probability of success.
Trading Psychology: Stick to the plan and avoid entering trades if the price doesn’t reach your desired zones.
Greaves Cotton getting accumulated for Positional Trade.NSE:GREAVESCOT is getting accumulated for Positional Trade, as per the price action and volume analysis in the past few days since its subsidiary IPO was announced. MACD and RSI have been overheated but positive.
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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Crude swll given near 6050 , Target 5945,5905,5850,5810Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks Trailing SL (SL 27.2 % )retracement Which is SL points then take Entry on Buy or Sell Trade
SL -
D points Which is recent High / Low mentioned in Chart is our SL
TARGET -
Target 1- (T1 : 38.2)
Target 2- (T2 : 50 %)
Target 3- (T3 : 61.8%)
Target 4- (T4 : 78.6%)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
"Mastering the Path to Becoming the World’s Best Trader"Becoming the best trader in the world is an ambitious goal that requires a mix of knowledge, discipline, resilience, and strategic decision-making. Here’s a roadmap to guide you:
1. Build a Strong Foundation
Learn the Basics: Understand trading instruments (stocks, forex, options, futures, etc.), markets, and economic indicators.
Study Trading Strategies: Explore fundamental analysis (company performance, economic data) and technical analysis (charts, patterns, indicators).
Educate Yourself: Read books like "The Intelligent Investor" by Benjamin Graham, "Trading in the Zone" by Mark Douglas , or "Market Wizards" by Jack Schwager . Take courses or attend seminars.
2. Develop a Trading Plan
Define Your Goals: Are you aiming for short-term gains (day trading) or long-term wealth (investing)?
Risk Management: Set rules for position sizing, stop-losses, and risk-to-reward ratios. Never risk more than you can afford to lose.
Choose a Niche: Focus on a market or strategy you understand well (e.g., swing trading stocks, scalping forex).
3. Practice and Gain Experience
Paper Trading: Start with a demo account to test your strategies without risking real money.
Start Small: Begin with a small account and gradually increase your investment as you gain confidence and skill.
Keep a Trading Journal: Document every trade—what worked, what didn’t, and why.
4. Master Emotional Discipline
Control Greed and Fear: Emotional trading leads to mistakes. Stick to your plan.
Be Resilient: Accept losses as part of the process and learn from them.
Stay Patient: Success takes time and perseverance.
5. Stay Informed
Market News: Follow financial news, economic reports, and geopolitical events that affect markets.
Continuous Learning: Markets evolve, so stay updated on new strategies, tools, and technologies.
6. Leverage Technology
Use Tools: Learn to use trading platforms, charting software, and algorithmic trading systems.
Automate Strategies: Explore algorithmic trading or bots if you’re comfortable with programming.
7. Network and Learn from Others
Automate Strategies: Explore algorithmic trading or bots if you’re comfortable with programming.
Join Communities: Engage with other traders on forums, social media, or local meetups.
Mentorship: Find a mentor or follow experienced traders to gain insights and avoid common pitfalls.
8. Be Ethical and Authentic
Integrity: Build trust by trading honestly. Manipulative or unethical practices can harm your reputation.
Personal Growth: Focus on consistent improvement rather than comparison with others.
9. Diversify and Adapt
Expand Markets: Once skilled, diversify into different markets or instruments.
Adapt Strategies: Adjust your trading style as market conditions change.
10. Aim for Mastery
Deep Expertise: Study and refine your trading niche to become a thought leader.
Share Knowledge: Write books, teach, or mentor others to cement your expertise.
Innovate: Develop unique strategies or systems that differentiate you.
Success in trading is a marathon, not a sprint. It requires consistent effort, adaptation, and humility. With dedication and perseverance, you can work toward becoming one of the best in the world
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