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IRCTC Stock Analysis: Key InsightsDowntrend : IRCTC is following a descending trendline, indicating a bearish phase. A breakout above this trendline could signal a bullish reversal. Support Levels : Immediate: ₹805-810 Stronger: ₹760, followed by ₹690 and ₹637 Resistance Levels : Key: ₹858 Higher: ₹902 and ₹935 Trend Outlook : The stock is consolidating near its lower range, suggesting either an accumulation phase or further downside if ₹760 breaks. Budget Expectations : The government may announce favorable policies or benefits for IRCTC in the upcoming budget, potentially boosting the stock. Stop-Loss Strategy : Traders can use the ₹790-800 level as a stop-loss for long positions to manage risks effectively. Actionable Points: Traders: Watch for a breakout above the trendline for long positions, with ₹790-800 as a stop-loss, or consider shorts below ₹760. Investors: The ₹690-760 zone may be an accumulation area for long-term prospects, especially with possible budgetary support.
NSE:IRCTCLong
by ayusharya_001
EMUDHRA LTD highlights a breakout from from a consolidation zone1. Trend Overview The stock appears to be consolidating after a prolonged Uptrend Current levels (960) suggest the stock is stabilizing near its life time high levels. 2. Key Levels Support Levels: 900 This zone has acted as a psychological and technical support level, holding the recent consolidation movement. Resistance Levels: 970 A small round bottom and closing above this level would confirm a shift to a bullish trend. 3. RSI (Relative Strength Index) The RSI at 69 This indicates a neutral stance with a bullish bias. It shows the stock is neither overbought nor oversold. 4. Volume Analysis Moderate Volume: The current volume shows a significant increase, which is crucial for confirming a breakout. Watch for a volume spike near resistance levels (970) to validate a bullish move. 5. Patterns and Insights Consolidation Phase+ Rounding bottom The price is trading sideways after the recent uptrend, suggesting accumulation. Potential Breakout: A Closing above 970 with strong volume could indicate the continue of a bullish trend. Conclusion The stock is currently in a consolidation phase, awaiting a clear breakout. Traders should focus on the 970 resistance and 900 support zones to determine the next directional move. Disclaimer - The information provided herein is for educational purposes only.
NSE:EMUDHRALong
by Darshilp7
TradingBoth index futures and stock F&Os can be easily understood by tracking Open Interest. Simply put, when Open Interest increases, it means more money is moving into the futures contract, and when open interest drops, it means money is moving out of the contract. The 90/10 strategy, popularized by Warren Buffett, allocates 90% of your portfolio to a low-cost S&P 500 index fund and 10% to short-term government bonds. This aims for long-term growth through stocks while offering stability with bonds.21 May 2024
NSE:DIVISLABEducation
by SkyTradingZone
3
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
silver Divergence TradingTrend lines are among the most accurate buy and sell indicators, along with simple moving average, stochastic, moving average convergence divergence, and relative strength index being the top trading indicators that help traders analyze the market signals effectively. The best divergence indicators mt4 are MACD, RSI, stochastic, OA. They are user-friendly and simple but provide quite accurate trading signals. You can learn more about stochastic oscillator trading forex in the article Stochastic Oscillator: guide for using indicator in Forex trading.
NSE:BANKNIFTY
by SkyTradingZone
3
Kalyan Jewellers India Ltd - Breakout Setup, Move is ON...#KALYANKJIL trading above Resistance of 731 Next Resistance is at 910 Support is at 614 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:KALYANKJILLong
by MandeepSinghKohli
2
Option TradingThe four basics of technical analysis are price, volume, time, and sentiment. Price analysis involves studying historical prices to identify trends and patterns. Volume measures the number of shares traded, indicating the strength of a price movement. Time analysis looks at the duration of price trends and cycles. What are Technical Charts and their types? In Technical Analysis, technical charts are used by professional traders to make an informed decision about the buying and selling of securities. Charts are the graphical representation of a security's price, volume, history and time intervals.
BSE:SENSEXEducation
by SkyTradingZone
Technical AnalysisTechnical analysis is a means of examining and predicting price movements in the financial markets, by using historical price charts and market statistics. It is based on the idea that if a trader can identify previous market patterns, they can form a fairly accurate prediction of future price trajectories. What exactly are the two types of technical analysis? Chart patterns and technical (statistical) indicators are the two main types of technical analysis. Chart patterns are a subjective type of technical analysis in which technicians use certain patterns to indicate regions of support and resistance on a chart.
NSE:HDFCBANKEducation
by SkyTradingZone
Option Database TradingWhen you trade options, you're essentially placing a bet on if a stock will decrease, increase or remain the same in value; how much it will deviate from its current price; and in what time those changes will occur. Based on those parameters, you can choose to enter into a contract to buy or sell a company's stock. 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.
NSE:NIFTYEducation
by SkyTradingZone
Lecher for Option TraderEven if you are a beginner, options trading can be a good call. However, make sure you have an online broker to help you and a margin account ready. When your options trading is approved, the orders can be entered to trade these options. For instance, consider buying a call option for 100 shares of Company X at a strike price of Rs. 110, with an expiry on December 1. If, on December 1, Company X shares trade above Rs. 110, you can exercise the option, buying shares at a lower price to profit from the market price.
MCX:CRUDEOIL1!Education
by SkyTradingZone
Professional option TradingWhen you trade options, you're essentially placing a bet on if a stock will decrease, increase or remain the same in value; how much it will deviate from its current price; and in what time those changes will occur. Based on those parameters, you can choose to enter into a contract to buy or sell a company's stock. Trading options offers a number of benefits for an active trader: Options can offer high returns and do so over a short period, allowing you to multiply your money quickly if your wager is right. With options, it can cost less to get the same exposure to a stock's price movement than it does to buy the stock directly.
NSE:BANKNIFTYEducation
by SkyTradingZone
2