Get started

Techincalanalysis

Banknifty Professional Trading Setup Here are some things to know about the MACD histogram and divergences: Divergence A divergence occurs when the price action and momentum are not acting together. For example, if the price is making lower highs, but the histogram is making higher lows, this is a divergence. Types of divergences There are two types of divergences: peak-trough and slant. Bullish divergence A bullish divergence occurs when the MACD forms two rising lows that correspond to two falling lows in the price. Bearish divergence A bearish divergence occurs when the MACD forms two falling highs that correspond to two rising highs in the price. Histogram bars The length of the histogram bars indicate the relationship between the two moving averages. When the moving averages are moving away from each other, the bars are longer, and when they are getting closer, the bars are shorter. MACD The MACD is a momentum indicator that shows the relationship between two moving averages of prices. It's calculated by taking the difference between a 26-day and 12-day exponential moving average.
NSE:BANKNIFTYEducation
by SkyTradingZone
1
SHREE RENUKA SUGARAll important points are marked. 𝐃𝐢𝐬𝐜𝐥𝐚𝐢𝐦𝐞𝐫: 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐢𝐧 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞 𝐬𝐮𝐛𝐣𝐞𝐜𝐭 𝐭𝐨 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐢𝐬𝐤𝐬, 𝐫𝐞𝐚𝐝 𝐚𝐥𝐥 𝐭𝐡𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐝𝐨𝐜𝐮𝐦𝐞𝐧𝐭𝐬 𝐜𝐚𝐫𝐞𝐟𝐮𝐥𝐥𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠. 𝐒𝐭𝐨𝐜𝐤𝐬 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐠𝐫𝐨𝐮𝐩 𝐚𝐫𝐞 𝐟𝐨𝐫 𝐞𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐩𝐮𝐫𝐩𝐨𝐬𝐞. 𝐖𝐞 𝐝𝐨𝐧𝐭 𝐦𝐚𝐤𝐞 𝐚𝐧𝐲 𝐩𝐫𝐨𝐟𝐢𝐭𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐢𝐬 𝐫𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝𝐚𝐭𝐢𝐨𝐧𝐬 𝐞𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠 𝐬𝐡𝐚𝐫𝐞𝐝 𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐥𝐲 𝐨𝐟 𝐟𝐫𝐞𝐞 𝐨𝐟 𝐜𝐨𝐬𝐭.
NSE:RENUKALong
by sreekumars
5
How to Draw Support and Resistance Like a Pro! Support and Resistance are one of the most important aspects of technical analysis but often I see traders doing it wrongly. How to Draw Support and Resistance: Imagine you have a chart filled with SR like the one below. Do you know which levels to pay attention to? When you’re about to start, how to plot support and resistance lines? It’s filled with nothing but lines and it doesn’t seem to make much meaning of the chart at all. nah My approach to drawing Support and Resistance uses either 1 line or 2 lines. It is much cleaner and immediately tells you which area of the chart to pay attention to. I use a single line when price respect a level almost to the pip and i use 2 lines when price bounces off an area. I highlight only the key Support and Resistance of a chart meaning the obvious swing highs and lows. The intermediate SR i will not draw any lines so as to maintain my focus on the key areas. Besides, with enough screen time you can easily identify those intermediate Support and Resistance without any lines. real world… You must keep in mind of the R.S.M. formula. These three things stands for: Reaction Setup Management Now take notes because this is important… Reaction Here’s the truth: Drawing support and resistance lines aren’t the holy grail.
NSE:BANKNIFTYEducation
by EmpireCrown
VedantaAll important points are marked. 𝐃𝐢𝐬𝐜𝐥𝐚𝐢𝐦𝐞𝐫: 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐢𝐧 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞 𝐬𝐮𝐛𝐣𝐞𝐜𝐭 𝐭𝐨 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐢𝐬𝐤𝐬, 𝐫𝐞𝐚𝐝 𝐚𝐥𝐥 𝐭𝐡𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐝𝐨𝐜𝐮𝐦𝐞𝐧𝐭𝐬 𝐜𝐚𝐫𝐞𝐟𝐮𝐥𝐥𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠. 𝐒𝐭𝐨𝐜𝐤𝐬 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐠𝐫𝐨𝐮𝐩 𝐚𝐫𝐞 𝐟𝐨𝐫 𝐞𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐩𝐮𝐫𝐩𝐨𝐬𝐞. 𝐖𝐞 𝐝𝐨𝐧𝐭 𝐦𝐚𝐤𝐞 𝐚𝐧𝐲 𝐩𝐫𝐨𝐟𝐢𝐭𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐢𝐬 𝐫𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝𝐚𝐭𝐢𝐨𝐧𝐬 𝐞𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠 𝐬𝐡𝐚𝐫𝐞𝐝 𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐥𝐲 𝐨𝐟 𝐟𝐫𝐞𝐞 𝐨𝐟 𝐜𝐨𝐬𝐭.
NSE:VEDLLong
by sreekumars
BPCLAll important points are marked. 𝐃𝐢𝐬𝐜𝐥𝐚𝐢𝐦𝐞𝐫: 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐢𝐧 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞 𝐬𝐮𝐛𝐣𝐞𝐜𝐭 𝐭𝐨 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐢𝐬𝐤𝐬, 𝐫𝐞𝐚𝐝 𝐚𝐥𝐥 𝐭𝐡𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐝𝐨𝐜𝐮𝐦𝐞𝐧𝐭𝐬 𝐜𝐚𝐫𝐞𝐟𝐮𝐥𝐥𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠. 𝐒𝐭𝐨𝐜𝐤𝐬 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐠𝐫𝐨𝐮𝐩 𝐚𝐫𝐞 𝐟𝐨𝐫 𝐞𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐩𝐮𝐫𝐩𝐨𝐬𝐞. 𝐖𝐞 𝐝𝐨𝐧𝐭 𝐦𝐚𝐤𝐞 𝐚𝐧𝐲 𝐩𝐫𝐨𝐟𝐢𝐭𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐢𝐬 𝐫𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝𝐚𝐭𝐢𝐨𝐧𝐬 𝐞𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠 𝐬𝐡𝐚𝐫𝐞𝐝 𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐥𝐲 𝐨𝐟 𝐟𝐫𝐞𝐞 𝐨𝐟 𝐜𝐨𝐬𝐭.
NSE:BPCLLong
by sreekumars
International Conveyors LtdInternational Conveyors Ltd Incorporated in 1973, International Conveyors Limited (ICL) is engaged in the manufacturing and marketing of solid woven PVC covered conveyor belts. These belts are fire retardant, antistatic and are mainly used in underground mines for transportation of minerals such as Coal & Potash . FUNDAMENALS: Market Cap₹ 651 Cr. Current Price₹ 103 ROCE 23.8 % ROE23.8 % Debt to equity0.46 EPS₹ 12.6 Promoter holding 68.6 % Quick ratio 0.90 Current ratio1.08 Profit Var 3Yrs 51.7 % Sales growth 3Years-7.51 % TECHNICALS: RSI POSITIVE AND ENTER IN MOMENTUM ZONE. LONG TERM BULLISH PATTERN
NSE:INTLCONVLong
by Momentuminvesting5540
4
Banknifty , Crude oil and Copper Divergence Divergence is a technical analysis concept that occurs when the price of an asset and a technical indicator move in opposite directions. It's a sign that the price of an asset may be reversing, and it can help traders recognize and react to price changes. Here are some things to know about divergence: #Types of divergence There are two types of divergence: negative and positive. Negative divergence happens when the price of a security is rising, but an indicator is falling. Positive divergence happens when the price of a security is falling, but an indicator is rising. #When to use divergence Divergence can help traders make decisions like tightening stop-loss or taking a profit. #How to confirm reversals Divergence can occur over a long period of time, so traders can use other tools like trendlines and support and resistance levels to confirm reversals. #When to use convergence Convergence is when the price of an asset, indicator, or index moves in the same direction as a related asset, indicator, or index
NSE:BANKNIFTYEducation
by SkyTradingZone
3
Life of a Trader / Option's // StocksEmotional reactions Overcoming your emotions is another hurdle you may encounter as a new trader. You may make impulsive decisions out of greed, fear, anger, frustration, or excessive optimism. This can lead to losses, which in turn can reduce your confidence. To ensure you don't fall into the trap of your emotions, chalk out a detailed and rule-based strategy and try to follow it strictly. Review your trades regularly to learn from your mistakes and build stable trading behaviour. You can keep a trading journal and implement stop-loss orders to reduce emotional influence on your trading decisions. Overtrading Another common challenge that can come your way is the temptation to overtrade. You may feel tempted to overtrade to earn higher earnings or overcome losses quickly. However, more trades don’t necessarily translate into more money. Overtrading can increase your risk exposure and increase transaction costs. To overcome the temptation to overtrading, you can set predefined limits on daily or weekly trades and take a break when you reach the limit. You must also ensure that you engage in trades that align with your strategy and do not prioritise quantity over quality. Impatience As a new trader, you may lack the patience to stick to your trading strategy, especially during market fluctuations. You may opt for premature exits if gains don't materialise as quickly as expected. However, success in trading does not come overnight. You must wait for the right opportunities and patiently endure losses and phases of stagnation. A solution to this problem is to have a solid trading strategy with clear entry and exit criteria. Have faith in your plan and give it the time to work. Avoid changing your strategy too often. Once you have a solid strategy, be patient, wait for the right time and grab your opportunity. Poor risk management The stock market is highly volatile and unpredictable. One day, a stock can rise by 20% and plummet suddenly the following day. Such frequent changes in the price of an asset can overwhelm you. It also makes it challenging to plan your strategy and manage risks. You may feel tempted to chase high returns and take excessive risks. However, this can wipe out your capital in no time. This is why risk management is important in trading. Make sure your trades align not only with your strategy but also your risk profile. Before placing a trade, analyse your risk-per-trade and reward-to-risk ratio. Diversify investments to spread risks across different sectors and assets to protect your capital. Include clear entry and exit points and an emergency way in your strategy. Using stop-loss orders can also help tackle risks and minimise losses. Conclusion The stock market is both alluring and daunting. Without proper knowledge and skills, you may incur losses and even quit prematurely if things don't go as expected. However, understanding the challenges beginners often face and learning to overcome them can illuminate your path to success.
NSE:BANKNIFTYEducation
by EmpireCrown
National aluminium multi pattern trade idea National Aluminium trades within a broader rising wedge pattern, marked by the red lines. A counter-trendline (solid white line) also comes into play, indicating a shorter-term resistance zone. The stock recently broke through one of the dotted hidden lines, but it's still facing resistance from the upper hidden trendline, keeping it just below a key breakout point. The formation of higher lows, highlighted by the yellow circles, signifies strength in price action and building momentum. Today's volume surge, notably higher than average, adds weight to the bullish sentiment. However, a significant breakout could only be confirmed once the price clears the last hidden line of resistance. Watching closely for this potential move
NSE:NATIONALUMLong
by Averoy_Apoorv_Analysis
BoJ Delays Rate Hike, Japanese Yen Faces Downward PressureHow's everyone's Tuesday going? Today, let's join Alisa in predicting how the USD/JPY pair is moving. The Japanese Yen is facing significant downward pressure, primarily due to market concerns that the Bank of Japan (BoJ) is not in a hurry to raise interest rates. Additionally, although the Yen remains more stable against the USD, expectations of the Fed cutting interest rates are also contributing to the Yen's weakness. According to the technical chart, if the price fails to break through the resistance level of 144.290 USD/JPY, it is likely to correct down to the support zone at 143.290 USD/JPY. Traders should be cautious and set appropriate stop-loss orders to mitigate risk. These are Alisa’s thoughts. Do you agree with me?
by Alisa_Rokosz
Special Situation Pick - Aavas Financiers Ltd. (Open Offer)- A Techno - Funda pick for medium to long term with a risk (stoploss) of 7% from CMP i.e., 1766(Open offer price). - Technically a Stage 2 stock with a double bottom (more likely that this will work) - With Fed rate cuts RBI likely to cut rates as well, Affordable housing finance companies likely to benefit from rate cuts as it will decrease cost of borrowing for them. - Fundamentally also a cheap valuation company compared to peers. - A company with a solid management track record. # Just for information purpose. Please DYDD. Happy Trading Readers!
NSE:AAVASLong
by itsabeinghumanything
HDFC BANK ( Looking goog to invest); small stoploss is enough;For short term investment ; Leave a " Like If you agree ".👍 . Wait for small retracement & daily candle to close above - "1650". Trade carefully untill ENTRY level. . Entry: 1655 / 1640 target: 1675- 1700- 1750 sl: 1640 / 1630 major stoploss/ support: 1600 . . Enter only if market Breaks "Yellow box" mentioned. . . Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency " 💹 Refer our old ideas for accuracy rate🧑‍💻 Follow for daily updates👍 . Refer old posted idea attached below.
NSE:HDFCBANKLong
by TheNuraTrading
Campus Activewear LtdCampus Activewear Ltd was incorporated on September 24, 2008, and is one of India’s largest sports and athleisure footwear brands in terms of value and volume. The company manufactures and distributes a variety of footwear like Running Shoes, Walking Shoes, Casual Shoes, Floaters, Slippers, Flip Flops, and Sandals, available in multiple colors, styles, and at affordable prices. FUNDAMENTALS :GREAT .NOW VALUATION IS ALSO RESONABLE. Market Cap₹ 10,913 Cr. Current Price₹ 357 ROCE 16.7 % ROE14.9 % Profit Var 3Yrs 49.5 % Sales growth 3Years26.8 % Promoter holding 73.9 % as per chart reading there is huge volume came in this month and momentum also in positive zone. Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation. If you like my ideas than like boost and follow me for more ideas. Thanks and comment freely
BSE:CAMPUSLong
by Momentuminvesting5540
1
Histogram(MACD) Divergence Trading Let us discuss the MACD indicator strategy and histogram. I know being a chartist you are familiar with this tool. Hence I hope this will be a revision for you. Assuming you already know this topic, you should know that MACD Histogram is derived from MACD. To me, it is the effect of MACD (cause), without which MACD Histogram would not have been born. I hope you can relate it to the previous paragraph. If not, no problem. Carry on reading. But before proceeding further I would request you to recapitulate MACD (moving average convergence divergence). Thanks for converging your thoughts with that of mine. I am glad. It will help me to explain this article without taking the additional burden. MACD Histogram Peak-Trough Divergence By now you must have understood how the histogram dances to the tunes of prices. If one looks at it closely then one can easily identify the divergences. You will notice that a peak and trough divergence is formed with two peaks or two troughs in the MACD Histogram. Usually, it can be segregated into two parts, i.e. bullish peak and trough divergence and bearish peak and trough divergence. Alright, I will explain you in short. Bullish Peak-Trough Divergence It is formed when MACD makes a lower low and on the contrary, MACD-Histogram makes a higher low. One thing you should keep in mind, i.e., well-defined troughs define the health of a bullish peak-trough divergence. bullish peak trough divergence Bearish Peak-Trough Divergence It is formed when MACD makes a higher high and on the contrary MACD Histogram makes a lower high. One thing you should keep in mind, i.e., well-defined peaks define the health of a bearish peak-trough divergence.
NSE:BANKNIFTYEducation
by SkyTradingZone
2
Axis BankAdjusted Target of Axis Bank. 𝐃𝐢𝐬𝐜𝐥𝐚𝐢𝐦𝐞𝐫: 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐢𝐧 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞 𝐬𝐮𝐛𝐣𝐞𝐜𝐭 𝐭𝐨 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐢𝐬𝐤𝐬, 𝐫𝐞𝐚𝐝 𝐚𝐥𝐥 𝐭𝐡𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐝𝐨𝐜𝐮𝐦𝐞𝐧𝐭𝐬 𝐜𝐚𝐫𝐞𝐟𝐮𝐥𝐥𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠. 𝐒𝐭𝐨𝐜𝐤𝐬 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐠𝐫𝐨𝐮𝐩 𝐚𝐫𝐞 𝐟𝐨𝐫 𝐞𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐩𝐮𝐫𝐩𝐨𝐬𝐞. 𝐖𝐞 𝐝𝐨𝐧𝐭 𝐦𝐚𝐤𝐞 𝐚𝐧𝐲 𝐩𝐫𝐨𝐟𝐢𝐭𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐢𝐬 𝐫𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝𝐚𝐭𝐢𝐨𝐧𝐬 𝐞𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠 𝐬𝐡𝐚𝐫𝐞𝐝 𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐥𝐲 𝐨𝐟 𝐟𝐫𝐞𝐞 𝐨𝐟 𝐜𝐨𝐬𝐭.
NSE:AXISBANKLong
by sreekumars