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Technical

What is Technical Analysis..?Technical Analysis is the study of price and trend changes in Commodities, Stocks, Futures and various other market instruments. The price changes are primarily evaluated by various indicators, oscillators or trading systems to give a trader an edge in trading. Technical analysis is not a perfect science by any means, but it does have certain characteristics, patterns or indications which may be repetitive or may be intuitive and tend to possess Zen-like predictability power. Technicians plot these prices and price changes on a chart and apply various indicators and studies to figure out potential supply and demand areas, trade setups, targets and stops to win. Technicians have developed various methods of representing market data on charts. The most extensively used charts are bar charts, line charts, candlestick charts and point & figure charts. There are many other variations like Kagi, Renko and Range bar charts. The most basic charts in technical analysis follow simple Cartesian structure (X&Y axes) to draw in 2-Dimensional space. On the X-axis (Horizontal), the time is plotted and on the Y- axis (vertical) the corresponding price is plotted. Any indicators derived from the time and price values, are either overlaid on the chart itself or plotted in secondary-graphs below and above the main price time chart. Some traders plot volume on the X-axis as a representation of market activity. Charts are plotted using various scales such as arithmetic or log charts. Arithmetic charts have the same distance between the prices where as log or semi log charts have a variable distance to represent the proportionate price movements. There are many facets in technical or chart analysis to understand and master. Price, Volume, and Time are the three most basic components of the market. Many successful traders only study price action to make money . Many other traders use complex mathematical theories and faster computer technologies to analyze and participate in the market action. Nevertheless, regardless of any trading theory or complex mathematical algorithm, the success in the markets lies with individual who can clearly understand the price-action and make the decisions to pull the trigger at the right time with excellent discipline . These individuals possess a higher understanding of market theories, market psychology and dynamics and money management methods and have mastered their execution skills. Charts, patterns, indicators and software are only basic market tools. Successful traders view them just as tools and understand the usage. They build a theory and trade with a solid money management plan.
NSE:BANKNIFTY
by SriTrader5121
1
Expecting retracement - Navin fluorineI am expecting retracement in NSE:NAVINFLUOR There are multiple reasons such as - 1. Navin Fluorine is at the Supply zone. The stock fell almost 18% previously at this zone , and we can again expect some sellers to build short positions. 2. Trendline resistance: We can clearly see in the chart that the stock face some resistance previously at the trendline. Yet again it's time to test the trendline. We already can see a red Doji type of candle. 3. Fib retracement: The stock is testing the 61% level of Fibonacci, and it already closed below the 61% level. We can see downside retracement up to 38% (3764) or 50%(3686) making it or targets 4. On 15 min TF, it broke another trendline ( made a new low after consecutive higher highs) and closed below. A gap down / Flat opening can present us good intraday shorting opportunity where the target can be today's low. (Should make LL on smaller timeframe) The trade only executes if it starts to trade below today's low (3915) . Now I can be completely wrong and the market may move opposite to my view, that's why we will use SL if we plan to enter the trade. Disclaimer: This is no trade recommendation and the only reason for me to post this is for educational purposes.
NSE:NAVINFLUORShort
by Dailybulls
AMIROG Bound Range AMIROG stocks are range-bound from 11th Jan 2022 to the present date and it should be continued for March also. This is a better chance to short AMIROG Stock for handsome profit otherwise market is very volatile these days. AMIROG is traveling in a range-bound of average 140. It causes loss for Intraday traders and is best for swing trades to short. It will be a golden opportunity to make themselves portfolios again green and some happiness their faces. Thank You Guru Ghantal Omkar
NSE:AMIORGShort
by omkarstudy2019
BTC/USD PullbackNot a trading or investing recommendation. The below analysis is only for educational purpose. Reason for believing this is a pullback to the 200MA (first target): 1. Price broke the most recent lower high in the recent lower high-lower low structure & is able to sustain above the last lower high. 2. Downtrend line broken. 3. Clear stopping volume & igniting volume seen. 4. All three, Monthly-weekly-daily timeframes showing bullish bias. 5. Massive clearing/Marubozu bar on 4-Feb with tons of volume. 6. Spread between price & 200MA fairly large. From a longer term perspective, until price closes above 200DMA around $49,200, the major trend would still be considered a downtrend. However, if this current up move sustains itself above 200DMA, then the major trend shifts upwards. All the best! Disclaimer- I don't own Bitcoin.
BITSTAMP:BTCUSD
by Venkat_014
Stock With Good Risk To Reward Ratio.Dear Traders, I am happy to Sharing Good Risk to Reward Ratio Stock. IBREALEST is forming Triangle Pattern from past 5 Months. Also whenever it touches trendline buying happens with good Volume. So, those who missed previous supports will be eager to buy it from here. Caution: Nifty and Banknifty may rest or fall further, so, please consider them while take your positions. Happy Trading Guys. Posting it before 2 Days from Monday so you all can analyse it from your side too.
ILong
by HanumanBhkt
3
Bajaj finance limited Bajaj finance has retested in neckline 7472.35. If the price moves up side, SHORT TERM TARGETS TARGET 1 - 7676.09 TARGET 2 - 7842.75 LONG TERM ANALYSIS TARGET 1 - 8416.15 TARGET 2 - 8669.40 If the price fall below neckline stock price can move down up to 6885.30. Fundamentals: For the last ten years revenue and net profit has grown well. Current ratio looks good. Debt equity ratio is high. Interest coverage ratio is low which is not a good sign. Last six years book value has risen from 95.71 in 2014 to 613.71 in 2020.
NSE:BAJFINANCELong
by nihil97