Journey of Advanced Divergence TradingCommon types of trading are intraday, positional, swing, long-term trading, scalping, and momentum trading. Trading involves exchanging goods or services. In stock trading, investors buy and sell stocks from companies within regulated markets overseen by Indian regulatory bodies.
Master these skills and then you'll get a genuine shot at being a trading master.
Skills #1 and #2 – Research and Analysis. ...
Skill #3 – Adapting Your Market Analysis to Changing Market Conditions. ...
Skill #4 – Staying in the Game. ...
Skills #5 and #6 – Discipline and Patience. ...
Bonus Skill #7 – Record Keeping. ...
In the End.
Technicalindicators
Professional Trading MindsetOne of the most important psychological characteristics of winning traders is the ability to accept (1) risk and (2) the fact that you may well be wrong more often than you are right in initiating trades. Winning traders understand that trade management is actually a more important skill than market analysis.
How to trade professionally?
Start with a clear and concise plan with proven strategies and then leverage the 20 rules that follow.
Stick to Your Discipline. ...
Lose the Crowd. ...
Engage Your Trading Plan. ...
Don't Cut Corners. ...
Avoid the Obvious. ...
Don't Break Your Rules. ...
Avoid Market Gurus. ...
Use Your Intuition.
Option Data Trading– Option Chain Analysis can be used to find out the actual trend of the particular stock or index. Usually institutions and big funds sell options. By finding out which strike has more open interest, we can actually understand the support and resistance levels of a security (be it stocks or indices) for that expiry.
How to do option analysis? Option analysis involves studying various parameters like strike prices, premiums, implied volatility, open interest, and time decay. Combining this data with technical and fundamental analysis helps assess potential trade setups and risks.
Nupur Recyclers looking good; short term inv;Min 75% RoiHuge potential is there.
For short term investment ;
Leave a " Like If you agree ".👍
Follow for regular updates✌️
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Very close Stoploss is Enough
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Wait for small retracement & daily candle to close above - "90"
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This may be Slow and Time taking stock, but good for investment Portfolio.
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Enter after market Breaks
"Yellow box" mentioned.
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Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency " 💹
Refer our old ideas for accuracy rate🧑💻
Valuable comments are welcomed-✌️
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Refer over old posted idea attached below.
Doge May Rise from Support Zone.When the DOGEUSD daily chart is examined; It is observed that the price movements continue above the support zone. As long as the crypto's 0.09385031 level is not broken down, it is evaluated that the price movements above the 0.10259554 level can exceed the 0.13174628 level and target the 0.16585265 level.
Will Bitcoin Continue Its Rise?When the BTCUSD 8-hour chart is examined; It is observed that the price movements continue above the support zone. As long as the crypto's 57803 level is not broken down, it is evaluated that the price movements above the 59171 level can exceed the 63223 level and target the 66250 level.
Will Litecoin Break the Wedge Upwards?When the LTCUSDT 4-hour chart is examined; It is observed that the price movements continue within the upward sloping wedge. As long as the crypto's 62.56 level is not broken downwards, it is evaluated that the price movements above the 65.79 level can exceed the 69.41 level and target the 76.50 level.
Has Bitcoin Started the Expected Move?When the BTCUSDT daily chart is examined; It is observed that the price movements continue above the support zone. As long as the crypto's 59400 level is not broken down, it is evaluated that the price movements above the 61810 level can cross the 69000 resistance zone and target the 79000 level.
XRPUSDT Technical AnalysisWhen the XRPUSDT daily chart is examined; It is observed that the price movements continue on the trend line. As long as the crypto's 0.5410 level is not broken down, it is evaluated that the price movements above the 0.5560 level can cross the 0.6310 level and target the 0.7580 level.
BTCUSDT Technical AnalysisWhen the BTCUSDT 4-hour chart is examined; It is observed that the price movements continue on the trend line with the formation of the Inverse Head and Shoulders Formation. As long as the crypto's level of 55554 is not broken down, it is evaluated that the price movements above the level of 58753 can exceed the level of 65022 and target the level of 69969.
SOLUSDT Technical AnalysisWhen the daily chart of SOLUSDT is examined; It is observed that the price movements continue in a downward trend. It is evaluated that the crypto can target the level of 196 by passing the level of 152 in price movements above the level of 133, but it is evaluated that it can retreat to the level of 94 by breaking the level of 111 in price movements below the level of 133.
BTCUSDT Technical AnalysisWhen the BTCUSDT daily chart is examined; It is observed that the price movements continue in a downward trend. It is evaluated that the crypto can target the 64835 level by passing the 59867 level in price movements above the 53657 level, but it is evaluated that it can retreat to the 43817 level by breaking the 49071 level in price movements below the 53657 level.
SHIBUSDT Technical AnalysisWhen the SHIBUSDT 4-hour chart is examined; It is observed that the price movements continue in a downward trend. As long as the crypto's 0.00001466 level cannot be passed upwards, it is evaluated that in price movements below the 0.00001254 level, it can break down the 0.00001081 level and retreat to the 0.00000906 level.
BTCUSDT Technical AnalysisWhen the BTCUSDT hourly chart is examined; It is observed that the price movements continue in a downward trend. As long as the crypto's level of 58449 cannot be passed upwards, it is evaluated that in price movements below the level of 57210, it can break the level of 55685 and retreat to the level of 53952.
Nifty-50 Levels For Intraday or swing TradingNifty 50 Chart Overview:
Current Value: ₹24,7801.
Recent Performance:
1 day: +0.76%
5 days: +1.47%
1 month: +2.40%
6 months: +12.59%
Year to date: +15.11%
1 year: +29.61%
5 years: +127.45%
Key Data Points:
Volume: Not specified
Previous close: Not specified
Open: Not specified
Day’s range: Not specified
Recent Analyst Views (August 22nd):
Price was moving in a wide range for two days and broke out above the consolidation range.
Buy Above: ₹24,780
Stop Loss: ₹24,740
Targets: ₹24,820, ₹24,860, ₹24,890, and ₹24,920
Sell Below: ₹24,680
Stop Loss: ₹24,720
Targets: ₹24,640.
Bank-Nifty Levels For Intraday or swing TradingBank Nifty Chart Overview:
Current Value: 51,278.75 INR.
Recent Performance:
1 day: +0.28%
5 days: +1.24%
1 month: +1.66%
6 months: +11.80%
Year to date: +6.41%
1 year: +15.91%
5 years: +87.15%
Key Data Points:
Volume: 111.42M
Previous close: 51,148.10 INR
Open: 51,214.05 INR
Day’s range: 50,938.10 — 51,404.70 INR
BMW looking good; short term / long term; min 110% RoiAdd this to watchlist and wait for entry.👁️🗨️
For short term investment ;
Leave a " Like If you agree ".👍
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Wait for small retracement & daily candle to close above - "82".
Trade carefully untill ENTRY level.
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Entry: 82 / 65
target: 119 - 134- 150- 195
sl: 74 (82) / 55 (65)
major stoploss/ support: 55
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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.
Nifty-50 Levels // 15 Min Support and ResistanceHello Everyone 👋
# On TradingView, the levels for Nifty-50 include:
Classic:
R1 (Resistance 1): 24,863.82
R2 (Resistance 2): 24,904.48
R3 (Resistance 3): 24,950.57
Pivot Point: 24,817.73
S1 (Support 1): 24,777.07
S2 (Support 2): 24,730.98
S3 (Support 3): 24,690.32
PATANJALI FOODS | ALL TIME HIGH | BULLISH | SWING TRADECHART ANALYSIS OF PATANJALI FOODS
1) 3-Years old Channeling finally Breakout.
2) Cup and Holder pattern formation and breakout
3) Good volume support
4) Currently at all time high price
5) Bullish momentum continues
Disclaimer: Only for educational purpose
Banknifty Long Levels #NSECertainly! The Bank Nifty (BANKNIFTY) is an index that tracks the performance of the banking sector in the Indian stock market. Here are some key points related to Bank Nifty levels:
Intraday Trade Setup for August 6, 2024:
Bullish Scenario:
Buy above: 49,860
Stop Loss: 49,780
Targets: 49,940, 50,020, 50,100, 50,220, and 50,400
Bearish Scenario:
Sell below: 49,640
Stop Loss: (not specified)
Symmetric Triangle Targets Met:
Bank Nifty successfully hit both targets from the recent symmetric triangle pattern within two days. It is now consolidating near the 15-minute and 1-hour support levels.
Immediate Support: 49,620
Immediate Resistance: 50,420 and 50,700
Inverse Head and Shoulders (H&S) and Falling Wedge:
Bank Nifty has formed a falling wedge and an inverse Head and Shoulders pattern.
The crucial level of 50% retracement on the Fibonacci Levels from the bottom created on the election day result is relevant.
Long Levels:
Bank Nifty Index Long Levels are not specified in the provided data.
Advanced RSI Trading #Options 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 evaluate overvalued or undervalued conditions in the price of that security.
The RSI is displayed as an oscillator (a line graph) on a scale of zero to 100. The indicator was developed by J. Welles Wilder Jr. and introduced in his seminal 1978 book, New Concepts in Technical Trading Systems.
The RSI can do more than point to overbought and oversold securities. It can also indicate securities that may be primed for a trend reversal or corrective pullback in price. It can signal when to buy and sell. Traditionally, an RSI reading of 70 or above indicates an overbought situation. A reading of 30 or below indicates an oversold condition.