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RSI part 2 RSI Indicator: Best Settings for Day Trading Strategies Short-term intraday traders (day trading) often use lower settings with periods in the range of 9-11. Medium-term swing traders frequently use the default period setting of 14. Longer-term position traders often set it at a higher period, in the range of 20-30. To use the RSI indicator, check if the value is above 70 to show an asset is overbought, or below 30 to show it is oversold. Traders can use these signals to find possible trading opportunities
NSE:NIFTYEducation
by SkyTradingZone
Few Important Information about tranding Few Important Information about tranding Trading refers to the process of buying and selling financial assets, including stocks, bonds, currencies, and commodities. Trading is done with the explicit goal of making profits from price changes in the short term. Trading involves the buying and selling of financial assets, such as stocks, to earn profits based on the price fluctuations of these assets. There are different types of trading, and traders use various strategies, techniques, and tools to decide when to buy or sell different assets
NSE:IGLEducation
by SkyTradingZone
RSI part 2 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 displayed as an oscillator (a line graph) on a scale of zero to 100. The best RSI settings are typically a 14-period timeframe with 70 as the overbought level and 30 as the oversold level. These settings can be adjusted based on specific trading strategies.
BSE:SENSEXEducation
by SkyTradingZone
Option Trading part 1When 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. You don't need a considerable sum of money to become an options trader. You can start small with a capital of less than Rs 2 lakhs too. However, as you start small, you need to be a careful trader so that you can cut down on the possibility of losses and enhance the return potential of your trades.
BSE:SENSEXEducation
by SkyTradingZone
Bharati Airtel Ltd view for Intraday 15th Dec #BHARTIARTL Bharati Airtel Ltd view for Intraday 15th Dec #BHARTIARTL Resistance 1600 Watching above 1704 for upside movement... Support area 1670 Below 1690 ignoring upside momentum for intraday Support 1679 Watching below 1779 or downside movement... Resistance area 1700 Above 1585 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks,
NSE:BHARTIARTLLong
by EmpireCrown
HDFCBANK Support & Resistance levelsAs of mid-December 2024, HDFC Bank's stock is trading at ₹1,871.75 on the NSE, nearing its 52-week high of ₹1,880. The stock has demonstrated solid growth throughout the year, starting at ₹1,683.01 in January and delivering approximately 11.2% returns year-to-date​ Key levels for December 2024: Support levels: Around ₹1,864 to ₹1,868, based on recent lows observed earlier this month. Resistance levels: The 52-week high of ₹1,880 acts as a critical resistance. Breaching this could open the path for further upward momentum​
NSE:HDFCBANKLong
by EmpireCrown
BAJFINANCE Support & Resistance levels Stock Market Performance Current Share Price: ₹7,273 (approx., December 2024). 52-Week High/Low: ₹7,510 / ₹6,160. Support Levels: ₹7,037, ₹6,890, and ₹6,800. Resistance Levels: ₹7,273, ₹7,364, and ₹7,510​ Market Sentiment: The stock has been trading near its resistance levels, indicating strong investor interest. Expanding Digital Initiatives: Enhanced focus on digital lending through apps and partnerships with e-commerce platforms. Branch Expansion: Increasing penetration in Tier II and Tier III cities.
NSE:BAJFINANCELong
by EmpireCrown
ZOMATO Support & Resistance levels Zomato's stock has shown significant movement in recent months. As of December 15, 2024, the share price stands at ₹288.25. The stock has seen a strong recovery from its lows, with analysts identifying key support levels around ₹278.20 and resistance levels near ₹304.70. This range highlights potential areas of buying interest and selling pressure​ Key Highlights: Support and Resistance: Support: ₹278.20 is a critical level where buyers may step in. Resistance: ₹304.70 is a key zone that the price must surpass to indicate further bullish momentum​ Over the past year, the stock price has risen significantly, reflecting a strong recovery from earlier lows. Short-term projections suggest modest gains with potential targets around ₹289.7 if current momentum sustains​ Company Overview: Zomato has transitioned from a food delivery service into a robust technology platform with global operations. Its services include restaurant discovery, food delivery, and kitchen ingredient supply. This diversification underpins its long-term growth potential​ .
NSE:ZOMATOLong
by EmpireCrown
MRF Support & Resistance levels MRF Limited Overview and Current Market Levels MRF Limited, India's largest tyre manufacturer, is a renowned multinational with a diverse product portfolio that includes tyres, tubes, conveyor belts, paints, and toys. It is recognized globally for its innovation and high-quality products, with a strong market presence both in India and internationally​ Current Market Levels and Technical Outlook As of mid-December 2024, MRF's stock price is trading near ₹133,235. Immediate support levels are identified at ₹125,864 and ₹121,093. On the resistance side, the key levels to watch are ₹133,803 and ₹136,971. If the stock breaks below its immediate support, a sharp decline towards ₹117,925 could occur. Conversely, a breakout above ₹136,971 could push the stock towards its 52-week high of ₹151,445​
NSE:MRFLong
by EmpireCrown
RELIANCE Support & Resistance levels The current share price of Reliance Industries Ltd. is around ₹1,272 (as of December 15, 2024). Here is an overview of the support and resistance levels: Support Levels: Primary Support: ₹1,249 Secondary Support: ₹1,227 Tertiary Support: ₹1,214 Resistance Levels: Primary Resistance: ₹1,285 Secondary Resistance: ₹1,298 Tertiary Resistance: ₹1,321 Key Highlights: Reliance Industries operates across sectors including petrochemicals, refining, oil exploration, telecommunications (Jio), and retail. In the retail segment, it commands approximately 23% of revenues, serving over 190 million customers across 15,200+ outlets.
NSE:RELIANCE1!Long
by EmpireCrown
Profitable Advance TradingThe defining feature of day trading is that traders do not hold positions overnight; instead, they seek to profit from short-term price movements occurring during the trading session.It can be considered one of the most profitable trading methods available to investors. Trading strategy based on moving averages. Trading strategy based on technical analysis and price patterns. Trading strategy based on Fibonacci retracements. Candlestick trading strategy. Trend trading strategy. Flat trading strategy. Scalping. Trading strategy based on fundamental analysis.
NSE:BANKNIFTY1!Education
by SkyTradingZone
3
Database Trading Option // 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 By analysing the information provided in the option chain, traders can identify potential trading opportunities and make informed decisions about buying or selling options contracts. Option chains are used by traders to analyse and evaluate the market's expectations of an asset's future price movements.
NSE:BANKNIFTY1!Education
by SkyTradingZone
3
PCR Trading Option A Advance Guide However, no PCR can be considered ideal, but usually, a PCR below 0.7 is typically viewed as a strong bullish sentiment while a PCR more than 1 is usually considered as a strong bearish sentiment. One way to calculate PCR is by dividing the number of open interest in a Put contract by the number of open interest in Call option at the same strike price and expiry date on any given day. It can also be calculated by dividing put trading volume by call trading volume on a given day.
NSE:BANKNIFTY1!Education
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
Wipro Support & Resistance Level for the day Wipro Limited is one of India's largest IT services companies and is actively traded on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). When analyzing Wipro’s support and resistance levels, we can apply technical analysis tools such as swing highs, swing lows, moving averages, Fibonacci retracement, and volume analysis. Support Levels: ₹375 - ₹380 (Recent Low / Support Zone): If Wipro has recently tested this level and bounced up, this would indicate strong support in the ₹375 - ₹380 range. A break below this zone could suggest further downside to the next support. ₹350 (Psychological Support): The ₹350 level is a round number and could act as a psychological support zone. If the price approaches ₹350 and finds buying interest, this would confirm its strength as a support level. ₹320 - ₹330 (Previous Low / Support Zone): If Wipro previously reversed direction around ₹320 to ₹330, this would be a key support zone. A break below this level would suggest significant weakness in the stock, potentially leading to a move towards lower levels. Resistance Levels: ₹420 - ₹430 (Recent Highs / Resistance Zone): If Wipro has faced resistance around ₹420 to ₹430 multiple times, this is a strong resistance zone. A break above this range could signal bullish continuation with the next resistance at higher levels. ₹450 (Key Resistance): ₹450 is a significant psychological resistance level. If Wipro has previously struggled to break above this level, it could act as strong resistance again. If Wipro breaks above this level with volume, it could signal further upside potential. ₹475 - ₹480 (Next Resistance Zone): If the stock has touched or approached ₹475 - ₹480 in the past and failed to move higher, this range could be the next resistance zone. A sustained breakout above this level could target ₹500 or higher. Key Areas to Watch: Break Above ₹430: A breakout above ₹430 would likely lead Wipro to test the next resistance levels at ₹450 and ₹475. Watch for volume confirmation to support the breakout. Break Below ₹375: A breakdown below ₹375 would suggest a possible shift to bearish momentum, and the stock could then test ₹350 or lower. If Wipro closes below ₹350, further downside could open up.
NSE:WIPROLong
by EmpireCrown
SPX Support & Resistance level for the dayThe S&P 500 Index (SPX) is one of the most widely followed equity indices, representing 500 of the largest publicly traded companies in the U.S. As such, its price action reflects the overall performance of the U.S. stock market and is closely watched by traders, investors, and institutions worldwide. Volume Profile: Areas with high trading volume can indicate strong support or resistance, as they signify areas where large institutional orders were placed. Hypothetical Support and Resistance Levels for SPX: Let’s assume we’re analyzing the S&P 500 Index (SPX) from recent trends. Below are potential support and resistance levels based on hypothetical recent price action: Support Levels: 4,100 - 4,150 (Strong Support Zone): If SPX has tested 4,100 to 4,150 multiple times in the recent past and bounced higher, this could be a significant support range. A break below this range could indicate a deeper pullback. 4,000 (Psychological Support): 4,000 is a major round number and could act as strong psychological support. Traders may look to buy if the price approaches this level. 3,900 (Previous Low / Support Zone): If 3,900 was a level where SPX previously reversed or consolidated, it could act as a support level. A break below this could signal further downside, with the next support at 3,800. 3,800 (Lower Support Zone): If the market experiences a major correction, 3,800 might be a significant support level based on previous price action and where the index has bounced in the past. Resistance Levels: 4,300 - 4,350 (Recent High / Resistance Zone): 4,300 to 4,350 could be key resistance levels if SPX has faced difficulty breaking above this range recently. If it breaks this level, the next target could be higher. 4,500 (Psychological Resistance): 4,500 is another key round number. As SPX approaches this level, selling pressure from traders may increase, making it a likely point of resistance. 4,600 (Next Key Resistance): If SPX has approached 4,600 previously and failed to sustain above it, this would act as a strong resistance level. A breakout above 4,600 could indicate strong bullish momentum. 4,700 - 4,800 (Upper Resistance Zone): In a strong uptrend, 4,700 to 4,800 could be the next resistance zone. If SPX reaches this area, it could face significant selling pressure, and market participants might look to take profits. Key Areas to Watch: Breakout Above 4,350: A breakout above 4,350 would be bullish and could indicate that SPX is heading towards 4,500 and possibly 4,600. Watch for a close above this level to confirm strength. Breakdown Below 4,150: If SPX breaks below 4,150, it could signal a pullback toward 4,000 or lower. A breakdown below 4,000 would suggest a deeper correction. 50-day and 200-day Moving Averages: A break below the 50-day moving average could signal weakness in the short-term. Similarly, a break below the 200-day moving average could indicate longer-term bearishness.
TVC:SPX
by EmpireCrown
SENSEX Support & Resistance for the day The Sensex (or BSE SENSEX) is the benchmark stock market index of the Bombay Stock Exchange (BSE), representing the performance of the top 30 companies listed on the exchange. Since it includes large-cap stocks across sectors, it reflects the broader market sentiment and can be an important barometer for the Indian stock market. Support Levels: ₹60,000 - ₹61,000 (Strong Support Zone): If the Sensex has recently bounced off this level, this could be a strong support range. A break below this level might signal further downside to the next support area. ₹58,000 (Psychological Support Level): Round numbers like ₹58,000 are often key levels where the market may find support. If Sensex starts to dip towards ₹58,000, buying pressure from investors can drive the index higher. ₹56,000 - ₹57,000 (Previous Low / Support Zone): If the Sensex had previously reversed direction around this level, it may serve as a significant support zone. A failure to hold above this range could lead to a larger correction. Resistance Levels: ₹63,000 - ₹64,000 (Recent Highs / Strong Resistance): If Sensex has tested ₹63,000 or ₹64,000 multiple times without sustaining above it, this would be a strong resistance level. A breakout above this level with strong volume could signal continued bullishness. ₹65,000 (Psychological Resistance): As a round number, ₹65,000 is a significant level for traders and investors. If the Sensex approaches this level and faces resistance, it might pull back or consolidate before attempting another rally. ₹67,000 (Key Resistance Zone): This level might represent a long-term resistance zone. If the Sensex has previously reached this level and failed to break through, it could act as an important resistance point in the future.
BSE:SENSEXLong
by EmpireCrown
BANKNIFTY Support & Resistance levels Let's assume you are analyzing Bank Nifty based on recent price action (for example, from the past few weeks to months). Here are potential support and resistance levels: Support Levels: ₹43,500 - ₹44,000 (Strong Support Zone): If Bank Nifty has bounced off this level multiple times recently, this could be a strong support zone. A break below this could signal further downside. ₹42,000 (Major Psychological Support): ₹42,000 is a key psychological level. If Bank Nifty approaches this level, it might find support as traders look to buy at a round number. ₹41,000 (Previous Low/Support Zone): If Bank Nifty tested ₹41,000 in the past and reversed upward, this would be a support level. A breach of this level would suggest a potential bearish trend. Resistance Levels: ₹45,000 - ₹45,500 (Recent Highs / Strong Resistance): ₹45,000 is a significant level where Bank Nifty has faced resistance multiple times. A move above this level could indicate a continuation of bullish momentum. ₹46,000 (Psychological Resistance): Round numbers like ₹46,000 can often act as resistance, as traders may sell or take profits at such levels. ₹47,000 - ₹48,000 (Key Resistance Zone): If Bank Nifty has reached ₹47,000 to ₹48,000 in the past and failed to move higher, this could be a strong resistance zone. Breaking above this range could signal a significant uptrend. Key Areas to Watch: Break Above ₹45,500: A breakout above ₹45,500 would indicate the potential for a strong uptrend, with the next resistance levels near ₹46,000 and ₹47,000. Traders should watch for a sustained move above this level to confirm bullish momentum. Break Below ₹43,500: If Bank Nifty breaks below ₹43,500, it could trigger a move toward the next support at ₹42,000 or lower. A breakdown below ₹42,000 would suggest further weakness and potentially a bearish trend.
NSE:BANKNIFTYLong
by EmpireCrown