MACD In Trading The Moving Average Convergence/Divergence indicator is a momentum oscillator primarily used to trade trends. Although it is an oscillator, it is not typically used to identify over bought or oversold conditions. It appears on the chart as two lines which oscillate without boundaries.
Traders often use MACD with longer-term moving averages like the 50-day or 200-day moving average. If the price is above these averages and MACD signals a buy, it reinforces the bullish trend. On the flip side, if the price is below the moving averages and MACD signals a sell, it indicates a strong bearish trend.
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RSI and Database in Trading 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.
When the RSI crosses above 70, it suggests that the asset may be overbought. This means that a price correction or pullback could be imminent. ...
Learn Option in trading Options are a type of contract that gives the buyer the right to buy or sell a security at a specified price at some point in the future. An option holder is essentially paying a premium for the right to buy or sell the security within a certain time frame.
Or as it's conveniently named, 1 Long put closer to the money, 1 short put further from the money, and 2 more short puts even further from the money. Preferably, as far away as possible while maintaining a net credit for the trade.
RSI in trading 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 helpful for market participants in identifying trends. In a strong uptrend, the RSI typically stays between 40 and 90, with the 40-50 range acting as support. In a strong downtrend, the RSI ranges from 10 to 60, with the 50-60 range serving as resistance.
Adx part 1The ADX quantifies trend strength by measuring directional movement over a given time frame. It provides traders with specific numbers (from 0 to 100) that represent strong or weak price trends. Traders can simply refer to the numbers to quickly assess the strength of a trend.
ADX below 20: Non-trending or consolidating.
ADX crosses above 20: A new trend may emerge.
ADX crosses 25: Confirmation of the trend.
ADX above 40: Strong trend.
ADX crosses 50: Extremely strong trend.
ADX crosses 70: A rare occasion.
ADANIENT Support & Resistanace As of December 26, 2024, Adani Enterprises Limited (ADANIENT) is trading at ₹2,377.27. For intraday trading, the following support and resistance levels have been identified:
Daily Pivot Levels:
Support Levels:
S1: ₹2,300.68
S2: ₹2,256.42
S3: ₹2,179.83
Resistance Levels:
R1: ₹2,421.53
R2: ₹2,498.12
R3: ₹2,542.38
These levels are calculated based on recent price movements and can assist traders in making informed decisions. It's important to note that technical analysis is inherently uncertain, and actual market movements may differ. Therefore, it's advisable to use these levels in conjunction with other analyses and risk management strategies.
OBEROIRLTY Support & Resistance As of December 26, 2024, Oberoi Realty Limited (OBEROIRLTY) is trading at ₹2,290.50. For intraday trading, the following support and resistance levels have been identified:
Daily Pivot Levels:
Support Levels:
S1: ₹2,278.40
S2: ₹2,157.58
S3: ₹2,065.27
Resistance Levels:
R1: ₹2,378.30
R2: ₹2,499.12
R3: ₹2,591.43
These levels are calculated based on recent price movements and can assist traders in making informed decisions. It's important to note that technical analysis is inherently uncertain, and actual market movements may differ. Therefore, it's advisable to use these levels in conjunction with other analyses and risk management strategies.
HDFCBANK Support & Resistance As of December 26, 2024, HDFC Bank Limited (HDFCBANK) is trading at ₹1,809.30. For intraday trading, the following support and resistance levels have been identified:
Daily Pivot Levels:
Support Levels:
S1: ₹1,798.78
S2: ₹1,788.87
S3: ₹1,779.63
Resistance Levels:
R1: ₹1,817.93
R2: ₹1,827.17
R3: ₹1,836.42
These levels are calculated based on recent price movements and can assist traders in making informed decisions. It's important to note that technical analysis is inherently uncertain, and actual market movements may differ. Therefore, it's advisable to use these levels in conjunction with other analyses and risk management strategies.
ICICIBANK Support & Resistance As of December 26, 2024, ICICI Bank Limited (ICICIBANK) is trading at ₹1,297.25. For intraday trading, the following support and resistance levels have been identified:
Daily Pivot Levels:
Support Levels:
S1: ₹1,290.17
S2: ₹1,283.08
S3: ₹1,275.92
Resistance Levels:
R1: ₹1,304.42
R2: ₹1,311.58
R3: ₹1,318.67
These levels are calculated based on recent price movements and can assist traders in making informed decisions. It's important to note that technical analysis is inherently uncertain, and actual market movements may differ. Therefore, it's advisable to use these levels in conjunction with other analyses and risk management strategies.
AXISBANK Support & ResistanceAs of December 26, 2024, Axis Bank Limited (AXISBANK) is trading at ₹1,078.90. For intraday trading, the following support and resistance levels have been identified:
Daily Pivot Levels:
Support Levels:
S1: ₹1,075.02
S2: ₹1,071.13
S3: ₹1,066.27
Resistance Levels:
R1: ₹1,083.77
R2: ₹1,088.63
R3: ₹1,092.52
TOP STOCK RESEARCH
These levels are calculated based on recent price movements and can assist traders in making informed decisions. It's important to note that technical analysis is inherently uncertain, and actual market movements may differ. Therefore, it's advisable to use these levels in conjunction with other analyses and risk management strategies.
RELIANCE Support and Resistance As of today, for intraday trading in Reliance Industries (RELIANCE), here are the approximate support and resistance levels based on technical analysis:
Intraday Support Levels:
S1 (First Support): ₹1,220
S2 (Second Support): ₹1,210
S3 (Third Support): ₹1,200
Intraday Resistance Levels:
R1 (First Resistance): ₹1,230
R2 (Second Resistance): ₹1,240
R3 (Third Resistance): ₹1,250
Notes:
These levels are calculated using pivot points, Fibonacci retracements, and other common technical indicators.
Intraday traders should also consider the stock's volatility, volume, and momentum indicators for confirmation.
Always set a stop-loss to manage risk effectively.
Pre Market analysis for 26/12/2024
Pre Market analysis for 26/12/2024
#NIFTYBANK
If market opens flat and breaks trendline 51350 level, will plan for buying for target 51600 level.
If market opens gap down, and breaks 51100 will plan for selling for target 50800. Wait for 15min candle close below level.
If market opens gap up, wait for retest of trendline 51300 level, then plan for buying for target 51600.
Disclaimer:-All views are my personal and only for educational purpose.
#StockMarket
#LetsLearnTogether
Pre Market analysis for 26/12/2024
Pre Market analysis for 26/12/2024
#NIFTY50
If market opens flat and breaks 23750 will plan for buying for target 23880 level.
If market opens gap down, and breaks 23680, then plan for selling for target 23550. level.
If market opens gap up, and sustains above 23750 level, then plan for buying for target 23880 level.
Disclaimer:-All views are my personal and only for educational purpose.
#StockMarketIndia
#LetsLearnTogether
Learn option in trading If you buy an options contract, it grants you the right but not the obligation to buy or sell an underlying asset at a set price on or before a certain date. A call option gives the holder the right to buy a stock, and a put option gives the holder the right to sell a stock.
Now, the burning question on everyone's mind – how long does it take to learn options trading? Well, it really depends on how much time and effort you're willing to put in. Some people might be able to pick it up in a few weeks, while others might take months or even years to fully grasp the concepts.
Technical trading for traderTechnical trading is the practice of using price-based trading strategies to make short-term trades. It relies heavily on technical analysis, which uses past and current data to identify trends in the market.
Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future.
Learn option trading with us The seller (or writer) of options accepts the obligation to buy or sell should the purchaser exercise their right. U.S. investors can trade options on a wide range of financial products—from individual stocks or stock exchange-traded funds (ETFs) to indexes, foreign currencies and more
The process for how to learn stock options trading is quite simple. You need to immerse yourself in educational resources, and then put what you've learned to practice. But – what we recommend is to practice with paper trading before you actually spend real money on options.
RSI & ADXRSI: Used to determine overbought/oversold conditions. ADX: Measures trend strength. Keltner Channels: Provides dynamic support/resistance levels and helps identify breakouts
The average directional index (ADX) is a technical indicator used by traders to determine the strength of a financial security's price trend. It helps them reduce risk and increase profit potential by trading in the direction of a strong trend
The Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) can work well together to give you insights into market momentum and potential reversals. Use the MACD to check the trend direction, and the RSI to find good entry and exit points based on whether the market is overbought or oversold.
SBIN Support & Resistance As of December 20, 2024, State Bank of India (SBIN) closed at ₹812.00, experiencing a decline of ₹20.80 (-2.50%) from the previous close.
The following support and resistance levels have been identified for SBIN:
Support Levels:
S1: ₹823.90
S2: ₹813.15
S3: ₹804.87
Resistance Levels:
R1: ₹841.70
R2: ₹848.75
R3: ₹858.27
These levels are derived from various pivot point calculations, including Standard, Camarilla, Fibonacci, Woodie, and Demark methods.
Please note that support and resistance levels are dynamic and can change based on market conditions.
It's advisable to consult real-time data and consider multiple technical indicators before making any trading decisions.
INDUSINDBK Support & ResistanceAs of December 24, 2024, IndusInd Bank Limited (INDUSINDBK) closed at ₹935.30, reflecting a decrease of 0.51% from the previous close.
The following support and resistance levels have been identified for INDUSINDBK:
Support Levels:
S1: ₹924.45
S2: ₹907.75
S3: ₹875.00
Resistance Levels:
R1: ₹940.65
R2: ₹948.15
R3: ₹955.00
These levels are derived from various technical analyses, including pivot point calculations and moving averages.
Please note that support and resistance levels are dynamic and can change based on market conditions.
It's advisable to consult real-time data and consider multiple technical indicators before making any trading decisions.
Nifty 50 Support & ResistanceAs of December 24, 2024, the Nifty 50 Index closed at 23,587.50.
The following support and resistance levels have been identified for the Nifty 50:
Support Levels:
S1: 23,500
S2: 23,400
S3: 23,300
Resistance Levels:
R1: 23,700
R2: 23,800
R3: 23,900
These levels are derived from pivot point calculations, which are commonly used in technical analysis to determine potential support and resistance areas.
Please note that support and resistance levels are dynamic and can change based on market conditions.
It's advisable to consult real-time data and consider multiple technical indicators before making any trading decisions.
BANKNIFTY Support & Resistance As of December 24, 2024, the Nifty Bank Index (BANKNIFTY) closed at ₹51,233.00, reflecting a decrease of 0.16% from the previous close.
The following support and resistance levels have been identified for BANKNIFTY:
Support Levels:
S1: ₹51,119.64
S2: ₹51,006.27
S3: ₹50,875.04
Resistance Levels:
R1: ₹51,364.24
R2: ₹51,495.47
R3: ₹51,608.84
These levels are derived from pivot point calculations, which are commonly used in technical analysis to determine potential support and resistance areas.
Please note that support and resistance levels are dynamic and can change based on market conditions.
It's advisable to consult real-time data and consider multiple technical indicators before making any trading decisions.
TATAMOTORS Support & Resistance As of December 24, 2024, Tata Motors Limited (TATAMOTORS) closed at ₹736.10, marking an increase of ₹13.90 (1.92%) from the previous close.
The following support and resistance levels have been identified for Tata Motors:
Support Levels:
S1: ₹729.30
S2: ₹713.10
S3: ₹706.72
Resistance Levels:
R1: ₹752.10
R2: ₹757.00
R3: ₹770.00
These levels are derived from various technical analyses, including pivot point calculations and moving averages.
Please note that support and resistance levels are dynamic and can change based on market conditions.
It's advisable to consult real-time data and consider multiple technical indicators before making any trading decisions.