DATABASE TRADING Trading data providers supply real-time and historical information relating to stocks and securities traded on various global financial exchanges. Opah Labs. Based in USA. Delivering deep proprietary industry data across a broad range of sectors to create cutting-edge insights.
Stock exchanges and data vendors are great sources for institutions. Retain traders can use broker APIs as it's more economical. As a trader, you must be quick and analytical, and good-quality data is the way to go
Trade
Relative Strength Index (RSI) IndicatorThe 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.
RSI readings below 30 signal buy opportunities, indicating the asset is undervalued. Conversely, RSI readings above 70 signal sell opportunities, suggesting the asset is overvalued. A value of 50 signifies a balance between bullish and bearish positions or a neutral stance.
Vedanta Ltd view for Intraday 20th Dec #VEDL
Vedanta Ltd view for Intraday 20th Dec #VEDL
Resistance 523-524 Watching above 525 for upside movement...
Support area 505 Below 518 ignoring upside momentum for intraday
Support 505 Watching below 505 or downside movement...
Resistance area 523-524
Above 510 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
HDFCBANK Support & Resistance To determine the support and resistance levels for HDFC Bank (as of now, in December 2024), we would typically rely on technical analysis methods such as identifying recent swing highs and swing lows, using Fibonacci retracement levels, and observing moving averages and chart patterns. These levels change frequently, depending on market conditions, but I’ll provide a general guideline on how to calculate these levels and some typical support/resistance points that might be relevant.
How to Find HDFC Bank's Support & Resistance Levels:
Swing Highs and Lows: The most basic form of support and resistance is identifying the points on the price chart where HDFC Bank has recently bounced (support) or reversed down (resistance).
Support: Price level where the stock finds buying interest and reverses from a downtrend.
Resistance: Price level where the stock finds selling pressure and reverses from an uptrend.
Fibonacci Retracement Levels: Fibonacci retracement is a powerful tool to predict possible support and resistance levels. Typically, the key levels are:
23.6%
38.2%
50%
61.8%
These can be drawn by taking the most recent significant swing low and swing high (or vice versa) on the chart.
Moving Averages: Key moving averages like the 50-day, 100-day, or 200-day can serve as dynamic support or resistance levels. If the price is above the moving average, it often acts as support, and if the price is below, it often acts as resistance.
Psychological Levels: Round numbers such as ₹1,500, ₹1,600, ₹2,000, etc., often act as strong psychological barriers.
Volume: High-volume areas in the past can act as strong support/resistance zones.
Bank Nifty index Support & Resistance Support Levels:
Support levels are price points where the Bank Nifty index tends to find buying interest. These are levels where the index has historically reversed or slowed down its decline.
Recent Swing Lows: Look for the recent lowest points on the chart where the price has bounced back.
Fibonacci Retracement Levels: Fibonacci levels (23.6%, 38.2%, 50%, 61.8%) are often used to identify potential support zones.
Moving Averages: Key moving averages like the 50-day, 100-day, or 200-day moving average can act as dynamic support levels.
2. Resistance Levels:
Resistance levels are price points where selling pressure tends to emerge, preventing the price from rising further.
Recent Swing Highs: Look for points where the index has faced difficulty breaking through or has reversed from the upside.
Fibonacci Retracement Levels: Similarly, Fibonacci levels can also help identify potential resistance areas.
Psychological Levels: Round numbers or large milestones in the Bank Nifty's price (like 40,000, 45,000, etc.) often act as resistance.
Trendlines: A downward-sloping trendline can act as resistance, especially if it intersects with recent highs.
Cipla Ltd view for Intraday 20th Dec #CIPLA
Cipla Ltd view for Intraday 20th Dec #CIPLA
Resistance 1460-1463 Watching above 1465 for upside movement...
Support area 1430 Below 1440 ignoring upside momentum for intraday
Support 1430 Watching below 1428 or downside movement...
Resistance area 1460-1463
Above 1440-1445 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Bharti Airtel Ltd view for Intraday 20th Dec #BHARTIARTL
Bharti Airtel Ltd view for Intraday 20th Dec #BHARTIARTL
Resistance 1630 Watching above 1633 for upside movement... Support area 1600 Below 1615 ignoring upside momentum for intraday
Support 1600 Watching below 1595 or downside movement...
Resistance area 1630
Above 1615 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
JSW Steel Ltd view for Intraday 20th Dec #JSWSTEEL
JSW Steel Ltd view for Intraday 20th Dec #JSWSTEEL
Resistance 960 Watching above 962 for upside movement...
Support area 940 Below 950 ignoring upside momentum for intraday
Support 940 Watching below 938 or downside movement...
Resistance area 960
Above 950 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Reliance Industries Ltd view for Intraday 20th Dec #RELIANCE
Reliance Industries Ltd view for Intraday 20th Dec #RELIANCE
Resistance 1270 Watching above 1273 for upside movement...
Support area 1240 Below 1255 ignoring upside momentum for intraday
Support 1240 Watching below 1238 or downside movement...
Resistance area 1270
Above 1255 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
TATA Motors Ltd view for Intraday 20th Dec #TATAMOTORS
TATA Motors Ltd view for Intraday 20th Dec #TATAMOTORS
Resistance 770-773 Watching above 775 for upside movement..
. Support area 750 Below 765 ignoring upside momentum for intraday
Support 750 Watching below 747 or downside movement...
Resistance area 770-773
Above 760 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Divergence in Trading What is Divergence? Divergence is when the asset price moves in the direction opposite to what a technical indicator indicates. When a stock is diverging, it signals weaker price trends and the beginning of a reversal
Seeing divergence increases profitability by alerting a trader to protect profits. Technical traders generally use divergence when the price moves in the opposite direction of a technical indicator.
Strong divergence is the most reliable type of divergence, often signaling a significant reversal. It occurs when the price makes a new high or low, but the indicator fails to do so, indicating weakening momentum.
Advance database trading Stock exchanges and data vendors are great sources for institutions. Retain traders can use broker APIs as it's more economical. As a trader, you must be quick and analytical, and good-quality data is the way to go
Paper trading, also known as virtual trading or simulated trading, is a practice that allows beginners and experienced traders alike to simulate the process of buying and selling financial assets, such as stocks, without using real money.
Option And Database trading To study an option chain, focus on the current market price, displayed in the centre. Analyse the built-up data to understand market direction based on recent changes in open interest and price. ITM call options are typically highlighted in yellow, making it easier to distinguish them from other options.
Adani Enterprises. ...
Infosys Limited. ...
HDFC Bank. ...
Tata Consultancy Services (TCS) ...
Bajaj Finance. ...
Tata Steel. ...
Bharat Petroleum Corporation Limited (BPCL) ...
Larsen & Toubro Limited (LT)
Pre Market analysis for 18/12/2024Pre Market analysis for 18/12/2024
#NIFTYBANK
If market opens flat and breaks 52700 will plan for selling for target 52300 level.
If market opens gap down, wait for retest of yesterday closing,then plan for selling for target 52300 level.
If market opens gap up, wait for breakout of 53000 level, then plan for buying for target 53500.
Disclaimer:-All views are my personal and only for educational purpose.
#StockMarketIndia
#LetsLearnTogether
MASTEK Stock is trading at resistance level in daily time frame.
#MASTEK
Stock is trading at resistance level in daily time frame. Can do good in coming days
once resistance is broken and sustains above it. Keep on Radar.
Disclaimer:-All views are my personal and only for educational purpose.
#StockMarketIndia
#LetsLearnTogether
Pre Market analysis for 18/12/2024
Pre Market analysis for 18/12/2024
#NIFTY50
If market opens flat and breaks 24300 will plan for selling for target 24150 level. If market opens gap down, wait for retest of yesterday closing level, then plan for selling for target 24150. level.
If market opens gap up, wait for breakout of 24500 level, then plan for buying for target 24700 level.
Disclaimer:-All views are my personal and only for educational purpose.
#StockMarketIndia
#LetsLearnTogether
The Indian Hotels Company Ltd view for Intraday 18th Dec #INDHOT
The Indian Hotels Company Ltd view for Intraday 18th Dec #INDHOTEL
Resistance 885 Watching above 886 for upside movement...
Support area 870 Below 875 ignoring upside momentum for intraday
Support 870 Watching below 868 or downside movement...
Resistance area 885
Above 875 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Max Health Institute Ltd view for Intraday 18th Dec #MAXHEALTH
Max Health Institute Ltd view for Intraday 18th Dec #MAXHEALTH
Resistance 1220 Watching above 1222 for upside movement...
Support area 1200 Below 1200 ignoring upside momentum for intraday
Support 1200 Watching below 1198 or downside movement...
Resistance area 1220
Above 1220 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
ITC Ltd view for Intraday 18th Dec #ITC
ITC Ltd view for Intraday 18th Dec #ITC
Resistance 472 Watching above 473 for upside movement... Support area 465 Below 465 ignoring upside momentum for intraday
Support 465 Watching below 465 or downside movement...
Resistance area 472
Above 470 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
JSW Steel Ltd view for Intraday 18th Dec #JSWSTEEL
JSW Steel Ltd view for Intraday 18th Dec #JSWSTEEL
Resistance 975 Watching above 977 for upside movement...
Support area 955 Below 965 ignoring upside momentum for intraday
Support 955 Watching below 954 or downside movement...
Resistance area 975
Above 965 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Bharati Airtel Ltd view for Intraday 18th Dec #BHARTIARTL
Bharati Airtel Ltd view for Intraday 18th Dec #BHARTIARTL
Resistance 1630 Watching above 1633 for upside movement...
Support area 1600 Below 1615 ignoring upside momentum for intraday
Support 1600 Watching below 1597 or downside movement...
Resistance area 1630
Above 1615 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Cipla Ltd view for Intraday 18th Dec #CIPLA
Cipla Ltd view for Intraday 18th Dec #CIPLA
Resistance 1460-1463 Watching above 1465 for upside movement...
Support area 1430 Below 1440 ignoring upside momentum for intraday
Support 1430 Watching below 1428 or downside movement...
Resistance area 1460-1463
Above 1440-1445 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,