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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.
NSE:BANKNIFTYEducation
by SkyTradingZone
Gold Still Looking weak Gold prices have shown weakness, with the market currently positioned below key resistance levels, suggesting a bearish outlook in Intra day. The immediate resistance is seen at the previous support level around 2620-2625, which may act as a psychological barrier for the price to overcome. Immediate Resistance: 2620-2625 - This level has previously acted as support but now could serve as resistance. A move above this could signal a potential short-term recovery. Immediate Support: 2588 - This level corresponds to the close on FOMC day, representing a critical support area where buyers might step in if the price tests this level again. If gold fails to hold above the FOMC day close, there's a risk of further downside also 2580 level acting as a key trendline support, where a failure could lead to more significant declines. The next significant support to watch is around 2568 or a potential move towards 2569 (Fib extension 0.618) if current trends persist, and further levels down to 2537 (November's low), which is a high volume node where buying interest might re-emerge. A break below this could lead to further declines, targeting lower supports; For a bullish signal, gold would need to convincingly close above 2650 if it reverse without breaking 2588 on day close.
OANDA:XAUUSDShort
by TheGoldenCircle
Gold after FOMCAS EXPECTED , in previous post on gold the price was looking weak and after FOMC we have seen a decent correction in alignment with that view , on daily time frame price breakdown two supports I.e., 2620 and 2600, as you can see on the chart the price is now bouncing from lower TF oversold areas but still looking weak, next support as per weekly pivot is at 2568 and then 2530-35 area, As I am waiting from last week for this area for potential bottom in December so that I can plan a swing buy trade from this area. As per current PA ,last day candle is good bearish candle so there is no confirmation of any buy opportunity right now so it's better to wait for more confirmation from lower levels before entering in swing buy .
OANDA:XAUUSDShort
by TheGoldenCircle
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.
NSE:NIFTYEducation
by SkyTradingZone
Bitcoin Elliott Wave Breakdown: Sharp Drop Ahead?Bitcoin Elliott Wave Breakdown: Sharp Drop Ahead? Elliott Wave Insights: #Bitcoin may be forming an Expanding Diagonal (ED) in Wave 3, signaling potential retracement. Wave 2's shallow nature raises caution for long positions. Scalp Short Setup: ⚫️ Entry: $106k–$108k ⚫️ Targets: ◾️ 0.382 FIB: $90,048 ◾️ 0.5 FIB: $85,063 ⚫️ Stop-Loss: 4H close above recent ATH. ⚠️ Risk Management: Use tight stops; avoid high leverage. Bullish momentum persists. Plan: Waiting for clearer corrections to enter long. Always DYOR. CRYPTOCAP:BTC
Short
by CryptoPatel
2
Option 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. When 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.
NSE:BANKNIFTY1!Education
by SkyTradingZone
Class for option trader In summary, here are 10 of our most popular options trading courses Derivatives - Options & Futures: Interactive Brokers. Practical Guide to Trading: Interactive Brokers. Trading Strategies in Emerging Markets: Indian School of Business. Financial Engineering and Risk Management: Columbia University. The course provides students with an understanding of the derivatives markets (futures and options) and how they are traded. It also explains the construction and applications of payoff diagrams, and introduces a number of options trading strategies.
NSE:BANKNIFTY1!Education
by SkyTradingZone
RSI trading 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 In the chart below, RSI is the blue line in the section below the S&P 500 price. Low RSI levels, typically below 30 (red line), indicate oversold conditions—generating a potential buy signal. Conversely, high RSI levels, typically above 70 (green line), indicate overbought conditions—generating a potential sell signal.
NSE:NIFTYEducation
by SkyTradingZone
1
This Railway stock has given Neckline breakout of W patternHello everyone, i hope you all will be doing good in your life and your trading as well. Today i have brought a Railways stock which has given a breakout of W pattern. Stock name is Texmaco Rail & Engineering Ltd and it is an engineering infrastructure co. & part of the Adventz Group, The co. is involved in the business of manufacturing Rolling stock, hydro-mechanical equipment, steel castings & construction of Rail EPC, bridges, and other steel structures. Stock is giving best discounted entry at these levels. As it has given successfully falling resistance trendline Breakout and formed double bottom kind of pattern and now price has given breakout of neckline as well, Good thing is that stock is trading above to neckline breakout. Company has got some order also worth it 140+ cr. All these parameters suggesting stock should give some positive momentum in near term. I have written all the levels on chart please go through. Overall stock is good for trading in short term and investing in long term, choice is yours. Fundamental Ratio Market Cap ₹ 9,155 Cr. Current Price ₹ 229 High / Low ₹ 297 / 142 Stock P/E 44.1 Book Value ₹ 67.1 Dividend Yield 0.22 % ROCE 10.6 % ROE 5.71 % Face Value ₹ 1.00 Industry PE 44.9 Debt ₹ 938 Cr. EPS ₹ 5.25 Promoter holding 48.1 % Intrinsic Value ₹ 62.7 Pledged percentage 0.00 % EVEBITDA 21.2 Change in Prom Hold 0.00 % Profit Var 5Yrs 8.85 % Sales growth 5Years 13.5 % Return over 5years 49.0 % Debt to equity 0.35 Net profit ₹ 209 Cr. ROE 5Yr 3.67 % Profit growth 204 % Earnings yield 4.32 % PEG Ratio 4.98 Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:TEXRAILLong
by TraderRahulPal
RSI TECHNICAL 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 displayed as an oscillator (a line graph) on a scale of zero to 100. The most commonly used RSI thresholds are 30 and 70. An RSI above 70 suggests a stock might be overbought, indicating a potential sell signal. Conversely, an RSI below 30 implies a stock might be oversold, presenting a possible buying opportunity
NSE:BANKNIFTYLong
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