How To Become a Professional Trader : Learn the trading basics. ... Learn the advanced basics. ... Develop trading systems and techniques. ... Gain trading experience. ... Consider paper trading. ... Choose a reliable broker. ... Learn to focus. ... Understand risk management.
There is a possibility of Triple zigzag correction OR Ending Diagonal pattern in Bank Nifty which suggest sharp fall as drown in chart...Kindly understand detail analysis and logic behind this conclusion and Trade safely with Risk management.
Price was consolidating the whole day and formed a symmetrical triangle. Break out can be in any direction. Pattern : Support/Resistance. Range : Medium. Trend strength : Normal. Buy Above : 22540. Stop Loss : 22500. Targets : 22580, 22620 and 22660. Sell below : 22440. Stop Loss : 22480. Targets : 22400, 22360 and 22300. Check the live market updates. Hit the...
Company:- HDFC Bank Ltd. Sector:- Banking M Cap:- 10.99T Technical:- On the hourly and daily chart smart money formed semetric triangle chart pattern and breakout it with heavy volume, I thik this stock is bottoming out and ready for the next leg rally. One more thing Nifty private banking and nifty bank index is also bottomed out. So if Banknifty and Nifty...
Syrma is a very reputed Electronics manufacturing supplier which has shown good growth in past few years. Technical analysis of chart shows bullish divergence near a strong support. If the stock crosses 500, we can see quick move towards target mentioned. A supportive broader market can also help stock make new ATH. Keep in watchlist.
Hello Guy's i hope you all will be doing good in your life and your trading as well. I have brought another stock which has given breakout of small rectangle pattern on daily timeframe. Company has good management with proven profits making record, it is 4th Consumer Healthcare brands Market ranked #1 in their categories. Mankind is present in several acute and...
Hello Trading community, Today i brought an educational publication for sharing with all of you mates in which most of the experiences are mine too that what are the expensive mistakes we are doing and how can we improve that mistakes i am trying to share below mates. But before i start i want to say a big Thanks to Trading view and entire team for adding index...
💎 Paradisers, #SILLY has broken out of a trendline and formed an inverse head and shoulders pattern, which increases the likelihood of a bullish move. 💎If #SILLYUSDT breaks above the resistance zone or neckline area, it will confirm the inverse head and shoulders pattern, potentially signaling a bullish reversal. 💎However, in the event of a breakdown below the...
Gold prices rose by 0.38% yesterday, settling at 66367, as investors eagerly awaited U.S. inflation data to gauge the Federal Reserve's stance on monetary policy. Despite recent high inflation readings, Fed policymakers remain committed to reducing interest rates by three-quarters of a percentage point by the end of 2024. Central banks' continued gold purchases...
Price reflection through Waves We all know that price does not moves in a straight line, it moves in waves. A graphical representation of price with respect to time always gives us a wavy structure. If you notice carefully, on any chart, these waves reflect different characteristics. Some will be longer and quicker than the others while some will be smaller and...
Prices advanced in five waves from 0.6477 to 0.6667. This wave pattern is significant because impulse waves identify the direction of the larger trend. Thus, the five-wave advance in AUDUSD implies further buying to come that would push prices above 0.6667 as wave (iii). The subsequent decline that is developing in three waves supports this analysis. Counter trend...
Disclaimer: Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers!, can you hear them Elliott Wave Analysis Insight January 30, 2024: 230's to 240's At the start of the year, BHEL's stock was trading between the...
The company is the largest producer of shrimp feed in India with a market share of 45% in the domestic feed business & best technical support to the farmer and caters to the quality standards of global shrimp customers. Shrimp Feed Business (78% of revenues) Inverse Head & Shoulders:- Inverse Head & Shoulders Recovery pattern is marked in yellow along with...
Investing in the stock market can be both exciting and overwhelming. There are so many stocks and strategies are there that make it hard to decide where to invest. That’s where technical analysis comes in. It’s the study of market data to find patterns, trends, and potential opportunities. To get started with technical analysis, you need to first understand...
Broader market view and Sectors for tomorrow. Broader market view is shared with sectors in focus for now
BANKNIFTY Intraday Trade Setup For 18 Mar 2024 Bullish-Above 46810 Invalid-Below 46700 T- 47375 47855 Bearish-Below 46300 Invalid-Above 46410 T- 45750 45220 BANKNIFTY has closed on a bearish note last week with 2.6% cut last week. Index is at 50 EMA in daily TF. If at all index has to take support from this zone then we will wait for a bullish price structure...
Good morning, friends! Here are the directions for March 18th: The global market trend remains structurally moderately bearish, supported by the Dow Jones, while our local market sentiment also indicates a moderately bearish trend. It might open with a neutral to a slightly gap-down start, as suggested by Giftnifty, showing a -30 point. Nifty has a range-bound...
Fundamental Analysis: Axis Bank, a prominent player in the Indian banking sector, is currently showing promising signs in terms of price and earnings forecasts according to analysts. However, revenue forecasts are not as attractive. Despite this, the financial health of the bank instills confidence among investors. One notable aspect is the distribution of...