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FAKE STRENGTH (RSI DIVERGENCES)Hello to all mates so here am sharing about something that two important things in trading are contradicting each other and that is price and strength so I am trying to explain this by daily chart of Nifty and that I mentioned previous top to new top price is up by almost 900 points but the relative strength index it is down by 10 major points and this is an indication that price is going up without strength so we can say that no one will be there to hold it there on top without strength. Conclusion- So what we can get by this study is that we should be alerted when the price is increasing but the strength is decreasing so at this point we can consider this as a profit booking spot or we can consider the previous Top price as a Trailing stop loss and leave it free for go up without strengths. HAPPY TRADING WITH TRADING VIEW ✌🏽✌🏽
NSE:NIFTYEducation
by AMIT-RAJAN
MFI indicator and how to work with itHello everyone, letit is in touch and today we want to tell you about one very cool indicator. MFI - (money flow index) is a technical indicator designed to demonstrate the intensity with which money is invested in a security and withdrawn from it by analyzing trading volumes and the ratio of typical prices of periods. it shows how attractive the asset looks. That is, the degree of intensity of investing money in it. At the same time, only the dynamics of the indicator is important, its value at a particular moment in itself does not matter much. That is, speaking in simple terms, there is a similarity with rsi, but here it is not so strict in terms of divergences and convergences. The indicator simply shows the discrepancy between the cash flow and the price of an asset. Now on bitcoin we can see this discrepancy. We had growth when money left the asset - this is a signal for a fall. Therefore, the team and I expect the asset to fall to the area of ​​21500-20200, and from there it will turn around. Below are some more examples of discrepancies. If you liked the article, then put a reaction and write a comment - it will help us a lot.
INDEX:BTCUSDEducation
by Letit_Trade
INTRODUCTION TO BOLLINGER BANDSHello friends and mates today I am sharing an Idea about an indicator which is you can say very much loved and popular indicator used by all stream and time frame traders and that is BOLLINGER BANDS sharing below about this 𝐃𝐄𝐒𝐂𝐑𝐈𝐏𝐓𝐈𝐎𝐍-: Bollinger Bands are a type of price envelope developed by John Bollinger (Price envelopes define upper and lower price range levels.) Bollinger Bands are envelopes plotted at a standard deviation level above and below a simple moving average of the price. Because the distance of the bands is based on standard deviation, they adjust to volatility swings in the underlying price. Bollinger Bands use 2 parameters, Period and Standard Deviations, Standard deviation. The default values are 20 for period, and 2 for standard deviations, although you may customize the combinations by the given setting in trading view. Bollinger bands help determine whether prices are high or low on a relative basis. They are used in pairs, both upper and lower bands and in conjunction with a moving average. Further, the pair of bands is not intended to be used on its own. Use the pair to confirm signals given with other indicators. 𝐇𝐎𝐖 𝐓𝐇𝐈𝐒 𝐈𝐍𝐃𝐈𝐂𝐀𝐓𝐎𝐑 𝐖𝐎𝐑𝐊𝐒-: When the bands tighten during a period of low volatility, it raises the likelihood of a sharp price move in either direction. This may begin a trending move. Watch out for a false move in opposite direction which reverses before the proper trend begins. When the bands separate by an unusual large amount, volatility increases and any existing trend may be ending. Prices have a tendency to bounce within the bands' envelope, touching one band then moving to the other band. You can use these swings to help identify potential profit targets. For example, if a price bounces off the lower band and then crosses above the moving average, the upper band then becomes the profit target. Price can exceed or hug a band envelope for prolonged periods during strong trends. On divergence with a momentum oscillator, you may want to do additional research to determine if taking additional profits is appropriate for you. A strong trend continuation can be expected when the price moves out of the bands. However, if prices move immediately back inside the band, then the suggested strength is negated. 𝐊𝐄𝐘 𝐓𝐀𝐊𝐄𝐀𝐖𝐀𝐘𝐒-: Bollinger Bands is a technical analysis tool to generate oversold or overbought signals and was developed by John Bollinger. Three lines compose Bollinger Bands: A simple moving average, or the middle band, and an upper and lower band. The upper and lower bands are typically 2 standard deviations +/- from a 20-day simple moving average and can be modified. When the price continually touches the upper Bollinger Band, it can indicate an overbought signal. If the price continually touches the lower band it can indicate an oversold signal. The Squeeze The "squeeze" is the central concept of Bollinger Bands®. When the bands come close together, constricting the moving average, it is called a squeeze. A squeeze signals a period of low volatility and is considered by traders to be a potential sign of future increased volatility and possible trading opportunities. Conversely, the wider apart the bands move, the more likely the chance of a decrease in volatility and the greater the possibility of exiting a trade. These conditions are not trading signals. The bands do not indicate when the change may take place or in which direction the price could move. 𝐁𝐑𝐄𝐀𝐊𝐎𝐔𝐓𝐒-: Approximately 90% of price action occurs between the two bands. 1 Any breakout above or below the bands is significant. The breakout is not a trading signal and many investors mistake that when the price hits or exceeds one of the bands as a signal to buy or sell. Breakouts provide no clue as to the direction and extent of future price movement. 𝐇𝐎𝐖 𝐀𝐂𝐂𝐔𝐑𝐀𝐓𝐄 𝐀𝐑𝐄 𝐁𝐎𝐋𝐋𝐈𝐍𝐆𝐄𝐑 𝐁𝐀𝐍𝐃𝐒-: Since Bollinger Bands are set two use +/- two standard deviations around an SMA, we should expect that approximately 95% of the time, the observed price action will fall within these bands. 𝐄𝐗𝐀𝐌𝐏𝐋𝐄 𝐎𝐅 𝐏𝐎𝐒𝐈𝐓𝐈𝐕𝐄 𝐁𝐑𝐄𝐀𝐊𝐎𝐔𝐓-: 𝐄𝐗𝐀𝐌𝐏𝐋𝐄 𝐎𝐅 𝐍𝐄𝐆𝐀𝐓𝐈𝐕𝐄 𝐁𝐑𝐄𝐀𝐊𝐎𝐔𝐓-: 𝐍𝐎𝐓𝐄-: 𝐓𝐇𝐈𝐒 𝐈𝐃𝐄𝐀 𝐈𝐒 𝐎𝐍𝐋𝐘 𝐅𝐎𝐑 𝐄𝐃𝐔𝐂𝐀𝐓𝐈𝐎𝐍𝐀𝐋 𝐏𝐔𝐑𝐏𝐎𝐒𝐄. 𝐑𝐞𝐠𝐚𝐫𝐝𝐬-: 𝐀𝐦𝐢𝐭 𝐑𝐚𝐣𝐚𝐧
NSE:TCSEducation
by AMIT-RAJAN
2
bollinger band educational postBollinger Bands are a type of technical analysis indicator that are used to measure the volatility of a financial instrument. They are plotted two standard deviations away from a moving average, which serves as a measure of the instrument's midpoint. The bands are plotted on a chart, usually alongside the price action of the financial instrument being analyzed. The upper Bollinger Band is plotted at the level of the moving average plus two standard deviations, while the lower Bollinger Band is plotted at the level of the moving average minus two standard deviations. If the price action of the financial instrument moves away from the moving average, it is considered a signal of increased volatility. Bollinger Bands are used by traders and investors to identify potential buy and sell signals. For example, if the price of a stock moves to the upper Bollinger Band, it is often considered overbought and a potential sell signal, while if the price moves to the lower Bollinger Band, it is considered oversold and a potential buy signal. It is important to note that Bollinger Bands are just one of many technical analysis tools, and they should be used in conjunction with other indicators and fundamental analysis to make informed trading decisions.
Education
by nawaab001
Different Set-ups - Same OutcomeHi folks! Often Traders like to think that their set-up or strategy is 'superior' that helps in identifying opportunities and put them on good trades better than other strategies employed by other traders. They vehemently defend their approach, their indicators and strategies. While some may put total faith in Fibonacci Sequences, others on RSI + MACD with Moving Average Cross overs while some others may vouch on Trend Lines and pure Price Action and nothing else, ... and it goes on. In the chat rooms here on TradingView and elsewhere, I have seen raging discussions and disagreements over indicators and it has always amused me. This simple example that I have shared should be an eye-opener to such traders. The fact is no strategy or set-up is superior or gives a definitive edge that another strategy does not. In the example, I only took a small number of 50 set-ups - but astute traders know that there are as many set-ups as there are traders! With so many numerous technical indicators available today, we could show any number of examples of how one or a combination of the technical indicators would have found the opportunity in this example. The bottom line is that it is indeed possible to spot opportunities using a variety of indicators in different ways. It's futile to debate "which indicator is the best". As long as the method (with or without indicators) adopted by you is delivering results, that's all that matters to help you stay profitable and keep you happy. Hope this might be of interest to some of you. All the best to all. PriceCatch
NSE:CANBKEducation
by PriceCatch
Bollinger Bands Secret Part 1In this tutorial we have learned about Bollinger Band trading concept. When the price is above the 20 MA always think about buying the call/futures or selling the put options. When the price is below the 20 MA always think about buying the put and selling the futures/call options. If the 20 MA is flat - Sideways Market If the 20 MA is upwards - Bullish (Trending market ) If the 20 MA is downwards - Bearish (Trending market ) If the Bollinger Band is compressing then the market is ready for a blast in the either side (upwards/downwards)
NSE:NIFTYEducation
by DevabratAcharya
What Is the RSI Indicator & RSI DivergenceRSI - Relative Strength Index Indicator: The Relative Strength Index (RSI) is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. The RSI is displayed as an oscillator (a line graph that moves between two extremes) and can have a reading from 0 to 100. It is important to note that the RSI does not indicate whether a stock is a buy or a sell; rather, it provides insight into the current trend of the stock. The RSI is a versatile indicator that can be used by traders of all levels and can be adapted for any style of trading. For example, a trader may use the RSI to identify support or resistance levels, or to spot divergences that can be used to predict future price movements. The RSI can also be used to locate potential trading opportunities by looking for overbought or oversold conditions. Furthermore, the RSI can be used in combination with other indicators, such as moving averages, to gain a better understanding of the market’s overall trend. Formula of RSI: The RSI is calculated using a formula that compares the magnitude of recent gains against recent losses over a specified period. The formula for the RSI is: RSI = 100 - (100 / (1 + (Average of Upward Price Movements / Average of Downward Price Movements))) What is periods in RSI: Periods in RSI (Relative Strength Index) are the number of time periods used to calculate the RSI. The most commonly used period for RSI is 14, but other periods such as 7, 9, and 25 are also used. This number represents the number of time periods that are used to calculate the RSI, so a period of 14 would mean the RSI is being calculated using the last 14 time periods. RSI divergence: RSI divergences are a type of technical analysis used to identify potential trend reversals in the markets. They are based on the Relative Strength Index (RSI) and are used to spot potential trend reversals before they occur. A divergence occurs when the price of an asset makes a higher high, but the RSI makes a lower high. This suggests that the current rally is losing momentum and may reverse course. Similarly, a lower low in the price and a higher low in the RSI may signal an impending rally. Divergences are best used in conjunction with other technical indicators and analysis to confirm price action. It is also important to keep in mind that divergences do not always lead to reversals and may simply signal a period of consolidation before the price continues its current trend. Divergence Cheat Sheet / Types of Divergence:
Education
by AfnanTAjuddin
1
Our take on AI-generated Pine Script™The fact that GPT can generate Pine Script™ code has garnered much attention lately. While the perspective of making natural language requests to an AI to generate code is understandably attractive, it is unfortunately not something traders should use as a substitute for learning to program or finding a freelancer who will program for them if they are not interested in learning to code. Simply put, the core of the problem lies in the fact that code generated by software like ​GPT is unreliable. Only someone who already knows Pine can analyze it and make the inevitable changes required for it to work as intended. Would you rely on a code you cannot trust to trade your money? Those who can answer "yes" to that question are gamblers — not traders — and they most probably won't be reading this publication anyway. Because you are reading this, we assume that you are, or hope to become a trader, in which case elementary risk management would dictate that you consider GPT-generated Pine code with suspicion and not use it to make your trading decisions. Some of the typical problems you can expect of GPT-generated Pine Script™ code are that its logic will not do what you asked it to do and that it will frequently fail to compile because its syntax is malformed, among other reasons because it mixes up different versions of Pine. Consequently, we have decided not to allow requests to fix GPT-related code in the Q&A forums where PineCoders answer programming questions. We believe this is the best way to support our community's all-important volunteers who contribute their valuable time and knowledge to help Pine programmers facing programming challenges. Our Q&A forums are not indicator-writing services for traders who do not code in Pine. For that, traders can use our list of Trusted Pine Script™ Programmers for Hire to find a reliable freelancer they will pay to do the work for them. Our Q&A forums for Pine Script™ programmers are:  • Stack Overflow  • "PineCoders Pine Script™ Q&A" room on Telegram  • "Pine Script™ Q&A" chat on TradingView If you are interested in learning Pine Script™, start here . Whether you program or not, do not miss the opportunity to explore our 100,000-strong Community Scripts published by TradingViewers who so graciously share their work with our community. Disclaimer This publication is not intended as a dismissal of GPT-3. Originally designed to process requests to generate text, the successive versions of ​GPT have turned out to be increasingly adept at producing relatively good-quality text, so much so that it is often difficult for humans to detect that a program wrote it. See on the chart above, for example, its own text on the subject we explore in this publication, or this paper it wrote about itself. We can certainly foresee many uses for GPT-generated text, although it does bring to light challenging ethical questions. Look first. Then leap.
TEducation
by TradingView
7
Trading is a waste of time Trading is a waste of time - until you do this! Welcome back for another exciting video, an educational video, and an eye-opening video for a lot of traders, and I have given it a very, very interesting title that is Trading a Waste of Time. Let's find out in this short video. Recently reading a book called The Best Loser Wins. It's written by Tom Hoggard , he goes by the name of Trader Tom on YouTube .And I urge you to check him out. There are some things that I have learned from his book and I'd like to share it with you. The particular data is of 2019 and these brokers are all located in European Union and, by law they are required to post the failure rates , how many clients are losing money in their market in their accounts. Out of a hundred clients, 89 clients were in a loss. And the situation is same for almost each and every broking houses. So eventually the brokers are making money, but the clients are not. Whenever as a beginner or even a seasoned trader, we are looking at these data and we believe that we are not in this statistical data. We are in the winning percentage in the remaining 10%, but it's not like that for the markets. We are just a statistic. Right? And even if you look at the top 10 broking forms in the world, the majority of people are in a loss. So that really makes us ask this question. Is trading really a waste of time? Are we just wasting our time in trading? And a lot of people, it's a very fine detail and a lot of people might agree with me that, in the initial stages it's really hard to be consistent in making money, right? And I'll discuss the reason with you because this particular reason is not discussed. The social media of Twitter, YouTube, it has all created an image where if you're not doubling your money every month, then you are a loser in the market. But in fact, trading is a very tough profession and it's really hard to make money and initial days protecting your money is one of the biggest tasks in surviving in the market. Protecting yourself from ruin is one of the biggest achievements in trading. So whenever we are starting our journey as a trader, where is our focus? What are the questions we are looking for? What are the things we are usually focused on? , we are on the internet looking for strategies, how to do scalping, how to do seing trading, how to use the indicators, the MACD and RSI, and how we can use different types of breakout indicators, right? These are the focal points of. I remember when I started trading, these are the things I was looking for. A hundred percent strategy, no loss strategy. These are the things that I was looking for initially, but these are usually the wrong answers. You know, in an area where 90% people are in a loss, then you need to ask yourself that. Because it has never been easier to trade because you go back 10 to 15 years, it was not easy to trade. You had to call your broker. And now we have an online trading system where we can just buy and sell stocks at an instant, right? That leads to high liquidity. And high liquidity usually means you can enter and. Very fast and you don't have to pay much for it. And you have all the tools available, especially a tool like Trading View, where you get each and every trading charts, indicators without paying a single penny. So it has never ever been easier to trade. So why are we all still losing money? We are only creating brokerage for our broking firm. This takes us to another and final topic is that in the year 2019, one Forex brokerage firm did an analysis of over 25,000 traders. And over a span of 15 months or 16 months. So that is a long period of time and over five crore trades were analyzed. So it was a very big data to analyze and that would give us a clear picture. So in that analysis it was recorded that out of hundred. , the traders were profitable in 60 of them and they lost money in 40 of them. So this is a very good data, right? Your win, your hit ratio is very high in the total amount of trades. So eventually the data is in your favor, but there's a small catch . When the traders are winning, they're winning 40 points. And when they lose, they lose around 75 points. This is a recipe for disaster. This particular thing created a lot of problems for me in the initial trades during my initial career. And this might be creating a lot of problems for people who are trading for the past one or two years in this high VIX environment because, you know, on paper, on week to week basis, you are winning And, and suddenly there's one particular day when you lose it all and that is the day when it drags your capital back to square one. So this is the biggest reason why it's very difficult for people to manage their trades. Cause it all comes down to how much you win when you win, and how much you lose when you lose. This brings us to the concept of risk . right in this modern area, uh, where option selling and creating spreads and selling naked options has been a very famous thing to do for the past couple of years. That is what happens whenever you're selling options, you have a probability of one 68%. That is a one standard deviation, right? So out of hundred trades you are going to win in 68% of them. But what you do and how you come out of the remaining 30 trades when the situation is not going to go in your favor, that is all going to matter. And that is the crux of thing that makes your journey as a successful trader. Our position in the market is very, very small for the market to know that we even exist or not. If you look at the data, if you just reverse the win and the loss points, even if you're winning only 50% of the times, then also your position is going to be in a net profit. So that's it for the guys. That makes this particular question really interesting. Is trading a waste of time? You're wasting of time, or are you smart enough to realize this thing that the other traders are doing and are in a loss? And what are you doing to improve this position and to improve your survival In this market. So that's it for you guys. I hope I have provided some value in this video, and if you found the video helpful, don't forget to follow me @piyushrawtani Trading View. And if you have any queries, feel free to post it in the comments section. Thank you very much and good night.
NSE:BANKNIFTYEducation
by piyushrawtani
13
Pullback Trading Strategy - RulesPullback Trading Strategy over 80% Success Rate Rules Moving Average - Price should above 200 Period Moving Average Entry - 10 Period RSI Below 30 Exit - 10 Period RSI Above 50 Stop Loss - Recent Swing Low I hope you understood the pullback trading rules. Chart 1 : Reliance 9.68% Up The price was clearly above the 200 Period Moving Average in the chart below, and the RSI 10 period was below 30, indicating that the pullback rule was satisfied. Chart 2 : SBIN 9.4% Up The price was clearly above the 200 Period Moving Average in the chart below, and the RSI 10 period was below 30, indicating that the pullback rule was satisfied. Chart 3 : TCS 3.13% UP Pullback rule satisfied Chart 4 : Bank Nifty 2.51 % UP Chart 5 : Wipro 3.76 % UP I hope you enjoyed it. Please share and comment if you found this content useful.
NSE:NIFTYEducation
by TheNewsCrypto
19
Divergence Cheat Sheet / Types of DivergenceWhat is divergence? Divergence is a method used in technical analysis when the direction of a technical indicator, usually some form of oscillator ‘diverges’ from the overall price trend. In other words, the indicator starts moving in the opposite direction to the price and the trading oscillator signals a possible trend reversal. Once divergence appears, there is a higher chance of a reversal, especially if divergence appears on a higher time frame. Oscillator indicator for divergence patterns is Weis Wave Volume, macd, the RSI, CCI, or stochastic OBV. Types of divergences There are 4 types of divergence, which are broadly classified into two categories: 1) Regular or Classic Divergence 2) Hidden Divergence With each of these two categories, you have a bullish or a bearish divergence. Therefore, the four types of divergences are summarized as: 1) Regular Bullish Divergence 2) Regular Bearish Divergence 3) Hidden Bullish Divergence 4) Hidden Bearish Divergence Divergence patterns indicate that a reversal is coming soon and becoming more likely but this is not an instant change. The more divergence there is visible, the more likely a reversal does become. Here are some guidelines: The entry can not be taken on the basis of divergence indicator alone. It’s best if a trader mixes the divergence indicator pattern with their strategy. Use Higher time Frames.
NSE:ELGIEQUIPEducation
by AfnanTAjuddin
22
'RESUME' the trend journey with a 'PAUSE' candleDefinition:- As the name suggests pause candle is the candle formed in between the trend, the change is usually opposite the trend i.e. if the underlined script is moving in an uptrend then the pause candle will be of negative change and the color will be red and vice-versa. The pause candle indicates a pause in fresh positions by market participants and an entry chance for players expecting reversals. Also, it's an opportunity for new players to enter the trend i.e. for those who have missed the initial trend. Rules or Characteristics of a pause candle:- 1. Prior candles should be aggressive i.e. large candles of the opposite color. 2. It is generally of very small size as compared to the previous one and of the opposite color. 3. Volume is considerably low as compared to previous candles. 4. The RSI level of the spot where this candle originates is usually between the band of 35-75. The psychology behind the pause candle:- In the market everything has a cause and a reason similar pause candle also conveys its message to the market players. The generation of the pause candle signifies that there is fatigue among the participants who were driving the stock or are taking some break. Also, it alerts that new hands have entered into the trend and are trying to offer resistance. Those who are looking for reversals spot this candle and enter into trade with the hope of reversals, they are generally weaker hands. Bigger hands those who were the driving force of the trend also want the new player to enter the trend so that they hunt them down and resume the rally at a lower price. How to trade pause candle:- Now, as small players, we don't know what goes inside but try to predict the message through the candle. If a pause candle is formed it doesn't mean the exhaustion of trend or reversal rather indicates a pause in fresh market position. But, here the aggressive trader enters with trades opposite to the trend. At this stage, two cases arise, note talking for an uptrend:- -> The next candle's high crosses above the high of the pause candle: Maximum times this is the case that arises, here the candle after the pause candle crosses the high of the pause candle now what does this indicate? The indication is that the trend drivers or bigger hands are active again and those who have taken a position against the trend are trapped and will try to escape hence, the move will be much sharper as compared to the initial trend. How to benefit in this case? When you spot such a pause candle that is formed after a continuous trend set it to alert candle and wait for the next candle to form. If the next candle crosses the high of the pause candle take the position along the trend and your stop would be the low of the pause candle which is generally too small and ride the sharper trend which is usually equal to the initial one. -> The next candle's low crosses below the low of the pause candle: Though not arises usually sometimes it does occur, here the candle after the pause candle crosses the high of the pause candle now what does this indicate? The indication is that the trend drivers or bigger hands are in the backseat and are not seeing further upside also there is a chance that they can book profits at this level. How to benefit in this case? When you spot such a pause candle that is formed after a continuous trend set it to alert candle and wait for the next candle to form. If the next candle crosses below the low of the pause candle take the position against the trend and your stop would be the high of the pause candle which is generally too small and ride the reversal trend which is usually half of the initial one. This case comes under the reversal candlestick patterns on which earlier an article was published by me but here we are concerned about a pause candle after which rally resumes. Here, is an example of a different scenario though it doesn't match the above said cases but still the background is of a pause candle. HIL was trading above a rising trendline and suddenly breakdown the line after which we see continue 2-3 red candles following the candles a pause candle is formed with all the above-discussed properties but rather than showing the sharp downfall it again forms a pause candle but note stop loss is not triggered. Here 3-4 pause candles are formed and finally it breakdown all the low with a big red candle and then afterward we saw a huge, sharp downfall. The motive to explain the above example was that though sometimes we don't see rapid action but if your stop is not triggered and the candles are with the low volume then you can assure that a sharp move is pending and sooner or later it will happen. Note: The only constraint is to identify the correct pause candle for which you can refer to the above-said rules are very important. Sometimes the candle after the pause candle crosses both the high and low of the pause candle in that circumstance you have to check the color of the candle, for uptrend it should be green then you can take the position else if it's red then wait for the next candle, and vice-versa for the downtrend.
NSE:NIFTYEducation
by Chaser30
5
#crudeEducational video as how to identify a double top pattern. A double top is a bearish technical reversal pattern which is not so easy to spot as one needs a confirmation of a break down point. Question comes, How to identify the target of Double top pattern! After the confirmation of the pattern, your minimum target is equal to the size of the formation. In other words, when a stock breaks out of a double top formation, the price target is the range of the formation added to the breakout level.
MCX:CRUDEOIL1!Education
by CA_Chetanbhasin
How to compare relative performance between stocks and indices ?You can compare the relative performance by using the compare option on charts. The compare function tool is used to compare the market movements of two or more different symbols simultaneously. Popular use for a comparison chart is comparing two companies within the same sector. Click on the Compare or Add symbol button (displayed as plus sign) on the toolbar along the top of the chart, search and add the indices/stock which you would like to compare. You will see a representation of the percentage comparison from the beginning price point to the current price. To delete the comparison line right-click on it and click on ‘Remove’. This example is comparison chart of Nifty Bank and Nifty PSU Bank. After 12 years i.e. 1st November, 2010 - 7th November, 2022: Nifty Bank - 214% Positive Nifty PSU Bank - 31% Negative Nifty PSU Bank has given breakout. I hope this little information on comparing indices/stocks is useful. Please feel free to write any additional information in the comments section below. Thanks and happy learning/trading. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:CNXPSUBANKEducation
by MandeepSinghKohli
📚Learn More💰Earn More - Inverse Head and Shoulders in EURCAD📚 LEARN MORE 💰 EARN MORE Inverse Head and Shoulders Definition: A head and shoulders pattern is also a trend reversal formation. It is formed by a Valley (left shoulder), followed by a Lower Valley (head), and then another Higher Valley (right shoulder). A “Neckline” is drawn by connecting the highest points of the two Peaks. Neckline resistance does not need to be strictly horizontal. This illustrates that the downward trend is coming to an end. When a Head and Shoulders formation is seen in a downtrend, it signifies a major reversal. The pattern is confirmed once the price breaches the neckline resistance. In this example, we can easily see the head and shoulders pattern. How to Trade the Head and Shoulders Pattern: ENTRY: we put an entry order above the neckline. TARGET: We can also calculate a target by measuring the lowest point of the head to the neckline. This distance is approximately how far the price will move after it breaks the neckline. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Education
by ForecastCity_ME
2
'LEAP' the 'GAP' with the knowledge !!!Definition of a Gap:- - Gap is a space left behind by a script in its price chart. - It is the area of discontinuity price in the respective script. - The reason may be anything but generally it occurs due to sudden changes in the sentiment of the market due to some events or news related to the particular script. Types of Gaps:- 1. Common Gaps - These gaps are not so certain to be considered. They are visible casually and almost every day as we have seen Nifty gaps up or down daily without any event or news. They have a high tendency to be filled (price generally comes back to that gap). 2. Breakaway Gaps - A much more significant gap indicates the start of a new trend. Often seen at resistance or support points for example a stock is trading in a small band bounded with resistance and support and suddenly breaks the band with a gap on either side, now this gap indicates the start of the new trend which is according to the level which is broken. Higher volumes at the gap point further confirm the move. 3. Runaway Gaps - Runaway gaps are quite similar to the above one but, the major difference between them is runaway gaps are seen in the middle of the trend and breakaway gaps are seen before the trend. This gap indicates the strength of the trend and confirms the buying/selling interest in the stock. This gap generally occurs in aggressive buying/selling interest due to news or events. 4. Exhaustion Gaps - These gaps occur at the stage of exhaustion of the trend i.e. the trend is very close to finishing. If spotted correctly it could provide you exit at a very sweet spot. It is a typical sign of trend reversal. It generally occurs after the spike in the price of the stock. This indicates that the market players are not interested to take the position at such a high/low price. The volumes would be unusual in this case. My Observation: Breakaway and Exhaustion gaps can be spotted with help of RSI, if you RSI at choppy levels i.e. 40-60, and a significant gap is formed it is generally a breakaway gap. And if RSI is at extreme levels i.e. 15 or 85 and a significant gap is formed it is usually an exhaustion gap.
NSE:NIFTYEducation
by Chaser30
5
Technical Market Indicatorslet us understand what the different types of TECHNICAL MARKET INDICATORS in brief 😎Trend indicators are stronger than any other technical market indicator:- A market trend is a tendency of a stock market to move in a particular direction over time These trends are classified as secular trends for long time frames, primary trends for medium time frames, and secondary trends lasting short times Trend indicators are always lagging indicators as a trend has to establish first, before it can be measured 😎 Breadth indicators are designed to confirm a price action or an existing trend Breadth indicators are measuring the overall strength of a price action or an existing trend by analyzing the proportion of the overall stocks or volume that are participating in the market’s up or down move Some measures of market breadth involve the volume of rising stocks compared to the volume of falling stocks 😎 Measure the investing behavior of certain trader groups Contrarian market indicators attempt to measure the overall bullish or bearish attitude towards the market among traders and investors (market sentiment) or tracking down the investing behavior of smart money and dumb money Those indicators lead and/or confirm price actions Somehow they are a mixture between trend- and breadth indicators and oscillators 😎 Oscillators are leading indicators as they lead a price move Oscillators are leading indicators as they lead a price move They move above and below a centerline (center oscillators) or are banded (banded oscillators) between two extreme values The banded oscillators are designed for discovering shortterm overbought or oversold conditions. As the value of the oscillator approaches the upper extreme band the stock market is deemed to be overbought, and as it approaches the lower extreme it is deemed to be oversold ALL THESE INDICATORS HAVE THEIR OWN ADVANTAGES AND COMPLICACY I have tried to share details in bried hope you enjoyed reading it disclaimer - shared as read
NSE:TATAMOTORSEducation
by sankhyainvestments