Candlestick Patterns That Work: Myth vs. RealityCandlestick patterns have long been a favorite among technical traders.
From engulfing candles to dojis and hammers, these formations aim to predict market direction based on price action.
But with so many patterns and interpretations floating around, it’s important to ask: which candlestick pat
TradingView Multi-Chart Layout: Analyze Multiple MarketsEffective market analysis requires tracking multiple assets simultaneously. TradingView’s multi-chart layout allows traders to monitor different markets, time frames, and instruments within a single workspace.
1. Why Use the Multi-Chart Layout?
Compare Different Markets: Analyze stocks, forex pa
Finnifty - Oct 8Morning session was trending and afternoon session was choppy today. We have a big consolidation zone now.
Buy above 23440 with the stop loss of 23400 for the targets 23480, 23520, 23560 and 23620.
Sell below 23360 with the stop loss of 23400 for the targets 23320, 23280, 23240, 23200 and 23160.
Che
FINNIFTY1! // level // 1dNifty Financial Services Index, you can follow this approach:
Support Levels
Recent Lows: Identify significant low points over the past few weeks or months. For example, if FINNIFTY recently dropped to around 18,500, that could be a support level.
Moving Averages: Check the 50-day and 200-day movin
Finnifty - Oct 1Price is consolidating after giving good fall. Sustaining above the current level is important to be bullish.
Buy above 24720 with the stop loss of 24680 for the targets 24760, 24800, 24840 and 24880.
Sell below 24640 with the stop loss of 24680 for the targets 24600, 24560, 24520, 24480 and 24400.
19Sep2024 - FIN NIFTY Predictiosn (next trading Day)Based on your provided FIN Nifty daily and 5-minute time frame charts, here is the specific analysis:
1. Support and Resistance Levels for Next Trading Day:
Support Levels:
24,200: Strong psychological and technical support.
24,100: A more conservative support level in case of a deeper correctio
FINNIFTY1! (Nifty 50 Index) Looking good today FINNIFTY1! (Nifty 50 Index)
Support Levels:
Fibonacci Level: 16,500 (23.6% Fibonacci retracement of the 2022-2023 rally)
Trend Line: 16,400 (the lower end of the ascending trend channel)
Psychological Level: 16,300 (a significant round number)
Resistance Levels:
Fibonacci Level: 17,100 (61.8% Fib
How do Indicators Work in Trading?Trading indicators are essential tools that help traders analyze market trends and make better decisions.
By using historical price data and various mathematical formulas, these indicators provide insights into market conditions and potential future movements.
Whether you are tracking moving aver
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The nearest expiration date for FINNIFTY FUTURES is Feb 25, 2021.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell FINNIFTY FUTURES before Feb 25, 2021.