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S&P CNX NIFTY INDEX FUTURESS&P CNX NIFTY INDEX FUTURESS&P CNX NIFTY INDEX FUTURES

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NIFTY1! trade ideas

Price Action vs Indicators : A Fresh PerspectivePrice Action vs Indicators: A Fresh Perspective The comparison between price action and indicator trading has been a topic of debate for a long time. In this article, I aim to debunk some popular beliefs and provide traders with a new outlook on this ongoing argument. 1. Price Action is Better Than Indicators Price action traders often claim that their method is superior. However, both price action and indicators rely on the same historical price data. The only difference lies in how this information is processed. Indicators apply a specific formula to the price data, but they do not alter what is seen on the charts. When interpreting price action, traders are essentially doing the same mental processing. 2. Indicators are Lagging – Price Action is Leading Critics argue that indicators lag behind price action, but this misconception stems from a lack of understanding. Indicators utilize past price action based on their settings and display the results after applying a formula. Similarly, traders who analyze pure price patterns also examine past price action that has already moved away from potential entry points. Both methods rely on historical data and can be considered "lagging." To minimize lag, traders can adjust the indicator's time settings or analyze fewer past candlesticks. However, it's important to note that reducing data may result in less meaningful analysis. 3. Price Action is Simple and Better for Beginners It is often believed that price action is simpler and more suitable for beginners. However, in trading, simplicity does not always equate to effectiveness. Both price action and indicator trading require a solid understanding and correct usage of the chosen tools. Personal preferences and how traders utilize their tools play a more significant role than the debate between price action and indicator trading. In conclusion, the comparison between price action and indicators should not be seen as a competition between superiority and inferiority. Both methods have their merits and can be valuable tools for traders. It is crucial to grasp the underlying principles and use them appropriately to achieve success in the dynamic world of trading. So, choose wisely. Thanks Simranjit Singh Virdi
NSE:NIFTY1!Education
by ssvirdi
HHH999To create a trading strategy using Supertrend, Relative Strength Index (RSI), and the 200 Exponential Moving Average (EMA), you can combine these indicators to make more informed trading decisions. Here's a basic strategy outline: 1. **Supertrend**: Use the Supertrend indicator to determine the trend direction. When the Supertrend line is green, it indicates an uptrend, and when it's red, it indicates a downtrend. 2. **RSI**: The RSI can help confirm potential trend reversals. When the RSI is below 30, it suggests that the asset may be oversold and could potentially reverse upward. When the RSI is above 70, it suggests that the asset may be overbought and could potentially reverse downward. 3. **200 EMA**: The 200 EMA can act as a long-term trend indicator. When the price is above the 200 EMA, it indicates a bullish trend, and when the price is below the 200 EMA, it indicates a bearish trend. Here's a basic strategy using these indicators: - **Entry**: - Buy when the Supertrend is green (indicating an uptrend), the RSI is above 50 (confirming strength), and the price is above the 200 EMA (confirming long-term bullish trend). - Sell/Short when the Supertrend is red (indicating a downtrend), the RSI is below 50 (confirming weakness), and the price is below the 200 EMA (confirming long-term bearish trend). - **Exit**: - Exit long positions when the Supertrend turns red or the RSI crosses below 50. - Exit short positions when the Supertrend turns green or the RSI crosses above 50. This is a basic strategy outline, and you may need to adjust parameters and rules based on the specific assets and market conditions you're trading. It's always a good idea to backtest your strategy on historical data before trading live.
NSE:NIFTY1!
by hpiehp
1
Island Top - Reversal Pattern, Rsi DivergenceIsland Reversal,  A significant gap up, or sharply higher price at the open, follows an upward price trend, then reverses to a bearish price trend.  Rsi divergence implies a change in relative strength as compared to price movement.  The price has come out of the regression channel. Probably we are in the 4th wave, which means we have completed the top of the 3rd impulse wave. This would be confirmed if it closed below 21550 in the coming weeks. 
NSE:NIFTY1!
by OK_Rane
Nifty To touch 23000 or Return to 22000?*Nifty* Weekly Support: 22000 Weekly Resistance: 22600–23000 Trend: Bullish The Nifty has failed to cross and move above 22550 for the last 5 weeks, making 22550 a strong resistance. A break above this will stop only at 23000. *BankNifty* Weekly Support: 47900 => 46650 Weekly Resistance: 48900 Trend: May Reverse to Bearish BankNifty had a conical breakout and may consolidate around 48850. *FINNIFTY* Weekly Support: 21800 Weekly Resistance: 21100 Trend: May Reverse to Bearish Disclaimer: Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.
NSEIX:NIFTY1!Long
by SathishKavinchal