Nifty Intraday Levels | 13-05-2024The Green line is marked for breakout,
The Red line is marked for breakdown,
The Black lines are for the target.
Stay tuned, if any levels occur, I will update you in the comment section.
NIFTY1! trade ideas
Nifty Institutional levels | Intraday 14-May-2024Soon i will give update on how to use this IT levels in Options Trading.
Disclaimer:-
The information provided by our advisory service is for educational and informational purposes only. We do not provide investment, financial, or legal advice. Trading and investing involve risks, and past performance is not indicative of future results. Any decision to engage in trading or investment activities is at the sole discretion and risk of the individual. We strongly recommend consulting with a qualified financial advisor or professional before making any investment decisions. We do not guarantee the accuracy, completeness, or reliability of any information provided, and we disclaim any liability for any loss or damage arising from reliance on the information provided. Users are solely responsible for their own investment decisions and actions and off course we are not SEBI registered.
Nifty Institutional levels | Intraday 13-May-2024 | 9:15 ISTSoon i will give update on how to use this IT levels in Options Trading.
Disclaimer:-
The information provided by our advisory service is for educational and informational purposes only. We do not provide investment, financial, or legal advice. Trading and investing involve risks, and past performance is not indicative of future results. Any decision to engage in trading or investment activities is at the sole discretion and risk of the individual. We strongly recommend consulting with a qualified financial advisor or professional before making any investment decisions. We do not guarantee the accuracy, completeness, or reliability of any information provided, and we disclaim any liability for any loss or damage arising from reliance on the information provided. Users are solely responsible for their own investment decisions and actions and off course we are not SEBI registered.
15 M resistance 15Msupport resistance area... So Sell SL maintain. Support resistance bass trading plan. Happy Trading. Thank you.
Nifty Intraday Levels | 10-05-2024The Green line is marked for breakout,
The Red line is marked for breakdown,
The Black lines are for the target.
Stay tuned, if any levels occur, I will update you in the comment section.
Nifty Institutional levels | Intraday - 10-May-2024Soon i will give update on how to use this IT levels in Options Trading.
Disclaimer:-
The information provided by our advisory service is for educational and informational purposes only. We do not provide investment, financial, or legal advice. Trading and investing involve risks, and past performance is not indicative of future results. Any decision to engage in trading or investment activities is at the sole discretion and risk of the individual. We strongly recommend consulting with a qualified financial advisor or professional before making any investment decisions. We do not guarantee the accuracy, completeness, or reliability of any information provided, and we disclaim any liability for any loss or damage arising from reliance on the information provided. Users are solely responsible for their own investment decisions and actions and off course we are not SEBI registered.
Nifty Institutional Levels | Demand & Supply | INTRADAY TRADING
Disclaimer:-
The information provided by our advisory service is for educational and informational purposes only. We do not provide investment, financial, or legal advice. Trading and investing involve risks, and past performance is not indicative of future results. Any decision to engage in trading or investment activities is at the sole discretion and risk of the individual. We strongly recommend consulting with a qualified financial advisor or professional before making any investment decisions. We do not guarantee the accuracy, completeness, or reliability of any information provided, and we disclaim any liability for any loss or damage arising from reliance on the information provided. Users are solely responsible for their own investment decisions and actions and off course we are not SEBI registered.
Nifty Intraday Levels | 09-05-2024The Green line is marked for breakout,
The Red line is marked for breakdown,
The Black lines are for the target.
Stay tuned, if any levels occur, I will update you in the comment section.
GIFT NIFTY following the buy sell zone accurately, to hit 22500?NSEIX:NIFTY1! gift nifty fell down till major support/buy zone of 22300 and now may try to retest/break 22500 zone ahead.
GIFT NIFTY broke from the sell zone mentioned in last postNSEIX:NIFTY1! GIFT NIFTY once again felt the pressure of sell zone at the top and gave the fall while reacting to buy zones marked in previous post, now we need to follow the next fresh buy sell zones to plan the trades accordingly,
if we break the current buy zone, below are the 3 target marked, above current zell zone we may test the next sell zone.
Nifty Intraday Levels | 08-05-2024The Green line is marked for breakout,
The Red line is marked for breakdown,
The Black lines are for the target.
Stay tuned, if any levels occur, I will update you in the comment section.
Nifty Intraday Levels | 07-05-2024The Green line is marked for breakout,
The Red line is marked for breakdown,
The Black lines are for the target.
Stay tuned, if any levels occur, I will update you in the comment section.
Nifty Intraday Levels | 06-05-2024The Green line is marked for breakout,
The Red line is marked for breakdown,
The Black lines are for the target.
Stay tuned, if any levels occur, I will update you in the comment section.
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
GIFT NIFTY:Flag pattern b/outGIFT NIFTY:Has formed a flag pattern in 15M/30M Chart and as per the pattern expect a 100 point move towards 22750+(For educational purpose only)
WILL GIFT NIFTY COUNTINUE THE ATH RALLY?NSEIX:NIFTY1! GIFT NIFTY is currently trying to maintain upside move at the previous sell zone should it break abd sustain above it, we may see few more green candles on daily TF unless it starts making fresh lower low lower highs by breaking the 2 fresh buy zones created below. watch the move closely to plan your trades ahead.
Nifty Intraday Levels | 03-05-2024The Green line is marked for breakout,
The Red line is marked for breakdown,
The Black lines are for the target.
Stay tuned, if any levels occur, I will update you in the comment section.
Nifty Intraday Levels | 02-05-2024The Green line is marked for breakout,
The Red line is marked for breakdown,
The Black lines are for the target.
Stay tuned, if any levels occur, I will update you in the comment section.
NIFTY PotentialIf it is A-B-C or 1-2-3-4-5 from March 20 low, NF cold be heading towards 35K by May'27 with volatility and intermediate structure of troughs and peaks
26K by OCT'24
Possible 35K between OCT'25-MAY'27
Intermediate structure can change on its progress to higher levels.
Therefore, daily and weekly Oversold on RSI whenever happens could be opportunity.
Nifty Intraday Levels | 30-04-2024The Green line is marked for breakout
The Red line is marked for breakdown
The Black line is for the target on the upside
stay tuned, if any levels occur will update in the comment section.
GIFT NIFTY FUTURE buy sell zones analysisNSEIX:NIFTY1! nifty future bounced back from daily timeframe buy zone and ended up just below previous sell zone, with no prpoer buy zones immidiate below, we may see a drop till midzone , if manages to break above current sell zone and sustains with a retest, then we may see move till green zone quickly
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.
SHORT OPPORTUNITYNIFTY short term reversal as per the Harmonic pattern.
This analysis for educational only
