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Showing posts with the label Price Action

Technical analysis| Nifty form bearish candle on weekly basis

 Bearish candle in nifty!what to do? On December 16, the Nifty50, a stock market index in India, closed at 18,269, a decrease of 0.79% from the previous day. This decline was influenced by growing fears of a potential recession and nervousness in global markets. At the start of the day, the index opened lower at 18,319 but briefly recovered to reach a high of 18,441 before falling to a low of 18,255. For the week, the Nifty lost 228 points. In terms of technical analysis, the Nifty formed a bearish candle with a long upper shadow, which resembled an Inverted Hammer pattern on both the daily and weekly charts. This pattern is often seen as a bearish signal, suggesting that the Nifty could continue to decline from its current levels. The next support level is expected to be the 50-day simple moving average, which is a measure of the Nifty's average price over the past 50 days, at the 18,100-18,000 range. On the other hand, the immediate resistance zone is expected to be at 18,400. In...

Difference between Fundamental analysis & Technical analysis

 Diffrence between Fundamental analysis & Technical analysis Fundamental analysis and technical analysis are two approaches used to evaluate securities and make investment decisions in the financial markets. Fundamental analysis involves analyzing a company's financial statements, such as its balance sheet and income statement, to determine the company's value and assess its potential for long-term growth.  Technical analysis, on the other hand, involves studying price trends and chart patterns to forecast future price movements in the market. While both approaches can be useful in the stock market, there are key differences between fundamental and technical analysis. Technical analysis is based on the idea that market prices reflect all relevant information and that past price movements can be used to predict future price changes. Technical analysts rely on tools such as moving averages and chart patterns to make their forecasts. In contrast, fundamental analysis focus...

what is price action trading?

 What is Price Action Trading?  Price action trading is a form of technical analysis that focuses on the movement of prices rather than on indicators or patterns. It involves analyzing the price movements of a security to identify potential opportunities. Table of Content - The Benefits of Price Action Trading - How to Learn Price Action Trading - What Charts to Use in Price Action Trading      The Benefits of Price Action Trading: There are many benefits to price action trading, including:   - Increased Accuracy:  When you trade based on price action, you are relying on pure market data. This means that your trades are more likely to be successful than those based on indicators or patterns.   - Greater Flexibility:  With price action trading, you have greater flexibility in terms of when you can enter and exit trades. You do not need to wait for specific signals like you would with other forms of analysis. ...

Fundamental & Technical analysis of Skipper Ltd - Grow More

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 Skipper metzer india LLP: Fundamentals:  About company Skipper Ltd is engaged in manufacturing and selling of Transmission & Distribution Structures and Pipes & Fittings. It also undertakes EPC projects in the infrastructure segment. KEY POINTS Market Leadership Skipper is the market leader in the manufacture of T&D structures and distribution poles. It is positioned among the 10 largest global T&D structure manufacturers. It is India’s largest and world's only Integrated T&D company having its own Structure rolling, manufacturing, Tower Load Testing Station & Transmission Line EPC. Product Portfolio Engineering (74%)   - Power Transmission Tower, Power Distribution Poles, Monopoles, Telecom Tower, Railway Structures, MS & High Tensile Angles, Solar Structures, Fasteners, and Tower Accessories. Polymer (21%)   - UPVC Pipes, CPVC Pipes, SWR Pipes, HDPE Pipes, CP & PTMT, Polymer Water Tanks, and Fittings. Infrastructure (5%)   - T...

Fundamental & Technical Analysis of Delta Corp Limited

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 Delta Corp Limited About Company: Delta Corp is currently operates in the Gaming, Hospitality and online skill gaming segment   Delta Corp Ltd is the largest gaming company in India and they are the only listed company in the casino gaming with 2000+ live gaming positions. They have managed to capture 55% of market share in the organized casino market and it has three major areas of business.   Technical analysis of Delta Corp Ltd. Technical Chart of Delta Corp Ltd As you can see in the above image we have a detailed technical chart of delta corp on a daily time frame. As you can see the stock is taking support again and again on the trendline and some accumalation is building in it. Its a clear sign of a bulish rally. Today on the 28th november stock has gain almost 5.14% itself. If stock able to break the given resistence and sustain above the resistence then it will be a massive rally towards given target as you can see in the image.   236 is a major resistence ...

what is RSI. (Relative Strength Index)

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  What is RSI? Before we leap on to knowledge RSI, we will find out about oscillators. I recognize oscillators sound complicated however don’t worry, that’s what i'm right here for. An oscillator is a tool that moves in a selection. It has a trend indicator that fluctuates within that variety (imagine something like a pendulum). This fashion indicator movements in reaction to the current rate movement of an asset. RSI is the most popular oscillator used by technical analysts. It became introduced by means of J. Welles Wilder Jr. In 1978. RSI is a main indicator that measures the depth/strength inside the fee motion all through a selected look-returned length. Commonly, 14 days look-back period is used for calculating RSI. The price of RSI movements among zero to a hundred. RSI = 100 – [100 / (1 + RS)], Where Relative strength (RS) = Average Gain / Average loss over the look-back period. As RSI is without difficulty calculated for us on charting structures, we won’t be focusing at t...

Trading Psychology Tips - Learn and Apply

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Best Trading Psychology for Trader  Trading psychology is one of the maximum critical elements of trading, but also one of the most neglected. To end up a a hit, worthwhile trader, you should grasp the artwork of trading psychology. But how can one do that? That will help you recognize this essential subject matter, we've compiled a listing of our pinnacle trading psychology hints. Allow's get started out!   Table of contents   What is Trading Psychology? 7 Trading Psychology Tips  Trading Psychology - Final Thoughts   What is Trading Psychology? Whilst we communicate about buying and selling psychology, we speak about your mind and feelings whilst trading. We communicate approximately area being capable of master their mind to come to be a ruthless trading gadget! It need to come as no marvel that feelings may be one among the largest obstacles inside the way of turning into a successful trader. Worry and greed are the main two, which hinder a trader's progres...

What is Algo Trading in Stock Market

 Whilst you liberate your cellphone and open any application, it features based on algorithms. What you do, what you spot, and how the application is custom designed to suit your alternatives, the purpose is algorithms. With the arrival of superior technologies, almost each sector is basing its effectiveness in this piece of logical code. Algorithms leverage user information, beyond styles, and a delegated set of prespecified instructions to attain the set dreams. As an example, an set of rules is utilized by Mutual Fund companies to deduct the set amount out of your financial institution account each month towards a SIP.  Algorithms aren't new to the Indian economic marketplace as they are used inside the virtual transaction device to make certain trading transparency, effective user revel in, and the mitigation of lags or glitches. But, using algorithms isn't limited to depositories or stockbrokers. Investors actively use algorithms to avoid human errors and growth income ca...