KOTAK BANK - MY VIEW The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Please keep your comments useful & respectful.
Keep it simple, keep it Unique.
Thanks for your support
Tradelikemee Academy
Saanjayy KG
Educationalposts
Unlocking the Power of Option Analysis for Forex TradingFiltering Options by Sentiment: A Key to Profitable Trading
As traders, we're constantly on the lookout for ways to gain an edge in the markets.
Option portfolios analysis is not a magic solution for success itself, but it can and should be a great tool to add to your trading strategy.
Learning how to analyze the option portfolios of big and successful players on one of the world's biggest exchanges can really improve your market awareness and give you more confidence when reading the current market trends.
The Power of Option Analysis
Option analysis is not just about identifying bullish or bearish sentiment. It's about understanding the nuances of market psychology and identifying opportunities that others may be missing. By filtering options by sentiment, we can identify portfolios that are more likely to result in profitable trades.
Key Factors to Consider
When filtering options by sentiment, there are several key factors to consider:
1. Size and value of the option portfolio
2. Distance from the central strike (Delta)
3. Time to expiration
4.Appearance on the rise/fall of the underlying asset
By considering these factors, we can identify option portfolios that are more likely to result in profitable trades.
As mentioned above, option portfolios with names such as vertical spread, butterfly, and condor (in English - VERTICAL SPREAD, IRON FLY/FLY, CONDOR/IRON CONDOR) have predictive sentiment regarding the direction of the asset's price movement. However, it is critically important to be able to filter out such sentiment, since similar portfolios are widely used and appear almost daily in CME exchange reports, but only a small percentage of them have predictive value.
Portfolios that are traded during a price movement with an obvious trend have low value. On the other hand, if a portfolio appears in a sideways market before the start of a trend and meets other conditions, which will be discussed later, it is reasonable to fix such a portfolio on the chart and subsequently track its correction (closure/partial closure/re-sale).
If you "caught" such a portfolio that is already generating profit for its owner, i.e., the price is moving in the desired direction, you get an additional bonus: by tracking changes in this portfolio, you can understand whether the price movement will continue in the chosen direction or whether the movement is fading or has exhausted its potential and it's time to close your position.
It is necessary to track changes daily using QuickStrike and GlobexTradeBrowser by CME GROUP.
If you track less frequently, you can lose the thread of sentiment. I recommend performing analysis on a regular basis.
Some examples:
On July 17th, there was a really big beat on the Japanese yen in the options market for October. The bed was based on the idea that the yen futures would go up (or the dollar/yen forex rate would fall). As we saw, the bat started to pay off almost immediately, and the yen came really close to the target in just a few days!
Could we have used this information for forex trading? Absolutely. The risk-reward ratio on this trade was about 1 : 3, but importantly , when we made this trade, we had real insider information. Insiders are required by the exchange to disclose their trades, just like other market participants.
Not using this free information in your trades would be a big mistake for a serious trader who doesn't want to gamble in market.
Another example:
In April this year, we saw a strong bullish option sentiment for Silver prices rising between $32 and $35, based on a large options portfolio stated at around $27.5. We released our forecast for Silver, and you can find a copy of it with our reasoning at the link
Cooper example:
The forecast was made after analyzing option activity on the CME exchange on April 2. You can check the results yourself and see if the time we spent studying option sentiment and analyzing was worth it.
In conclusion, as you can see, incorporating option analysis into your toolkit can really help you make more informed trading decisions.
To all serious traders, I wish you patience and dedication on your journey to trading success. Remember that mastering the art of trading takes time, effort, and perseverance. Don't be discouraged by setbacks or losses, but instead, use them as opportunities to learn and improve. Stay focused, stay disciplined, and stay committed to your goals.
Navigating the Waves: Elliott Wave Theory and Key IndicatorsEducational Technical Analysis on example chart of UFO Moviez India
Elliott Wave Analysis and Key Moving Averages
Disclaimer
This study is for educational purposes only and does not constitute trading or investment advice. The analysis presented focuses on one potential scenario based on Elliott Wave Theory and other technical indicators. Trading and investing involve substantial risk, and individuals should consult a financial advisor before making any decisions.
Introduction to Elliott Wave Theory
Elliott Wave Theory is a form of technical analysis that traders use to analyze financial market cycles and forecast market trends by identifying extremes in investor psychology, highs and lows in prices, and other collective activities. The theory posits that stock prices move in predictable patterns or "waves" based on investor sentiment.
Principles of Elliott Wave Theory
1. Wave Patterns: According to Elliott, market prices move in five waves in the direction of the main trend (impulse waves) and three waves in a correction against the main trend (corrective waves).
2. Wave Degrees: Waves are fractal in nature, meaning that smaller waves form part of larger waves, and this pattern repeats on all time frames.
3. Wave Characteristics:
- Wave 1: Usually the smallest impulse wave.
- Wave 2: Corrects Wave 1 but does not exceed its starting point.
- Wave 3: Typically the strongest and longest wave.
- Wave 4: Corrective wave that is usually less severe.
- Wave 5: Final leg in the direction of the main trend.
Current Analysis of example chart of UFO Moviez India
Based on the chart and Elliott Wave Theory, UFO Moviez India is currently suggesting an impulsive and momentum-driven 3rd of the 3rd wave ahead, with an invalidation level at 106.
Key Observations:
1. Wave Count:
- Wave (1): An initial 5-wave impulse has completed.
- Wave (2): A corrective ABC pattern.
- Wave (3): Currently unfolding with sub-waves i, ii, iii, iv, and v marked.
- Wave 3: In the larger context is forming.
2. Breakout:
- There is a breakout above the downward trendline with good volumes, indicating strong bullish momentum.
3. Key Moving Averages:
- Price Trading Above:
- 50 EMA, 100 EMA, and 200 EMA
- 50 WEMA, 100 WEMA, and 200 WEMA
- Crossed above 20 MMA
Technical Indicators and Levels
- Price: 148.54 INR (as of the latest close)
- Support Levels:
- Nearest Invalidation Level: 106 INR
- Major Support: 57.20 INR
- Resistance Levels:
- Immediate Target: 175.58 INR (Wave 1 of larger degree)
- Fibonacci Extension Target: 220.51 INR (1.618 extension of Wave 1)
Conclusion
The Elliott Wave analysis of example chart of UFO Moviez India indicates a potentially strong bullish trend as the stock is in the 3rd wave of a larger impulse. The breakout above the trendline with significant volume further supports this bullish outlook. However, it is crucial to monitor the invalidation level at 106 INR, as a break below this level could invalidate the current wave count and suggest a different scenario.
Educational Purpose Notice
This analysis is provided for educational purposes only. It is not an investment or trading advice or tip. Trading and investing in financial markets involve risk, and it is important to do thorough research and consult with a financial advisor before making any investment decisions.
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Mastering Elliott Waves: Key Rules You Can't IgnoreEducational Idea : Understanding Key Principles of Elliott Wave Theory
Introduction
Elliott Wave Theory is a powerful tool used by traders to analyze market cycles and forecast future price movements. Understanding its core principles can help you make more informed trading decisions. In this article, we will delve into three fundamental principles of Elliott Wave Theory that cannot be violated. Remember, this video is purely for educational purposes and not intended as trading advice or tips.
1. Wave 2 Can Never Retrace More Than 100% of Wave 1
The first principle of Elliott Wave Theory is that Wave 2 can never retrace more than 100% of Wave 1. In other words, Wave 2 cannot go below the starting point of Wave 1. If it does, it invalidates the wave count and suggests that the initial impulse wave (Wave 1) was incorrectly identified. This rule ensures that Wave 2 is a correction wave within the larger trend and not a reversal of the trend itself.
Example Illustration:
- If Wave 1 starts at 100 and peaks at 150, Wave 2 can retrace to any level above 100, but not below it.
2. Wave 3 Can Never Be the Shortest Among All Three Impulse Waves (1-3-5)
The second principle states that Wave 3 can never be the shortest among the three impulse waves (Waves 1, 3, and 5). Typically, Wave 3 is the longest and most powerful wave, characterized by strong momentum and volume. If you find that Wave 3 is shorter than either Wave 1 or Wave 5, the wave count is incorrect, and you need to re-evaluate your analysis.
Example Illustration:
- If Wave 1 is 50 points and Wave 3 is only 30 points, while Wave 5 is 40 points, this violates the rule as Wave 3 is the shortest.
3. Wave 4 Cannot Enter the Territory of Wave 1 (Except in Diagonals & Triangles)
The third principle asserts that Wave 4 cannot enter the price territory of Wave 1. This means that the lowest point of Wave 4 should not overlap the highest point of Wave 1. An exception to this rule occurs in diagonal and triangle patterns, where some overlap is permissible. This rule helps maintain the integrity of the impulse wave structure.
Example Illustration:
- If Wave 1 peaks at $150 and Wave 4 retraces to $145, this overlaps and invalidates the wave count unless the pattern is a diagonal or triangle.
Conclusion
By following these principles, you can ensure that your Elliott Wave analysis remains robust and accurate, helping you navigate the complexities of the financial markets with greater confidence. Understanding and applying these key principles of Elliott Wave Theory can significantly enhance your market analysis and trading strategies. Keep these rules in mind as you study and apply Elliott Wave Theory in your trading journey. Remember, this video is purely for educational purposes and not any kind of trading advisory or tips.
This content is for educational purposes only and should not be considered as financial advice. Always do your own research before making any trading decisions.
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Feel free to share your thoughts or questions in the comments below. Happy trading!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:CERA India toilet boom 🚽 get set go..Half of India couldn't access a toilet 5 years ago. Modi built 110M latrines
Incorporated in July 1998, Cera Sanitaryware Ltd is headed by Mr Vikram Somany; the company manufactures sanitaryware and faucets and outsources wellness products and tiles. The sanitaryware and faucet plants are in Kadi, Gujarat, with capacity of 36 lakh and 18.5 lakh pieces per annum, respectively.
#
The Company has been constantly launching new designs in Sanitaryware, Faucets and Tiles. The new designs are indigenously developed by in-house teams, after feedback from the market. This helps the Company to be seen a leader in product offerings. #
NSE:CERA
Gold Breaks 4HR Liquidity Zone: Reversal or Continuation?We provided a really clear outlook on XAU/USD yesterday evening at the start of Asia Session to look for a move to the top side or a possible start to reversal depending on reaction to the support zone being offered.
Today we have a BEAUTIFUL 4HR LQZ being shown in this chart that we are currently participating inside of. Will price reverse after hitting our TP or Do we continue to follow the trend that is being given.
CORE LESSON:
When gold is in areas of unknown price that you have never traded before the TREND is your friend. You can find yourself wanting the market to do something because it fits your BIAS and plan better but the market is the wild west and it doesn't have to do anything you want. You anticipate and don't get caught on the side of just reacting to price.
Yesterday evening at the start of the Asia Session, we provided a crystal-clear outlook on XAU/USD. We were looking for a move to the upside or the potential beginning of a reversal, depending on the reaction to the support zone.
Today, we are witnessing a BEAUTIFUL 4HR LQZ on this chart, and we are currently trading within it. The big question now is: will the price reverse after hitting our TP, or will it continue to follow the existing trend?
CORE LESSON:
When gold trades in uncharted territory, the trend is your friend. It's easy to develop a bias and want the market to fit your plan, but remember, the market is like the wild west—it doesn’t have to do what you want. Stay ahead by anticipating market moves and avoid getting caught reacting to price action.
ADDITIONAL INSIGHTS:
Understanding market psychology is crucial in these scenarios. Traders often get trapped in emotional decisions, influenced by fear and greed. Maintain discipline and stick to your trading plan. Watch for key levels and patterns that can indicate potential reversals or continuations.
Utilize proper risk management strategies to protect your capital. Setting stop-loss orders and taking profits at predefined levels can help mitigate risks and secure gains. Always be prepared for multiple scenarios and adjust your strategies accordingly.
Remember, successful trading is about adapting to market conditions and making informed decisions based on thorough analysis. Stay patient, stay focused, and keep learning from each trade to improve your skills and outcomes.
Unlock the Secrets: Is GOLD the Ultimate Trade Today?Unlock the Secrets: Is GOLD the Ultimate Trade Today?
In this episode, I dive into the current conditions of the gold market, providing a comprehensive breakdown on how to form an objective opinion. Drawing inspiration from "Market Wizards" and "Trading in the Zone," I share insights from legendary traders who emphasize the importance of patience and discipline in trading.
Learn essential lessons on patience, understanding that you don't need to force trades or impose your personal bias on the market. Discover why it's perfectly fine to skip trades daily or even weekly if the market doesn't align with your setup. Mark Douglas, in "Trading in the Zone," highlights the significance of a trader's mindset and how maintaining an objective perspective is crucial for consistent success.
I also share valuable advice on productive activities to engage in while waiting for the right trade opportunities. Just as the great traders in "Market Wizards" stress, sometimes the best trade is no trade at all. Use this time to refine your strategies, study market patterns, and enhance your trading skills.
Remember, running in place won't get you anywhere—focus on strategic moves to elevate your trading game. By incorporating these principles and understanding the psychological aspects of trading, you'll be better equipped to navigate the complexities of the gold market.
Gold Buyas i have given an idea previously potential buy Path for gold and Gold has performed exactly i said idea did great now what i am seeing a potential upward rally in Gold and gold will potentially reach its Daily resistance level now we will wait and buy gold if it breaks its 4H resistance level which most probably is going to be broken now waiting for gold to break 4H resistance potentially Retest or spend some time over it then we will buy the pair based on price action
EURUSD Buyas in my previous analysis lastly i have told that EURUSD will go buy if the pair break counter trend line and we have seen that the pair have broken the trend line and we have enjoyed the upper rally yesterday and today as the market had opened Gap Up we were waiting for the pair to reach to our POI and the pair has reached there the Gap is filled market is going upwards price action also gives the confirmation and on support its double bottom too so we are long here
Fear and Greed Index: Decoding Crypto Market Sentiment!Hey everyone! If you enjoy this content, please consider giving it a thumbs up and following for more analysis.
The cryptocurrency market is known for its volatility, and emotions can often drive trading decisions. The Fear and Greed Index attempts to quantify these emotions, providing a snapshot of investor sentiment at a given time.
What is the Fear and Greed Index?
The Fear and Greed Index is a composite score ranging from 0 (Extreme Fear) to 100 (Extreme Greed).
It analyzes several data points to arrive at a single value:
Volatility:
Higher price swings indicate greater fear, while lower volatility suggests a calmer market.
Market Momentum:
Rapid price increases point to greed, while sustained price drops signal fear.
Social Media Sentiment:
Analyzing the tone of social media discussions about cryptocurrency can reveal fear or greed.
Survey Data:
Polls and surveys gauging investor sentiment are also factored in.
Dominance:
The market share of Bitcoin (BTC) relative to other cryptocurrencies is considered.
How to Interpret the Fear and Greed Index:
0-24: Extreme Fear: This indicates a potentially oversold market where investors are panicking. It might be a buying opportunity for long-term investors with a high-risk tolerance.
25-49: Fear: The market is cautious, and prices could go either way.
50-74: Greed: Investor sentiment is becoming optimistic, potentially leading to price increases. However, be cautious of entering a potentially overbought market.
75-100: Extreme Greed: Euphoria reigns, and prices could be inflated. This might be a good time to take profits or exercise caution before entering new positions.
Is the Fear and Greed Index Manipulated?
Can people mess with it? Kinda. They might try to fake positive social media stuff to make the index look more greedy than it is. Also, the way the index weighs different things can be tweaked a bit.
But here's the thing: There's a lot of data going into the score, so it's not super easy to manipulate. Plus, everyone knows how it works, so investors can take it with a grain of salt.
The Fear and Greed Index at 47 (Neutral)
With a current score of 47, the Fear and Greed Index suggests a neutral market sentiment. Investors are neither overly fearful nor excessively greedy. This could indicate a period of consolidation or a wait-and-see approach before the market makes its next move.
Remember:
The Fear and Greed Index is just one data point among many. Always conduct your own research and employ a comprehensive trading strategy before making any investment decisions.
SMART MONEY CONCEPT EXPLAINEDThe Smart Money Concept (SMC) involves understanding the behavior and strategies of institutional investors to inform trading decisions. Within SMC, there are several key components and strategies, including concepts like CHoCH (Change of Character), BOS (Break of Structure), FVG (Fair Value Gap), and others. Here's an in-depth explanation of these concepts:
1. Change of Character (CHoCH)
Definition
CHoCH refers to a significant shift in market sentiment or trend. It's a point where the market changes direction, indicating a potential reversal.
Identification
Higher Highs to Lower Lows (or vice versa): In an uptrend, CHoCH occurs when the market stops making higher highs and starts making lower lows, signaling a possible downtrend.
Volume and Momentum Shifts: Increased volume or momentum in the opposite direction can also indicate a change of character.
Application
Entry/Exit Points: CHoCH helps traders identify potential entry and exit points by signaling when a trend might be reversing.
2. Break of Structure (BOS)
Definition
BOS occurs when the price breaks a significant support or resistance level, indicating a continuation or reversal of the trend.
Identification
Support/Resistance Levels: When price breaks these levels with strong momentum, it signals a BOS.
Swing Highs and Lows: A break above a previous swing high or below a previous swing low is considered a BOS.
Application
Trend Confirmation: BOS helps confirm the direction of the trend, allowing traders to align their trades with the prevailing market direction.
3. Fair Value Gap (FVG)
Definition
FVG represents a price gap left in the market where there was a rapid price movement, often due to high volatility or significant market orders.
Identification
Price Gaps: FVGs are visible as gaps on the price chart where little to no trading occurred.
Imbalance Zones: These are zones where the buying and selling are not balanced, leading to rapid price movement.
Application
Retracement Points: FVGs often act as magnets for price, as the market tends to revisit these gaps to fill them, providing potential retracement or entry points for traders.
4. Other Major Parts of the Smart Money Concept
Liquidity Pools
Definition: Areas in the market where a large number of orders are clustered, typically around key support and resistance levels.
Application: Institutions often target these areas to trigger stop-loss orders, creating liquidity for their trades.
Order Blocks
Definition: Consolidation areas where institutions place large buy or sell orders, creating a base for future price movement.
Identification: These are visible as zones of consolidation on the chart.
Application: Order blocks can act as strong support or resistance levels, providing potential entry or exit points.
Institutional Candles
Definition: Large candlesticks that represent significant institutional activity.
Identification: These candles are usually much larger than the surrounding ones and often occur at key levels.
Application: They signal strong buying or selling interest from institutions, indicating potential future price direction.
Stop Hunts
Definition: The practice where institutions push the price to trigger stop-loss orders placed by retail traders to create liquidity.
Identification: Sudden, sharp price movements towards obvious stop-loss levels.
Application: Recognizing stop hunts can prevent premature exits and provide entry points at better prices.
Market Cycles
Accumulation Phase: Period where smart money is building positions, often characterized by sideways price movement with low volatility.
Mark-Up Phase: After accumulation, the price starts to move upward rapidly as institutions push the market in their favor.
Distribution Phase: Institutions begin to offload their positions, leading to sideways movement with high volatility.
Mark-Down Phase: Following distribution, the price moves downward rapidly as institutions sell off their positions.
Gold SellAs i have predicted earlier that gold will go down as it is forming a Bearish Flag pattren but at that time fundamental got in as a CPI news but i am still stick to the plan from a good Markup price of 2330 which is also a physiological level and a strong support became resistance through which gold has taken resistance almost 2 times in current scenario now gold is going upwards for liquidity sweep and then will rally down to fill FVG and take out sell side liquidity also in higher time frames and major trend of gold is down trend so we won't change our plan being bearish
Keep trading guyz only take care of ur capitals R:R for money management is all what we traders have got
We can't control the market but can control our losses
Solve a WEEKLY PUZZLE :)See the screenshot below.
Imagine this is the only data you have and only timeframe.
What will happen in the nearest future?
Price will go up to green, stays in the grey range, or down to red?
Answer in the comments with your arguments, and later I'll publish a video breakdown.
EurUsd BuyTypically speaking i am buy baised on EURUSD but its in sell trend as it has broken daily trendline with a high volume sell candle which has left a fair value Gap which is to be filled so the pair shall have to fill the gap and then go for a sell so we are waiting for pair to its direction a simple scalp trade is buy trade
EURUSD BuyEURUSD Long as we have seen in previous times it has given good of the short trades but it seems like that short is almost over price action can also be seen which shows us market is almost exhausted wich can also be observed through volume which shows us market is indecision we are long in EurUsd in time we will wait for rectangular range which after breakout we will go long
IPO Investing: Bad or Very Bad ?IPOs can be enticing opportunities for investors to jump into potentially high-growth companies from their early stages. While IPOs can offer significant returns, a strategy of investing in every IPO that hits the market is not considered prudent.
Let us explore several key reasons why such an approach is unwise for investors.
Lack of Information:
IPOs often lack comprehensive financial history and operating data. As a result, investors have limited insights into the company's performance, growth prospects, and competitive positioning. Investing without adequate information increases the risk of making uninformed decisions and exposes investors to potentially unprofitable ventures.
Limited Track Record:
Since many IPOs are relatively young companies, they often lack a substantial track record in navigating economic downturns or industry-specific challenges. Assessing their long-term sustainability is just impossible.
High Valuations:
IPOs tend to be priced at a premium to attract investor interest. Especially, When innovative companies go public, It becomes difficult to value such companies owing to the absence of any market comparable. The result is higher valuations. An epic example is NSE:PAYTM . Also, If you boost this post, It would help us to reach many like-minded investors like you.
Uncertain Performance:
When valuations are high, so are the expectations. Newly listed companies face challenges in meeting the high expectations set by the market. While some perform exceptionally well, others struggle to deliver. This brings panic.
Diversification Concerns:
Investing in every IPO can create an imbalanced portfolio. The preset proportions may go haywire. Especially, when investors are forced to become long-term investors in a company due to a substantial decline in the stock price post listing.
Conclusion:
While IPOs may offer the allure of early-stage growth and potential windfall gains, investing in every IPO is not a wise strategy for investors. The lack of information, market volatility, high valuations, uncertain performance, and limited track record are among the key concerns. Instead, investors should approach IPOs cautiously, conduct thorough research, and focus on building a diversified portfolio that aligns with their risk tolerance and long-term investment goals.
Have Insights or Questions? Let us know in the comments below.👇
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
INDIGO: A quick refueling is due??Okay, This one was requested by our newest follower @anurag3235
We are keeping the chart simple and self explanatory as always.
Although, One important thing to know is that the public shareholding in Indigo is mere 2%. Confused on if you should invest? We have a post that will help you make up your mind. Direct link is below:
What should we analyze next?
Have Requests, Questions, or Suggestions? DM us or comment below.👇
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
More Than Money 💸Hello, friends! 😊 What do you associate trading with? 🧐 For most of us it's exchanges and investments are primarily associated with big money. However, trading in the financial markets not only provides opportunities for earning but also for significant skill development and personal growth.
Here are the top 4 qualities that trading helps to develop:
1. Strategic thinking 🧠
Systematic approach and having a well-thought-out strategy distinguish a professional trader from a gambler. Seeing that Bitcoin is rising and immediately buying it – that's not how it works: You need to follow rules to earn not situatively, but in the long term. First and foremost, adhere to risk management, which determines 90% of success.
The main rules of risk management in trading that are useful in any endeavor:
In trading: Invest no more than 1-2% of your deposit in one trade.
In life: Don't put everything at stake for short-term gain: soberly assess what you can risk so you won't regret it later.
In trading: It's not so important how much you earn. It's more important how much you lose or don't lose.
In life: Weigh the pros and cons of every serious decision.
In trading: Diversify risks, invest in different instruments so that potential losses from one asset are offset by profits from another.
In life: Always have a plan B, and preferably plan C as well, to achieve your goal. Because if something can go wrong, it will.
In trading: Cut losses to a minimum, let profits grow.
In life: Don't waste energy, time, and resources on what doesn't bring benefits or doesn't work out. Strengthen what's strong: focus on what You do best.
2.Stress tolerance 🫨
Trading is not the easiest way to earn a living: you need to be mentally prepared for both profits and losses, not succumb to emotional impulses, and maintain self-control. Sometimes you have to " rise from the ashes " and start over from scratch. However, just like in life. Only 2-3% of traders have natural resilience: the rest need to develop it.
Here are some tips from me, which I have formulated from my own experience:
"To develop resilience, allow yourself to make mistakes, take on challenges, and solve complex problems. In doing so, you become stronger."
"Learn to be flexible, not confined to your internal boundaries. "
"Don't be afraid to be yourself, to develop internal freedom and individuality, so you can accept your mistakes without criticism. A successful trader is confident, free from societal judgment, and doesn't need to be perfect: they pursue their own goals, not dreams imposed by others."
3. Independence 🕊️
One of the main advantages of trading is freedom : there are no bosses above you, you manage your own time and resources, and you are solely responsible for your actions. You decide how, where, and how much to invest, what risks to take, and so on.
The ability to take responsibility for oneself, not blame others for one's mistakes, and be independent in decision-making is a quality that is valued not only in trading. Independent, self-aware individuals progress faster in their careers, build harmonious relationships, and establish large-scale businesses.
4. Developing 🎓
You can't learn trading once and for all: the market is not static, it's constantly changing. Yesterday, for example, only a few knew about cryptocurrencies, and today fortunes are made on them.
So don't miss the opportunity to learn more , interact with like-minded individuals. Thanks to the Trading View platform for providing such an opportunity. Here You can create your own charts, see what others think, and study educational content.
In conclusion , folks, trading is a unique simulator that develops discipline, forecasting skills, responsibility, independence, psychological resilience, and a drive for self-improvement. All You need is diligence, discipline, and a community of like-minded people! Wishing You success!😘
🫶If You found this post interesting, hit the like button or as it's called now (boost) and subscribe so You won't miss out!
Always sincerely yours, Kateryna💙💛
The Famous Monkey Story in Every Markets!The Famous Monkey Story in Every Market!
Once upon a time, a rich man from the city arrived in a village. He announced to the villagers that he would buy monkeys for $100 each.
The villagers were thrilled, as there were hundreds of monkeys in a nearby forest. They caught the monkeys and brought them to the rich man, who paid $100 for every monkey they gave him. The villagers began making a living by capturing monkeys from the forest and selling them to the rich man.
Soon, the forest began to run out of monkeys that were easy to catch. Sensing this, the rich man offered $200 for each monkey. The villagers were ecstatic. They went back to the forest, set up traps, caught more monkeys, and brought them to the rich man.
A few days later, the rich man announced he would pay $300 per monkey. The villagers started climbing trees and risking their lives to catch monkeys and bring them to the rich man, who bought them all. Eventually, there were no monkeys left in the forest.
One day, the rich man announced he would like to buy more monkeys, this time for $800 each. The villagers couldn’t believe their luck. They desperately tried to catch more monkeys.
Meanwhile, the rich man said he had to return to the city for some business. Until he returned, his manager would handle transactions on his behalf.
Once the rich man left, the villagers were unhappy. They had been making quick and easy money from selling monkeys, but now the forest had no monkeys left.
This is when the manager of the rich man stepped in. He made an offer the villagers could not refuse. Pointing to all the caged monkeys, he told the villagers he would sell them for $400 each. They could sell them back to the rich man for $800 each when he returned.
The villagers were over the moon. Buy for $400 and sell for $800 in a few days—they had found the easiest way to double their money. They collected all their savings and even borrowed money. There were long queues, and within a few hours, almost all the monkeys were sold out.
Unfortunately, their happiness did not last long. The manager went missing the next day, and the rich man never returned. Many villagers kept the monkeys, hoping the rich man would come back. But soon, they lost hope and had to release the monkeys back into the forest, as feeding and caring for the noisy monkeys became extremely difficult.
This is exactly what happens when you buy low-quality companies in the stock market. There will be a low-priced stock that no one is interested in buying. A few rich men will suddenly start buying it. The stock price will rise because there are suddenly many buyers and very few sellers—a classic case of huge demand and no supply, like the monkeys in the forest.
The stock gets plenty of coverage on business channels and newspapers. These rich men will also use tricks like sending out bulk SMS messages, asking people to buy the shares for huge returns, and giving free tips. New and inexperienced investors, hoping to double or triple their investment, get lured in. Finally, the big players who bought the stock early when no one wanted it sell it back to inexperienced investors at high prices.
Don’t be greedy—there is no quick money in the stock market or in life. It takes time and effort to become wealthy, and there are no shortcuts.
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Divergence - asset price directionDivergence is the discrepancy between the direction of an asset's price and the readings of an indicator. There are three types of divergences: classical, extended, and hidden. The first two can be used to gauge market sentiment and to trade in the opposite direction. Hidden divergence, however, is more significant and can serve as a powerful supplementary factor in determining the price direction and opening positions.
The use of extended divergence is not necessary, as it rarely occurs and forms at equal highs or lows. In such cases, an indicator is not needed to gauge market sentiment; the chart itself will suffice.
Classical Divergence
Classical divergence indicates a potential trend reversal or the beginning of a correction. Bullish classical divergence is identified when a lower low (LL) forms on the chart while a higher low (HL) appears on the indicator.
The masses buy when classical bullish divergence appears, anticipating significant growth. An upward price movement may begin, but after short-term liquidity for buying is exhausted and the price rebalances, a reversal will occur, and the decline will continue. Long positions opened during the correction will become unprofitable. In a bear market, classical bullish divergence typically appears before the start of a correction.
Bearish classical divergence is identified when a higher high (HH) forms on the chart while a lower high (LH) appears on the indicator.
The masses sell when classical bearish divergence appears, expecting a significant decline. A downward price movement may begin, but after short-term liquidity for selling is exhausted and the price rebalances, a reversal will occur, and the growth will continue. Short positions opened during the correction will become unprofitable. In a bull market, classical bearish divergence typically appears before the start of a correction.
The formation of multiple divergences is common. The masses will seize every opportunity to open their positions, leading to unprofitable outcomes. The number of divergences before the start of a correction is not limited. It is recommended to wait for the price to react after reaching the resistance zone. In the example above, the correction began after partially filling the imbalance on the 1D timeframe within the imbalance on the 1W timeframe.
Hidden Divergence
Hidden divergence serves as a confirmation of trend continuation.
Bullish hidden divergence is identified when a higher low (HL) forms on the chart and a lower low (LL) appears on the indicator.
In an uptrend, hidden bullish divergence may form before the continuation of growth, acting as a strong supplementary factor in determining the future price direction and considering positions.
Bearish hidden divergence is identified when a lower high (LH) forms on the chart and a higher high (HH) appears on the indicator.
In a downtrend, hidden bearish divergence may form before the continuation of the decline, acting as a strong supplementary factor in determining the future price direction and considering positions.
Notes
- The RSI (Relative Strength Index) indicator is used to identify divergences.
- RSI is plotted without considering candle shadows.
- Divergence should be viewed as an additional factor to your analysis, not a standalone tool.
- Divergence below the chart will always be bullish, while divergence above the chart will always be bearish.
HINDALCO: METAL TO METTLE?Hey There, Welcome Back.
We are not big fans of industries that are on the commodity (Raw Material) side of the value chain, But for those who don't mind, Here is everything you should know about Hindalco.
- A support trendline has been pushing the price up
- An ascending triangle was formed with the recent 6M consolidation
- A breakout candle broke both the AT Range and crucial resistance zone
- The breakout came in as a Bullish engulfing that adds to the positives
- Overall for the last 15 months, the price has been sideways
- If you draw a resistance line from top, We saw a breakout of that too. Not the most reliable trendline, but it still adds to the analysis
- Price is nicely above 200EMA
- Previously the price failed to sustain the 500 mark. What will it do this time?
Have Insights or Questions? Let us know in the comments below.👇
While you do that, how about a boost for some motivation🚀
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
Devyani: Looks like its Pizza Hut time!Hey there, Welcome back to a new case study.
Here is everything you need to know about NSE:DEVYANI :
- Devyani had a tepid journey so far since its IPO.
- The price stayed in a 50 point range for the last 20 months
- It defined support and resistance zones that were actually respected. Both bulls and bears have been trapped by the break of zones a.k.a. False breakout
- For the past 2 months, the price is consolidating at the resistance zone which is a huge plus
- The small bodies and big wicks show clear indecision. The volumes dried out during this phase. That usually happens when the price consolidates.
- It also has a 200 psychological level adding to its resistance
- Do give us a 🚀 for our efforts as it takes a lot of time to compile these pointers
- Stock is trading at 24.3 times its book value while the stock PE stands at 116
- A quick PE comparison at the same price point shows that the stock has gotten expensive (This is relevant if you invest with a long-term perspective. Trading is a game of momentum)
- A good close and sustenance above the resistance zone can bring momentum on the upside.
What do you think will happen next?
Have Requests, Insights, or Questions? Let us know in the comments below.👇
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻