Posts

Showing posts from June, 2023

TradingView -Improve Trading on 1,00,000 Virtual Money

Image
  TradingView TradingView is the World's most used technical analysis charting software for day traders and swing traders. it's fast, reliable, powerful and free. There is a paid version also. But with my experience free version is enough for our fulfillment.       TradingView is my #1 choice for charting software. This platform is used by more than 50 million traders in present day worldwide.     It allows traders to view chart, add some useful indicators and analyze real time data to accurately predict the stock price movements and to get a profit from short term swings. Charts and Technical Analysis Charting is the reason you're considering using Tradingview . You won't be disappointed. You can choose from; 14  Chart types 20+ Time frames 90+ Drawing Tools  100+ Pre-built indicators 1,00,000 + community build indicators 70+ Exchanges from worldwide       Paper Trading In addition to the above charting features, Trading view offers paper trading ( virtual money of

StockEdge - Simplify Stock market Analysis

Image
 OVERVIEW StockEdge is India's best and fastest growing Equity Market Analysis platform with a 100 % focus on research and analytics. It helps the Indian trader and investor to make better investment decisions by providing them an excellent in depth information about market related terms. It also has an educational content section where it will help young population to learn about various facts of equity market. There are 100's of Share market app's available on the play store. So the first question may have arise in your mind is that why should I download another app. StockEdge has been created with the purpose of making stock market analysis easy to understand.     News & Updates section  - The idea behind Stockedge is that they want us to spend minimum time and earn maximum. Spend at least 15 mins daily before market opens to know about the important happening of the market with the news data. FII/DII activity - If you want to keep a track of Foreign investors or Do

Varsity - A Great Initiative by Zerodha

Image
  "Zerodha" - Largest Stock Broker in India "Zerodha" is founded by Nithin Kamath in 2010 to overcome the problems he faced during his initial years of trading in the stock market. Presently, Zerodha has changed the landscape of the Indian Broking Industry.         Nithin Kamath, Founder & CEO     Varsity - An Educational initiative by Zerodha Varsity is a wonderful and in depth collection of stock market knowledge created by Mr. Karthik Rangappa at Zerodha. It is openly accessible to everyone and is one of the largest financial education resources on the web. There are total 15 modules on Zerodha's Varsity which will help you to gain a stock market knowledge as well as financial knowledge. Introduction to Stock Market Technical Analysis Fundamental Analysis Futures trading Options Theory Option Strategies Markets and Taxation Currency, Commodity and Government Securities Risk Management and Trading Psychology Trading Systems Mutual Funds Mind Over Mar

Volume Analysis

Image
Volume Volume is defined as the number of shares, or contracts traded, whether for a stock or an index. Volume can be seen on an hourly time frame, a day, a week, a month, etc. The analysis of volume is a basic and very important element of technical analysis. The intensity and strength of a given price move can be judged by studying volume. The greater the volume the more active that stock is. As in the figure below of Reliance stock, the volume bars are usually plotted at the bottom of any chart represent the volume of trading.   The Importance of Volume Volume and Trends combination In technical analysis volume is used for both confirming trends and also for confirming chart patterns.Volume is an important indicator for analyzing the strength of a move. For example, if an up or down move is accompanied by high volume, the move can be said as a strong move. As we have seen in the previous chart patterns blog's, during the consolidation period the volume is usually null or very l

Four Phases of Market

Image
Important Phases of Market  Hello Everyone...!! This Blog is going to be a very important one. Generally, Stock market is a cycle of 4 periods. We can compare this to the seasons of the nature like Summer then Rainy season and after that the Winter season.  Exactly in the same way there is an Accumulation, Rally, Distribution and finally Decline in the stock market. Let's understand this on the following figure: Phase 1 : Accumulation Major moves on the upside starts with the process of accumulation. This phase is powered by a Big player i.e. Big investors who realize that the market has good scope to rise further in the near future. So they starts building their positions and wait for the up move. Phase 2 : Rally / Uptrend Next is a rally phase. in this phase technical traders takes participation. The large scale participation results in the rise of prices. Media and news channels are also buzzed with the good news about the stock on market which attracts more traders to buy the

Continuation Chart Patterns

Image
 In the previous blog we have seen different types of reversal chart patterns which are effective. In this blog let's discuss the types of continuation chart patterns. Continuation Chart Patterns :  1. Bull Flag : Bull flag is the pattern where after a certain up move there is price consolidation for some amount of time and after that price starts to move upside again. Basically, there is price breakout happening after the consolidation period. 2. Bearish Flag : Bearish flag is same as bull flag but the difference is it is formed during a down trend. After a good downtrend price consolidates for a certain time and after a breakout prices starts falling continuing a down trend. 3. Ascending Triangle: Ascending triangles are formed during an uptrend. They are continuation patterns and shows continuation of existing trend. Upper line of the triangle pattern is horizontal while there is an another upward sloping line which complete the ascending triangle. 4. Descending Triangle Desce

Type's of Chart Patterns

Image
Chart Patterns Technical analysis is based on the premise that history repeats itself. Until now we have learnt about Trends, Trend lines, Support & Resistance and Candlesticks patterns all of these are the important parts of the technical chart. But there are some patterns form in the historical period which helps in predicting the future market move. These patterns are called as chart patterns. Broadly, there are two types of chart patterns. 1. Reversal Patterns : These are the patterns which tells that there is going to be a change in the current market trend at the point from which market reverses. Most important reversal patterns are as follows. Head and Shoulder Inverted Head and Shoulder Double Top and Double Bottom 2. Continuation Patterns : Basically, continuation pattern is a resumption of trend after a consolidation of price movement. Following are the examples of the continuation pattern. Flags Ascending and Descending triangle Symmetrical Triangles Pennants Rectangle

Candlestick Patterns

Image
Trading Candlesticks Candlesticks,  are obviously an important tool used by a stock market trader. So we'll take a look at how trader identify and use candlesticks. Candlestick charting technique is founded by Japanese people almost 300 years ago. The candlestick is a vertical, square or rectangle showing the period's trading range. A wide bar on the vertical line illustrates the difference between the open price and the closing price for the said period. Take a look at following image to get basic understanding of candlestick parts: Bullish candle is a Green or White candle which opens at low price and closes at high price for certain time period. Bearish Candle is a Red or Black candle which opens at high price and closes at low price. In the above picture you can see that there are upper shadows and lower shadows. Shadow basically means a price rejection from a certain price level. The candle with longer shadow whether it is upper or lower one suggest a price reversal from a

Support and Resistance

Image
Support and Resistance is an important part of  Technical analysis.  Let's discuss what is "Support" ? Support level is like a war where buyers wins against the sellers. Support is a level where there is strong demand. Simply at support levels, buyers are in large numbers as compared to sellers. The logic behind this is that as the price goes lower it becomes cheaper which attracts more buyers to initiate their positions. By the time when that price is at support level, demand will overcome supply which means buyers win the war against sellers. Let's take a look on recent Reliance industries chart: There are the times when the price does not hold the support levels because of reducing number of buyers and that level fails. As more sellers comes to play and win the war against buyers price breaks the support level and starts to decline.After support level break, they can become the new future resistance level. Let's understand with the example. Resistance Resistan