BANKNIFTY Spot:-


Watch trendline and Day High level, need to cross above these level or Reversal possible. Out of 13 Banknifty index, 9 stock positive and only 4 are negative so breath of Banknifty is still positive here @ 10:05.

Comments

Post a Comment

Popular posts from this blog

Image
                            NIFTY Spot weekly Journey through GANN Static levels                                                 ( 31 AUG to 04 SEP 2026 ) Using GANN Static levels one can easily find Reversal, support and Resistance in INTRADAY trading. as these levels calculated on the basis of MATHEMATICAL calculation. so it works very well. Most of the time Reversal in NIFTY happen near these levels. as you can see everyday NIFTY find support or Resistance near these levels. below we provide GANN Static levels which you can use for coming week. Plot these levels on your chart and observe the MAGIC of GANN static levels. for more about GANN LEVELS and how to trade based on GANN levels , follow our telegram channel https://t.me/TraderplusLIVE ---------------------------------------------------------...
Read more

How to use Fibonacci retracement

Image
  Fibonacci retracement :- Fibonacci retracement is a popular technical analysis tool used in the s tock market to identify potential levels of support and resistance. It is based on the Fibonacci sequence and the Golden Ratio, which is approximately 1.618. Traders and analysts use Fibonacci retracement levels to determine areas where the price of a stock or other financial instrument may reverse or consolidate before continuing its trend. Here's how Fibonacci retracement is applied in the stock market: Identify the Trend: First, you need to determine the prevailing trend in the stock. This can be an uptrend (higher highs and higher lows) or a downtrend (lower highs and lower lows). Select Swing Points: Identify significant swing points within the trend. A swing high is a peak, and a swing low is a trough. These swing points should be clear and well-defined. Measure the Fibonacci Levels: Using a Fibonacci retracement tool, apply it to the swing points. The tool will draw horizonta...
Read more

"Unlocking Market Insight: The Volume Profile Indicator"

Image
  VOLUME PROFILE :- The volume profile indicator is a tool used in trading to show how much trading activity has occurred at different price levels within a specific time period. It looks like a histogram on a price chart, with bars representing the volume of trades at each price level. Traders use it to identify important price levels where a lot of trading has taken place, which can help them make more informed trading decisions. High-volume areas can act as support or resistance levels, indicating where prices are likely to change direction. Volume profile is a popular technical analysis tool in the stock market that provides valuable insights into trading activity at different price levels. Here are some interesting findings and insights that traders and analysts often discover when using volume profile: 1. Point of Control (POC): The POC is the price level with the highest traded volume within a specific time frame. Traders often consider this level as significant because it ...
Read more