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Showing posts from February, 2024

TradingView features for technical analysis in the Indian market!

  TradingView Features for Indian Market Analysis: Since you're interested in a deeper dive, let's explore specific functionalities of TradingView catering to the Indian market: 1. NSE & BSE Integration: Access real-time and historical data for stocks listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) directly on the platform. View detailed information for each stock, including price quotes, company financials, news, and analyst ratings. Create custom watchlists to track specific stocks or indices relevant to your trading strategy. 2. Advanced Charting Tools: Utilize various chart types like candlesticks, Heikin Ashi, Renko, and line charts to visualize price movements and identify patterns. Apply a wide range of technical indicators, including moving averages, MACD, RSI, Bollinger Bands, and custom indicators created with Pine Script. Utilize drawing tools like trendlines, support & resistance lines, Fibonacci retracements, and various geom

Tradingview the Best Trading /Charting Platfom for share and stock market (2024)

  Tradingview is the best  Trading /Charting Platfom for share and stock market (2024)  About TradingView: TradingView is a leading web-based charting and analysis platform for traders and investors across various asset classes. Its core features include: Advanced Charting Tools: TradingView offers a vast range of chart types (candlesticks, Heikin Ashi, Renko, etc.) along with an extensive selection of technical indicators and drawing tools. You can customize these to suit your analysis strategies. Real-Time Market Data: The platform provides real-time data feeds from major Indian exchanges like the NSE (National Stock Exchange) and BSE (Bombay Stock Exchange), enabling you to make informed decisions based on the latest market movements. Multiple Asset Classes: TradingView covers stocks, indices, commodities, forex, and even cryptocurrencies relevant to the Indian market. Social and Collaborative: You can connect with a global community of traders, share ideas and strategies, l

How to Buy on the Dip with Pivot Points and Support/Resistance: A Strategy Overview (Stock Market)

  Buying on the Dip with Pivot Points and Support/Resistance: A Strategy Overview The "buy on the dip" strategy involves purchasing an asset when its price falls to a perceived undervalued level, aiming to profit from a subsequent price increase. Pivot points and support/resistance levels can be helpful tools in identifying potential entry and exit points for this strategy. Here's how it works: 1. Calculate Pivot Points: Pivot points are calculated based on the previous day's high, low, and closing prices. They act as a central reference point, with additional support and resistance levels (S1, S2, R1, R2, etc.) calculated around it. 2. Identify Support Levels: Support levels represent areas where buying pressure is likely to increase, potentially halting the price decline. Pivot point support levels (S1, S2) can be used as initial reference points. 3. Analyze the Trend: Before buying, it's crucial to understand the overall market trend (uptrend, downtrend, s