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Banknifty Nifty Vwap with Previous day Vwap strategy simple

Banknifty Nifty Vwap strategy simple

One of the strategy for VWAP for Banknifty and Nifty is to consider the closing of previous day VWAP on Banknifty/Nifty Futures Chart. Now let’s Draw a horizontal line which will be indicated as PVWAP or Previous Day VWAP. Now on the current day chart VWAP indicator is added when the price breaks through PVWAP line with relatively higher than average volume say atleast 40k on 3 min candle of Banknifty , you can go long or short.

For safer traders, you can always wait for price to pullback to PVWAP and check for rejection like long wicks. Once you spot it, you can go long/short accordingly.

Now the gap between PVWAP and CVWAP(current VWAP) … Read the rest

Support and Resistance in Trading

Support and Resistance in Trading Stocks, Indices – Importance

Support and Resistance in Trading Stocks, Indices – Importance

Now we Cover here are below important must know elements in Trading Stocks

  1. Support and Resistance Defined
  2. The Basics on how they are calculated
  3. Trendlines
  4. Moving Averages
  5. Other Indicators

Significance of Support and Resistance Zones

Support and resistance levels are used by technical analysts to identify price points on a chart where the odds favour a pause or reversal of a prevailing trend.

Trading level support and resistance are undoubtedly two of the most hotly debated aspects of technical analysis. These terms are used by traders to refer to price levels on charts that act as barriers, preventing the price of an asset from being pushed in a particular direction.

 … Read the rest

NR4 Candle Strategy 5

NR4 and NR7 Trading Strategy – contraction and expansion technique

Narrow Range 4 and Narrow Range 7 (NR4 and NR7 Trading Strategy)  – contraction and expansion technique

The NR4 and NR7 Trading Strategies assist us in locating stocks ahead of time so that we can prepare for and profit from impending stock movement. The market goes through regular contraction and expansion cycles, which is where the NR4 and NR7 Trading Strategies excel.

In this trade setup, you should patiently wait for the market to enter into contraction, which means for the range of the bars to narrow. When we see NR4 or NR7, we can expect a larger price movement and direction. It is a breakout and reversal pattern that aids in profit generation after a range.

What we cover

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Support and Resistance in Trading

nr4 and nr7 trading strategy in Intraday with inside bar formation and ORB- trusted trading technique

nr4 and nr7 trading strategy in Intraday with inside bar formation and ORB- trusted trading technique

Today’s we cover most used and tested technique for trading intraday. the theory here is that stocks dont make move’s all time but they move in waves where after a period of days like 7 and 4 where a candle makes lowest range(high and low of a day) compared to last 4 or 7 days then that day is called nr4 and nr7 day respectively and is expected to make a move that day.

In nr7 trading strategy

that is after a nr7 candlestick day is formed like explained above nr7 stock for that reason nr4 and nr7 trading strategy takes place the next … Read the rest

CPR with Resistance and support levels

Central Pivot Range (CPR) Indicator – The best Indicator for trading

Central Pivot Range (CPR) Indicator – The best Indicator for trading

Pivot points are one of the most elementary yet powerful indicators used in Technical analysis for trading both for swing trading or Intraday. It is comprised of a pivot line surrounded by a series of support and resistance levels which helps in predicting the price movements in trends. There are different types of pivot points used by price action traders. The one main one is Central Pivot Range or CPR Indicator.

What is Central Pivot Range (CPR)?
Central Pivot Range is a versatile technical indicator usually comprising of 3 levels – a central pivot point (pivot), top central level (TC), and bottom central level (BC).

The calculation of the
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Strategy 5 RSI Indicator

Relative Strength Index (RSI) – Best Technical Indicator for Trading Stocks, Index and all

Relative Strength Index (RSI)

What Is the Relative Strength Index (RSI)?

The relative strength index (RSI) is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. The RSI is displayed as an oscillator (a line graph that moves between two extremes) and can have a reading from 0 to 100. The indicator was originally developed by J. Welles Wilder Jr. and introduced in his seminal 1978 book, “New Concepts in Technical Trading Systems.”

Traditional interpretation and usage of the RSI are that values of 70 or above indicate that a security is becoming overbought or overvalued and may be … Read the rest