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Here are five books that every day trader should consider reading: These books offer valuable insights and practical advice on how to become a successful day trader. However, it’s important to remember that there is no substitute for experience, and traders should always conduct thorough research and develop their own trading strategies based on their … Read more
Developing a trading plan is an essential step for any trader who wants to succeed in the markets. Here are some steps you can take to develop a trading plan: Remember that a trading plan is a living document that should be reviewed and updated regularly to reflect changes in market conditions, your trading goals, … Read more
One of the most commonly used strategies by day traders for index trading is the opening range breakout strategy. This strategy involves identifying the high and low of the first 30 minutes of trading for an index such as the Nifty or the Sensex, and then buying or selling when the price breaks through this … Read more
Trend Following : Most common strategies that Indian traders use for trading for Day trading and swing and long term investment in stock market and index i.e nifty Bank nifty and nifty. There are several common strategies that Indian traders use for trading. Here are some of the most popular ones: It is important to … Read more
There are several bearish candlestick patterns that are widely used by traders in the Indian market. Here are some of the most common ones: Bearish Engulfing Pattern: This pattern consists of two candles – the first is a bullish candle and the second is a larger bearish candle that engulfs the first one. It is … Read more
A bullish candlestick pattern is a pattern that indicates a potential bullish trend reversal in the market. Bullish candlestick patterns are characterized by a small or non-existent lower shadow, and a long upper shadow, with a body that is typically green or white. Here are some examples of bullish candlestick patterns: Traders can use bullish … Read more
Elliott Wave Theory is a popular tool used by traders and investors to identify potential market trends and reversals. Developed by Ralph Nelson Elliott in the 1930s, this theory is based on the idea that financial markets move in predictable patterns, which can be identified and analyzed. According to Elliott Wave Theory, financial markets move … Read more
Fibonacci retracements are a popular tool used by investors and traders to identify potential levels of support and resistance in a financial market. These levels are derived from the Fibonacci sequence, a mathematical pattern that appears throughout nature and has been applied to financial analysis. The Fibonacci sequence is a series of numbers where each … Read more
When it comes to analyzing stocks, technical analysis is a popular method used by traders and investors. One of the key components of technical analysis is chart patterns. Chart patterns are graphical representations of historical price movements of a stock or other financial asset. They are used to identify potential future price movements and are … Read more
An Introduction to Oscillators: Oscillators are chart indicators that can assist a trader in determining overbought or oversold conditions in ranging (non-trending) markets.What oscillators are best for day trading? Oscillators are one of the most important tools in technical analysis when it comes to understanding the behavior of the stock market. An oscillator is a … Read more