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BHEL - Approaching Key Support Zone (Swing Trade Setup)BHEL is currently approaching a major support zone around the 220-230 range , which has held strong in the past (highlighted by the blue arrows). This zone has provided multiple bounces previously, and it will be crucial to see how the price reacts here. Support Zone: 220-230 range Current Price: 223.70 Entry Strategy: I’ll be watching for a bullish or green daily candle to form near the support zone. Once that happens, I’ll look for a 15-minute candle to break the high of the bullish daily candle to confirm my entry. RSI Insight: The RSI is currently around 24.44 , suggesting the stock is in oversold territory, which could increase the likelihood of a bounce from the support zone. If the support holds and we get a confirmed bullish daily candle , combined with the RSI in oversold territory, this could set up for a solid swing trade. Disclaimer: This post is for educational purposes only and not financial advice. Always manage your risk and trade responsibly.
NSE:BHELLong
by gupshupblog
Swing vs. Scalping: Who Really Wins?In the world of trading, data from industry sources often paints a picture that can be misleading for individual traders. Brokers and trading platforms promote high success rates, particularly for more frequent traders like scalpers, but the reality is often far more complex. In this post, we'll break down some of the numbers presented by industry sources and contrast them with independent research to give you a clearer perspective. Industry-Sourced Success Rates According to various industry sources, here’s what the reported success rates look like: Scalper (Under 5-minute operator): Success Rate: 50-70% Reasoning: High trade frequency. Small price movements. Greater liquidity. Short-term trend strategies. Swing Trader: Success Rate: 30-50% Reasoning: Lower trade frequency. Larger price movements. Greater exposure to risk. Medium to long-term trend strategies. At first glance, it seems like scalping offers a better chance of success. More frequent trades, combined with the liquidity of short-term moves, are presented as reasons why scalpers may be more successful. But should you trust these numbers at face value? Conflicts of Interest in Industry Data These industry-reported numbers may not be as reliable as they seem. Several potential conflicts of interest come into play when brokers and trading platforms promote certain types of trading: Platform Promotion: Platforms often highlight strategies that lead to more frequent trades, as these generate higher commissions for brokers. Attracting Active Traders: Scalpers tend to make more trades, and brokers benefit from the higher transaction volume. Risk Policies: Some platforms may structure their risk management tools and incentives to favor short-term trading. What Independent Sources Say When we look at independent, non-conflicted sources, a different picture starts to emerge. Independent academic studies suggest that swing traders may actually perform better than scalpers, for several reasons: Lower Trade Frequency: Swing traders typically make fewer trades, which reduces the impact of commission fees and spreads on their returns. Focus on Trends and Fundamentals: Swing traders often use technical analysis and fundamental factors to capture larger price moves, improving their potential for larger gains. Better Risk Management: With more time between trades, swing traders tend to employ more disciplined risk management practices. Less Stress and Fatigue: Scalping requires constant focus, which can lead to poor decision-making due to stress or fatigue. Independent Studies: Swing Traders vs. Scalpers Let’s take a look at some independent studies that tell a different story from the industry narrative: University of California Study (2019): Found that swing traders had an average annual return of 12.6%, compared to 6.8% for scalpers. Journal of Trading Report (2018): Showed a success rate of 55.6% for swing traders, compared to 41.4% for scalpers. QuantConnect Report (2020): Strategies based on swing trading delivered an average annual return of 15.6%, outperforming scalping strategies. These studies highlight how swing trading can offer better risk-reward profiles compared to the fast-paced, high-stress world of scalping. Key Takeaways for Individual Traders The key lesson here is not to fall for marketing hype or industry reports that may push you towards a specific style of trading, especially one that benefits the platforms you trade on. Here’s what you should keep in mind: Be Critical: Always question the sources of information. Industry success rates might be skewed by conflicts of interest. Independent Research: Seek out independent studies, academic journals, and unbiased platforms to get a clearer picture. Understand Your Goals: Both swing trading and scalping come with risks. Choose a trading style that fits your goals, risk tolerance, and lifestyle. Focus on Long-Term Growth: While scalping may seem exciting, swing trading tends to offer better long-term results by focusing on fewer, higher-quality trades with disciplined risk management. Recommended Resources for Objective Information Academic Journals: Journal of Trading, Journal of Financial Markets. University Studies: Seek out financial studies from universities like Stanford or Berkeley. Independent Platforms: QuantConnect, Backtrader. Specialized Blogs: TradingView, Investopedia. In conclusion, while the industry may promote fast-paced trading with promises of high success rates, the reality for individual traders is often quite different. Take the time to educate yourself and base your decisions on unbiased, independent information to improve your chances of success. P.S. Stay tuned for my next post, where I'll dive deeper into the topic, going beyond the potential use of misleading advertising. I'll demonstrate, using statistical methods—specifically, a covariance analysis—why larger time frames, like those used in swing trading, are mathematically more favorable for individual traders. Don't miss it! Disclaimer: This post is for informational purposes only and does not constitute financial advice. Trading is risky, and you should always conduct thorough research or consult a financial professional before making any investment decisions.
NASDAQ:NVDAEducation
by CF_444
SWING TUTORIAL - MFSLIn this tutorial, we analyze the stock NSE:MFSL (MAX FINANCIAL SERV LTD) identifying a lucrative swing trading opportunity following its all-time high in July 2021. The stock declined by nearly 50%, forming a Lower Low Price Action Pattern, but subsequently reversed its trend. At the same time, we can also observe the MACD Level making a contradictory Pattern of Higher Highs. This Higher High Pattern of the MACD signaled the start of a Bullish Momentum, thereby also signaling a good Buying Opportunity. The trading strategy yielded approximately 80% returns in 71 weeks. Technical analysis concepts used included price action analysis, MACD, momentum reversal, trend analysis and chart patterns. The MACD crossover served as the Entry Point, with the stock rising to its Swing High Levels of 1148 and serving as our Exit too. As of wiring this tutorial, we can also notice how the stock is making a breakout and retest of the Swing High levels and trying to continue its momentum further upward trying to make a new All Time High. KEY OBSERVATIONS: 1. Momentum Reversal: The stock's price action shifted from a bearish to a bullish trend, indicating a potential reversal. 2. MACD Indicator: The Moving Average Convergence Divergence (MACD) line showed steady upward momentum, signaling increasing bullish pressure. 3. MACD Crossover: The successful crossover in May 2023 confirmed the bullish trend, creating an entry opportunity. TRADING STRATEGY AND RESULTS: 1. Entry Point: MACD crossover in May 2023. 2. Exit Point: Swing High Levels - 1148. 3. Return: Approximately 80%. 4. Trade Duration: 71 weeks. NOTE: This case study demonstrates the effectiveness of combining technical indicators to identify bullish momentum. By recognizing Price Action, MACD movements, and Reversal patterns, traders can pinpoint potential entry and exit points. Would you like to explore more technical analysis concepts or case studies? Share your feedback and suggestions in the comments section below.
NSE:MFSLEducation
by thepranam
L&T Finance - Strong Support Zone Swing Trade SetupL&T Finance has reached a key support zone around the 140-145 range , which has been tested several times in the past (indicated by the blue arrows). This zone has consistently held up, with strong rebounds, signaling significant buying interest. Support Zone: 140-145 range Current Price: 150.40 Entry Strategy: I’ll be watching for a bullish or green daily candle forming near the support zone. Once that candle is established, I’ll look for a 15-minute candle to break above the high of the daily candle. Once that happens, the entry will be confirmed. If the support holds and we get a bullish daily candle, followed by a 15-minute breakout, this could be a strong setup for a reversal. The volume spike seen here also adds confidence that buyers may be stepping back in at these levels. Disclaimer: This post is for educational purposes only and not financial advice. Always do your own research and manage your risk responsibly.
NSE:LTFLong
by gupshupblog
USOIL: Multi-Timeframe Analysis | Strong Setup FormingI've been looking at various markets recently, and USOIL really stood out to me. I want to share how I analyze markets using a mechanical top-down approach across all timeframes to form my trading bias. Top-Down Analysis: This method is crucial in my trading strategy. It helps me stay objective by focusing on what the market is indicating regarding trends and key levels, rather than letting my personal opinions cloud my judgment. By adopting a systematic approach, I've been able to reduce doubts and fears in my trading decisions. Now, let's dive into the top-down analysis process. 12M: 2W: 6H:
TVC:USOILLong
by Jasminex1x2
2
HFTs gaps: Learn how to enter a stock before a huge gap up.High Frequency Trading companies are market makers/takers that provide liquidity for the public exchanges, and they now use AI. HFTs have a huge impact on your profitability. You can make higher profits from trading ahead of the HFT gaps and riding the momentum upward or downward. In this short video, you'll learn some basics on how to identify the patterns that precede HFT gaps, which I call Pro Trader Nudges . Learn what to look for in Volume patterns and pre-gap price action. Make sure you are not chasing HFTs but riding the wave of momentum they create, just like professional traders do.
Editors' picks
NYSE:PLTREducation
by MarthaStokesCMT-TechniTrader
2
SWING IDEA - TORRENT POWERTorrent Power, a major player in the power sector, is showing strong technical signs of a swing trading opportunity. Reasons are listed below : 1650 Support Zone : The 1650 level has acted as a strong support zone, and the price is holding steady around this level, indicating potential upside. Bullish Engulfing Candle on Daily Timeframe : A bullish engulfing candle on the daily chart suggests strong buying momentum, indicating that the stock may reverse from its current support zone. Double Bottom Pattern : The formation of a double bottom pattern is a bullish reversal signal, indicating the stock may have completed its downtrend and is now primed for an upward move. 0.618 Fibonacci Level Support : The stock has bounced back from the golden Fibonacci retracement level, providing additional support to the bullish thesis. 50 EMA Support : The price is holding above the 50-day exponential moving average, adding strength to the current setup and suggesting the trend is intact. Target - 1908 // 2000 Stoploss - daily close below 1610 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:TORNTPOWERLong
by Visionary_Growth_Insights
SWING IDEA - AMBER ENTERPRISESAmber Enterprises , a leading player in the Indian air conditioning and refrigeration industry, is showing technical signals that suggest a promising swing trading opportunity. Reasons are listed below : 4600 Resistance Breakout : The 4600 level has been a significant resistance zone. The price is now breaking out above this level, indicating strong bullish momentum. Strong Bullish Marubozu Candle on Daily and Weekly Timeframes : The recent formation of bullish marubozu candles on both the daily and weekly charts indicates strong buying pressure and suggests potential for further upward movement. Trading Above 50 and 200 EMA : The stock is trading above both the 50-day and 200-day exponential moving averages (EMA), reinforcing the bullish sentiment and providing strong support levels. Higher Highs : The stock is consistently making higher highs, indicating a strong upward trend. Gradual Increase in Volumes : A noticeable increase in trading volumes confirms the strength of the price move and indicates growing investor interest. Trading at All-Time High : The stock is trading at its all-time high, suggesting strong market confidence and potential for further gains. DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:AMBERLong
by Visionary_Growth_Insights
SWING IDEA - ANGELONENSE:ANGELONE 's stock price has been retesting around the 2000 resistance level for approximately two and half years. Following multiple retest, the stock finally broke out above this level in October 2023 and has since established it as a key support. The stock subsequently surged to a peak of 3895, representing a 87% increase. However, it then experienced a sharp correction, plummeting 45% to revisit the 2000 support level again. This pivotal point, formerly a resistance, has now become a robust support. Currently, ANGELONE is exhibiting an upward momentum, poised to retest its swing high at 3895. The weekly MACD crossover, occurring after the establishment of support at 2000, indicates a bullish trend reversal. KEY OBSERVATIONS: - Two-year resistance level of 2000 broken in October 2023 - Stock surged 87% to 3895 before correcting 45% - 2000 level now serves as robust support - Weekly MACD crossover indicates bullish momentum - Upward momentum poised to retest swing high at 3895 RECOMMENDATION: Based on this technical analysis, I would recommend holding ANGELONE for a Long Term horizon. This could potentially yield: - 35% returns from the current price (as of writing) - 87% returns from the support point (2000) This analysis highlights a compelling buying opportunity in ANGELONE, driven by its breakout and momentum reversal. IMPORTANT NOTE: Investors should be aware that there is a possibility that the stock may revisit this Support level at 2000 in the near future before resuming its upward momentum towards the swing high at 3895. This potential pullback should be monitored closely, and investors may consider adjusting their strategies accordingly. DISCLAIMER: This IDEA is for informational/educational purposes only and should not be considered as investment advice. The analysis presented is based on technical indicators and historical data but does not guarantee future performance. Please conduct thorough research based on financial goals and risk tolerance, and consult with a financial advisor before making any investment decisions.
NSE:ANGELONELong
by thepranam
NZDUSD: New Low After Breakout 🇳🇿🇺🇸 Quick update for NZDUSD: the pair has recently violated a key daily horizontal support. After a breakout, the market nicely retested the broken structure and started to fall from that. With the yesterday's bearish movement, the price managed to set a new Lower Low. It is an important sign of strength of the sellers. I believe that the pair has a good potential to drop even lower. Next support - 0.599 ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
1
Zomato - Swing Long SetupZomato has already broken the entry zone on the 15-minute chart , confirming the entry price at 271 . This setup is valid only for today. Here’s the trade plan: Entry Price: 271 Target: 320.2 Stop Loss: 240.40 (Stop loss will trigger only if a daily candle closes below this level) With the entry confirmed at 271 , I’m aiming for a potential move toward 320.2 . The stop loss is set at 240.40 , but will only be triggered if a daily candle closes below this level. Important: This setup is valid for today only. I'll reassess after today's close for further action. Disclaimer: This post is for educational purposes only and is not financial advice. Always manage your risk and trade responsibly.
NSE:ZOMATOLong
by gupshupblog
Why EURUSD is Plummeting and How You Can Take Advantage of ItI am adopting a bearish bias on EUR/USD and will leverage probabilities derived from statistical and historical data to position myself for short trades. By analyzing past market trends and current economic indicators, I aim to make informed decisions that enhance my trading success. Key Fundamentals Supporting a Bearish Outlook: - Interest Rate Differentials: The U.S. Federal Reserve is likely to maintain higher interest rates, which strengthens the USD against the EUR, especially as the European Central Bank (ECB) may consider rate cuts in response to economic challenges. - Economic Performance: Recent economic data indicates that the Eurozone is facing significant headwinds, with disappointing growth figures that negatively impact market sentiment. - Market Sentiment: Current market sentiment leans bearish towards the euro, with many traders already positioned short. This collective positioning could lead to further downward pressure on the EUR/USD pair. These elements provide a solid foundation for my bearish outlook, making it an opportune moment to enter short positions. 1W: HOURLY ENTRY: If you require additional clarification, or wish to share your thoughts, don’t hesitate to drop a comment below!
Short
by Jasminex1x2
1
Bullish Outlook on XRPUSDKey Reasons for a Bullish Bias: 1. Positive Market Sentiment: XRP has recently broken through an important resistance level, which shows that traders are feeling optimistic about its future. 2. Bullish Technical Patterns: An inverted Head and Shoulders pattern has formed, suggesting that XRP might be ready for a price increase. 3. Improving Regulations: Recent developments in cryptocurrency regulations are becoming more favorable, which could attract more institutional investors to XRP. I plan to use probabilities based on historical data and the X1X2 methodology to enter long positions in XRP. Here’s why: - Learning from the Past: By looking at past price movements and historical data of XRP, I can spot biases that might help predict future behavior. - X1X2 Methodology: This method helps me identify key price levels to enter and exit trades, making my strategy more focused. - Smart Risk Management: By using probabilities, I can set stop-loss orders at strategic points, reducing my risk and making more informed decisions. In summary, with a positive market outlook and a solid trading strategy based on historical data and mathematical rules, I’m confident in taking long positions in XRPUSD. Traders, if you found this idea helpful or have your own thoughts on it, please share in the comments. I’d love to hear from you! 12M: 2W: 1H:
CRYPTO:XRPUSDLong
by Jasminex1x2
1
CHAINLINK SWING TRADINGSwing trading BINANCE:LINKUSDT Seeing that the structure has been respected, I decide to open a position now. These are my arguments: Bullish arugments: Monthly PCL being disrespected Weekly PCL being disrespected Daily swing low being disrespected 4H swing low being disrespected So far I see no bearish arguments. Trade management: SL at $9.94 which that would indicate strong rejection and would power a search for liquidity at the lower end of the range. However, there does not seem to be so much weakness to look for a lower low than the September low. TP, partials could be obtained. A partial TP would be on liquidity on the buy side at $13.90 and let profits run to ITH with SL on BE once the 1TP profit is taken.
Long
by Jaytradermb
SWING IDEA - XCHANGINGNSE:XCHANGING has been rallying since the last few months. Currently it is at a S/R zone of 128. We have to wait a couple of weeks to see if this will turn out to be a Support Zone or a Resistance zone. If it turns out to be a good Support Zone, we also have a MACD crossover incoming and once the crossover completes, it can rally up the stock at least till its Swing High Levels. Another point to note is while the Lower Low Pattern on Price Action and Higher High Pattern started forming in the April of last year, this is only the next MACD crossover we are going to see after that.
NSE:XCHANGINGLong
by thepranam
SWING IDEA - BCLINDNSE:BCLIND is currently at a good demand zone. The stock is about to close a gap which was created last March. Some good volume and market conditions and it should be able to close the gap by this week or next week. It can start pumping up more and reach its Swing High levels once the Gap has been successfully closed. Company also has a strong 1Y Beta of 1.85. MACD line and signal has a very good split which indicates strong Bullish momentum. If market conditions are good in the coming days, this trade should not have any issues completing sooner.
NSE:BCLINDLong
by thepranam
SWING IDEA - CAPRI GLOBAL CAPITALCapri Global Capital , a prominent non-banking financial company (NBFC), is showing technical indicators that suggest a promising swing trading opportunity. Reasons are listed below : 200 Zone is a Strong Support Zone : The 200 level has been established as a strong support zone, providing a solid base for potential upward movement. Bullish Engulfing on Daily Timeframe : The formation of a bullish engulfing candle on the daily chart indicates strong buying pressure and suggests potential for further upward movement. Support at 50 EMA : The stock is finding support at the 50-day exponential moving average (EMA), reinforcing the bullish sentiment and providing a strong support level. 0.618 Fibonacci Support : The stock is finding support at the 0.618 Fibonacci retracement level, a key area where prices often bounce back, indicating potential for an upward move. Increase in Volumes : A noticeable increase in trading volumes confirms the strength of the price move and indicates growing investor interest. Target - 250 // 290 Stoploss - weekly close below 197 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:CGCLLong
by Visionary_Growth_Insights