Share Market Learn With Earn India: Chart basic tools and trading

Share Market Learn With Earn India

Date. 07 August 2020

Today’s Market

MARKET SCRIP	OPEN	HIGH	LOW	CLOSE	52 WEEK HIGH	52 LOW
NSE
NIFTY 50	11186	11231	11142	11214	12430	7511
NIFTY FUTURE	11161	11250	11142	11229	12419	7526
BANK NIFTY	21620	21787	21451	21754	32613	16116
BANK NIFTY FUTURE	21600	21835	21435	21795	32773	16020
CURRENCY USD-INR	75.12	75.24	75.04	75.13	77.01	68.663
COMMODITY-GOLD	55965	56191	54690	54885	49328	332701
COMMODITY-SILVER	77949	77949	73518	74483	53181	33619
COMMODITY-CRUDE	3151	3165	3084	3094	4671	804

BSE
SENSEX	37951	38109	37787	38040	42273	25638
BANKEX	24558	24734	24328	24696	37193	18430

Market Prediction (Speculation) Factor’s

MARKET SCRIP	RESULT
VIX	22.57 (Bullish)
PCR	0.94 (Bearish)
PE	30.72 (Bearish)
DII	-438 (Range bound)
FII	397 (Range bound)
SGX NIFTY	11235 (Range bound)
DOW JONES	27433 (Range bound)
	Overall market trend bearish Range bound

Market Analysis News’s/ Business Current Affair’s

Wipro announced that it will join forces with intel to enable wipros live workspace, wipros digital workspace solution with the intel vpro platform.

Result announced HPCL, GSPL

Prince pipes and fittings ltd has entered into a technical collaboration with tooling Holland bv, a global leader in the international plastic injection moulding industry based in the Netherlands

Results declared balrampur chini mills, adani transmission, REC

Kajaria ceramics consolidated

Results for quarter ending june Emami, mahanagar gas

Alkem lab reports strong earnings for june quarter

M&M Q1 net profit drops by 92% yoy

Sobha Q1 net profit drops by 92% yoy

Triveni turbine Q1 revenue of triveni turbine declined sharply by 22.7% yoy to Rs 165 Cr

PI industries ltd revenue grew at a robust 40.6% yoy to Rs 1060 Cr

Polyplex corporation ltd the sixth largest player in the global thin BOPET film market, is well placed to benefit from strong demand for packaging products given the recent capacity expansion by 16% and high exposure to essential consumer staples packaging at 71% of sales mix

Inox leisure ltd reported better than expected EBITDA performance on the back of better cost control measures

KEI industries standalone results

Pidilite industries consolidated revenue decreased by 56.5% to Rs 877.8 Cr

Learning Point/ Educational Study Point

Chart Basic tools-

A trendline is formed when a diagonal line can be drawn between a minimum of two or more price swing points or pivot points. Trendlines are an important tool in technical analysis for both trend identification and confirmation. ... Trends are often measured and identified by "trendlines".

A horizontal line is commonly used in technical analysis to mark areas of support or resistance. A horizontal line runs parallel to the x-axis. In technical analysis, the horizontal line is typically drawn along a swing high, or a series of them, where each high in the series stopped at a similar level.

Vertical line charting is a technique used by technical traders and market technicians to track the price trend of a security in order to forecast future price moves. In vertical line charting, a security's daily price action is summarized by a vertical bar.

Channel patterns are a commonly used technical analysis tool and majorly a choice of breakout traders. Channel pattern is a combination of two lines that are parallel to each other and in combination, these two lines look like a channel when placed on the price chart.

In technical analysis, a Fibonacci retracement is created by taking two extreme points (usually a peak and a trough) on a stock chart and dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8%, and 100%.

Fibonacci arcs represent areas of potential support and resistance. ... Fibonacci arcs are typically used to connect two significant price points, such as a swing high and a swing low. A base line is drawn between these two points and then the arcs show where the price could pull back to, and potentially bounce off of.

Fibonacci extensions are a tool that traders can use to establish profit targets or estimate how far a price may travel after a retracement/pullback is finished. Extension levels are also possible areas where the price may reverse. Extensions are drawn on a chart, marking price levels of possible importance.

Take Revision

In previous session we see chart indicator list and details for basic indicator which basically used large time. Also noted some important point of announced rbi monetary policy.

One Take Solution

Block deal- 5 lakh quantity for trade or amount of trade greater than 5 Cr.

Bulk deal- Big trade

Large deal- Big trade

Earning Point

Hindalco, bharat dynamic, avenue supermart, cineline india, pioneer distilleries, varroc engineering, VA tech, visaka ind, pudumjee paper, indotech, manali petro, triveni eng, TCNS clothing, jay bharat, bayer crop, quick heal, take solutions, globus spirits, GTPL hathway, GSPL, usha martin, titagarh wagonor, cimmco, balaji tele, birla corp, Shalimar paints, spicejet, tube invest, V2 retail ltd, HUL.

Article

Hello friends,

All traders and investors want to trade and invest in best sector or companies; which gives us more benefit of huge return. That’s why we study or refer to all like books, internet content which is websites or blogs, articles, mobile applications, screeners, class material video, audio and text content. From all these we are try to do our efforts towards perfection. There are our main aim is that to gain profit from equity cash, option or derivative, currency and commodity trading also we make money through equity cash and mutual fund investment. For this we want some criteria to work as professional trader and investor. Trading is different from investment, because there we make money in short period but there is with risk in small or huge parameter. Trading is intraday and positional or delivery type. For intraday trading, we remember volatility, volume, price action factors, PE ratio, PCR ratio. For positional or delivery trading we use some technical factors like gainers, losers, 52 week high, 52 week low, beta, vwap, lower/upper circuit. For investment we refer balance sheet and profit loss statement; Sale, year on year growth, profit increasing ratio, EBITDA.

All people which work in this field have only one motto that is exit with profit or if loss occurs then it will recover in next trade. There are on requiring reading a dozen books, watch video, and refer more newspaper. If we make some setup of some things, like read two-three important books, refer daily two newspapers, watch two business channel, watch some videos of educational or learning point, use two or three screener for stock selection, some important indicators, chart type and its timeframe. Use exchange website for daily update of market. We will achieve huge profit in stock market on these points.