Page 9 - Chart Reading

All you wanted to know about the Hammer candlestick formation

The hammer candlestick usually occurs during a downtrend having strong bearish sentiment.

Here is how On Balance Volume indicator helps traders track smart money

In OBV indicator, a positive close candle volume is added cumulatively and negative close volume is subtracted to determine the trend

Chart check: How fertiliser stocks are faring ahead of Q3 nos, Budget 2021

Edelweiss Securities expects earnings momentum in the sector is likely to accelerate in Q3FY21 driven by good start to Rabi along with a healthy cash flow position of farmers

SBI, HDFC Bank: Trading strategies for bank stocks post RBI's GNPA warning

Nifty Bank index may hit record levels of 33,000 if it surpasses the resistance of 32,300

HUL, ITC, Tata Consumer: FMCG sector on verge of breakout; stay invested

ITC stock is struggling to conquer the resistance of Rs 215 to Rs 220 levels. The downside support stays at Rs 200

TCS, Infosys: Positive Q3 results may trigger next leg of rally in IT stks

In a departure from past trend, analysts believe that Indian IT companies may post a strong performance for the third quarter of FY21 (Q3FY21)

Different chart types used in technical analysis and how to read them

The three basic charts are: Line charts, Bar charts, and candlestick charts

ONGC, Asian Paints: Bull sentiment intact in oil-linked stocks, charts show

Shares of Oil and Natural Gas Corporation (ONGC) rose as much as 4.6 per cent to hit an intra-day high of Rs 99.35 apiece on the BSE, while those of GAIL and BPCL gained up to 3.5 per cent

Gold prices climb to 8-week high; is it time to invest in gold financiers?

The trend in Muthoot Finance's stock looks promising as it is trading well above the 200-days moving average (DMA) placed at Rs 1,059 levels

BEML, RCF: Divestment may trigger a breakout in PSU stocks, charts show

If the Nifty PSE Index sustains above 2,800 levels on the closing basis, it may see a rally towards 3,100 levels

Stock market outlook: Bull run to continue in 2021; Nifty may hit 15,000

If the current bull sentiment remains intact, the Sensex may scale 51,000 while the Nifty50 may hit 15,000 in 2021

Technical indicators that can help traders navigate volatility

Volatility may trigger stop loss and show certain unexpected moves. Such a scenario disrupts trading morale, leaving traders anxious.

Three technical indicators that will help you make timely exit from a stock

Death Cross, Gap-down closing and RSI Divergence are significant indicators of trend reversal

Here're the top technical analysis mistakes traders must avoid at all costs

Once traders get a hold of technical analysis, their behaviour tends to become exaggerated.

Here's why pivot points are a must for any profitable trading model

The basic idea is to determine the crucial levels that might trigger major moves in the stock.

All you wanted to know about channel patterns

Moving averages have a great role in the channel breakout

Here's your guide to trading with the Ichimoku cloud indicator

The change in colour, sometimes exhibits a shift in trend as well as sentiment

Adani Port, Hero Moto: 86 stocks from Nifty500 can see over 10% upside

Mahindra & Mahindra, Page Industries, TVS Motor Company, and Wockhardt are among the noticeable names that are exhibiting trend reversal.

Here's how to read and use the standard deviation indicator in trading

When it comes to choosing a risky investment, market participants opt for stocks with higher standard deviation that provides volatility, which can be used for quick profits.

All you wanted to know about the Average Directional Index in trading

ADX ascertains a bullish trend on a bigger time frame more accurately, particularly when the price is about to scale the 25 value.