B
Pro User
Nifty50 slips back below its 200DEMA as the last week witnessed the bearish momentum.
Nifty50
But there is something exciting for bulls as well.
The Nifty Midcap150 and Nifty SMLCAP250 are hovering around the 50DEMA and are 4% and 5%, respectively, away from their 200DEMA.
Nifty Midcap150
Nifty SMLCAP250
Hey, bulls, it's time to shift focus on outperforming Midcap and SmallCap stocks.
Pattern negates below 1,740
@Muhammed Zuber Saleem Mansoori Sir, I request you to watch this video on Point & Figure
The Nifty 50 index recently staged a strong comeback, rallying from 23,300 to 24,700 levels. However, technical analysis suggests that the momentum might be waning, with the index potentially entering a period of range-bound trading.
We are glad many of you are following the Bold Bulls Setup of Monthly, Weekly and Daily RSI.
Monthly RSI: At 68, the monthly RSI indicates a bullish long-term trend and the uptrend for the Nifty remains intact.
Weekly & Daily RSI: Both the weekly and daily RSI are trending below 60, around the 50 level. This signals a neutral stance, suggesting that the current momentum might be losing steam.
Bulls would need to drive the market higher with a more decisive and rapid move to regain control and resume the uptrend. Until then, the Nifty may consolidate within a defined range, and traders should focus on stock-specific action.
@Amit Tuli Thanks for following the strategy and sharing your experience.
Regarding Bold Bulls on Candlestick (OHLC) and P&F, both have different calculations for RSI. I would suggest to stick with one. The RSI on multi-time frames is recommended on the OHLC chart.
For entry, you can implement based on 0.25%, but if you think about the setup, it will qualify when the stock is in the momentum+trend. Hence, when the stock qualifies for the Bold Bulls, it will likely be with the DTB pattern.
@Arko Currently, we don't have the feature of Running or Fresh in Pattern Finder.
Your feedback is appreciated. We will check with the app team about the possibility of implementing it.
Stocklist 7th Dec 2024
@Radhakanta-Samantara You can watch here https://www.youtube.com/watch?v=Vk_jNaHwosI
Nifty 24,600 to 24,850
The Bulls can be in the game above 24,600 while the breach of 24,350 will be important to watch on weekly expiry.
@Radhakanta Samantara Feedback appreciated. We will work on it.
Stocklist 30th November 2024
Hi Sir,
Request you check the Insights page, where you can find various technical and fundamental analysis studies.
You can start from here https://insight.definedgesecurities.com/category/basics-of-technical-analysis/
Infy 1,930 to 1,875
Want to Learn Harmonics?
Visit our Definedge Gurukul https://gurukul.definedgesecurities.com/courses/harmonic-trading-patterns-simplified/
The Bulls must cross 24,360-24,370 to be convinced to look for an expiry around 24,500.
It seems to be the range-bound day if 24,100-24,370 is not breached.
Bank Nifty can be the one that can lead the Nifty higher as HDFCBANK closed above Rs.1,800.
The Nifty opened strong on Monday but faced resistance, as highlighted. Profit-booking was witnessed in the first hour which could be due to the expiry week.
The market needs to decisively break through the recommended resistance level to sustain the uptrend.
HCL Tech
Persistent
Wipro
As highlighted by the Bullish Harmonic, the Nifty has reversed, and GIF Nifty indicates an opening of around 24,300. I will book profits at the open because of...
Nifty will now enter the major resistance zone of 24,327-24,600 at 62DEMA Channel, sloping downwards.
Stocklist 23rd November 2024
The Harmonic pattern still hasn't been negated.....Can we rally above 24,000?
(CMP-23,700)
Hi Sir, Sagar from our team will connect with you on the same.
@Tejas Shah Sir Scanner facility is available in RZone Pro. Request you to check here https://www.definedgesecurities.com/products/rzone/
The Nifty has reversed back to 23,500, with 200DEMA (Close) placed at 23,540, but the major hurdle lies at 23,660, which is 23,660.
Last week, the index slipped in the 200DEMA Channel {200DEMA-High and 200DEMA-Low} and hasn't closed above the 200DEMA-High. Though there was an attempt by bulls, bears convincingly took an opportunity in Tuesday's last hour of the trading day.
It's another attempt by the Bulls today. The Nifty is trading 200 points up at 23,550 around 10 a.m., and if they manage to close the day above 23,660, this is a sign of a potential reversal on the chart.
What are your thoughts?
Do share your views.
@Ashutosh Jain 10 Weeks...I am not considering average.
@Shyam S Sir, the platforms are separate, which makes it challenging to synchronize all the data between them.
Here is a screenshot of the system builder in case you wish to create the system in your login.
@Deepak Singla Thank you for your message.
Sir both the entities and the server are separate, which makes it challenging to synchronize all the data between them.
In case you wish to create the system in your login, here is the screenshot of the system builder.
@Nisanth TS Yes.
Many stocks are within the 10% range of the 52-week high, but only Banco qualifies due to volumes.
In the ancient philosophy of Yin-Yang, the concept of duality teaches that within every bad, there is something good, and within every good, there is something bad. This dynamic balance is not just a mystical idea; it has practical applications in various aspects of life, including investing.
Looking at the present market momentum, we see a classic example of the Yin-Yang principle in action. The Nifty50 and Nifty500 indices are both down more than 10% from their respective highs, signalling a bearish phase. Yet, despite the broad market pullback, some stocks continue to show outperformance, trading at or near their 52-week or all-time highs.
The Skyline Strategy
For traders with a Long-Only Strategy, focusing on stocks that are holding up well despite a broader market decline can be a smart strategy in challenging market conditions. We call this approach the Skyline Strategy. The idea is simple - identify stocks within a 10% range of their 52-week or all-time highs. These are stocks that have shown strong relative strength compared to the broader market and may continue to perform well, even as the rest of the market is struggling.
However, finding stocks near their highs alone is not enough to form a reliable trading strategy. To refine the approach further, we add a layer of volume-based filter. Specifically, we look for stocks where the trading volume is at its 10-week high. The rationale behind this is simple - strong volume at or near highs is often a sign of institutional interest and indicates that the stock has the necessary momentum to continue moving upward.
When using this strategy, it's important to scan for stocks using a weekly chart, as the 10-week volume criterion applies to weekly trading data. For traders using RZone, we have made the scanner for this strategy available in the public library, so you can quickly implement it and start identifying stocks that meet the criteria.
Backtesting and Risk Management
As with any trading strategy, it’s essential to backtest the Skyline Strategy to ensure it aligns with your risk tolerance and trading goals. We recommend a risk management approach where the stop loss is set at 10% below the entry price while the target is set at a 25% gain. This risk-to-reward ratio ensures that the potential reward justifies the risk even if a trade doesn’t work out.
@Nirav Merchant Yes it's in Bank Nifty too.
Those you want to understand the Bottom Palanthi Pattern, here it is:
Yesterday's bullish harmonic pattern at the 23,368-23,378 level, followed by a low of 23,350 and a subsequent rise above 23,750, indicated a potential reversal. Check the Chart here
Today, the Nifty50 opened with a positive bias, forming a bullish sash candlestick pattern, further strengthening the reversal signal. This pattern at the 200-day Exponential Moving Average (EMA) channel reinforces the bullish sentiment.
To capitalise on this opportunity, we consider exploring stocks from the Nifty200 index that have also formed bullish sash candlestick patterns. Here is the list:
You can check the Harmonic and Candlestick Course at Definedge Gurukul.
@Saptarshi Ghosh Thanks for correcting....It is 23,378-23,369
It's Do or Die for Nifty at 200DEMA Channel, Will History Repeat?
Nifty 500
Nifty Midcap150
Nifty SMLCAP250
Mangesh Joglekar shares his Options Trading System for the chart he shares with the Definedge family.
If you are interested in learning "how to find these stocks," please comment below.
@L M Can you plz share the chart which is not matching?
Learn HARMONIC TRADING PATTERNS with Definedge Gurukul
@Rajnandini Darkase Death Cross
@Shyam S Yes it is available in Zone.
You can create in Tradepoint as well.
Criteria
@Arijit Nag Golden Cross is when 50DEMA is above 200DEMA - CMP shouldn't necessarily be above the DEMA's.
How to Find Potentially Bullish Stocks During Market Corrections:
To help our readers identify opportunities in this volatile environment, we focus on two key technical indicators:
Golden Cross on the Daily Chart
Oversold RSI (Relative Strength Index)
A Ready Scanner in RZONE is available for traders looking to take advantage of this market correction.
Read more here https://www.definedgesecurities.com/blog/education/opportunity-in-a-bear-market/
Stocklist 2nd November 2024
On the Heikin Ashi daily chart of Nifty50, bearish exhaustion is evident at the support zone of the 100DEMA Channel (created using the 100DEMA High and Low), indicating that bears respect the short-term pullback within the long-term bullish trend.
However, this exhaustion does not confirm a bullish reversal until a Bullish Heikin Ashi candle closes above the 100DEMA (High) at 24,628.
Additionally, the oversold RSI supports the potential for reversal, but awaiting confirmation is crucial.
Banknifty 51300 to 51700
The Nifty50 Daily 0.25% X 3 Point & Figure (P&F) chart shows some promising technical signals.
The index trades near a crucial support level at the D-Smart Line, 24,557. After hitting a low of 24,567, the Nifty rebounded and closed the week at 24,854, indicating a potential bullish reversal.
If the Nifty can maintain support above 24,557 and close above 25,175, it could signal a renewed uptrend.
Additionally, the PMOX is still showing bullish signs, suggesting that there's still some strength in the market. Momentum is a key factor in market trends, and as long as PMOX remains positive, there's hope that the Nifty will recover and regain its upward trajectory this Diwali.
Stocklist 19th Oct 2024
@Prashant Vaikunthe Enjoy Sir 
Bullish Entry Above 24,808 (F)
Pattern Negates Below 24,600 (F)
HAL is breaking out of the falling trendline and the Moving Average (MA) Squeeze.
MA Squeeze is when the price consolidates within 50DEMA and 200DEMA with the golden cross.
Stock list 5th Oct 2024
Pattern Negated
BankNifty Futures - Bullish Harmonic @ 52,250
Pattern Negates below 52,000
Appreciate your feedback. Let us connect with the team on the same.
When looking for value buys in fundamentally strong companies, it's often smart to purchase at lower levels, even when a stock is trading near its 52-week low. However, when it comes to trading in a bullish market, the strategy must shift.
In a market where the benchmark index is reaching all-time highs, you MUST avoid stocks that are trading at 52-week lows. These stocks often lack the momentum to benefit from the broader market trend and could potentially underperform.
How can you find these stocks?
It's simple. Open the Zone Mobile App, navigate to the Scanner Page, and select Breakout Scanners 》 At 52-Week Low.
As a trader, your focus should be on stocks that are in momentum and either in sync with or outperforming the benchmark index. This approach will align your trades with the market's bullish momentum, increasing the likelihood of profitable opportunities.
What is your STRATEGY?
Do comment below.
Breakout Retest @ 710
@Ramakrishna Chamarthi It's Adaptive RSI
Hindalco - Getting ready for a BIGGER move - Potentially 900 - may extend to 4-digit levels.
Pattern negates on a close below 640.
GodrejProp 3100CE Oct
Stock appeared on Trividh, but do check Liquidity
Stocklist 21st Sept 2024
Bank Nifty and Pvt Banks leading the day.
Technically, the Nifty Realty daily chart witnesses the breakout as it reverses from the 62DEMA Channel.
On the DeMAP, few pf the Nifty Realty constituents are gaining momentum and trend.
@Prashant-Vaikunthe Yes. The counts were 29 and 39, both achieved.
Bullish Head & Shoulder and Trend Getting Stronger on Heikin Ashi Chart
JindalStel 1040CE - TTB Breakout
India's private banking sector is again in the spotlight as major players such as Axis Bank, ICICI Bank, Kotak Bank, IndusInd Bank, and HDFC Bank are witnessing strong bullish momentum. As the Nifty index surges to new all-time highs, market analysts and traders are closely watching whether these banking giants can push the Bank Nifty index to its own record levels, given that it's just a few percentage points away.
What is DeMap by Definedge?
DeMap, an advanced analytical tool developed by Definedge, offers traders and investors a unique approach to market analysis using multiple charting methods and indicators.
DeMap stands out by providing market participants with in-depth insights into sectoral trends, helping them identify emerging opportunities in various sectors. Through its price patterns and trend identification tools, DeMap is a guiding torch for traders to stay ahead of market movements and align their strategies with real-time data. You can watch this video to learn about DeMap. Click here
Bank Nifty: Poised for a Breakout?
The Bank Nifty index, comprising the largest banks in India, has been a key driver of market movements. While Nifty has already hit an all-time high, It is trailing slightly behind, just a few percentage points away from its peak. The question remains: Can these private banking giants propel Bank Nifty to new highs?
According to technical analysis from DeMap, these banks exhibit strong chart patterns that indicate further upside potential. The Point & Figure charts for ICICI Bank and Axis Bank show clear breakouts above key resistance levels, signalling a continued bullish trend.
As the Nifty soars to a new all-time high, the Bank Nifty following suit to an all-time high may witness a short-covering rally to achieve new highs.
P&F Pattern Setup on Metal Stocks
BankNifty Breaking Out !
@Rajesh Gandhi Below 50713
Technically, the move above 51,500 witnessed multiple rejections.
CE Writers are confident of 51,300-51,500 resistance:
The bulls can be in the game only above a convincing move 51,500-51,600 levels.
One sector that has garnered significant attention amid this shift is the India Digital sector, represented by the Nifty India Digital Index. This index tracks companies that are at the forefront of India’s digital revolution, including those in IT services, e-commerce, digital finance, and communication technologies. As India continues its push toward digital transformation, the companies in this index are well-positioned to capture growth from increasing internet penetration, digital payments, and the broader push toward a tech-driven economy.
Technical Outlook
Nifty India Digital Index
On the Nifty India Digital Index 0.25% X 3 Point & Figure (P&F) Daily Chart, a clear bear trap is visible after the Anchor column formation. This trap, positioned above the moving average, is a strong technical signal of a potential bullish continuation. The close above the crucial 9,600 level will confirm an anchor column breakout, suggesting that bullish momentum is likely to resume in the coming sessions. Traders and investors should closely watch this level as it could mark the beginning of a fresh upward trend in digital stocks.
7 Leaders in the Nifty India Digital Index
We utilized the “All Chart Matrix” tool to analyse the constituents of the Nifty India Digital Index. This comprehensive analysis ranks stocks based on technical strength, and the following top seven stocks stood out with the highest score of 15:
*as per close on 10th Sept 2024
These companies are leaders in the digital and IT sectors, each playing a crucial role in India’s digital economy. Their strong technical position suggests they may continue to perform well as the market trends upward.
Stocklist 7th Sept 2024
@Sagar Sanghani Sir, this is called "running inverted head and shoulder", a continuation pattern.
Seasonality analysis is a method for identifying recurring patterns or trends based on specific times of the year. This approach examines how certain periods, such as months, quarters, or even specific dates, historically affect the performance of stocks, commodities, or other assets.
To check the Seasonality Analysis, log into RZone > Click on Seasonality Analysis > Seasonality Index.
Here is the result for Nifty550 - September month.
Bajaj Finsrv - 1,719 to 1,850+
Stocklist - 31st August 2024
Learn how to read and analyze the Open Interest (OI) chain to create effective trading strategies. Discover the impact of the highest OI on strike prices and how advanced tools like RZone and Opstra by Definedge can help you analyze key option Greeks—Gamma, Vega, Theta, and Delta. Enhance your trading performance by understanding market sentiment and making informed decisions based on detailed OI data.
Dear Sir,
Our team will connect with you over a call.
@Ravindra Kamath You can watch here
Pattern negates above 3,151
Stocklist - 17th August 2024
The MSCI Emerging Markets Index is a key benchmark that tracks the performance of large and mid-cap companies across 24 emerging economies. Representing countries like China, India, Brazil, and South Africa, the index offers emerging markets shaping the global economy's future.
Investors look to this index for exposure to economies that often offer higher growth potential than developed markets, albeit with increased risk.
On the P&F chart, the Triple Top Breakout (TTB) indicates that it is time for EEMs to shine against developed countries.
Video will be out soon...Stay Tuned! 
Hey, Gift Nifty predicts the market will open about 300 points higher, around 24,400. By the way, here are some stocks with a bullish candlestick pattern called Piercing.
Source: Zone Mobile
The carry trade has become the focal point of market discussions as the Japanese Yen has appreciated significantly against the Dollar (USD), moving from 162 to 142 in just five weeks. This shift follows the Bank of Japan's (BOJ) decision to increase its key interest rate to around 0.25%. The hike in borrowing costs has led to a cool-off in global equity markets, particularly affecting US fund houses.
Technical Analysis:
The USD/JPY pair has yet to break the December 2023 low of 140, indicating that it remains in a bullish phase according to Dow Theory (positive for the USD).
The Bullish Swan Harmonic Pattern is visible at the low of 141.69 in the demand zone of the 100 MA Channel. The reversal from the current levels can test the 151.35 levels in the short-term while the possibility of the new highs cannot be ignored in the medium-to-long term perspective.
Any weekly close below 140 could signal caution for US equities, potentially causing ripple effects across global markets.
@Shashank Jain Feedback appreciated.
The Rising Three Candlestick is a bullish continuation pattern found in candlestick charting. It signifies that despite short-term bearish movements, the overall trend remains upward. This pattern typically forms over five days and consists of the following components:
Steps to Identify the Rising Three Methods Pattern Using Zone Mobile
To find stocks that qualify for the Rising Three Methods candlestick pattern using Zone Mobile, follow these steps:
Stocks to Keep on Radar
A list of stocks you can monitor for bullish momentum.
Stocklist - 3rd August 2024
@Kamal Arora Do check Laidback stock which I keep sharing every week.
I have been regularly sharing insights about the Laidback Strategy on our forum. I would like to revisit an important example that underscores the power of sticking with a well-defined trading system.
Last year, I authored an article discussing how Suzlon Energy Ltd. triggered a buy signal in the Laidback Strategy after 15 years at a price of Rs. 14. Fast forward to today, Suzlon is trading at Rs. 64.98 and still going strong, marking an impressive increase of over four times in just a year. Read here
The primary purpose of this note is to underscore the critical importance of patience and consistency in following a trading system. Many traders often get disheartened or lose faith in their strategies when immediate results are not evident. However, as Suzlon's example illustrates, a well-crafted strategy can yield significant returns, potentially even fourfold, if given the time to mature through various market phases.
Here are some key takeaways from this experience:
Patience is Key: The Laidback Strategy identified a buying opportunity in Suzlon after a long period of dormancy. This underscores the importance of waiting for the right conditions and signals, even if it takes years.
Trust the System: The remarkable growth in Suzlon's stock price over a year, from Rs. 14 to Rs. 64.98, demonstrates the power of a systematic approach. Had we not adhered to the strategy, we might have missed out on this substantial gain. This should reassure you of the effectiveness of a well-defined trading system.
Market Phases: Every trading system will encounter different market phases, from bullish to bearish trends. Observing how your system performs across these varying conditions is crucial to truly understand its potential and limitations.
Conviction Through Experience: The real test of a trading system's efficacy comes through prolonged usage. Until you've applied your system for an extended period and seen how it navigates different market environments, you won't fully grasp its strengths and weaknesses.
Below is Suzlon's chart, highlighting its significant rise from Rs. 14 to Rs. 64.98, as identified by the Laidback Strategy.
The Suzlon example should serve as a reminder and motivation to all of us to stay committed to our trading strategies. Consistency and a long-term perspective are essential in reaping the benefits of a well-designed trading system.
Are you thinking of Yes Bank and Idea whether they are a buy in Laidback? 
Stocklist - 27th July 2024
The Bearish Gartley - PRZ @ 24,650-24,750
Pattern Negate above 24,900
@Brijesh Bhatia BanjFin 6,600 to 6,750+
If you have enrolled for the Harmonic Trading Pattern Course, don't miss the Q&A tomorrow at 10 am.
A follow-through buy or sell signal confirms the significant patterns that were previously triggered.
To aid traders in identifying these follow-through signals, Definedge employs a specialised scanner in RZONE. This scanner displays a list of stocks generating bullish or bearish follow-through signals.
Click here to learn How to use Scanner
Here is the list of the F&O stocks ahead of Union Budget 2024.
*The stocks marked in red have met VC1 or VC2
Here it is:
Step 1: Create System
Step 2: Open Multi-timeframe Scanner > Candlestick Scanner
Step 3: Select Group and click on Scan. Check the Qualified stocks.
Pharma stocks are trending bullish but the bearish harmonic on the stock indicates the pause to the momentum.
The bears may capitalize the reversal and look for short-on-rise opportunity while the bulls can be in the game on the break of 7,035.
To enroll for Harmonic Course, Click here
It's been 10 days, and Bank Nifty continues to trade within the range.
For the same period, the US Bank Index is up over 5%.
@MITESH SHAH Check the above screenshot.
Will filter stocks that has RSI above 60 at current candle.
Will filter stocks that had RSI below 60 on T-1 day.
So effectively, the stock which crossed RSI above 60 will appear in scanner.
@Harjjap S Saini Can you write in detail about the indicator plz
The Bullish Bat Harmonic Pattern is visible on the Nifty 15mins (Spot) chart. The 200EMA Channel is placed below the reversal levels indicating the support zone.
As the giant HDFC Bank and Reliance are leading the fall in the first hour today, the risk is higher in the reversal setup. Hence, the stop-loss is a must for the setup, which is 24,170. (CMP-24250)
Strategy Video:
https://www.youtube.com/watch?v=6P9AWXH1H5c&t=28s
How about a strategy with a bullish stock trend and higher volumes that push the price higher?
I have created a system based on Trend and Volumes - Volume Weighted Trend Rider (VWTR),
Here is the list of stocks from Nifty50 as of yesterday.
Should I record a video on this strategy?
In the digital era, where convenience and accessibility are paramount, Zone Mobile App presents a cutting-edge solution that empowers users with the ability to access ready-to-use scanners with just a few simple clicks on their mobile devices.
One such scanner is Golden-Cross.
The Golden Cross is a popular technical analysis pattern that occurs when a short-term moving average crosses above a long-term moving average, signaling a potential shift from a bearish to a bullish market trend. Typically, the 50-day moving average crossing above the 200-day moving average is used to identify a Golden Cross. This pattern is seen as a strong bullish signal, indicating that the stock's price is gaining upward momentum. Traders can comsider this a sign to enter or increase positions, anticipating continued price growth.
The Golden Cross is widely followed in various markets, including stocks, commodities, and forex, due to its historical reliability in predicting upward market movements.
On Zone Mobile App, you can check the stock's that qualifies this pattern.
Your query will be answered. Watch this video:
https://www.youtube.com/watch?v=2dzubtUxp9o
Stocklist 6th July 2024
Both are different.
You can find Probable ABC Bullish/Bearish in scanner.
Open Ratio Chart and write Definedge, you will get the list of Definedge EQW index. Check below:
The Bank Nifty has been oscillating between 52,000 and 53,000 over the past few trading days, following its recent high of 53,301. This period of consolidation reflects a tug-of-war between the bulls and the bears, leaving traders on edge as they await a decisive move.
A closer look at the index's constituents reveals that HDFC Bank has been a significant drag, pulling the index lower. In contrast, ICICI Bank and Axis Bank have contributed positively, attempting to counterbalance HDFC Bank's impact. Given HDFC Bank's substantial weight in the index, its performance heavily influences the overall movement of the Bank Nifty.
The technical chart of Bank Nifty indicates a critical support zone between 52,000 and 52,180. A break below this level would likely hand the advantage to the bears, signalling a potential downturn and invalidating the recent high of 53,301 as a false breakout. On the other hand, maintaining support above this zone could keep the bulls hopeful for another attempt to breach the recent highs.
Options traders might find a strangle short strategy appealing while the index remains confined within this range. This strategy could be profitable if the Bank Nifty continues to hover between 52,000 and 53,000. However, trending traders should remain patient, acting only when there is a clear breakout on either side of this range to capture the next directional move.
Federal Bank leads the table on the RS Matrix, followed by Axis Bank and ICICI Bank.
@Prashant Vaikunthe Thanks for following us 
Since the pandemic-induced market in 2020, PSU banks have been on a remarkable run, consistently outperforming their private counterparts. The ratio chart of the Nifty Private Bank Index to the Nifty PSU Bank Index peaked in 2020, signalling a significant advantage for PSU banks over private banks during this period. Among the underperformers was the behemoth, HDFC Bank, which struggled to keep pace.
However, recent trends suggest a shift in momentum. The metaphorical elephant, HDFC Bank, has awakened, and private banks are beginning to regain footing. But how long can this resurgence last?
Nifty Pvt Bank/Nifty PSU Bank Ratio Chart
Source: TradePoint
An analysis of the ratio chart reveals a promising development. The slope is turning northwards from the support zone established in 2016-2017, hinting that PSU banks may soon start to underperform relative to private banks. This trend suggests that now might be an opportune moment to refocus on private banking institutions.
Moreover, the RSI (Relative Strength Index) indicator adds to the optimism. It has turned positive and crossed above the median line of 50, a bullish signal indicating that private banks may outperform PSU banks in the coming months.
We ran the "All Chart Matrix" in RZone to check the stock trend on Multi-Chart and Multi-Timeframe.
Source: RZone
In conclusion, the four-year drought for private banks could be nearing its end. With favourable technical indicators and a shift in market sentiment, private banks appear poised for a potential resurgence.
Volumes are key important tool in technical analysis to identify the participation in the trend.
Read the conversation between Sachin and Raj and learn about the Volume parameters.
Click here to Read more.
Hey @Vishal Shah
It won't be long now, just a few more weeks and we will be Live!
We are combining the best features of TradePoint and Tradingview to give you the best trading experience. But you know, good things take time, right? 
Sir, the data is up to 28th June (Friday) closing. The weekly chart shows the start of the week date, but the data on Saturday will be till the closing of the last trading day of the week.
@Shrikrishna D Sir, if you want to create the scanner in Candlestick, here it is:
You can run the Candlestick scanner and find the stocks. This is up to 14:25 on 28-06-2024.
@Vishal Shah Happy Trading Sir!
@Vishal Shah @Vishal Shah Got your point.
You can do this:
In Expression: Write 1 and 2'
This will scan the stocks which are above 60 in the current candle.
You can follow this for other indicators as well.
I hope this answers your query.
Recent low - 1415
@Madhurjya Nath Hey, do you want system only with RSI > 60 and RSI < 40?
I request you write in detail about your system. We can try and create it. Or request you to share your client code, our team will call you.
Discover the Weiss Wave technical analysis concept, an advanced method for understanding market trends through cumulative price and volume analysis. Learn about its origins, components, applications, benefits, and limitations to enhance your trading strategies.
@Madhurjya Nath You can create a system for Bearish now.
Happy Trading!
@Shrikrishna-D check this if you are looking for it. This is only Bullish Crossover criteria.
Also, do check the setup of these stocks from Nifty200 as per closing of 25-06-2024:
GM Sir, there has been a lot of spam recently. Our team is working to stop such activities.
Do you mean to say RSI Bullish Crossover ABOVE 60 and Bearish Crossover BELOW 40?
I had my eye on PVR in mid-June when my 62-DEMA Channel scanner flagged the stock.
Today's price action confirms a bullish breakout above the prior high, solidifying the unconventional triple-bottom pattern. The close above 1451 will confirm the breakout.
The VOLAR score, or Volatility-Adjusted Return, is a metric used to evaluate the performance of an investment by adjusting its returns for volatility. This score helps investors compare the risk-adjusted performance of different assets or portfolios.
The VOLAR score is calculated by dividing the return of an investment by its volatility, which is typically measured as the standard deviation of returns.
Volar Score = Return/Volatility
A higher VOLAR score indicates better performance on a risk-adjusted basis, meaning the investment provides higher returns for a given level of risk.
This metric is useful for investors who want to assess not just the absolute returns of an investment but how those returns compare to the risk taken to achieve them.
Many traders assess their trades solely based on the outcomes, which can lead to poor decisions and emotional distress. It’s important to recognize that a profitable trade isn’t always a good trade, and a losing trade might still be a well-executed one.
Consistent success in trading hinges on grasping and applying solid trading principles rather than obsessing over the financial result of each trade. By concentrating on the process and making every trade "One Good Trade".
@Deepakk Chabria Let me think.
The SPEED of a trend in the stock market refers to the rate at which the price of an instrument moves in a specific direction.
A high speed in a trend indicates strong momentum, often driven by robust market sentiment, significant news, or macroeconomic factors and an active participations indicated by volumes.
When a trend's speed diminishes, it can signal weakening momentum, suggesting that the driving forces behind the trend are losing strength. This deceleration often precedes a trend reversal, as market participants start to doubt the sustainability of the movement, leading to increased profit-taking and the entry of contrarian traders.
In the book "How to Trade Financial Markets Logically" by Ruben Chaves, he explains the theory of Speed.
The above is a snapshot about the Speed from his book, but he has highlighted in-depth information about Speed and the strength of the trend.
While reviewing the chart of Maruti, I recalled this theory and thought to share it with our readers.
Here is the chart of Maruti.
Source: Zone Mobile App
The speed of the trend has been followed by an even stronger trend after a retracement.
However, the stock's recent lackluster momentum in the past few months is concerning as it lacks the speed of the trend.
Is this sign of the reversal?
In light of the Wyckoff pattern, the structure appears to indicate a distribution phase.
Fingers crossed for the investors in Maruti.
Hi Sir, if you open it from the scanner, it will just open the default chart without any setup.
You are running a scanner, its not a chart template.
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On the Adani Ports, 0.15% X 3 Daily chart - the stock has just broken out of the follow-through anchor column (AFT) while on the 1420CE chart of 3% X 3 on 1min chart, the Bullish Bat Harmonic pattern is visible.
Adani Ports Daily Chart
Adani Ports 1420CE Chart
Understand the role of trading volume in the stock trend. Learn why the first hour's volume is important, how rising volume above the 20-bar average indicates trending stocks, and how to leverage RZone for intraday and swing trading opportunities.
Read here: https://www.definedgesecurities.com/blog/rzone/why-volumes-are-important-in-trading/
This indicator is designed for daily analysis, not intraday trading. I used data from the previous day (value of 1) for this example. You can use a value of 0 to analyze current day data. However, it's important to remember that this analysis isn't suitable for making intraday trading decisions and may not be ideal for the Trividh strategy.
@Vishal Shah Check the link below and follow the steps.
https://www.definedgesecurities.com/blog/zone-web/zone-web-how-to-set-default-chart-template/
Trividh - The Options Strategy highlights the Federal Bank 173CE in today's trading session at 11:15am (attached image).
Many traders have doubts about when to enter the trade. I always suggest waiting for the follow-up breakout above the Anchor Col.
I have considered 175CE, which had a similar setup to 173CE but much higher volumes (liquidity) and lower spreads (Bid-Ask).
In the above chart, the Anchor Col follow-through is also supported by a triangle breakout confirming the setup.
Remember the idea of the hourly chart - the momentum should not fizzle out in the first hour, and if it continues after 10:15 am, you get good momentum trades in options.
It's all about timing the trades in Options buying.
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The volatility of General Election results was at it's best as we witnessed the roller coaster Monday and Tuesday.
The bulls managed to regain the momentum today as well but the real struggle for them begins now.
The index has entered into the major resistance zone of gap and if bulls pull this out, the index can witness a major short-covering rally towards 24,000.
But if they fail, the FIIs are waiting for the opportunity, and then Monday's high will be marked as a Fakeout, as per Wyckoff's theory. Also, it will be the index's lower high.
If this is marked as a Fakeout, then the Tuesday fall may be the first Sign of Weakness (SOW) as per Wyckoff—a bearish structure.
What are you trading - Longs or Shorts?
Source: TradePoint
Below support, the trend may change on these stocks.
A Close above 3,000 will confirm the Flag and Psychological level breakout.
@Deepakk Chabria Thanks for your kind words.
