Support/Resistance breakouts are used by traders as buy/sell signals. However, often times a stock breaking out of a resistance or support line can lead to false breakouts. One situation this can occur is if too many resistance or support lines are very close together. When this happens, it is best to club nearby lines and treat them as a […]
We are pleased to announce a new release of Investar, Version 5.2 with the Auto-SR addon and other features. A new video explaining the usage of the key features is available, “What’s New in Investar 5.2“. The Auto-Support/Resistance addon features are demoed in Using Auto-Support/Resistance .
This article discusses the need for Auto-Support/Resistance and why it makes it incredibly easy for all those traders who want to use Support/Resistance strategies in their trading.
A quick recap about the webinar we had today (23rdJan’16). The webinar was about Support/Resistance trading strategies that could help traders to achieve a better success rate.
Pivot Points are theoretical support and resistance levels based on the previous day’s open, high, low and close values: PP,R1,R2,R3,S1,S2,S3. PP is the Pivot Point, R1,R2,R3 are resistance levels, and S1,S2 and S3 are support levels. They are only valid as support and resistance levels for intraday trading. Pivot Levels can be calculated based on […]
Open Interest is the third most important indicator after price and volume. It is defined as is the number of contracts outstanding at the end of a day. Open Interest is very important for any Future and Option Trader.
Futures and Options are also called derivatives because their prices depend on some underlying entity. In case of the NSE Futures and Options, the underlying entity is usually the stock or index. This post is a beginner guide for those who are trading in equities but want to venture into Futures.
In a previous post, we had explained about the two main type of technical indicators: oscillators and trending indicators, giving an example of an oscillator (RSI) and a trending indicator (EMA) and shown the reader how the Buy/Sell signals occur in each. Each of the indicators have there pros and cons, but which one is […]
Many times I have heard statements from traders who say something like, “I bought XYZ stock with the intention of day trading, but because it turned it into a loss, I converted it into delivery (i.e. a short-term to long-term investment).” This kind of strategy is a recipe for disaster for any portfolio and let […]
Trend is one of the most important concepts to understand in Technical Analysis and this post explains why. Trend is defined in Technical Analysis as the direction of the market and can be of three types: uptrend, downtrend and sideways trend. If the direction of the market is upward, the market is said to be […]