Chart Galaxy
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Disclaimer:

EQUITY INVESTMENT ARE SUBJECT TO 100% MARKET RISKS. REFER YOUR FINANCIAL CONSULTANT ADVICE BEFORE INVESTING.

Charts are made only for study purposes and paper trading !!! Happy learning.

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#NEW

Kamdhenu - 607

can added with sl 573

tgt 660/704/774
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Wish you all a very Happy Ganesh Chaturthi πŸ™πŸ½
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Chart Galaxy
Syncom Formu(D) -15.22 (6 Aug 2024) Can add now and till 13 sl 11 Tgt 25/30/48
#UPDATE

Syncom 15.22 to 27

70% gains in 1 month

First targetβœ…
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#NEW

Gujarat Alkalies - 850

add with sl 750 weekly
tgt 960/1000/1104
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Good Morning 🌞
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#NEW

Electrosteel Cast - 225

add with 212 clbs
tgt 279/313/369
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Good Morning 😊
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If you observe, the frequency of #NEW trades has been very less for past few days. I am just being cautious so we can find better price for our picks and not just post anything for the sake of posting πŸ‘ Happy trading
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Short forms and their meaning

SL- Stop Loss: An order placed to sell a security when it reaches a certain price to limit losses.

TP - Take Profit: An order placed to automatically close a trade when a certain profit level is reached.

MTM - Mark-to-Market: The daily settlement of profits and losses in futures or options.

BO - Breakout: When the price moves beyond a key resistance or support level with increased volume.

CLBS - Close Buy Stop: A stop-loss order placed on a buy position to close it at a certain price if the market turn.

LTF - Lower Time Frame: Shorter timeframes like 1-minute, 5-minute charts used by day traders for quick trades.

HTF - Higher Time Frame: Longer timeframes like daily or weekly charts used for swing trades or analyzing bigger trends.

R:R - Risk to Reward Ratio: A measure used to assess the potential reward of a trade in comparison to the risk.

FOMO - Fear of Missing Out: A common emotional bias in trading when traders jump into a trade due to fear of missing a potential move.

BTFD - Buy The Dip: A trading strategy to buy stocks after they have fallen in price.

BTST - Buy Today, Sell Tomorrow: A strategy where traders buy shares today and sell them the next day to profit from overnight price movement.

STBT - Sell Today, Buy Tomorrow: A strategy where traders sell shares today and buy them back the next day, typically used in futures or options trading.

PDH - Previous Day High: The highest price reached by a stock or asset in the previous trading session.

PDL - Previous Day Low: The lowest price reached by a stock or asset in the previous trading session.

IPO - Initial Public Offering: When a company first sells its shares to the public.

CMP - Current Market Price: The latest price at which a stock is trading in the market.

HNI - High Net-worth Individual: Investors with a large amount of capital to invest.

DII - Domestic Institutional Investor: Institutions based within the country (like mutual funds, insurance companies, banks, etc.) that invest in the stock market.

FII - Foreign Institutional Investor: Foreign entities or institutions (like hedge funds, pension funds, etc.) that invest in the domestic stock market.

QIB - Qualified Institutional Buyer: A specific category of investors allowed to trade securities that are not publicly offered.

HNI - High Net-worth Individual: Individual investors with significant financial capital, often making large-scale investments.

MF - Mutual Fund: A collective investment scheme that pools money from investors to purchase securities like stocks, bonds, or other assets.

AMFI - Association of Mutual Funds in India: The governing body for the mutual fund industry in India, which sets regulations and promotes mutual fund investments.

NII - Non-Institutional Investor: An investor who doesn’t qualify as a retail investor or an institutional investor, usually making large trades but not considered an institution.

PE - Private Equity: Capital investment made into private companies or buyouts of public companies to delist from public stock exchanges.

VC - Venture Capital: A type of private equity financing provided to startups and small businesses with high growth potential.

SIP - Systematic Investment Plan: A way of investing in mutual funds by making regular, systematic investments, typically on a monthly basis.

AUM - Assets Under Management: The total market value of assets that an investment company or fund manages on behalf of investors.
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Good Morning πŸ™‚
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Market Basics - 01

RSI (Relative Strength Index)
is a momentum indicator that measures the speed and change of price movements. It ranges from 0 to 100.

Overbought: RSI above 70 suggests a stock may be overbought and due for a pullback.

Oversold: RSI below 30 indicates a stock is oversold and may see a reversal upwards.

Divergences:

Bullish Divergence: Price makes lower lows, but RSI makes higher lows – possible upward reversal.

Bearish Divergence: Price makes higher highs, but RSI makes lower highs – potential downward move.

Use RSI with other tools like trendlines and moving averages for stronger signals!
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Bullish Divergence
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Bearish Divergence
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There is one more type of divergence which is called as Hidden Divergence which i personally don’t use a lot

This can signal trend continuation. A hidden bullish divergence is when the price makes a higher low, but RSI makes a lower low, suggesting continuation of the uptrend. Hidden bearish divergence works the opposite way.
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