intraday trading

 What is a Dark Cloud Cover Candlestick Pattern? Dark Cloud Cover is a bearish reversal candlestick pattern that is developed at the end of an uptrend. It is composed of two candlesticks. The first candlestick is a bullish candlestick and the second one is a bearish candlestick.  You can find this Dark Cloud Cover candlestick pattern significant as it signals the reversal of an uptrend into a downtrend. If the volume is high when the formation of this candle, there will be more chance of the reversal to take place as shown in the image below. If the prices increase, the pattern becomes more significant for the reversal to the downside. If the price action is odd then the pattern is less significant as the price remains irregular after this pattern. How to use Dark Cloud Cover Candlestick Pattern? You must look at a few points before trading with the dark cloud cover pattern The trend should be an uptrend, as the dark cloud cover pattern is a bearish reversal pattern. The leng...

 What is a Shooting Star Candlestick Pattern? A bearish reversal pattern with just one candle is known as a shooting star pattern. It develops when the price is forced upward and then promptly rejected lower, leaving a protracted upward slump in its wake. At least half of the overall length of the shooting star candle should be occupied by the long dip. How to trade using the Shooting Star candlestick pattern? The trading analysis for a shooting star starts with identifying that the price is trending upwards of a particular stock in the chart. When the shooting star candlestick pattern appears we have a small candle body and a big upper candlewick, which confirms the shape of the pattern and if the next candle after the shooting star is bearish.  Now we can sell the shares after pattern confirmation. We must place a stop-loss order above the upper wick of the shooting star candle in order to be protected from an unexpected bullish move caused by high volatility in the market....

 What is Combined Open Interest? The overall open interest of both call options and put options are tracked using the combined Open Interest function. The number of contracts that are open or active in the market is indicated by open interest. Open interest rises when new contracts are added, and it falls when contracts are squared off. The term "total CALL open interest" refers to the total number of CALLs outstanding at each strike price. The term "total PUT open interest" refers to the total number of PUT contracts outstanding at each strike price. Uses of Total call OI and Total Put OI Total call OI and Total Put OI in the Combined open interest feature  help in determining the strength of price movements and market sentiment. Market bearishness is indicated if CALL OI exceeds PUT OI because traders write CALL options when they anticipate a decline in the market. As traders write PUT options when they anticipate the market to rise, if PUT OI is higher than CALL...

What are Index contributors? The Index Contributors can be used to determine whether the index is bullish or bearish (Nifty contributors and Banknifty contributors). The index is made up of several equities, and the contribution of each stock depends on its weight. When more stocks are bullish, an index is said to be bullish, and when more stocks are bearish, the index is said to be bearish. Features available in the Index Contributors? In Nifty contributors and Banknifty, we have two types of contributors, which are Positive contributors and Negative contributors. Positive and negative bars with stock names and their contributions are displayed for the Index contributors. Positive contributions are represented by the green bar, while negative contributions are represented by the red bar. The total number of contributions is also visible above the table. The Index Contributors can be used to determine whether the index is bullish or bearish (Nifty contributors and Banknifty index ...