Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
Scribd Logo
Upload

Welcome to Scribd!

  • 46 views

    Classroom: How To Identify Support & Resistance On Technical Charts

    Uploaded by

    usman
    1) The document discusses how to identify and use support and resistance levels in technical analysis. Support levels are where prices tend to find support or bounce off as they fall, while resistance levels are where prices tend to face resistance or retrace from as they rise. 2) Four major ways to identify support and resistance are discussed - using swing highs and lows, and moving averages like the 200 day simple moving average. 3) A simple moving average is calculated by taking the average closing price over a given number of periods, like the last 5 days or 20 days. It is a common technical indicator used to identify trends on price charts.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    Classroom: How To Identify Support & Resistance On Technical Charts

    Uploaded by

    usman
    46 views11 pages
    1) The document discusses how to identify and use support and resistance levels in technical analysis. Support levels are where prices tend to find support or bounce off as they fall, while resistance levels are where prices tend to face resistance or retrace from as they rise. 2) Four major ways to identify support and resistance are discussed - using swing highs and lows, and moving averages like the 200 day simple moving average. 3) A simple moving average is calculated by taking the average closing price over a given number of periods, like the last 5 days or 20 days. It is a common technical indicator used to identify trends on price charts.

    Original Description:

    Technical Analysis

    Original Title

    Classroom

    Copyright

    © © All Rights Reserved

    Available Formats

    XLSX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    1) The document discusses how to identify and use support and resistance levels in technical analysis. Support levels are where prices tend to find support or bounce off as they fall, while resistance levels are where prices tend to face resistance or retrace from as they rise. 2) Four major ways to identify support and resistance are discussed - using swing highs and lows, and moving averages like the 200 day simple moving average. 3) A simple moving average is calculated by taking the average closing price over a given number of periods, like the last 5 days or 20 days. It is a common technical indicator used to identify trends on price charts.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    46 views11 pages

    Classroom: How To Identify Support & Resistance On Technical Charts

    Uploaded by

    usman
    1) The document discusses how to identify and use support and resistance levels in technical analysis. Support levels are where prices tend to find support or bounce off as they fall, while resistance levels are where prices tend to face resistance or retrace from as they rise. 2) Four major ways to identify support and resistance are discussed - using swing highs and lows, and moving averages like the 200 day simple moving average. 3) A simple moving average is calculated by taking the average closing price over a given number of periods, like the last 5 days or 20 days. It is a common technical indicator used to identify trends on price charts.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 11

    Last Updated : Aug 18, 2018 10:51 AM IST | Source: Moneycontrol.

    com

    Classroom: How to identify Support & Re


    Shabbir Kayyumi of Narnolia Financial Advisors said swing high & swing lo
    Moneycontrol Contributor

    Shabbir Kayyumi
    Narnolia Financial Advisors
    Basics of Technical Analysis: Part 3
    What is Support & Resistance?
    Support and resistance points are important price levels on technical charts from where price trends a

    Shabbir Kayyumi
    Head of Technical & Derivative Research|Narnolia Financial Advisors
    Selling pressure may continue but these 5 stocks could return 15-23%
    Markets Classroom: Understanding various types of technical charts
    A support level is a level where the price tends to find support as it falls. This means that the price i

    A resistance level is the opposite of a support level. It is where the price tends to find resistance as it
    Four Major ways to identify support & resistance
    1) Swing High & Swing Low
    When you track market swings; you are following the turning points of price action. Each turning po
    g Low acting as Support & Resistance’ Example of NIFTY
    pport & Resistance on Technical Charts
    ing high & swing low and the most popular moving average like 200 DMA, can be

    from where price trends are expected to stop and reverse.

    This means that the price is more likely to "bounce" off this level rather than break through it. However, once th

    nds to find resistance as it rises. Again, this means that the price is more likely retrace from this level rather th

    ce action. Each turning point is the result of the market being supported or resisted. Hence, observing market s
    Charts
    e 200 DMA, can be used regularly for finding crucial support and resistance zone

    rough it. However, once the price has breached this level, by an amount exceeding some noise, it is likely to co

    e from this level rather than break through it. However, once the price has breached this level, it is likely to co

    Hence, observing market swings is fundamental to identifying support and resistance levels.
    d resistance zone

    ome noise, it is likely to continue falling until meeting another support level.

    this level, it is likely to continue rising until meeting another resistance level.
    https://www.moneycontrol.com/news/business/markets/technical-classroom-how-to-use-simple-moving-average-as-an-inves
    Last Updated : Sep 16, 2018 10:26 AM IST | Source: Moneycontrol.com

    Technical Classroom: How to use simple


    Shabbir Kayyumi of Narnolia Financial Advisors said moving averages is a
    Moneycontrol Contributor

    Shabbir Kayyumi
    Narnolia Financial Advisors
    Moving averages is a strong indicator used in technical analysis. It is frequently used as a one of the
    What is a moving average?
    The simplest form of a moving average, appropriately known as asimple moving average (SMA), is
    Moving averages are always represented on the price chart. Moving averages can be built for any pe

    Construction of simple moving average


    Simple moving average (SMA) is a moving average which is calculated by adding the closing price
    Example: Calculation of 5 day SMA for the Nifty
    1) Sum total=Add the last 5 days closing price of the security
    2) 5 day SMA= Divide sum total by the n period (n=5 in this example)
    Calculation for 5 day SMA:
    (C5+C4+C3+C2+C2+C1)/5; Where C=closing price of a scrip
    C5= Closing prices 5 days ago.
    If a trader wishes to see a 20-day average instead, the same type of calculation would be made, but it
    ple-moving-average-as-an-investment-strategy-2954231.html

    use simple moving average as an investment


    oving averages is a strong indicator used in technical analysis

    ently used as a one of the popular indicators to determine the trend of underlying financial instrument. The 200

    moving average (SMA), is calculated by taking the arithmetic mean of a given set of values.
    es can be built for any period of time, whether 5 minutes, 1 minutes (on an intraday chart), days, weeks or mo

    adding the closing price of security prices for the last n-periods and dividing it by the total number of time pe

    ion would be made, but it would include the prices over the past 20 days.
    nvestment strategy?

    ancial instrument. The 200-day simple moving average is considered a key indicator even by long term investo

    chart), days, weeks or months.

    he total number of time periods. SMA is a technical indicator that is represented by a line and it is directly plot
    even by long term investors.

    line and it is directly plotted on the security price. As per the choice of the trader, the periods can be changed
    e periods can be changed in the SMA indicator.

    You might also like