Imagine you are sailing a boat across the ocean. To stay on track, you keep an eye on the horizon and follow a straight path to reach your destination. Similarly, trendlines are like straight lines in the trading world, guiding traders to where the market might go next. Trendline trading is a method that many … Read more
Chart Analysis Buying and selling options, which are contracts that grant the holder the right but not the obligation to purchase or sell an underlying asset at a fixed price before or at the contract’s expiration date, is known as options trading. Although this kind of trading can be complicated, it presents chances for both … Read more
Draw Support and Resistance Levels These days markets are trading at an all-time high. Like it is Nifty or Bank Nifty, they recorded their all-time high of Nifty – 23026.40 on 24 May 2024 and Bank Nifty – 49974.75 on 30 Apr 2024. When traders try to draw support resistance levels on the chart, then … Read more
Role of Support Resistance Levels in Profitable Options Trading Support and resistance levels are critical concepts in options trading, serving as key markers on price charts that help traders understand market dynamics. Support levels represent price levels where an asset has historically found buying interest, preventing it from falling further. Think of support as a … Read more