ARROWGREEN: Swing Trade BUY
ARROW GREENTECH LTD With solid support at 448 levels, anticipate an upward momentum towards targets of 500/517. Maintain a watchful eye and set appropriate stop-loss levels, aligning with the support zone’s validity.
Tag: technical analysis
Unlocking Growth: A Hidden Gem in the Paint Industry
a company with consistent revenue growth, boasting a remarkable 14.65% year-over-year increase as of September 2023. Add to that a stellar 23.35% return on capital employed (ROCE) and a debt-free balance sheet – a rare find in today’s market. This company not only performs well but does so without the burden of debt, signaling a robust financial standing.
All about Fibonacci Retracement
Fibonacci retracement is a technical analysis tool used to identify potential levels of support and resistance in the price movement of a financial asset. It is based on the idea that markets tend to retrace a predictable portion of a move, after which they may continue in the original direction. The Fibonacci sequence is a […]
All about Parabolic SAR
Parabolic SAR (Stop and Reverse) is a technical analysis tool used to determine the price direction of a financial instrument, such as a stock, commodity, or currency pair. It was developed by J. Welles Wilder, Jr. and is designed to help traders set stop-loss orders and exit positions. The Parabolic SAR uses a series of […]
Using Averages in Trading
For traders, the average can be a useful tool to help them make informed trading decisions. There are several types of averages that traders commonly use, including the simple moving average (SMA) and the exponential moving average (EMA). The SMA is calculated by adding up a set number of closing prices for a stock or […]
All about Average True Range (ATR)
The Average True Range (ATR) is a technical analysis tool that measures the volatility of a stock or other financial instrument. The ATR was developed by J. Welles Wilder, Jr. and is designed to measure the average true range of price movement over a specified period of time. The ATR is calculated by taking the […]
All about Momentum Indicator
The momentum indicator is a technical analysis tool used to measure the strength of a stock’s price movement over a period of time. It is based on the principle that as a stock’s price increases, its momentum increases, and as its price decreases, its momentum decreases. The momentum indicator is calculated as the difference between […]
All about Ichimoku
Ichimoku is a technical analysis indicator used to analyze the price movements of stocks and other financial instruments. The full name of this indicator is Ichimoku Kinko Hyo, which translates to “one glance equilibrium chart” in Japanese. It was developed by a Japanese journalist named Goichi Hosoda in the late 1930s. The Ichimoku indicator is […]
All About Simple Moving Average (SMA)
A Simple Moving Average (SMA) is a popular technical analysis tool used by traders to analyze the price movements of a stock or other financial instrument. The SMA is a calculation of the average price of a stock over a specified period of time. It is called a “simple” moving average because it assigns equal […]
All about Stochastic Oscillator
The stochastic oscillator is a technical analysis indicator used by traders to measure the momentum of a stock or other financial instrument. It was developed by George Lane in the late 1950s and is based on the observation that in an uptrend, the closing price of a stock tends to be near the high of […]
