Harmonic Patterns – An Introduction to Harmonic Trading

Harmonic Patterns take geometric price patterns to the next level by utilizing Fibonacci numbers to define precise turning points. Unlike other more common trading methods, harmonic trading attempts to predict future movements. By identifying PR Zones, one can even get precise targets and stop-losses.

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GST and its impact on stocks

The most significant tax reform of India, i.e., the GST or Goods and Services Tax, will eventually become a reality from 1st July 2017. The Lok Sabha passed on 4 significant legislations to introduce a nationwide Goods and Services Tax (GST) bringing India nearer to a uniform tax dominion and while putting an ending uncertainty which is positive for markets.

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Nifty broke out of its all-time high. Is it a start of a new Bull Market?

Last week the Nifty broke above the weekly resistance of 6340 emphatically and closed at 6526, a new all-time high. The rise is attributed to the strong chances of a stable government under NDA after the elections. The volume was very strong when the breakout happened on Friday (as shown in the Chart below):

Nifty Weekly and Daily volume breakout

Nifty Weekly and Daily volume breakout

We have two observations to make that indicates a start of a new long-term uptrend (see attached chart):

  1. 6340 resistance was a very strong resistance (based on the number of touches – there are 5 touches as visible in the chart below, our “Basics of Technical Analysis” webinar attendees will recall how these are found)
  2. Volume was also unusually strong on the day of the breakout, i.e. Friday. Both the facts above are a very positive sign and an indication that the breakout is strong and the chances of success of the rally are high.

As the Weekly and Daily chart shows, the action on 9th March, indicates a start of both a short-term trend and long-term trend and hence would be a great time to start looking for volume breakouts. The beauty of the volume breakout strategy (as described in this blog post) is that you can use the volume and new-high scans to search for stocks that are breaking out and almost every day you will find new ideas if you were to use a good scanning tool like the one in Investar. You can continue doing that every day after the start of the uptrend, as not all stocks start rallying at the same time. You enter a stock only when it breaks out on strong volume.

Obviously the Screener is an important tool to have when you want to use this strategy. Here are some short-training videos that can help understand how to use the Investar Screener and Scan alerts. We are also planning to conduct some webinars on using the intraday screener in the future.

Introducing 1-min real-time for NSE F&O and Nifty Special Editions..

Investar_fo_release_email

We are pleased to announce a new release of Investar with 1-min real-time data for all NSE Futures and Options that enable the following products/addons:
1. Intraday (NSE F&O 1-min ) Add-on.
2. Nifty Special Edition (1-min)
3. Nifty-50 Special Editionfor traders of Nifty, BankNifty and all Nifty 50 stocks, their futures and options.

Following are the new Features:
* 1-min real-time data for all NSE Futures and Options
* Intraday Screener now supports 1,2,3-min scans and scan alerts.
* New F&O View (with OI%)
* Enhanced F&O Lookup
* Market to start at 9:15 am and close at 3:30 pm
* and many more

How does it help me?
Our 1-min real-time F&O data will now enable you to scan for buy/sell signals in Futures on 1,2 and 3-min timeframe charts. With 1-min data, you can find more precise volume breakouts as well as find futures with open interest build-up in 1-min charts.

How long do I have access to 1-min F&O data in Investar Beta?
All features and bug fixes made in the recent Beta version will make it to the Investar release. Free 1-min real-time F&O data access in our Beta version will end on 5th Nov, 2013 (to give interested users sufficient time to purchase the addon). We thank all Beta users for providing us valuable feedback during the Beta.

How much does 1-min real-time F&O data cost? How do I purchase the Nifty-50 Special Edition?
Pricing for the 1-min real-time F&O data and the Nifty Special Editions is provided in our Pricing Section.

How do I upgrade to the new release?
If you have Investar installed on your PC, you simply start Investar and it will auto-upgrade to Investar 4.0. Since the Nifty Special Edition has now been re-vamped, all Nifty Special Edition users will also automatically be upgraded to the new release of Investar Standard 4.0, and henceforth should click on “Investar Standard 4.0” to start the software. In case you don’t have Investar installed, you can download the new release from our Downloads Section.

Which one is right for me – Standard Edition, Nifty Special Edition or Nifty-50 Special Edition?
Nifty and Nifty-50 Special Editions both have Standard Edition features.
Nifty-50 Special Edition is limited to Nifty, BankNifty spot, future and options and the Nifty 50 stocks, their futures and options. Nifty Special Edition has now been totally revamped with a base Nifty Special Edition that is EOD and a choice of 5-min and 1-min data. You can see more about Nifty Special Editions here: http://www.investarindia.com/Investar/nifty-live-chart-software.aspx

I am a subscriber of Nifty Special Edition. How do I upgrade to 1-min real-time data?
You can see the upgrade cost as follows:
1. Login to the website.
2. Navigate to the Pricing Section.
3. Select the “Intraday Nifty 1-Min Add-On”.

investar_fo_release_email

Dear Investar User:

We are pleased to announce a new release of Investar with 1-min real-time data for all NSE Futures and Options that enable the following products/addons:
1. Intraday (NSE F&O 1-min ) Add-on.
2. Nifty Special Edition (1-min)
3. Nifty-50 Special Editionfor traders of Nifty, BankNifty and all Nifty 50 stocks, their futures and options.

Following are the new Features:
* 1-min real-time data for all NSE Futures and Options
* Intraday Screener now supports 1,2,3-min scans and scan alerts.
* New F&O View (with OI%)
* Enhanced F&O Lookup
* Market to start at 9:15 am and close at 3:30 pm
* and many more

How does it help me?
Our 1-min real-time F&O data will now enable you to scan for buy/sell signals in Futures on 1,2 and 3-min timeframe charts. With 1-min data, you can find more precise volume breakouts as well as find futures with open interest build-up in 1-min charts.

How long do I have access to 1-min F&O data in Investar Beta?
All features and bug fixes made in the recent Beta version will make it to the Investar release. Free 1-min real-time F&O data access in our Beta version will end on 5th Nov, 2013 (to give interested users sufficient time to purchase the addon). We thank all Beta users for providing us valuable feedback during the Beta.

How much does 1-min real-time F&O data cost? How do I purchase the Nifty-50 Special Edition?
Pricing for the 1-min real-time F&O data and the Nifty Special Editions is provided in our Pricing Section.

How do I upgrade to the new release?
If you have Investar installed on your PC, you simply start Investar and it will auto-upgrade to Investar 4.0. Since the Nifty Special Edition has now been re-vamped, all Nifty Special Edition users will also automatically be upgraded to the new release of Investar Standard 4.0, and henceforth should click on “Investar Standard 4.0” to start the software. In case you don’t have Investar installed, you can download the new release from our Downloads Section.

Which one is right for me – Standard Edition, Nifty Special Edition or Nifty-50 Special Edition?
Nifty and Nifty-50 Special Editions both have Standard Edition features.
Nifty-50 Special Edition is limited to Nifty, BankNifty spot, future and options and the Nifty 50 stocks, their futures and options. Nifty Special Edition has now been totally revamped with a base Nifty Special Edition that is EOD and a choice of 5-min and 1-min data. You can see more about Nifty Special Editions here: http://www.investarindia.com/Investar/nifty-live-chart-software.aspx

I am a subscriber of Nifty Special Edition. How do I upgrade to 1-min real-time data?
You can see the upgrade cost as follows:
1. Login to the website.
2. Navigate to the Pricing Section.
3. Select the “Intraday Nifty 1-Min Add-On”.

Coming Soon: Investar Nifty Special Edition

Coming Soon:  A Special Edition of Investar with Nifty Futures and Options intraday and End-Of-Day charts (spot charts are included)! This edition is specially for those traders who trade ONLY in NSE Indices like Nifty, BankNifty, Minifty and Dow and S&P 500 Futures. Continue reading