Teqmo charts or Share market malayalam is a place for me to share stock market and commodity market and technical analysis posts. How to invest in stock market, share market basics for beginners in stock market and commodity market, some technical analysis posts in Malayalam, other investment posts like mutual fund and intraday trading strategies. Share market Malayalam is our youtube channel and its videos are also included in some posts. Views are for study purpose only. Read disclaimer.
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Gaps as potential Support and resistance
Gaps as potential Support and resistance
In this post in support
and resistance series we will discuss about gaps acting as support and
resistance. Gaps are formed when price moves up or down sharply with no trading
in between. Because of this chart will show a gap in price pattern.
Different types of gaps
There are different
types of gaps. It can be classified mainly into 4 types.
We will discuss more
about these different types of gaps in another post. Here we will consider only
one character of gaps, that is acting as support or resistance.
How gaps are normally formed
Normally when price
moves in a range, the lower level acts as support and upper level acts as
resistance. To break this range, price have breakout with big volume. Sometimes
this huge volume breakout can create gaps in chart. This breakout level will
now act as new support for upside breakout and resistance for downside break
Gaps acting as support or resistance
Gaps will act as
effective support and resistance zones. I said zones as we always consider
support and resistance as price areas or zones and not a fixed point.
Those who missed the
chance to buy in the gap zone will try to buy when price reaches there. They
get a second chance to buy. When market reaches the level they will buy and
move price up. We know support zones are also called demand zones where buying
halts down movement of price and price starts to reverse from there.
Same thing happens
in case of resistance. The difference is sellers will be waiting to sell there
and thus price falls once reach that levels
Watch video below from share market Malayalam youtube channel to know more about gaps.
Check All posts in support and resistance series
We have done 4 videos about support and resistance. I will update this list once I add more.
Upstox is a leading discount broker in India and one of the fastest growing discount broker. Ratan Tata invested in this company a few years ago. Recently Tiger global invested 25 million in upstox. It is growing fast with cutting edge technology and low brokerage and gaining market share. Upstox added 1 lakh clients in December month 2020 only. They are providing some of the best trading platforms for traders and investors and making it better with frequent updates. Upstox pro is upstox web trading platform. How to open demat account in upstox or upstox account opening process
To trade in share market or commodity or currency market, you need a trading account. To buy and hold a share in share market you need a demat account also. You can easily open your trading and demat account with upstox by filling their account opening form. Link is given below.
Upstox account opening process is completely online and you can open trading and demat account in a few minutes by going t…
FYERS All you want to know
Fyers is one of the youngest discount broker in India found by 3 brothers. FYERS word is acronym for Focus Your Energy and Reform Yourself.
Fyers is a Bangalore based company. Their aim is to provide best technology platforms to traders in India. I think they succeeded in it to a point. They have one of the best platforms for web, desktop and mobile. We will discuss about fyers trading platforms in detail later.
Here we discuss few things about this discount broker, ranging from account opening process, trading platform, brokerage and thematic investing. Fyers account opening process
Fyers account opening process is completely online. You can open trading and demat account online by filling online account opening form in this link : Fyers
Form filling is a simple process. You can refer this video to fill fyers account opening form.
COMMODITY TRADING IN INDIA WITH MALAYALAM VIDEO
You can find commodity trading malayalam videos below this post from our youtube channel Share Market Malayalam. Commodity trading in India may not be as popular as stock market trading in India. Its gaining popularity in India now and a lot people started trading in mcx commodities now. Here we discuss some basic things related to commodity trading and commodity market in India.
Forward contracts of commodities are traded in commodity exchanges. Future and options segment is highly leveraged trading intruments and a beginner should first learn and then only trade in commodities. A lot of beginners in trading gamble in commodities like crude oil and lose money. Some go for tips. But that is not a permanent solution. Learning to trade is always better than going behind tips for commodity trading. To be successful in trading, you need to learn technical analysis and develop other skills also which are needed for a trader to be successf…