Niftytrend.in brings you the most advanced and featured live technical chart. Trade live with 1min, 5 min, 15 min, 30 min and 1day time interval in different contract like Gold, Silver, Crude, Natural Gas, US DOLLAR, Forex. Generally trader who involve in export and import bussiness track USA currency Dollar movement. Here in this page commodity trader can use EOD chart of USD-INR and Intraday live chart with different time intervals.
In the chart 1st section is called candlestick pattern. In this part price moves in a closed boundary that is called lower and upper Bollinger band. Watch when price touches any of the boundary trend reversal occurs. So Bollinger boundary gives us limit of price movement and trend reversal point. Use LIVE CHART section to study technical chart and uses of MACD, Moving averages, STOCHASTIC and BOLLINGER BAND.
Moving averages like short term and long term moving averages are used in technical charts to determine trend. Two lines crossing each other inside Bollinger bands are called moving average. When short term moving average line cross long term moving averages upward, trend becomes bullish and incase of downward cross trend becomes bearish. So this gives trend. MACD-moving average convergence divergence. This is the crossover of short and long term moving averages. Watch and compare MACD with candle stick direction in 1st section, when cross over takes place in upward direction in MACD, stock moves upward and in reverse stock moves downward. Also watch the buy volume and sell volume bar in MACD increases and decreases with stock movement in bullish and bearish trend.
Last section is called stochastic. It shows the overbought and over sold zone. When stochastic is below 30, it is called over sold zone and any time buyer can take control and stock may move upward. When stochastic is above 70 levels then this is called over bought zone and any time selling pressure or profit booking may come. Study these 3 sections and compare with each other to get clear trend of stock. Paper or do virtual trade to practice .Learn candlestick pattern and use with technical analysis to get better result.