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Maximising Profits with TradingView: Looking the tool in a Share Market Trader’s Perspective

TradingView is a powerful charting and technical analysis platform that can be used to identify profitable trading opportunities in the stock market. In this article, we will discuss some tips and strategies for maximizing profits with TradingView, from a share market trader’s perspective.

Use TradingView’s advanced charting tools to identify trends and patterns.

TradingView offers a wide variety of charting tools that can be used to identify trends and patterns in the stock market. These tools include:

Candlestick charts: Candlestick charts are a popular type of chart that shows the open, high, low, and close prices of a security over a given period of time. Candlestick patterns can be used to identify trends, reversals, and continuation patterns. Get zero brokerage demat account to start things right.

Moving averages: Moving averages are a type of technical indicator that smooths out price data and can be used to identify trends.

Relative strength index (RSI): The RSI is a momentum indicator that measures the speed and magnitude of price movements. The RSI can be used to identify overbought and oversold conditions. Get zero brokerage demat account to start things right.

Use TradingView’s indicators to identify entry and exit points.

TradingView offers a wide variety of indicators that can be used to identify entry and exit points for trades. These indicators include:

Support and resistance levels: Support and resistance levels are areas of price where the buying and selling pressure is equal. Support and resistance levels can be used to identify entry and exit points for trades. Get zero brokerage demat account to start things right.

Trendlines: Trendlines are lines that connect the highs and lows of a price trend. Trendlines can be used to identify the direction of a trend and potential entry and exit points for trades.

Fibonacci retracements: Fibonacci retracements are a series of horizontal lines that are based on the Fibonacci sequence. Fibonacci retracements can be used to identify potential areas of support and resistance. Get zero brokerage demat account to start things right.

Use TradingView’s backtesting tools to test your trading strategies.

TradingView offers a powerful backtesting tool that can be used to test your trading strategies before you risk real money. The backtesting tool allows you to simulate your trading strategies on historical data to see how they would have performed. Get zero brokerage demat account to start things right.

Use TradingView’s paper trading feature to practice your trading strategies.

TradingView’s paper trading feature allows you to practice your trading strategies without risking real money. The paper trading feature allows you to simulate trading on live market data. Get zero brokerage demat account to start things right.

Develop a trading plan and stick to it.

A trading plan is a written document that outlines your trading goals, strategies, and risk management rules. A trading plan can help you to stay disciplined and avoid making emotional trading decisions. Get zero brokerage demat account to start things right.

Manage your risk.

Using stop-loss orders: Stop-loss orders are orders to sell a security if it falls below a certain price. Stop-loss orders can help you to limit your losses if the market moves against you. Get zero brokerage demat account to start things right. Get zero brokerage demat account to start things right.

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