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Who is the Top Trader in India
The Top Trader in India I am bit surprised to inform you all that even after the demise of Mr. Rakesh Jhunjhunwala, the stock tycoon of Indian stock markets still hails to be India’s No 1 trader, why? Here are some interesting facts. Early Days of Rakesh Jhunjhunwala: Rakesh Jhunjhunwala, born onRead more
The Top Trader in India
I am bit surprised to inform you all that even after the demise of Mr. Rakesh Jhunjhunwala, the stock tycoon of Indian stock markets still hails to be India’s No 1 trader, why?
Here are some interesting facts.
Early Days of Rakesh Jhunjhunwala:
Rakesh Jhunjhunwala, born on 5 July 1960, a chartered Accountant by profession, took up stock trading and became the leading investor, referred to as ‘Warren Buffet of the Indian Stock Markets.’
In Indian context, Mr. Rakesh is agreed upon as the number one stock trader and even after his death, the Internet searches place him on the top.
In 1985, Rakesh Jhunjhunwala, began to make an investment with a capital of ₹5,000 and made a good profit in 1986.
Rose, became the 438 richest man in the world, it is estimated that his net worth is US$5.8 billion and before his death, he held an asset management firm named Rare Enterprises.
His Contribution Inside/Outside the stock trading Markets:
Well-known for stock market predictions, and through the trading sessions, Mr. Rakesh did maintain a bullish outlook, often called the ‘Big Bull of India.’
Served as Chairperson/Director for several companies and is the founder of Akasa Air, airlines company, in which Mr. Rakesh made an initial investment.
Controversy:
Mr. Rakesh was said to have participated in internal trading, charges laid by SEBI, for which he paid a settlement amount of Rs 36 crores and his wife paid an amount of Rs 2 crores.
Financial Achievements:
In 1985, Mr. Rakesh made an investment of INR 5000.00 and made steady progress year on year.
From 1986 to 1989, he earned a profit of ₹25 lakh, and his investments rose by ₹11,000 crores by 2022.
Mr. Rakesh invested ₹7,294.8 crore worth in Titan, a subsidiary of TATA group.
He is a partner in Rare Enterprises, an asset management firm, in which he owns a portfolio.
In July 2021, Mr. Rakesh became a major stakeholder of 40% in Akasa Air, a low-cost airline in India.
He further expanded his stake in Akasa Air by 6%, thereby becoming the largest stakeholder in the company.
Corporate Advisor:
Mr.Rakesh became a member in board of directors for several companies and to list them: Geojit Financial Services, Praj Industries, Concord, Biotech, Innovasynth Technologies (I) limited, Mid day Multimedia Limited, Nagarjuna Construction Company.
In addition, Tops Security Limited, Viceroy Hotels, Aptech & Hungama Digital Media Entertainment.
He held the post of a member, in the board of Advisors of India’s International Movement to the United Nations (I.I.M.U.N.)
Personal Assets:
In 2013,
Standard Chartered Bank sold to Mr. Jhunjhunwala, 6 units of the Ridgeway Apartments to Mr. Rakesh for ₹176 crore that is located in Malabar Hills in 2013.
In 2017,
He purchased the remaining 6 units of the Ridgeway apartments from HSBC for ₹ 195 crore.
In 2021,
Mr. Jhunjunwala began to construct his dream home, a 13-storey that occupies 70,000 sqft, after the demolition of the Ridgeway apartments.
Philanthropy:
Mr. Rakesh Jhunjunwala concentrated in Philanthropic activities in the sphere of healthcare, education, etc.
He provides support to the following NGOs, and they are Friends of Tribals Society and Olympic Gold Quest, Agastya International Foundation, St Jude, Ashoka University.
He took an active participation to raise an eye hospital, R J Sankara Eye Hospital in New Panvel.
See lessBest Moving Average for Intraday Trading
The Best Moving Average for Intraday Trading The most popular and the best moving averages for intraday trading are simple moving averages, and exponential moving averages. To analyse the facts, the analytics selects the latest data and eliminates the previous data in calculating the moving average.Read more
The Best Moving Average for Intraday Trading
The most popular and the best moving averages for intraday trading are simple moving averages, and exponential moving averages.
To analyse the facts, the analytics selects the latest data and eliminates the previous data in calculating the moving average.
Methodology to Calculate the SMA/EMA
The parameters used for the calculation of moving averages is the closing stock prices. It is the price at which the stock holds when the stock market rings the closing bell.
Seldom, the parametric values are changed to high, low and open price in calculating the moving averages.
Fundamentally the Simple Moving Average & the Exponential Moving Average Differ:
Both SMA, and EMV are used to identify the stock trends, directions of stock flows, and make potential buying/selling stocks.
Exponential Moving Averages, EMA, gives more precise results to Simple Moving Averages as the calculations provide more weight-age to the latest price date.
EMA is calculated by giving higher weighting to recent prices, and the SMA is calculated by providing equal weighting to all values.
In addition, EMA enables analysts to speculate the future trends.
Simple Moving Average Crossover Strategy:
The crossover strategy helps you in identifying the entering and closing trades.
You can identify a bullish trend when the 50 day SMV crosses above the longer 200 day SMV.
You can identify a bearish trend when the 200daySMV crosses above the 50SMV.
If you use the less day SMA that would draw closer to the current price movements.
The candlestick pattern of 10 day SMA (in orange) and 20 day SMA (in green) depicts different patterns.
When the 10-day SMA crossover the 20-day SMA, it is ideal for you to buy the shares.
When the 10-day SMA crosses below the 20-day SMA, it is ideal for you to sell the shares.
Best Exponential Moving Average Crossover Strategy, EMA:
In exponential crossover strategy, you will have to combine two exponential moving averages, also known as Smoothing.
Ideal Example:
An ideal example is the combination of a 50 day EMA with a 100 day EMA. The 50 day EMA is the faster moving average and the 100 day EMA is the slower moving average.
While calculating the EMA, you will find that the 50 day EMA will include a lesser number of data and hence the resultant value will lie in and around the current market price and hence it reacts quickly.
When calculating the EMA you will see that the 100 day EMA will possess more data and the calculated average will have a price nowhere to the current market price. You will find the reactions pretty slow.
CIPLA ( 1-day) chart, when the 25 day EMA line representing in pink crosses below the 50 day EMA line that represents black colour, an atmosphere to sell the stocks stands an opportunity.
Likewise, when the 25 day EMA line crosses above the 50 day EMA then a climate of buying opportunity gets created.
You can find a bullish crossover when 25 Day EMA crosses above the 50 Day EMA.
Likewise, a bearish crossover develops when the 50 day EMA crosses above the 25 day EMA.
See lessHow to Find Stocks for Swing Trading?
Best Way to Find Stocks for Swing Trading Get to the desk early in the day, and make a comprehensive analysis of the stock related news. You can comfortingly gather the essential news either from general online financial magazines or check at the news column of your stock broker’s app. For authentiRead more
Best Way to Find Stocks for Swing Trading
Get to the desk early in the day, and make a comprehensive analysis of the stock related news.
You can comfortingly gather the essential news either from general online financial magazines or check at the news column of your stock broker’s app.
For authentic news, you can check-in at television companies like CNBC, Finviz, and Bloomberg. For better info on swing trading, you can view SEC filings.
You must keep track of overall market news, relating to, political, and economic issues.
You can make technical analysis that is usually dealt by the experts in evaluating the potential trades for intraday trading.
In case, you observe a positive catalyst that spirals a bullish pattern then the probability of even to odd in your trade can happen leading to a successful closure of trade.
Focus on Aspects that Enables in the Selection of Stocks:
Liquidity refers to the level of volumes of stocks in trading and higher the volumes shall make you buy and sell stocks with ease.
High liquidity represents lower bid-ask spreads, and thus loss can be reduced to a greater extent as the stock experiences low risk.
If you enter into trading with a minimum volume of 500,000 shares per day it is admissible.
Correlations become a decisive factor in selecting the stocks, you must consider sector stocks that are in lead, or check for the market indexes that enables you to find out the stock with higher correlations.
Such stocks having high volatility can break away from the trading range. It is here that you can make a profit.
You can check for reliable stocks that show trading patterns comforting you to move towards the stocks.
You can also select a stock whose company is mostly in the news, and a positive news in the trading hours can make the stock bounce out from the trading range. Thus this too becomes a good chance to make an entry for the trade.
Check for market makers, these are the customers who increase the liquidity and facilitate the transactions by keeping the stock in hold.
These market makers tend to set the flow of fund direction that causes an impact on the stock movements.
Stock traders chase such stocks which are created by the market makers just to visualise and interpret to identify clues if any.
Technical Analysis:
To obtain the flow of stock movements, upward trend, downward trend or sideways, swing traders need to conduct 200 day simple moving average analysis. It is possible with Finviz’s free tool in case you are unable to access screener.
Try to adopt the technicality of stock swings, check for the technical patterns after the end of the day trading sessions. The candlestick chart patterns can represent rebound or break out.
You must try to identify the stocks that have risen high, and pull back as it provides a scope of entry for stocks.
In the above candlestick pattern, Blink Charging Co, company in the NASDAQ trading centre, the company trade volumes is 612761.
On Wednesday,June 06 2018 the stock went low at $5.31, and the expert waited for an entry to swing back somewhere in the middle of $6 or $7.
But, on Friday, June 08 2018, the stock hit $5.5, a good entry point.
See lessBest Moving Average for Swing Trading
Best Moving Average Setups for Swing Trading Don’t you want to earn at least 5 percent per week on your investment? If so, Explore the connectivity between the best moving averages and swing trading to earn the most. Below you will find significance of the moving averages and their operations in aRead more
Best Moving Average Setups for Swing Trading
Don’t you want to earn at least 5 percent per week on your investment? If so, Explore the connectivity between the best moving averages and swing trading to earn the most.
Below you will find significance of the moving averages and their operations in a specific time frame in Technical analytics.
The technical analytics introduce the moving averages & timeframe for the right judgment of buying/selling stocks, market trends, entry or exit positions.
The analytics involve study of price variations on the candlestick patterns.
You can develop candlestick patterns depending on your selection of the time frame domain ranging from a few minutes to a few months.
Different Types of Moving Averages/Timeframes
Timeframe:
Time frame in technical analysis is defined according to the analytics performed in a duration.
It can be for short term ( few hours to a day) , intermediary term (1-day to 20-day) or long term(> 20 days to 500 days).
Example: If you say 20 SMA graph, it is the technical analysis of a time frame of 20 days period on the simple moving averages.
Moving Averages:
Moving Averages is a good swing trade technical indicator, which indicates a calculation of the average price of your chosen security cover over a period. It is also defined as Simple Moving Averages.
Different Moving Averages:
To list a few moving averages:
Simple Moving Averages
Exponential Moving Average
Moving Average Convergence Divergence
Smoothed Moving Average
Linear Weighted Moving Average.
Beside it, you can also refer to the moving averages like:
Hull Moving Average
Triple Exponential Moving Average
Kaufman’s Adaptive Moving Average
Vidya’s Linear Regression Slope (VLSM).
Exponential Moving Average:
In EMA, the analytics make more emphasis on the recent price action than SMA.
Multiplier is a factor that defines the weighting given to the recent stock price.
If you find a bigger multiplier factor then it will provide more weighting to the most recent price.
The EMA calculation becomes more responsive to the recent price changes.
Smoothed Moving Average (SMMA):
In the SMMA, the calculation will provide a multiplier factor and if its value is reduced then the results will be less responsive to the recent stock price.
Note: The SMMA may be less responsive to the recent prices when compared to EMA but more responsive in comparison with SMA.
Linear Weighted Moving Average, LWMA
It is similar to the EMA, and weighting is given to each closing price and it declines linearly. It is a bit complex when compared to Simple Moving Average, SMA.
Moving Average Convergence Divergence, MACD
It is the difference between two exponential moving averages, like 33-day EMA and 21-day EMA.
The graph will have lines plotted above and below the zero line.
The lines above the zero line represent the bullish trend and lines below the zero line represent the bearish trend.
See lessWhat are the Best Stocks for Swing Trading Tomorrow?
Best Stocks for Swing Trading We are entering the third week of February 2024, tomorrow, Monday is something important for swing traders. You will be surprised to see three stocks (Ashok Leyland, IPCA Laboratories, Phoenix Mills) that are ready for swing trading tomorrow. Important Note: Swing tradiRead more
Best Stocks for Swing Trading
We are entering the third week of February 2024, tomorrow, Monday is something important for swing traders.
You will be surprised to see three stocks (Ashok Leyland, IPCA Laboratories, Phoenix Mills) that are ready for swing trading tomorrow.
Important Note:
Swing trading experts have concluded after a detailed fundamental and technical analysis. But, remember the hold time of swing stocks is somewhere from 7 days to 10 days only.
Ashok Leyland (ASHOKLEY)
Decent Performance:
If you begin to consider the 12-month trailing, then the operating revenue of Ashok Leyland is Rs. 42,893.69 Cr.
Good Technical Parametric Performance:
The technical parameters: Outstanding annual revenue growth (59%), pre-tax margin(5%), and ROE(14%).
Technical Analysis:
If you check in the technical aspect, the stock is trading at 10% above the 200 DMA, and certainly it is below the 50 DMA.
Setback:
The debt-to-equity ratio is 228% and it is certainly a matter of concern about the company.
Target for Swing Trade:
Still, you can target this week on a swing trade, as the current market price ( INR 176.00), apply stop loss @ INR 170 & set the first target at INR 182, and the second target at INR 188.
Expert Reaction:
The experts call it a positive crossover and are suggestive to hold the stock for 1 week.
IPCA Laboratories (IPCALAB):
Decent Performance:
On a 12-month trailing, IPCA Laboratories, IPCALAB, has an operating revenue performance of INR 6,246.16 cr.
Good Technical Parameters:
The company holds technical parameters to the value of, annual revenue growth (8%), pre-tax margin ( 12%), and ROE ( 8%).
The company’s financial leverage is about 11%, and that is the debt-to-equity ratio, and financial experts consider it to be a good financial statement.
The technical analysis states that the stock position is close to 50 DMA and it is about 15% above 200 DMA.
Share Price Target:
The current market price of the stock is INR 959.00, the stop loss is INR 925, the first target is INR 995, and the second target is INR 1025.
You are advised to hold the stock for one week.
Expert Reaction:
The analysts think that the swing stock has reached the breakout stage.
Phoenix Mills:
Decent Performance:
Considering a 12-month trailing, Phoenix Mills runs with an operating revenue of INR 2,874.59 Cr.
Good Technical Parametric Performance:
The company has an outstanding annual revenue growth of 77%, maintains an exceptional pre-tax margin of 63%, and contains a good ROE of 15%.
Technical Analysis:
The stock is well above the key moving averages, 8% from 50 DMA, and 27% from 200 DMA.
Share Price Target:
You can buy shares at the current price of INR 2015, a stop loss of INR 1955, the first target of INR 2075, and the second target of INR 2135. Experts advise to hold the price for at least one week.
Expert Reaction:
Experts say that one can find a volume spurt in the stock performance and therefore it can be said to be the best swing trade stock.
See lessZerodha Brokerage Charges, Fees and Taxes
Brokerage Charges in Zerodha 2024 Zerodha, a discounted online brokerage company charges a flat price of INR 20 per trade (intraday trade). But, to understand how much intraday trading is charged you will have to roll down the lines for a better understanding. Below you can obtain valuable informatiRead more
Brokerage Charges in Zerodha 2024
Zerodha, a discounted online brokerage company charges a flat price of INR 20 per trade (intraday trade).
But, to understand how much intraday trading is charged you will have to roll down the lines for a better understanding.
Below you can obtain valuable information, such as:
Zerodha Brokerage Charges on Different Services.
Simple Ways to Open Demat Account in 5-Minutes:
Enter the Zerodha website or app and enter the required details, name, mobile number, and city, click the open demat account,’ and then click the submit button.
Charges for Opening an Account:
You can engage with Zerodha in the stock market business by enrolling in your desired kind of account. An account can be obtained by making the payment of the charges and you can find it in this format, ( account type, charges):
(Online account, ₹ 200),
(Offline account, ₹ 500),
(NRI account(offline only, ₹ 500)),
(Partnership, LLP, HUF, or corporate accounts (offline only),₹ 500)).
Zerodha Services: Charges Levied on Optional Value-Added Services
Before you enroll to avail of various services provided by Zerodha you can make a comparison with other competitors in the market.
It will not be surprising to say that the prices quoted are highly reasonable and competitive.
Below are the different services provided and alongside you can view the billing frequency, and the levied charges.
The information is jotted in this format, ( service/ billing frequency/charges) and is as follows:
(Ticker Tape/Monthly/Annual/Free:0|Pro:249/2399)
(Small case/per transaction/buy & invest more: 100| SIP:10)
(Streak/Monthly/Regular: 690+GST | Ultimate:1400)
Kite Connect/Monthly/Connect:2000| Historical:2000)
Zerodha Brokerage Charges on Different Services:
Zerodha brokerage charges differ on different services such as equity delivery, equity intraday, f&O -futures, and F&O options.
For Equity delivery – you will be levied with zero brokerage charges.
For Equity Intraday – You will be levied with 0.03% or Rs 20/- per executed order whichever holds lower.
For F&O – Futures – You will be levied with 0.03% or Rs 20/- per executed order whichever is lower.
For F&O – Options – You will be levied with a flat Rs 20 per executed order.
Call & Trade @₹50
You can approach Zerodha via a dealer, and request for auto square-off orders, for which, you will be asked to make an additional charge of ₹50 per order.
NRI Brokerage Charges in Zerodha:
For Futures & Options, you will be levied to make a payment of ₹100 per order.
For a non-PIS account, you will be levied to make a payment of 0.5% or ₹100 per executed order for equity (whichever is lower).
For a PIS account, you will be levied to make a payment of 0.5% or ₹200 per executed order for equity (whichever is lower).
Account Maintenance Charge shall be collected annually, and you will have to make a payment of (₹500 + GST).
Your Account with Debit Balance: Pay Penalty
Zerodha shall charge you with a penalty of ₹40 per executed order if your trading account is in debit balance.
See lessWhat is the Timing for Intraday Trading?
Intraday Trading Timings in India The intraday trading timing in India starts from 9:15 am and close by 03:30 pm from Monday to Friday (Except on Public Holidays). It is just not the start and finish of the day trading timings that is essential but also know the conducive timings to trade. However,Read more
Intraday Trading Timings in India
The intraday trading timing in India starts from 9:15 am and close by 03:30 pm from Monday to Friday (Except on Public Holidays).
It is just not the start and finish of the day trading timings that is essential but also know the conducive timings to trade. However, below are the trading timings mentioned in the trading sessions.
Stock markets give you an opportunity to login and log out the markets at NSE/BSE to trade stocks like buying and selling those on the same day. It is termed as intraday trading.
Caution:
The business operations in the stock markets are highly volatile and a likelihood to experience a high volatility when you trade. That’s why, you must realise the right time to enter and exit the markets keeping a guard on trading signal charts. However, let us concentrate on the intraday trade timings.
Stock Market Opening & Closing Bells
You must set off to stock markets ( NSE/BSE) by the time the markets open with the opening bells at 09:15 am.
You must view the closing stock price of your desired on the previous day, and compare with the current day opening prices.
You must wait for the first 15-minute timeframe and observe the patterns (candlestick graph). Check it for buying markets, in case, the graph patterns show the selling markets scenario, then quit the markets for safety.
Another important period that is most conducive to do trading is, between 09:30 am and 10:30 am. The trading signals feature a particular pattern that proves beneficial for you.
From 09:30 am to 10:30 am, the stock markets experience higher liquidity, therefore you can make an easy entry and exit with good profits.
The stock volatility is higher in the early hours of the market and therefore this feature facilitates the trading activity of buying and selling.
Another point in time, 02:30 pm is highly crucial for you, it is here that you will experience an upward trend, downward trend, or sideways. If you are holding stocks you must begin to reach seriously then.
Note:
In case you are unable to make a decision on your bought stocks then your stock brokers make a decision between 03:15 pm and 03:30 pm and sell your stocks. You can obtain guidance from several stock brokers like Zerodha, Angel Broking One, upstox, and many more.
Hopefully, this piece of info can come of some use to all readers.
See less