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#SuperTrend Indicator |. Easiest Technical Analysis for Beginners | #StockMarket - YouTube
Channel: Pushkar Raj Thakur: Business Coach
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So as I Promised that I am going to train
you over multiple indicators for Technical Analysis.
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We have already learned MACD, RSI
and today we are going to learn about Super
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trend and now maybe when you are learning
MACD, RSI, you feel that they are looking
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difficult, how I will use them, I don't understand
it at once, so today as the name is the super
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trend, it is the super easy indicator, means
it is so easy that even a child will understand
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it. So I thought that I should first teach
you about some easy indicators before taking
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it over the difficulty so that you can make
a profit in the market, even if You trade
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in the stock market. Whether you trade-in
the commodity. Whether you trade in the future
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and options. Supertrend is going to help you
a lot. Now what does this super trend look
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like and how would it happen?
Now before understanding the basics of it,
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let me show you the chart directly here.
So, here we will see in the live market how
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SuperTrend works and how it is going to make
your analysis easier.
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So, here we go, alright. So, now you are watching
the chart of Bank Nifty. Here I have opened
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a 1-minute chart. Similarly, instead of 1
minute, open a 5 minutes chart. You can open
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a 15 minutes chart and you can open half an
hour, in which time frame you want to analyze.
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The point is, what are you doing? If you are
doing intraday then you analyze according
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to 5 minutes or according to 10 minutes and
if you are doing swing trading then you analyze
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according to 15 minutes or half an hour.
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Now what is this super trend, and how does
it work? Now you look here, you will be seeing
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2 lines here. One here is the red line and
one here is the green line, so which is the
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red line, you call it upper line, and the
green line, you can call it lower line. Now
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if you have understood this much, then you
are going to understand the super trend here.
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See here, as soon as you have your upline,
which is the red line, as soon as it goes
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down and after going down it rises. See, red
is converted to green, so as soon as red is
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being converted to green, here you will see
an arrow. Here as soon as you see this arrow,
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then here you will see an arrow that the uptrend
is starting from here. Similarly, if you are
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in the market when your green line will be
red. This green was going and here it turns
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red, so after that, you see a red arrow and
if you understand this then what are these
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arrows telling, Understand this. See, this
sideways trend does not work so well in the
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market. This indicator doesn't work so well.
What is the sideways trend, You already know?
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You know the uptrend and you know the lower
trend, and you know the sideways trend, if
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the market is volatile then your super trend
can help you a lot. For example, Suppose someone
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is following a super trend, here it shows
that the uptrend is starting, but very soon
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the uptrend has ended and it indicates that
a low trend is starting. Now it was a sideways
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market, now
here, they have not to trade, why I will just
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tell you that why not to trade here, you have
to use indicators, but they are confirmed,
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But here's what happened as soon as your downtrend
started from here. As soon as this super trend
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said that the market is bearish from here,
Somebody sold at this moment, so how much
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benefit he can get, you can imagine, and even
here the trend did not end. The trend has
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ended here and another trend is starting from
here. So here I said that, why you have not
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to trade here and why to trade here, I'll
tell you this too. Whenever you see the uptrend,
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like here's the super trend indicator we put
in here. Now how will this super trend be
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put, you will go to simple indicators and
by going to the indicator you will search
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super trend as soon as you search super trend,
I will just show you, wait if you will write
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here super trend then this super trend will
come. If we have put it already, then there
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is no need to put it in again. It is put here,
then it is placed two times, it doesn't matter.
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But here you see,
Now here it was sideways and now why not trade
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here, understand this. As you will see this
arrow, on which candle you see this arrow,
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you have to put trade, when after that another
big arrow form, meaning another candle was
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formed, then when this green candle was formed
after that it was followed by a green candle,
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the answer was no, now until the green candle
above it closes, even then we will not trade
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and that didn't happen, then here it showed
for a while that uptrend is going but we don't
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have to trade, then when we have to trade,
here we will trade. Here's why, when we saw
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the candle going down, there was a downtrend
going on here. But it could have been too
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short. Now as soon as its second candle forms
below its low, from the previous candle, we
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can place a trade from here. How long, you
have to watch this, so now you know about
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the risk-reward ratio. How much risk do you
have to take for reward, nowhere, where will
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you put your stop loss here? Stop Loss will
be applied on the low of the previous candle,
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which means at its high here and here you
can put stop loss anywhere. If you are placing
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trade here. And similarly, assume that here
it would have shown the uptrend and here we
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place our trade, so where to put stop loss
here? At the bottom of this candle, if you
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have understood so much here, then you have
understood how to use super trend, but now
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the super trend has a default setting. Here
we come to the settings, there is
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the default setting of super trends. Here
when you go to the inputs, here you will see
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a length of 10 and a factor of 3, you set
it to 14, which will give you more accurate
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results. If you just place it for 14, it will
give you more accurate results, there will
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not be much difference in it. But your accuracy
will increase. Here the super trend that you
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have learned, you can apply it to anyone and
you can apply it for Nifty and whatever your
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favourite share is, you can search about it,
either it is Reliance, whether it is TCS and
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whether it is Wipro and you see the super
trend inside it.
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From here if any super trend is working then
see it is going on then if you can see a trend
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in this way and that trend is not changing,
then no need to sell, so now you have understood
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about Supertrend And as I said, the name is
as simple as it sounds. This indicator is
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equally easy to use, so I have that you have
understood much about Supertrend and you can
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use it for your Analysis but as I Told You
that All the Indicators indicate you, It doesn't
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give you a confirmation and especially doesn't
use Supertrend in the sideways market otherwise
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your stop loss will hit again and again, so
if you want to know more about the stop loss
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and in fact about more indicator, then you
can tell by commenting below, that on which
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topic you want the next video and if you liked
this video then like it and please share it
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so that many people will understand about
Supertrend if you have more questions you
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can ask in the comments and if you are first
time on this channel then subscribe it and
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Click on Bell icon and if you are watching
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description and comment box of this video.
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the link in the description and comment box
alright I will see you in the next video,
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till the time you go Self-made.
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