In this article, we will discuss
Market trend insights provide critical information on the direction in which the prices of assets are moving. If the prices of assets are moving upward, the market trend is said to be bullish. On the other hand, the market trend is said to be bearish if the prices of assets are moving downward.
As a trader, being aware of the current market trend can help you make informed trading decisions. Additionally, you can also use the information to determine whether your trades are aligned with the current trend or not.
Understand your trade better with market trend insight from the Samco trading app
The new-gen trading app from Samco provides a unique market trend insight for every trade you enter into. Here’s a closer look at the insight that you get to enjoy.
Trade v/s trend
The trade v/s trend is a one-of-a-kind feature that lets you know what the market trend was when you executed a particular trade. The Samco trading app classifies market trends into the following 4 different types - very bullish, mild bullish, very bearish, and mild bearish.
Furthermore, this market trend insight also gives you information on whether your trade is aligned with the current market trend or against it. It even classifies all your trades into two categories based on their alignment with the market trend. Let’s get a closer look at the two types of classification.
- Aligned with the trend
Your trades are marked as ‘aligned with the trend’ if they match the direction of the market trend. For example, if you enter into a long position (purchase an asset) when the market is in a bullish trend, your trade is said to be aligned with the trend.
- Against the trend
On the contrary, if your trades don’t match the direction of the market trend, they’re marked as ‘against the trend’. For example, if you enter into a short position (sell an asset) when the market is bullish, your trade is said to be against the trend.
Using the trade v/s trend feature of the app, you can examine the outcomes of trades that are aligned with and against the trend. This simple exercise may help you identify which type of trade has been more profitable. For instance, you may discover that trades that are aligned with the trend are more profitable than trades that go against the trend. You can use this insight to plan your trades and improve your strategies.
Conclusion
Traders generally tend to place trades that align with the current market trend. However, there are instances where going against the trend has also yielded profitable results. With the Samco trading app’s market trend insight, you can gain a better understanding of your trades and even identify potential trading patterns that can help boost your profitability.
Disclaimer: INVESTMENT IN SECURITIES MARKET ARE SUBJECT TO MARKET RISKS, READ ALL THE RELATED DOCUMENTS CAREFULLY BEFORE INVESTING. The asset classes and securities quoted in the film are exemplary and are not recommendatory. SAMCO Securities Limited (Formerly known as Samruddhi Stock Brokers Limited): BSE: 935 | NSE: 12135 | MSEI- 31600 | SEBI Reg. No.: INZ000002535 | AMFI Reg. No. 120121 | Depository Participant: CDSL: IN-DP-CDSL-443-2008 CIN No.: U67120MH2004PLC146183 | SAMCO Commodities Limited (Formerly known as Samruddhi Tradecom India Limited) | MCX- 55190 | SEBI Reg. No.: INZ000013932 Registered Address: Samco Securities Limited, 1004 - A, 10th Floor, Naman Midtown - A Wing, Senapati Bapat Marg, Prabhadevi, Mumbai - 400 013, Maharashtra, India. For any complaints Email - grievances@samco.in Research Analysts -SEBI Reg.No.-INHO0O0005847
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