Markets are for everyone. Investing and trading are no different.
While we interacted with many investors & traders as we built Dhan, we learned that many users beyond their investing & trading app used many other external platforms to view the information that is required for them to make informed decisions. We want to ensure that we make both these seamless for our users.
Investors may hold a stock as long as they feel comfortable with its financials, fundamentals, shareholding pattern and their view on the company’s business. We’ve enabled them to view all this data, right on Dhan on both app & web.
Similarly, traders need their own tools too. Over the last 2 months, we shipped many that help them - like Option Chain, Margin & Leverage, Markets view of Futures & Options, Top Contracts, PCR and others. And we know, traders need more than what’s usually available to pick up that right trading opportunity.
Introducing Technicals & Technical Orders. 
What’s industry first on Dhan -
- Supports & Resistances plotted visually for the First Time
- Price Movements of Scrip shown in real time over these
- Technical Orders - Place orders directly, and pick up prices directly from Technicals Scale
Launching now with pivots, moving averages and a host of popular indicators (RSI, MACD etc), all of this is available for every scrip under the “Technicals” section.
And you know the best part (and yes, for the first time only on Dhan) - you can place a “Technical Order” right from that page itself.
This allows you to quickly choose a limit order price based on three resistance levels or three support levels.
Pivots: Classic & Fibonacci
Moving Averages: Simple & Exponential
Period: 5,10, 20, 50, 100, 200 DMA
Indicators: RSI (14), STOCH (9,6), STOCH RSI (14), MACD (12,26), ADX (14), CCI (14), UO, ROC, Williams R
For the uninitiated, support is a price level where a downtrend can be expected to pause due to increased demand or buying interest. Meanwhile, resistance zones arise due to selling interest when prices have increased.
Please note that this is primarily what the traditional definition of these technicals go by. The beauty of these is that traders interpret it the way they want and to make a profitable trade.
Like we said, we’re merely enablers in the market ecosystem, empowering you with the tools you need. Rest of the time, you’ll simply see us cheering and rooting for you from the sidelines.
Do let us know how you like this.
-Naman
Product @ Dhan
