Note: This is for educational purpose only.
There seems to be an unconventional bullish engulfing of last 8 sessions with high volume. This indicates today's price has engulfed the price action of last 8 sessions. RSI above 65 indicates bullish momentum.
The stock has been correcting for the last couple of weeks even when the banking index was performing now finally the stock seems to have found some kind of bottom around 1840 levels and has done that along with RSI divergence which makes this move more reliable.
As long as the stock hold 1860 levels it can head towards 1911/1925/1955
. There is a possibility of temporary retracement to suggested support line (103.7). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. USDJPY is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
GBPUSD has retested its weekly resistance and is showing weakness. GBPUSD is all set for a 120 Pip drop. DXY is strengthening. Keep an eye on the Liquidity hunt.
Disclaimer: We are not liable for any loss occurred while taking this setup. Plan your own risk management.
I am analyzing BTC on one of the followers request, if you want to analyze any of your stock please message me.
Bitcoin is trading in a pattern and it's reaching to the level to Explode, this move can be very fast so safe traders shouldn't take this.
To motivate me, Please like the idea If you agree with the analysis.
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An iH&S in training court to go out from the top of the triangle that lasts for a good week and project us directly to 50k , a good trade to follow
This is an idea.
This is not an investment advice I do not follow professional analyst or sworn by a research office or large group
Everyone is free to trade as they wish
Good trade has all...
Remember that all the corrections have been very small for Bitcoin and with massive fiat printing in stores for us soon, its price is very likely to move even higher.
We can say we have some mixed signals here since prices stopped growing after reaching resistance, but so far we haven't seen any follow up to the drop that took place on 10/11-Jan.
Now that I...
". There is a possibility of temporary retracement to suggested support line (0.00000935).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. Enjincoin/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a...
Price just closed above resistance levels and if sustains then price will make new ATH levels in the coming sessions. One can expect a quick move above the current ATH.
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Today possible flat opening in banknifty near yesterday close. Expected it will spend today session between 32000-32500 level. If banknifty trading above 32650 then we will get further 300+ points bullish rally.
In the previous posted idea, I've outlined about the Break-Out of parallel channel and New High. The price is 14623 which is little far from ATH(All-Time-High 14653).
I hope that you could understand what am I writing in my idea. If you could have got me, Profit can be 185 points calculated from breakout.
Thank you all who always support me.
Forecast: Price reaching the strong resistance level and rejection reflecting in smaller time so we can expect fall after the pivot level broker and During this growth, the price will come to the support line 1802. This will be our immediate goal.
Many confluence confirmed DOWNTREND.
Thanks to all those who have followed me and liked my post.
Special thanks to...
Points to be remembered !!!
* Wait for your signals
* Avoid FOMO
* Do not revenge trade
* Use correct size
* Do not chase price
* Let winners run
* Cut losses quickly
* Do not add to a loss
* Accept losses and move on
* Use targets but stay flexible
* Take trades with a good RRR
* Think long term
* Establish clear rules for...
This indicator calculates relative volume, which is the ratio of present volume over an average of past volume.
It offers two calculation modes, both using a time reference as an anchor.
The simplest way to calculate relative volume is by using the ratio of a bar's volume...
Plot raindrops (custom volume profiles) on user defined periods, for each period you get high and low, it slices each period in half to get independent vwap, volume profile and the volume traded per price at each half.
It works on intraday charts only, up to 720m (12H). It can plot balanced or unbalanced raindrops, and volume profiles up to 24H...
I wish a Happy New Year!
The last time I tried to developing a Volume Heatmap, that the Marketorders made.
With the currently version I achieve my skills for that and I present it for everyone - some bugs I cannot solve today.
It also possible to see the POC - also the dynamic of volume...
Nifty has touched All time High - 14666.45 on 20-01-2021.
20-01-2021- Day Low was 14517.55 and Closed above 14666.45
As per my Yesterday Analysis, I have explained that if Nifty goes pass 14500 we can go for Long and Target will be 14610.
But nifty not able to close in 14653.35 in Daily basis.
Bottom CPR 14,592.00
First step of a successful trader is to build a Trade plan & review what he has done.
This Channel is my Journey in Stock market as a Trader.
This is my Trade Journal for Nifty & Bank Nifty . (education purpose for all )
Here, I will disclosed my Trade plan for trading day & review them, share my learnings.
with hope that this will add value to your trade setup...
Disclaimer: I am not a SEBI registered advisor so trade on your risk
but i have a good experience in the stock market for the last 17 year so i am just sharing my experience with you all
investment in the stock market is subject to market risk