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Nifty Big fall Ahead Nifty Big correction comming days expecting in daily timeframe it is rejecting founding resistance at 100 ema now it is heading to test 200 ema on daily front in my view it will drop below that so keep checking the levels. Current Market Sentiment: Bullish outlook as long as Nifty holds above the 24,000 mark. If 23,800 breaks, a Head and Shoulders pattern may be activated, signaling a potential 10% correction in the coming days. Key Levels to Watch: Support Levels: 24,000 – 23,800: This range represents critical support. If Nifty sustains above this level, the bullish trend remains intact. A break and sustained move below 23,800 could confirm the Head and Shoulders pattern and lead to a deeper fall. Resistance Levels: 24,300 – 24,550: Recent highs that will act as key resistance. Breakout above 24,300 could push Nifty towards 24,500 – 24,800 and possibly 25,000. Breakdown below 23,800 could trigger a correction towards 23,000 or even 21,000, aligning with the pattern’s target. Head and Shoulders Pattern: This pattern becomes valid only if Nifty sustains below 23,800. The measured target of the pattern suggests a 10% fall from the breakdown level, which would put Nifty in the range of 21,000 to 22,000. If Nifty holds above 23,800, the pattern remains invalid and bullish momentum could continue.
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NSE:NIFTYShort
by rakeshreddym
3
BTC ANALYSIS 12TH NOV 2024🚀 BTC Market Update 🚀 Bitcoin's recent surge has left multiple imbalances on the downside across higher time frames. As of now, we've seen the 1-hour candle close below the recent low, hinting at a potential retracement. Plan of Action: Wait for Retracement: The focus is on waiting for price to fill the Fair Value Gap (FVG) and observe a rejection from that level. Profit Target (TP1): If this retracement leads to a downside move, our initial target will be the demand zone below. Extended Target: Should the price continue to dump, hold positions as BTC may aggressively move downward to trap buyers and clear those imbalances. 🔔 Stay Tuned: Follow, like, and comment for more in-depth market insights!
Short
by munmeeth
5
Know this before you QUIT TRADINGTrading Myths Busted: The Truth Every Trader Needs to Know If you've been trading (or thinking about it), you've probably heard these myths. Let’s set the record straight 👇 ❌ Myth #1: "99% of Traders Lose Money" 🔍 Reality: It's not that 99% fail—it’s that 99% don't approach trading like a skill. The successful ones invest in learning, adapt to mistakes, and follow rules. Discipline wins over "luck" every time. Are you part of the 1% willing to put in the work? ❌ Myth #2: "Trading Is Just Gambling" 🔍 Reality: Gambling is pure chance. Trading, on the other hand, rewards research, patience, and skill. Successful traders work with data, not dice. ❌ Myth #3: "Only Big Players Can Win" 🔍 Reality: Start with what you have. Big wins are great, but successful traders know how to leverage any amount—even small—by sticking to sound risk management. Your account size doesn’t define your potential; your discipline does. ❌ Myth #4: "The Market Is Out to Get Me" 🔍 Reality: The market doesn’t care about you. It’s not “against” anyone—it just moves. Your job is to understand those moves, not fight them. Control your decisions, and let the rest play out. 💡 Final Truth: Trading is a Skill, Not a Game of Luck Every trader starts somewhere, faces losses, and meets challenges. The difference? Those who succeed see losses as lessons, not defeats. Bust the myths, learn the process, and remember: trading isn’t for thrill—it’s for growth. #TradingMyths #MarketMindset #TruthInTrading #TraderLife
NSE:NIFTYEducation
by keshevdugar
5
Pressure From The Dollar – Can XAUUSD Hold Support?XAUUSD is experiencing a sharp decline, reaching new lows around the 2600 level, pressured by the strong rebound of the USD. The U.S. Dollar Index has surged to a four-month high, making gold more expensive for investors holding other currencies. In terms of trend, any attempt to push gold prices up may be limited, as the dollar is benefiting from market conditions while expectations for a Fed rate cut are fading. This adds further pressure on gold, making it difficult to sustain upward momentum. This week, investors will closely watch the October CPI data, PPI, weekly jobless claims, retail sales, and key speeches from Fed officials, including Chair Jerome Powell, to gain more insight into the Fed's future rate path. On the technical side, gold is currently trying to break the major support level at 2555. However, a short-term pullback to test resistance levels is possible before the decline resumes. Overall, both technical and fundamental factors are favoring the sellers. Share your views and questions! Let’s discuss the current intriguing moves in the gold market!
OANDA:XAUUSDShort
by Bo-Samson
3
BTCUSDT shortBitcoin Short - I was looking at the recent bitcoin rally that I was unfortunately not able to catch. So I was waiting for it to halt at some point and give me an opportunity to grab a quick counter trend retracement play. As soon as I saw that Bitcoin pulled back and made a double top formation I was interested in a short. Once it gave me a confirmation by taking out the liquidity from ATH and closing below in a reversal candle I became more confident about the trade. After waiting for a 15m confirmation candle I punched my sell orders and I've been riding the fall - waiting for my TP!
Short
by tarunk325
1
BEARISH FLAG IN BANK NIFTY - TIME FOR A SHORT TRADE ?Symbol - BANKNIFTY CMP 51350 BankNifty has turned its trend from bullish to bearish & sideways making lows - lows on daily time frame & It was trading in a bearish channel. We can see a Bearish Flag pattern getting formed in BankNifty. Such patterns on larger time frame don't usually fail. BankNifty is currently trading near break down trendline of this pattern. Breakdown & sustaining below this trendline zone 51150 - 51000 will get this pattern activated & we can see big target towards downside. Target on downside can be 47400 P.S. : My short position is already active from 51800 Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:BANKNIFTYShort
by akshit_official
3
BANK NIFTY INTRADAY LEVELS FOR 13/11/2024BUY ABOVE - 51300 SL - 51060 TARGETS - 51500,51800,52060 SELL BELOW - 51060 SL - 51300 TARGETS - 50900,50670,50380 NO TRADE ZONE - 51060 to 51300 Previous Day High - 52230 Previous Day Low - 51060 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
1
#Nifty directions and levels for November 13th.Good morning, friends! 🌞 Here are the market directions and levels for November 13th. Market Overview: The global market is showing moderately bearish sentiment (based on Dow Jones only), and our local market is exhibiting a bearish sentiment as well. Today, the market may open with a neutral to slightly gap-down start, based on the Gifty Nifty showing a negative 30 points. In the previous session, both Nifty and Bank Nifty experienced a solid correction. Structurally, we can expect a further slight correction, and the sub-wave analysis supports this. Currently, on the other hand, we are at the bottom of the range. Additionally, the RSI shows divergence, indicating a probability for a bounce back. Let’s explain this in the chart. Both Nifty and Bank Nifty have the same structural sentiment. Current View: The current view suggests that if the market sustains the gap-down, it could experience a minor bounce back around MDZ. However, this would only be a minor bounce back; after that, if it breaks the previous bottom, then the correction is likely to continue. Alternate View: The alternate view indicates that if the market opens with a gap-up, or if the initial market takes a solid pullback and breaks the 20 EMA, it may hold a range-bound sentiment. This means the market could move to the top of the range. Targets are expected to be a minimum of 38% to 78% of the swing.
NSE:NIFTY
by Manickamtraders
2