BankNifty 14 may Friday AnalysisBlack Trendlines Represent on 1 Day Time Frame, with support @ 31760 ( Support highlighted )
Green trendlines Represents 1 Hour TimeFrame. Where 32400 is support and 32800 is Resistance.
Red Trendlines provides analysis for short term- 15 minutes and 30 Minutes.
On shorter time Frame, Price has created RSI diversion and falling wedge,
which shows market can go bullish tomorrow, also depends on Global sentiments.
Care to follow us, You already know where to search Us.
Thank you.
PS- Showed my analyis, trade on your own.
2021
BankNifty - March Weekly analysisHey guys!
In a 15 mins chart bank nifty has formed a double bottom pattern at the support which was very crucial. Basically Double bottom is formed when there are buyers waiting at the lower area which faced the rejection and that acts as a support. When the upper resistance is broken it is assumed that it will go up untill the size of the pattern (Double Bottom) is not achieved.
Price range and levels are marked in the chart. Analyse it and ask me through comment if there is any doubt.
Buy when a 5 min candle sustain above the resistance of 34340 and make sure the next candle break the High of previous candle.
Please share this analysis and like and follow me for support
See my previous analysis also.
Exide Ind for long RUNAll breakouts and targets are mentioned on the chart.
Do follow me for more swing & intraday call.
if you like my work you can also show by cheering.
Also, comments your views on this.
all the above analysis is my own, if anybody keeps an different opinion can also share.
trade on your own risk, analysis is just for educational purpose.
Thank you.
AUDCHF : LOOKING FOR SHORT OPPORTUNITY!AUDCHF is ready to kickstart at 2021, Has the ascending channel fill in it with double rejection at the top, Can trade for this upcoming week, All need a proper risk management & to take the entire move to the downside, AUD seems week across the board. So can take the opportunity for the short! Happy New Year everyone.
Bubble of 2020 will burst by April 2021!All governments globally have been generous in providing decent amount of stimulus to their respective countries as compared to their GDP's. What makes me wonder is that even after such huge amount of stimulus many countries have shown flat GDP growth or economic contraction. What if these stimulus were not provided at first place? The economies and the global markets would die out of lack of liquidity. The stimulus just acted like a ventilator for dead global economies. The scary part is the recovery rally that we witnessed after 23rd March 2020 (bottom of crash) is actually a bubble as stock prices have increased whereas earnings of many stocks are still away from their previous highs resulting in crazy P/E ratios on index (i have never witnessed a PE ratio of 34 on Indian markets). This bubble shall burst as on ground in practical life consumer spending is less and many small businesses have shut down. Banks are at a huge risk of default (worst then 2007-2008). The interest rates are cheap and people are buying automobiles on huge loans out of their affordability. Things will start spiraling down to reality as central banks will increase interest rates soon and consumer spending through loans will also go down. Financially, next decade will be challenging. We will see another market crash by 12th April 2021 (max). The bull rally is short lived!
BTCUSD long term analysis on the weekly time frameBTCUSD has been supported perfectly on the weekly 200MA as I discussed in my previous post in 2019
The 200MA has proved to be a perfect entry on the corona dump.
As one can see, the downward sloping trendline resistance has been broken.
Also the 10000-10500 area which was proving to be a major resistance zone has been flipped as support which confirms the bull run
For buying one can consider taking position on the retest of the weekly 21EMA.
The bigger parabolic moves and price discovery are highly likely to be seen in 2021