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NIFTY -- NEXT WEEK -- 26-09-2022 TO 30/09/2022NIFTY -- DAILY CHART -- NEXT WEEK AHEAD. 1. DOUBLE TOP formation seen at 18100 level from where nifty shap fall towards 17300 sub level last few sessions . 2. Double top formation at overbought level of RSI , shown trix line negative crossover at this level. 3. At next session 17150-17200 work as strong support level and if this support holds then nifty can reverse trend to 17500-17600 level 4. if 17150-17200 levl breaks down then nifty can fall at 16800 level . 5. 16800 Is also Fibonacci 50 % retrenchment level from low 15300 to high 18100 6. overall if nifty fall to 16800 levl then this can treat as strong demand zone where one can buy at good risk reward ratio. THIS IDEA IS FOR EDUCATIONAL PIRPOSE ... ** trade at own risk .!! HAPPY TRADING, !!
NSE:NIFTY
by champtrade111
Bank Nifty Analysis 26-07-2022 - Distribution PhaseBank Nifty Analysis for 26-07-2022 Time Frame 30 Min Accumulation Phase 1: The accumulation process is displayed in the chart in the form of a price range. In addition, the bulls are gradually expanding, but they can still push up prices. Advancing Phase 2 : The bulls have enough power to push prices above the high end of the range. This indicates that the price is in the second phase and a bullish price pattern is being created on the chart. Distribution Phase 3: This is the third level of theory. The bear plan is now to regain control of the market. The price is currently flat on the chart, as in the accumulation process. The formation of higher and lower points in the chart indicates that the market is in the Distribution stage. The lower profit margin is caused by price changes, which indicates that the market is currently in a selloff.However trend may change if bulls are more aggressive. Declining Phase 4 ( Bearish) : Just a View , After the Distribution phase, a price reduction process begins, just like a downward trend, which means that the bears have enough financial strength to pull the market down. When the price breaks through the lower level of the flat range of the horizontal distribution channel on the chart, a markdown will be confirmed. More so, Bank Nifty is currently in the distribution phase, which indicates that bearish will control the phase and it may be possible to enter into the markdown phase Levels are mentioned in the above chart Probability 1 : 37700 Probability 2 : 35800 Four Phase of Market Cycle Accumulation Phase 1 (At Bottom) Advancing Phase 2 (Bullish) Distribution Phase 3 ( At Top) Declining Phase 4 ( Bearish) Four Phase of Market Cycle Overall Structure
NSE:BANKNIFTYShort
by TheNewsCrypto
7
Sunday Prep 9/26 - $NQ / $QQQ Same Thoughts As $SPYEven though you will see me using trendlines in my charts, I always like to have a disclaimer that for me, trendlines are merely rough guides. I’m not delusional enough to completely ignore all the prior trendlines that could have been drawn that all would have been broken a dozen times over, only to be replaced by a new trendline when it made it convenient for whatever narrative you were trying to see. That being said, we have definitely pulled back to a pretty interesting area in relation to the trendline we have now created. What’s more important to me is that after the pullback to these levels, we got a nice little reversal setup with the higher lows on the daily chart (highlighted by the yellow circles) that were then able to push back over 15163.25. To me, that makes last week’s lows pretty significant. Same thoughts go for the Nasdaq as went for the S&P. If we can reclaim last week’s highs, do we then push back to ATHs? Or do we start to roll back over and possibly begin creating a higher timeframe lower high on the weekly chart? Bulls will want to defend the 50d/quarterly pivot area. If they can’t hold there, the next spot I would watch for them to show up at would be the 15k round psychological level which is also the monthly pivot/annual pivot area. Bears will be looking to defend the 20d. Above that, I would definitely expect to see them do battle up around that 15550 area which is where the recent correction began from.
CME_MINI:NQ1!Long
by TrueTraderOfficial
Sunday Prep 9/26 - $SPY/$ES We Finally Did It!So we finally did it! For the first time in over a year, we broke the lows of the previous month. Always keep in mind that that alone is not enough to cause concern. Remember, it isn’t the pullback itself that matters. It’s what happens afterwards. I’m fully focused on the weekly chart. The first challenge for this coming week is to see if we can break back above last week’s highs. If we are able to do that, can we get back to ATHs? Or do we begin to roll back over and have the possibility for putting in a lower high on the weekly chart? If attempts at retaking highs start to fail, then we may have some cause for concern. But let’s at least give the author(price) time to tell us before we start to get all bearish. Bulls would want to see pullbacks towards the 4400 area hold as support. I do still like that 4364 area as well. As far as levels of resistance, the 20d/monthly pivot will be the first area I’d expect the bears to heavily defend. Above that is the quarterly pivot at 4512.25 which is also the area where the recent correction began from.
CME_MINI:ES1!Long
by TrueTraderOfficial
Sunday Prep 9/26 - $PLTR I Do Not Want To Miss This!Palantir Technologies is another name from last week. It broke out beautifully and the chart is in tact. The pull-back was deeper than anticipated (but that came with the market imo) but it’s still strong and I want dips to buy. I’ll be looking for dips to buy.. like the 20d SMA but not sure I’ll get it. I may just start buying on dips risking against previous lows. Make sure to join TrueTrader so you can keep tabs on how I trade this in real time in the chatroom. I do not want to miss this.
PLong
by TrueTraderOfficial
Sunday Prep 9/26 - $BTC Did Exactly What We Pointed Out!Last week in the Sunday Prep we pointed out that a break above 47400 that didn’t get back to the 53k area but instead rolled back over and then lost 42830 then to “look out below.” Well, that’s exactly what happened and the break of that level saw over 3k points more of downside. Bulls have some work to do here because at the moment you have all 3 major moving averages hovering menacingly overhead. That 45k area looks to be highly probable resistance. Below, I would expect support to be strong down at last week’s lows.
COINBASE:BTCUSDLong
by TrueTraderOfficial