A-trend
BANKNIFTY ANALYSIS TO KNOW SYMBOL: NSE:BANKNIFTY
Banknifty is at a crucial point in the weekly time frame, it has closed below the support zone after hovering over that for almost 1 Year.
Selling can be accelerated after a retest is done. Still, if the price closes above 34500 somehow it can be a temporary relief and after some time.
Bears can again try to push BNF down because this year it's the second attempt so one has to be cautious on both the Sides and book profits fast.
SUNPHARMA COULD GO TOWARDS ITS ALL TIME HIGHS.As far as sunpharma is above its weekly trend line, it is demonstrating the strength and can go towards its all-time highs. One can get into this trade, keeping a stop loss below the trend line. Do follow risk management rules and maintain proper position size.
Nifty can become overbought at 17900What I observed that whenever Nifty goes 2000 points below from recent high it enter into over sold zone and reversal signs start showing up and reversal do happen after that. After reversal Nifty again move around 2000 points upward before becoming over bought and then cycle continues. Therefore basis this assumption and while taking average of previous two up moves i am anticipating that Nifty could become overbought around 17900. Does that mean that's a upcoming high, well no it just a level basis previous movements. Nifty can cross 2000 mark and can make ATH too, no body know about what would be market dynamic at that time but going by pure number 17900 is zone where one can get alert and pay attention towards market movement and it will tend to become volatile.
What do you think about above analysis?
GBPUSD bulls have more upside on the platterGBPUSD braces for further upside until staying beyond the 100-SMA and a three-week-old horizontal resistance, now support 1.2400. That said, the 38.2% Fibonacci retracement (Fibo.) of the pair’s downside from late April to the recent lows, around 1.2515, appears short-term target for the bulls. Following that, the 1.2600 threshold and the monthly peak surrounding 1.2640 should gain the market’s attention. In a case where the cable buyers dominate past 1.2640, the 200-SMA level near 1.2700 appears a tough nut to crack.
Meanwhile, further selling should wait for a clear downside break of 1.2400 to aim for the early May swing low near 1.2260. In a case where GBPUSD prices remain weak past 1.2260, the recent multi-month low close to 1.2155 will act as the last defense for the bulls. It’s worth noting that sustained trading below 1.2155 could make the quote vulnerable to a slump towards the 1.2000 psychological magnet.
To sum up, GBPUSD has had enough of the south-run and hence a short-term recovery can’t be ruled out.
Short XAUUSD| Gold | Technical Analysis
Short XAUUSD | Gold | Technical Analysis
day frame RSI of Gold is below 60, and in 4 hrs time frame RSI is near 40 , so Day frame RSI will try to pull back the 4 hrs RSI as per non conventional RSI strategy,
GO for short guys
Dont forget to add stoploss
Happy trading days
#XAUUSD #Short #Gold #shortXAUUSD #Technicalanalysis #Forex #forexmarket #Profit # trending #chartpattern #trend #trendanalysis
Short XAUUSD| Gold | Technical AnalysisShort XAUUSD | Gold | Technical Analysis
day frame RSI of Gold is below 60, and in 4 hrs time frame RSI is near 40, so Day frame RSI will try to pull back the 4 hrs RSI as per non conventional RSI strategy,
GO for short guys
Dont forget to add stoploss
Happy trading days
#XAUUSD #Short #Gold #shortXAUUSD #Technicalanalysis #Forex #forexmarket #Profit # trending #chartpattern #trend #trendanalysis
BankNifty Intraday Trade Setup for 19th May 22 (Trading Idea)After a huge Gap down, we have seen some buying happening and the market is moving slowly and steadily towards the upside, so what should be our trade plan for the day? Since today is Thursday and chances of Premium decay as well as volatile delta moves is very high, so we should wait for some time for the market to show us the right direction
Be active on this post to see my live positions and Trade
Do Support by Liking and Commenting on our Post as it motivates us to post more such ideas
The chart is for study purposes only!!
NSE:BANKNIFTY
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Expecting a sideways movement till August .Currently 31800$ and 27600$ are the heavy resistance and support respectively and market has also not much volume seems that whales are accumulating so I’m personally expecting a sideways movement in daily timeframe and this fractal is also indicating a sideways movement till august. Usually fractal are not correct and may this time also btc dont follow this fractal but if sustainable volume doesn’t comes in market then this fractal will play out definitely according to me.
NOT A FINANCIAL ADVICE , #DYOR.
Tata consumer having more potential to go upafter breakout of regression channel tata consumer given a great up side move and agene it consolidating with big candles expecting one more up side moves with good intraday moves
chart its self is self-explanatory
When price closes outside of the Linear Regression Channel for long periods of time, this is often interpreted as an early signal that the current trend might be ending and a trend reversal might be near.
To draw the Linear Regression Channel, simply select the beginning of a trend and stretch the indicator to another point of the trend. The three lines of the Linear Regression Channel will self-adjust depending on the top and bottom of the trend.
NIFTY --DOUBLE BOTTOM--NEXT WEEK TREND --16/05/2022NIFTY --DAILY CHART--DOUBLE BOTTOM --NEXT WEEK TREND --16/05/2022 to 20/05/2022
1. NIFTY seen Double bottom formation on daily chart at oversold level around 15750-15770 sub level , this is same bottom where earlier nifty rally from extreme oversold .
2. short term bounce is possible from current level around 400-500 points at resistance 16400-16500 level
3. nifty overall chart is still sell on rise but since double bottom at oversold level there is more chance bounce from this level kind of relief rally ahead
4. for confirmation we want next candle to form as doji or bullish Green with no pin bar downside, then this trend will confirm it means next candle should not red one
5. if next candle red with pin bar downside then this double bottom will be not carried trend up .
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..
HAPPY TRADING. !!
USDCAD remains vulnerable to more downside ahead of Canada CPINot only a downside break of the monthly bullish channel but sustained trading beneath the 100-SMA also keeps USDCAD sellers hopeful ahead of Canada’s Consumer Price Index (CPI) data on Wednesday. Adding strength to the bearish bias is the downward sloping RSI (14) since the last week. That said, the 1.2800 appears immediate support for the quote ahead of directing it towards the 200-SMA level surrounding 1.2720. Any further downside, however, hinges on the pair’s ability to conquer the 1.2660-65 horizontal area comprising the 61.8% Fibonacci retracement level of April-May upside, as well as mid-April tops.
Meanwhile, the 100-SMA level near 1.2875 limits the USDCAD pair’s immediate recovery moves before highlighting the lower line of the aforementioned channel, previous support around 1.2930. In a case where the pair rises past 1.2930, the weekly high of 1.2981 and the 1.3000 psychological magnet could test the buyers prior to highlighting the north-run towards the monthly peak close to 1.3075.
Overall, USDCAD has already flashed bearish confirmation on the chart but today’s data also needs to back the move.
BankNifty Intraday Trade Setup for 17th May 22The market is likely to go sideways in the First half today, Not Expecting any Big moves
The Red Zone is the supply Zone and the Green Zone is the Demand Zone, I plan to buy in the Demand Zone (But not sure), so be active on this post to see my live positions and Trades
Do Support by Liking and Commenting on our Post as it motivates us to post more such ideas
The chart is for study purposes only!!
NSE:BANKNIFTY NSE:BANKNIFTY1!
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