As Per 2-hr. chart Analysis,
#Bitcoin here moving Perfectly #Bullish but after taking some #Bearish Bumpy Rides of $4-5k to $8-9k bumpy divergence rides, that were creating a major liquidations into market in every 2-3 days with majority of both positionings of Long & Short.
as per Bullish signal trend, next movements of Uptrend starts soon in coming week towards...
1) Nifty SmallCap Index is under strong selling pressure.
2) Index may fall further 3.25% in the upcoming days.
3) 14900 will act as a good support area.
4) Time to cut positions from SmallCap stocks and move to cash.
5) If the Index breaks 14900 again, This will lead to another 4% fall.
Alert! Bearish Pattern Spotted! 🐻
📊 Pattern: Possible Broadening Pattern
📌 Symbol/Asset: GIFT NIFTY
🔍 Description: Gift Nifty is might be making Broadening Pattern and we can see support around 21100-21200 range
Then Index can bounce upto 22300-22500 levels.
And Finally if Resistance is not broken then we can see huge fall of 2000-2500 points !!
Keep...
There was only 1 goal for the bears today, to close the markets below 19309. Somehow they got it done today which means we are in for a bear ride next week. Let me try to explain.
We opened right at the 19309 level and then fell to 19258 levels by 10.45 in a show of strength by the bears. From there there was a reversal till 12.00 where we re-touched the 19309 SR...
Prepare yourself for the storm that looms on the horizon! Bitcoin, the enigmatic cryptocurrency that has enthralled investors, appears to be on the brink of a momentous bearish breakthrough. In this gripping analysis, we delve into the eerie calm before the storm, exploring the signs that foretell an imminent downturn. Get ready to have your beliefs shaken as we...
One Day Chart Analysis with key Support and Resistance
Support Zones
First Support Zone - 32000 - 31920
Resistance Zones
First Resistance Zone - 34360 - 34280
S&P500 is continiously rejecting from its long term counter trend line
there is a huge possibility that s&p500 will touch its pre-pandemic level very soon
Hey.. What do we get if we analyse one chart with two different theories ?
Is it a good idea ?
We use different techniques and methods to analyse a chart.
Some traders use chart patterns, some use moving averages and others use any other technique.
We all did the analysis to determine the trend of that instrument.
What if we use two different theories for the...
B-Nifty PCR 1.30 over bought
B-Nifty RSI 70+ over bought condition
B-Nifty at major trend line resistance 36750-860 it may correct from here, if cross and sustain above it may test 37450 future levels* ( Must correct from here) for previous Gap Fill.
Bharti Airtel Ltd down trend moving towards support. It is higher low formation. Still it's Bearish control check with Fibonacci level. Refer next move mentioned in daily chart. Its good for swing traders.
Script Brokeout from a falling counter trendline and a supply zone of 230-235 with 2x the average volumes. We can target for 270+ in upcoming days. SL can be placed around 222.
Happy Trading :)
Disc: Chart posted only for learning purpose.
ASHAPUR MINE CHEM As per Daily chart analysis has a strong multi year resistance line at 111 level and after couple of months down trend channel the stock is moving up and once it breaks 111 level then target 118 is achievable
A decently medium term upward trendline originating from November 2020 has recently been broken by TCS. In fact, it seems to have started respecting recently formed downward trendline. After the recent pullback to the trendline and the averages, it is seeing the beginning of another bearish leg...
As you see in the chart there is the downtrend line and Banknifty still below the breakout.
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For tomorrow we follow simple Strategy.
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We will buy CE once Banknifty breaks 32682, before that we can follow sell on rise strategy.
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We will buy PE once Banknifty go down below 31690.
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So on tomorrow banknifty can go in upward because yesterday hdfc Bank declare the...
