Nifty Analysis for 21-22 Nov Based on elliott wave forecasting on hourly chart we are in either wave iv or v of y of wxy correction. Which gives two possible scenarios as given in chart
Green : we are wave iv with a and b completed and c can continue in future. Possible trade given in green box.
Red: we are wave iii of iv and go like red arrow, trade given in red box.
This is for educational purpose and not an advice/recommendation to buy or sell. Do your research before trading. Happy Trading.
Beyond Technical Analysis
Natural Gas MCX Future Intraday Technical Analysis for 20 Nov.🚀 Unlock the potential with my #NaturalGas Intraday Technical Analysis for 20 November 2024!
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📍 Range Trigger Point: 255.20
📅 Day Range: 12.90
📈 Long Position
🔹 Buy Above: 253.27
📊 Average Position: 251.75
🎯 Target 1: 263.17
🎯 Target 2: 268.10
⛔ Stoploss: 248.97
📉 Short Position
🔹 Sell Below: 250.23
🎯 Target 1: 247.23
🎯 Target 2: 242.30
⛔ Stoploss: 254.53
✨ With over 6 years of research and back-tested strategies, I provide clear intraday and positional trading levels for indices such as Nifty50, Bank Nifty, Fin Nifty, and Mid-Cap Nifty, along with commodities like Crude Oil, Natural Gas, Gold, Silver, Copper, and Zinc in both US and MCX markets.
My analysis is based on the position of buyers and sellers on previous day's technical charts. By studying candlestick patterns, trading volume, indicator confirmations, and other important signals, I identify the best price ranges, entry points, timing, and appropriate stop-loss levels.
I teach a specific trading approach based on live market confirmations to make the most of these levels. Follow and connect with me to learn how to effectively implement these strategies and improve your trading results! 📈
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Gold Intraday Technical Analysis for 21 Nov.🚀 Unlock the potential with my #Gold Intraday Technical Analysis for 21 November 2024!
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📍 Range Trigger Point: 76,034
📅 Day Range: 758
📈 Long Position
🔹 Buy Above: 75,884
📊 Average Position: 75,795
🎯 Target 1: 76,502
🎯 Target 2: 76,792
⛔ Stoploss: 75,632
📉 Short Position
🔹 Sell Below: 75,706
🎯 Target 1: 75,566
🎯 Target 2: 75,276
⛔ Stoploss: 75,958
✨ With over 6 years of research and back-tested strategies, I provide clear intraday and positional trading levels for indices such as Nifty50, Bank Nifty, Fin Nifty, and Mid-Cap Nifty, along with commodities like Crude Oil, Natural Gas, Gold, Silver, Copper, and Zinc in both US and MCX markets.
My analysis is based on the position of buyers and sellers on previous day's technical charts. By studying candlestick patterns, trading volume, indicator confirmations, and other important signals, I identify the best price ranges, entry points, timing, and appropriate stop-loss levels.
I teach a specific trading approach based on live market confirmations to make the most of these levels. Follow and connect with me to learn how to effectively implement these strategies and improve your trading results! 📈
#Gold #GoldMCX #Commodities #TradingSignals #IntradayTrading #MCX #NumroTrader
Nifty Bullish Trade With Strict Stop LossReasons for Trade:
1. Nifty Trading at 0.6 FIB Levels
2. Nifty is at 2024 Elections Breakour Order Block
3. Bullish Divergence in RSI (1hr Time Frame)
4. Nifty is trading at Support Line of Descending Parallel Channel
Suggested Position:
Entry: 23380 + If Nifty Sustains above 23400 Level any bullish Patterns in 15 min or 5 min Time Frame
Stop Loss: 23305
Target: 24000
Note: Donot Trade Options as Nifty is in downtrend
SwingTrendline Breakout:
The orange trendline highlights a resistance level formed by previous highs.
The stock has recently broken above this resistance with significant upward movement, indicating bullish momentum.
Support Level:
A strong support is evident around ₹860.90 (marked by the blue horizontal line). This level has been tested multiple times in the past, making it a reliable support.
Volume Analysis:
The volume has spiked alongside the price breakout, suggesting strong buying interest and confirmation of the breakout.
Current Price:
The stock is trading at ₹1,156.20, up by ₹154.55 (+15.43%) during the observed period.
Market Sentiment:
The breakout and increased volumes indicate positive market sentiment for this stock.
Future Outlook:
If the momentum continues, the stock might aim for new highs. However, investors should monitor for profit-booking or corrections near resistance levels.
SwingPrice Trend:
The stock has been in a consolidation phase in recent years after recovering sharply from the COVID-19 crash in 2020.
There is a noticeable breakout attempt above a key resistance trendline (orange line), indicating bullish momentum.
Resistance Levels:
The horizontal line at ₹1,350 represents a critical resistance zone. This level appears to have been tested multiple times over the past few years and has now been breached.
Breakout Confirmation:
The weekly candle has closed above the resistance line, indicating a possible breakout.
The breakout suggests that the stock might rally higher, targeting the next projected level of approximately ₹1,850 (a 37% potential upside).
Volume:
The trading volume for the breakout week is relatively stable, though significant spikes in volume would further validate the breakout strength.
200 EMA Perspective:
If included, the stock's 200 EMA (Exponential Moving Average) might be acting as support below current levels, providing bullish sentiment.
Conclusion
This chart hints at a potential bullish breakout from long-term resistance. If market sentiment supports this move, the stock could continue its upward trajectory. However, traders should keep an eye on the volume and watch for sustained closes above ₹1,350 to confirm the breakout.
Dhani aiming for a stage 2??#Dhani
After a long downtrend, started the uptrend and is now at a 2-year resistance forming CNH. If broken out then this could be a potential stage 2 candidate.
Keep on the radar as a positional pick. SL is very deep so position the size accordingly and manage the risk.
The chart shared is just to notify you of this setup and is not a buy-sell recommendation.
Nifty 50 Index Intraday Technical Analysis for 21 Nov.🚀 Unlock the potential with my #Nifty50 Intraday Technical Analysis for 21 November 2024!
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📍 Range Trigger Point: 23,519
📅 Day Range: 316
📈 Long Position
🔹 Buy Above: 23,660
📊 Average Position: 23,623
🎯 Target 1: 23,714
🎯 Target 2: 23,834
⛔ Stoploss: 23,555
📉 Short Position
🔹 Sell Below: 23,585
🎯 Target 1: 23,323
🎯 Target 2: 23,203
⛔ Stoploss: 23,691
✨ With over 6 years of research and back-tested strategies, I provide clear intraday and positional trading levels for indices such as Nifty50, Bank Nifty, Fin Nifty, and Mid-Cap Nifty, along with commodities like Crude Oil, Natural Gas, Gold, Silver, Copper, and Zinc in both US and MCX markets.
My analysis is based on the position of buyers and sellers on previous day's technical charts. By studying candlestick patterns, trading volume, indicator confirmations, and other important signals, I identify the best price ranges, entry points, timing, and appropriate stop-loss levels.
I teach a specific trading approach based on live market confirmations to make the most of these levels. Follow and connect with me to learn how to effectively implement these strategies and improve your trading results! 📈
#Nifty50 #NiftySpot #TradingSignals #IntradayTrading #NumroTrader
ADANIPORTS Breakdown WatchStock Name: ADANIPORTS
Entry Point: Considering a short position if the price breaks below today's low, supported by strong open interest (OI).
Stop-Loss (SL): Placed above today's high to control risk effectively.
Target: Near the next key support level or adjusted based on real-time price movement.
Disclaimer:
This analysis is shared purely for educational purposes and is not a recommendation to trade. Please perform your own research and consult a financial advisor before making any investment decisions.
EURUSD_15MEURUSD_15M BULLISH
Everything is mentioned on Charts.
Wish you Happy & safe Trading.
Trade as per your own RISK
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My studies are for educational purpose only.
Please consult your financial advisor before Trading or Investing.
I'm not responsible for any kinds of your Profits & Losses.