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Crude Oil MCX Future - Pattern Trade - Cup & Handle Cup & Handle Pattern Analysis by Numro Trader Breakout Point: 6560 Ultimate Target: 6460 Phase 1 Target: 6160 Phase 2 Target: 6360 Phase 3 Target: 6460 Stoploss: 5860 📊 Analysis: A Cup & Handle pattern has formed on the chart, signaling a potential bullish continuation. This classic pattern often precedes strong upward momentum when a breakout occurs above the handle's resistance. The key breakout level to watch here is 6560. Once the price crosses this point with volume confirmation, we could see a significant rally towards the ultimate target of 6460. For risk management and profit-taking, I've broken down the move into three phases: Phase 1 Target (6160): This is the initial resistance level where we might encounter some selling pressure, but if it clears, the bullish momentum is expected to continue. Phase 2 Target (6360): This represents the midpoint of the expected move, offering a second opportunity to lock in gains or adjust stop levels. Phase 3 Target (6460): The final target aligns with the full extension of the Cup & Handle formation, indicating the completion of the breakout move. Stoploss is placed at 5860, just below the handle's low, to protect against downside risk in case of a failed breakout. This level allows enough room for volatility but still controls the overall risk. 💡 Strategy Insight: The Cup & Handle is a reliable bullish pattern that suggests accumulation followed by a breakout. Traders should wait for a clear breakout above 6560 with rising volume to confirm the move. Gradually scale out of your positions as the targets are hit to lock in profits while maintaining exposure to potential upside. ✨ Boost, follow, and engage for more detailed insights. Your support helps us bring you the latest and most accurate updates! 🚀❤️ #CrudeOil #MCX #TradingSignals #CommodityTrading #Intraday #TradingTips #CrudeOilMCX #MCXLevels
MCX:CRUDEOIL1!
by NumroTrader
1
BUY TODAY SELL TOMORROW for 5% By Kapil-MittalDON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall Round Bottom Breakout in CREST BUY TODAY SELL TOMORROW for 5%
NSE:DALMIASUG
by Kapil-Mittal
2
23 Sep 2024 - Bank Nifty Predictions (Next Trading Day)The chart you provided is for Bank Nifty 5 Minutes and Day wise. Support and Resistance Levels for the Next Trading Day: Support Levels: 53,400: Based on the 5-minute chart, this is the lower consolidation zone. 53,000: This aligns with the recent low in the daily chart, providing a strong support area. Resistance Levels: 54,100: Based on the recent peak on the 5-minute chart and daily chart, this level is critical. 54,400: Another important resistance level derived from the daily chart's long upward trend. Scenario for the Next Trading Day: Opening Likely gap-up or slight gap-up Bullish sentiment due to the breakout on the daily chart Mid-Morning Slight retracement or range-bound movement Price consolidation around 54,000 before further move Afternoon Potential continuation of bullish trend Buyers could push prices higher if support holds at 53,800 Effective Strategies for an Options Buyer for the Next Trading Day: Based on chart analysis: Bullish Strategy: Consider buying 54,000 CE (Call Option) as the market is likely to open with a gap-up and continue upward. If price retraces to support (53,400): You can take a long position in 53,500 CE if the market shows signs of holding above the 53,400 support. Stop Loss for Long Call: Below 53,300 for safety. These strategies are purely based on your chart, targeting short-term movements during the day. Disclaimer: Do Manager your Risk and Money management, Do not Forget to PUT STOP LOSS.
NSE:BANKNIFTY
by JayeshBoradia
A Classic Breakout in HDFC BANKA classic breakout has happened in HDFC bank. It was a multiple times resistance near 1700 price range with more than one year time span. Also, its like CUP AND HANDLE pattern breakout in weekly basis. Price may reach upto lifetime high and pattern's target. Price may retest upto Handle's Low below which price is negative on sustaining basis. Follow and Stay tuned for more content. Disclaimer: This is an opinion by me for educational purpose only and is not a recommendation :-) :-)
NSE:HDFCBANK
by YogeshVerma1
"Hindenburg's Omen" to predict a stock market crash."Hindenburg's Omen" to predict a stock market crash. "Hindenburg's Omen" is a technical indicator in financial analysis designed to predict a potential significant decline or a stock market crash. Here are the main things to remember about this indicator: Definition and origin Introduced by Jim Miekka in the 1990s. Named after the Hindenburg airship disaster in 1937, symbolizing an unexpected disaster. How it works - Hindenburg's Omen is triggered when several conditions are met simultaneously on a stock market: - A high number of stocks reaching both new highs and lows over 52 weeks (usually more than 2.2% of stocks). - The number of new highs must not exceed twice the number of new lows. - The stock index must be in an upward trend (positive 50-day or 10-week moving average). -The McClellan Oscillator (sentiment indicator) should be negative. Interpretation -When these conditions are met, the Omen suggests underlying market instability and an increased risk of a significant decline. -The signal remains active for 30 trading days. Reliability -The indicator has correctly signaled some historical crashes, such as the one in 1987. -However, its reliability is questionable as it also produces many false signals. Usage -Generally used in conjunction with other forms of technical analysis to confirm sell signals. Traders can use it to adjust their positions or as an alert for increased market monitoring. It is important to note that, like any technical indicator, the Hindenburg Omen is not infallible and should be used with caution, in conjunction with other analytical tools. In the following photos, a harmonic "BLACK SWAN" pattern was detected on the DOW JONES, announcing a stock market crash or a strong correction!
CAPITALCOM:US30Education
by Le-Loup-de-Zurich
1
ton short setup The Open Network (TON) is a decentralized and open internet platform made up of several components. These include: TON Blockchain, TON DNS, TON Storage, and TON Sites. TON Blockchain is the core protocol that connects TON’s underlying infrastructure together to form the greater TON Ecosystem. TON is focused on achieving widespread cross-chain interoperability, while operating in a highly scalable secure framework. TON is designed to process millions of transactions per second (TPS), with the goal of eventually reaching hundreds of millions of users moving forward.
Short
by AjayReddy_04
USD YEN (A Key Factor Now Globally)Date 20.09.2024 Carry trade is a trading strategy that involves borrowing money at a low-interest cost and investing the same in other assets that provide higher returns. Carry trade is popular among forex trades wherein an investor borrows from a country with low interest rates and a weaker currency, and reinvests the money in another country for higher returns. The Japanese Yen appreciation against the US dollar, investors will have to rush and unwind their carry trade in order to cut losses. This could be one of the reasons for the fall in the US equity market going ahead. According to NSDL, Japanese foreign portfolio investors hold equities worth Rs 2.05 trillion. A stronger Yen would prompt some selling by these sets of investors. USD YEN below 140 is red signal indeed ! Regards, Ankur
by AnkurSingh
Nifty Intraday Technical Chart Analysis 20 Sept., 2024📈 Nifty Spot Technical Chart Analysis 📅 Date: 20th September, 2024 📊 Range Trigger Point: 25416 📉 Day Range: 236 🟢 Buy Above: 25522 💼 Average Position: 25494 🎯 Buy Target 1: 25562 🎯 Buy Target 2: 25652 🔵 Stoploss: 25443 🔴 Sell Below: 25466 🎯 Sell Target 1: 25270 🎯 Sell Target 2: 25180 🔵 Stoploss: 25545 ✨ Boost, follow, and engage for more detailed insights. Your support helps us bring you the latest and most accurate updates! 🚀❤️ #Nifty #Nifty50 #NiftyFifty #Intraday #TradingSignals #NiftyFuture #NiftySpot #Index #TradingTips
NSE:NIFTY
by killer_diller9
1
20 Sep 2024 - Bank Nifty Predictions (next Trading Day)Based on the 5 Minute and Day wise charts, here is the detailed analysis: The charts provided are for the Nifty Bank Index (Bank Nifty). Support and Resistance Levels for the Next Trading Day Support Levels: First Support (S1): 52,750 Second Support (S2): 52,405 Resistance Levels: First Resistance (R1): 53,353 Second Resistance (R2): 53,600 Scenario for the Next Trading Day Based on the daily and 5-minute charts, here is the expected scenario for the next trading day: Opening Slight Gap Up Bullish Mid-Morning Flat Range-bound Afternoon Slight Gap Down Bearish Closing Flat Range-bound Specific Strategies for the Next Trading Day As an options buyer, here are specific strategies based on the chart analysis: Morning Session (Bullish): Strategy: Buy Call Options Strike Price: 53,200 CE (Call Option) Mid-Morning Session (Range-bound): Strategy: Hold existing positions or consider Iron Condor if you have multiple positions Strike Prices: 53,200 CE and 52,800 PE (Put Option) Afternoon Session (Bearish): Strategy: Buy Put Options Strike Price: 52,800 PE (Put Option) Closing Session (Range-bound): Strategy: Close positions to avoid overnight risk Summary Morning : Expect a slight gap up and bullish movement. Buy 53,200 CE. Mid-Morning : Market likely to be range-bound. Hold positions or consider Iron Condor. Afternoon: Expect a slight gap down and bearish movement. Buy 52,800 PE. Closing: Market likely to be range-bound. Close positions to avoid overnight risk. This analysis is based purely on the provided charts and does not consider external market conditions or news. Adjust your strategies accordingly and always manage your risk.
NSE:BANKNIFTY
by JayeshBoradia
USD/JPY Inverse Head and Shoulders Pattern: A Bullish Reversal The inverse head and shoulders (also known as the “head and shoulders bottom” or “reverse head and shoulders”) is a powerful chart pattern used in technical analysis. Here’s what you need to know: Formation: The inverse head and shoulders pattern forms at the end of a downtrend. It consists of three successive troughs: The first trough (the left shoulder) occurs after a downtrend, followed by a rally to a higher point. The second trough (the head) is deeper than the left shoulder, signaling increased selling pressure. The third trough (the right shoulder) occurs but doesn’t drop as low as the head. These troughs create a pattern that resembles an inverted human head with shoulders. Neckline: A trendline connects the high points (or “peaks”) formed after the right shoulder and the head. This trendline serves as a level of resistance that the price must break through to confirm the pattern. Psychology Behind the Pattern: The inverse head and shoulders pattern reflects changing sentiment among traders and investors: Left Shoulder: Pessimism dominates as the price makes a low and then rallies slightly. Head: Selling pressure intensifies, resulting in a
Long
by Faizgazi
ITC (OCT FUT)MY BET ON ITC ON OCT FUT Certainly! Let’s talk about parallel channels in stock market charts. 🚩📈 A parallel channel is a powerful yet often overlooked chart pattern that combines several forms of technical analysis. It provides traders with potential points for entering and exiting trades, as well as controlling risk. Here’s what you need to know: Understanding Channels: In technical analysis, a channel occurs when the price of an asset moves between two parallel trendlines. The upper trendline connects the swing highs (price peaks), while the lower trendline connects the swing lows (price troughs). The channel can slant upward, downward, or remain sideways on the chart. Types of Channels: Generally, there are three types of channels: Ascending Channels: These angle upward during uptrends. The support line connects consecutive higher lows, and the resistance line connects consecutive higher highs. Descending Channels: These slope downward in downtrends. The support line connects consecutive lower lows, and the resistance line connects consecutive lower highs. Horizontal Channels: Also known as trading ranges or rectangles, these have trendlines that remain relatively flat. Prices move within a narrow range. Trading Insights: Traders use channels to: Identify potential buy and sell points. Set price targets and stop-loss levels. Gauge the underlying trend’s strength based on how long the channel has lasted. Channels work best on assets with a medium amount of volatility—this affects potential profit opportunities. Smaller channels may yield smaller profits, while larger channels are associated with more volatility and larger potential gains. Breakouts and Signals: If the price breaks out of a trading channel to the upside, it could indicate a potential rally. Conversely, if the price breaks below the bottom of the channel, it suggests more selling pressure. Enhancing Signals: Consider using other technical indicators (such as volume) alongside channels to enhance signals. Volume can provide additional confirmation when the price breaks out of a channel. Remember, parallel channels are like invisible rails guiding the price movement—a dance floor for bulls and bears. So keep an eye on those trendlines—they’re plotting the next steps! 🎬📊
NSE:ITC1!Long
by Faizgazi
GHCL Multiyear ReversalGHCL is a multi year reversal setup. Previously it was able to sustain the multiyear support at 440 Once price sustain the support it made a small continuous pattern similar to cup and handle and given breakout at 553 Higher low in the continuous pattern shows the sign of trend reversal. It is now facing small trendline resistance near 576 which can lead it to retest level and continue the upward journey later. It should keep following Higher High, Lower Low format on weekly timeframe for any upside. Exit if it breach swing low on weekly timeframe or do not sustain the retest level 520. This idea is for mid term investment or positional trading only. Disclaimer - Please do not trade based on this post. Contact with your advisor.
NSE:GHCLLong
by StockEngineers
Crude Oil MCX Future Intraday Technical Chart Analysis 19 Sept.📈 Crude Oil MCX Future Technical Chart Analysis 📅 Date: 19th September, 2024 📊 Range Trigger Point: 5913 📉 Day Range: 167 🟢 Buy Above: 5918 💼 Average Position: 5899 🎯 Buy Target 1: 6016 🎯 Buy Target 2: 6080 🔵 Stoploss: 5863 🔴 Sell Below: 5879 🎯 Sell Target 1: 5810 🎯 Sell Target 2: 5746 🔵 Stoploss: 5934 ✨ Boost, follow, and engage for more detailed insights. Your support helps us bring you the latest and most accurate updates! 🚀❤️ #CrudeOil #MCX #TradingSignals #CommodityTrading #Intraday #TradingTips #CrudeOilMCX #MCXLevels
MCX:CRUDEOIL1!
by NumroTrader
Bank Nifty Spot Intraday Technical Chart Analysis 19 Sept., 24📈 Bank Nifty Spot Technical Chart Analysis 📅 Date: 19th September, 2024 📊 Range Trigger Point: 52750 📉 Day Range: 800 🟢 Buy Above: 52649 💼 Average Position: 52554 🎯 Buy Target 1: 53245 🎯 Buy Target 2: 53550 🔵 Stoploss: 52382 🔴 Sell Below: 52460 🎯 Sell Target 1: 52256 🎯 Sell Target 2: 51951 🔵 Stoploss: 52727 ✨ Boost, follow, and engage for more detailed insights. Your support helps us bring you the latest and most accurate updates! 🚀❤️ #BankNifty #TradingSignals #TradingTips #Intraday #TradingStrategy #Nifty50 #Index
NSE:BANKNIFTY
by NumroTrader