PEPE Swing Long Trade Update - Pepe is currently Trading at .00001057
- PEPE has shown impulsive moves and still is showing the same for the past 2 days
- It will be essential to see how the weekly candle closes for PEPE
- If you are holding Pepe then continue holding it as I think we can soon see this pumping another 30% from here
- Now let's talk about the odds if Pepe doesn't pump from here we can even see this dumping towards the FVG it has created and I think that will be a very conservative entry
- If you are looking for Spot Accumulation then make sure you wait and look for a conservative entry
Beyond Technical Analysis
RELIANCE NEW ALL TIME THIS OCT (ATH)Multiple confirmation
1) A trendline breakout occurs when the price of an asset moves above or below a trendline, indicating a potential change in the direction of the trend. Here’s a detailed look at trendline breakouts:
What is a Trendline Breakout?
A trendline breakout happens when the price of a stock or other asset breaches a previously established trendline. This can signal a shift in market sentiment and often indicates a new trend direction.
Key Aspects of Trendline Breakouts
Volume Confirmation: A breakout accompanied by high trading volume is generally considered more reliable. High volume suggests strong market interest and conviction in the new trend direction1.
Retest of Trendline: After a breakout, the price often retests the trendline from the other side. This retest can provide a second chance to enter the trade if the breakout is confirmed1.
False Breakouts: Sometimes, the price may break the trendline but then quickly reverse. These false breakouts can trap traders, so it’s important to use additional indicators or wait for confirmation1.
2) A double bottom is a bullish reversal pattern in technical analysis that signals a potential change in trend from a downtrend to an uptrend. Here’s a detailed look at the double bottom pattern:
What is a Double Bottom?
A double bottom pattern resembles the letter “W” and forms after a prolonged downtrend. It consists of two distinct lows at approximately the same price level, separated by a peak in between. This pattern indicates that the price has hit a significant support level twice and failed to break lower, suggesting a potential reversal to the upside12.
Key Characteristics
First Bottom: The price reaches a new low, indicating strong selling pressure.
Peak: After the first bottom, the price rebounds to a certain level, forming a peak.
Second Bottom: The price declines again to a level similar to the first bottom, but fails to break lower, indicating strong support.
Breakout: The pattern is confirmed when the price breaks above the peak formed between the two bottoms, often accompanied by increased volume12.
Trading the Double Bottom
Entry Point: Traders typically enter a long position when the price breaks above the peak between the two bottoms.
Stop-Loss: A stop-loss order is usually placed just below the second bottom to manage risk.
Profit Target: The profit target can be set by measuring the distance from the bottoms to the peak and projecting that distance upwards from the breakout point12.
TVS MOTORS VERY BULLISH A flag and pole breakout is a popular chart pattern in technical analysis, often used to identify potential continuation of a trend. Here’s a breakdown of the pattern:
Components of the Flag and Pole Pattern:
The Pole: This is the initial sharp move in price, either up or down, which forms the “pole” of the pattern.
The Flag: Following the pole, the price consolidates in a small, rectangular range, forming the “flag.” This consolidation can be horizontal or slightly angled against the prevailing trend.
Types of Flag Patterns:
Bullish Flag: Occurs in an uptrend. The pole is formed by a strong upward move, followed by a consolidation period. The breakout from the flag typically signals a continuation of the uptrend12.
Bearish Flag: Occurs in a downtrend. The pole is formed by a sharp downward move, followed by a consolidation period. The breakout from the flag typically signals a continuation of the downtrend3.
Key Characteristics:
Volume Pattern: Volume usually increases during the formation of the pole and decreases during the consolidation phase. A breakout is often accompanied by a surge in volume1.
Breakout Confirmation: The pattern is confirmed when the price breaks out of the flag in the direction of the preceding trend4.
Trading the Flag and Pole Breakout:
Identify the Pattern: Look for a strong move (pole) followed by a consolidation (flag).
Wait for the Breakout: Enter a trade when the price breaks out of the flag in the direction of the initial move.
Set Targets: The target price is often estimated by measuring the length of the pole and projecting it from the breakout point12.
Manage Risk: Place a stop loss just outside the flag on the opposite side of the breakout5.
This pattern is widely used by traders to capitalize on strong trends and can be a powerful tool in your trading strategy. Do you have any specific stocks or markets in mind where you’re looking to apply this pattern? 📈
Respecting Rising Channel and 100 EMANSE:KPIL is respecting its Uptrend in Rising Channel and not breaking 100 EMA.
Just an Update no Trade as of Now.
Check out my other stock ideas below until this trade gets activated, I would love your feedback.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
USDT Dominance Update - USDT Dominance is currently trading at 5.31%
- USDT is at its crucial support or demand zone
- This signifies we can soon expect a drop in the prices of cryptos
- Watch out for your Spot Longs and try locking in gains before market goes back to your cost
- I have locked in 50% gains in many positions and I will plan to add fresh positions once I see a dip again
TATA STEEL 1HRINTRADAY TRADE
- EARN WITH ME DAILY 10K-20K –
TATA STEEL Looking good for Downside..
When it break level 166.57 and sustain.. it will go Downside...
SELL @ 166.57
Target
1st 165.74
2nd 164.72
FNO
TATA STEEL OCT FUT – LOT 5 (Qty-27500)
TATA STEEL OCT 172.5 PE – LOT 1 (Qty-5500) – PRICE (8.15)
Enjoy trading traders.. Keep add this STOCK in your watch list..
Big Investor are welcome..
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30 Sep 2024 - Bank Nifty Predictions (Next Trading Day)Based on the provided charts for the Nifty Bank Index, here are the specific insights and analysis:
1. Index Chart and Time Frames
Index: Nifty Bank Index
Date: September 27, 2024
Time Frames:
Daily (1D)
5-Minute (5M)
Weekly (1W)
Monthly (1M)
2. Support and Resistance Levels for Next Trading Day
Support Levels:
First Support: 53,763.20
Second Support: 53,500.00 (approx)
Resistance Levels:
First Resistance: 54,000.00
Second Resistance: 54,467.35 (previous high)
3. Scenario for Next Trading Day
Market Opening Likely to open flat to slightly gap down due to recent bearish sentiment .
Market Trend Expected to be bearish initially, possibly turning range-bound as the day progresses.
Timing Initial bearish movement expected in the first hour, followed by potential stabilization.
4. Options Strategies for Next Trading Day
Recommended Strategies:
Bear Put Spread: Buy a put option at 54,000 and sell a put option at 53,500 to capitalize on a bearish move.
Long Put: Buy a put option at 53,800 for downside protection.
5a. Calendar Spread Strategy
Strikes for Calendar Spread:
Daily: Sell 54,000 Call, Buy 54,500 Call
Weekly: Sell 54,000 Call, Buy 54,500 Call
Monthly: Sell 54,500 Call, Buy 55,000 Call
5b. Daily, Weekly, and Monthly Trends
Daily Bearish Recent price action shows selling pressure.
Weekly Bullish Overall trend remains upward, but short-term bearish.
Monthly Bullish Long-term trend is still positive, but recent corrections noted.
6. Trading Recommendations for ATM, ITM, OTM
ATM Trade Best for quick profits, especially in volatile conditions.
ITM Don't Trade Higher risk; avoid unless confident in direction.
OTM Trade Good for speculative plays, but with caution.
Better Not to Trade Avoid trading on days with high uncertainty or low volume.
This analysis is based solely on the provided charts and does not consider external market conditions. Always ensure to manage risk appropriately.
Disclaimer: Do Manage your Risk and Money management, Do not Forget to PUT STOP LOSS.
potential turnaround stockReasons to consider investment
1. Promoter group is going to subscribe to warrants that will take its shareholding up from 27% to 41%
2. Company is set to receive 5000 crores INR from a decade long legal battle with Longshen/Senda over its minority shareholding in Dystar.
3. Company is going to enter into an unrelated sector of copper rod mfg and fertilizer mfg.
4. Promoters have executed a loan facility to most likely start the construction of the copper rod and fertilizer plant after execution of an MOU 2 years back with the gujarat state govt. However, the EC for the project maybe still hanging in the balance.
5. Dystar enbloc sale process has started by Deloitte on courts directive and is expected to close in 6 to 9 months.. the aggrieved party has approached the supreme court of Singapore for challenging priority payment to Kiri out of the sale proceeds of Dystar..therefore there will not be rollback of liquidation of Dystar..it is a question of how the cake is to be divided between the owners if the sale price is below a certain value.
Fair warning:
Promoter integrity is something that we have to take individual call on.
If Dystar sale is delayed the payout to Kiri will be delayed.
Other legal wrangles that can comeup.
Clarity on the EC to the greenfield project of copper rod and fertilizer.
Even if all of the above happens this is a long term investment idea, i.e., 4 to 5 years
Amara Raja ( ARE_M) - A Low Volume Pullback till 21 WEMAA MEDIUM TO LONG TERM BET.
Important levels to watch here. Pullback till 21 EMA on weekly basis. Closing around here would mean that supply getting absorbed & this should be ready for its upward journey.
- BESS Theme
- Sector has huge tailwind.
- Government & private capex both playing a huge role.
TATA COMMUNICATION 1HRSWING TRADE
- EARN WITH ME DAILY 10K-20K –
TATA COMMUNICATION Looking good for upside..
When it break level 2141 and sustain.. it will go upside...
BUY@ 2141
Target
1st 2158
2nd 2198
FNO
TATACOMM OCT FUT – LOT 5 (Qty-2500)
TATACOMM OCT 51600 CE – LOT 1 (Qty-500) – PRICE (112.10)
Enjoy trading traders.. Keep add this STOCK in your watch list..
Big Investor are welcome..
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News related Breakdown (Negative): Indian Energy Exchange (IEX)IEX has been in a bullish trend since Jun 2024 after taking strong support from 145 levels.
It reached one year high of 263.
Market news on IEX:
IEX cracked over 10% today due to a report that FY25 may implement Market coupling. News reports suggested the Centre will implement market coupling for power exchanges.
Market Coupling will mean these exchanges will trade electricity at one price at any point of time.
If implemented, power exchanges will function as a platform where only buy and sell bids are accepted and power is delivered to the buyer.
Support levels: 200, 187, 167
Resistance levels: 242.
THE IMPLICATION OF MARKET COUPLING HAS TO BE SEEN IN LONG TERM AS THERE ARE SEVERAL CONSTRAINTS IN IMPLEMENTING AT THE PAN INDIA LEVEL.
BALRAMPUR CHINI - SWING TRADE ON SHORT SIDESymbol - BALRAMCHIN
BALRAMCHIN is currently trading at 610
I'm seeing a trading opportunity on sell side.
Shorting BALRAMCHIN Futures at CMP 610
I will be adding more position if 630 comes & will hold with SL 640
Targets I'm expecting are 575 - 550 - 530 & below.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Crude Oil MCX Future Intraday Technical Chart Analysis - 27 Sept📈 Crude Oil MCX Future Intraday Technical Chart Analysis
📅 Date: 27 Sept., 2024
📊 Range Trigger Point: 5663
📉 Day Range: 235
🟢 Buy Above: 5772
💼 Average Position: 5745
🎯 Buy Target 1: 5808
🎯 Buy Target 2: 5898
🔵 Stoploss: 5694
🔴 Sell Below: 5717
🎯 Sell Target 1: 5518
🎯 Sell Target 2: 5428
🔵 Stoploss: 5795
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#CrudeOil #MCX #CommodityTrading #Intraday #TradingSignals #TradingTips #CrudeOilAnalysis #CrudeOilMCX
Bank Nifty Spot Intraday Technical Chart Analysis 27 Sept., 24📈 Bank Nifty Spot Intraday Technical Chart Analysis
📅 Date: 27 Sept., 2024
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📊 Range Trigger Point: 54375
📉 Day Range: 456
🟢 Buy Above: 54293
💼 Average Position: 54239
🎯 Buy Target 1: 54657
🎯 Buy Target 2: 54832
🔵 Stoploss: 54141
🔴 Sell Below: 54185
🎯 Sell Target 1: 54093
🎯 Sell Target 2: 53919
🔵 Stoploss: 54337
#BankNifty #BankNiftySpot #Intraday #TradingSignals #TradingTips #Index #Trading
Nifty Spot Intraday Technical Chart Analysis 27 Sept., 2024📈 Nifty Spot Technical Chart Analysis
📅 Date: 27th September, 2024
📊 Range Trigger Point: 26216
📉 Day Range: 253
🟢 Buy Above: 26154
💼 Average Position: 26125
🎯 Buy Target 1: 26372
🎯 Buy Target 2: 26469
🔵 Stoploss: 26070
🔴 Sell Below: 26095
🎯 Sell Target 1: 26060
🎯 Sell Target 2: 25964
🔵 Stoploss: 26179
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#Nifty #Nifty50 #NiftySpot #Intraday #TradingSignals #TradingTips #NiftyFuture #Index #Trading
Sensex Analysis1. Opening Price Insight:
• If the #Sensex opens below 85,500, expect a #bearish or #sideways #trend.
• There’s a #support level around 85,600 according to #CPR, which may trigger a #buying opportunity if the #index retests this zone.
2. #Demand Zones:
• 85,300 is highlighted as a solid #demand zone, likely to act as another key support if prices move downward.
3. OI Data Interpretation:
• Strong #Put additions at 85,500PE (3.16L) and 85,000PE (5.24L) suggest bullish sentiment, making these important support zones, especially 85,000 for expiry.
• On the Call side, the buildup at 86,000 and 86,500 strikes (3.86L and 5.28L contracts) indicates potential resistance levels for the day.
This means a potential range could emerge between 85,000-86,500, with traders watching for key price movements around 85,600 and 85,500.
SHIBHA INU 1WSwing Trading Setup:
Entry Point:
Enter the trade at the breakout of the descending trendline. A clear break and close above this line confirm the bullish momentum. In this chart, the entry would have been around the 0.00001900 level.
Set the target around significant resistance levels or previous highs. According to the chart, the first target could be around 0.00004500. For a more extended target, aim for the next resistance zone near 0.00008850.
Risk-Reward Ratio:
Ensure the risk-reward ratio is favourable (preferably 1:2 or higher). In this setup, the risk to reward appears favourable as it offers substantial upside potential against the defined risk.
Confirmation:
Wait for a strong bullish candle close above the trendline with good volume to confirm the breakout before entering.
Exit Strategy:
Use trailing stops as the price moves in your favour to lock in profits.
Partial profit booking at key resistance levels can help secure gains while letting the rest of the trade run.
This setup capitalizes on the trendline breakout and potential price rally towards significant historical resistance zones. Always ensure proper risk management when executing trades.
Hindalco in Uptrend Hindalco Moving in Parallel Channel in Uptrend with Sideways Momentum Expected.
Hindalco is currently trading within a well-defined parallel channel, showing a strong uptrend. The stock has respected the channel's boundaries, with consistent higher highs and higher lows. As the price approaches the upper boundary, some sideways consolidation is anticipated, indicating potential resistance at this level.