Chart Patterns
Will Nifty reclaim 22350 level ?Its an mixed bag view for nifty for few weeks as of now, its creating head and shoulder pattern in daily chart, in weekly it has created a shooting star at the top! these are bearish signs. for this bearish view to get negated nifty needs to close above 22620 level.
along with this on short term it looks like nifty will touch 21350 odd levels in the coming week !! if it sustains the could see 22525 level.
BTC : BITCOIN: : FLAG + Double Top detectedBTC : BITCOIN: : FLAG + Double Top detected
The Wolf of Zurich has detected 2 chartist famous patterns :
1st is a "Double Top" , which gives a Bearish signal , and the price can reach : 58 000 - 56 500
The second signal is Bullish .
I detected an "ascending FLAG" , which is a Bullish signal;
And the the price can reach 71 200 - 73 00
Watch the EMA.200 Daily and the ICHIMOKU levels around 51 000 Weekly
be safe
Good trades
"PAKA PAKA ! "
#gold Next Target 70 points #MCX #commodity MarketSYmbol XAUUSD
timeframe 45 min
Analysis: uptrendmovement
HOPE our analysis is adding value to your Trading Journey.
NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
Nifty 50 Next Target ANalysisNifty 50 Next Target ANalysis
Timeframe Day timeframe
We can observe parallel channel. If break out happens on upper channel, we can expect a target of 25000
HOPE our analysis is adding value to your Trading Journey.
NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
Banknifty and nifty option tradesPlease follow levels and try to learn there is nothing like holy grail in this market , your skill will make you profitable so work on your skill , money will automatically follow.
NIFTY50 - WEEKLY ANALYSIS - 15th April #indicesNIFTY50 (1W TF) UPDATE - 15th April, 2024
Pattern: ASCENDING CHANNEL
- Reversal at the top of the Weekly Channel Resistance - Done ✓
- Might expect more of a fall in the Indian markets, mainly due to the US markets sell-off on Friday
- Geo-political tensions due to the Israel-Iran conflict might also have some repercussions
- Volatility is going to be high
- Support Levels have been marked out
Going forward with any Swing Trades:
- DO NOT jump into falling knives
- Watch higher time frames for more accurate entries
- Anyone going short on any stock, please hedge your positions
- There is and will be a lot of volatility over the next 45-60 days.
Until then, we need to be doing the following:
✓ Keep SL's in play for existing positions or trail your SL
✓ Ensure your position sizing is as per your rules
✓ Keep risk management in play at all times
And most importantly, if the market is giving you decent returns in any trade:
✓ Then book your profits and
✓ Hold your capital
Always remember:
- We can live to Fight another day; but ONLY if we are in a POSITION to do so
So Capital Preservation is Key !!
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Become Emotionless
&
Trade Ryte
#nifty50