* Technically looks weak below 2992 * Bearish Rectangle in formation * Tgt1 could be 2800 * Tgt2 could be 2670 * SWING Trade * Waiting period 7-10 Trading days
ETH : 3 important patterns detected On the decline : 1- Rising Wedge The price can go lower to 56 000$ _______________________________ On the rise : 2- Falling Wedge : The price can rise to 4 144 $ 3- Bullish Pennnat : The price can reach 4 892 $ _________________________________ To monitor : - EMA.50 and EMA.200 - ICHIMOKU levels : Tenkan and Kijun
BankNifty Analysis The intraday fall on BankNifty was approx 5028pts ~ 9.84%, a few more points would have triggered the lower circuit and we would have had a pause of 30 to 45mts. The Lower circuit hit would have opened the floor to further fall due to panic and somehow magically the reversal came and it really saved the day. If you look at the daily chart, the...
What a strange day it has been, the moment the market participants realized that BJP will not get a simple majority - we started falling. That realization came in the opening minutes and did not give me ample time to prepare. Honestly, I did not expect such a move today. I really thought we would have the reaction on Wednesday instead. I was not really ready with...
#USDT.D lost its support, so next support levels are 3.8% and 2.5%. which is bullish for crypto.
As we can see Nifty Hit Resistance and Made Doji followed by Today Bearish Candle If Correction continues we can See the possible Level being Tested. Don’t make Any New Trade ATM wait for Reversal + Volume. If could be A Very Good opportunity in some stocks If PM Modi comes back expect market to make new high By Diwali. Meanwhile overall sentiment right now...
Nifty open with huge gap down and hit days low which is 21281 level with almost -1800 points which is more then -7% on daily chart. Nifty was highly volatile due to Lok Sabha Election Vote Counting. Index has formed shaven head candle on daily chart which indicates participants were selling from days high. MACD is giving Crossdown. Nifty has given closing at...
#ETH FORMED DOUBLE BOTTOM & slight bullish divergence conforms to clear 4100$ resistance.
This one is highly manipulated. Would you be able to survive if 2 happens. I did sell early at 0.45 before it did 6x. It dumped 36% right before went parabolic. I still think it is in the attract phase - dump heavily - then next liquidity grab
Update :- Following the upper range breakout, silver met resistance between 95,000-96,500 zone. Examining the 4-hour timeframe reveals a trendline originating on May 24th. Yesterday, May 29th, this trendline was breached, hinting at a double top (M) reversal pattern. Confirmation of this pattern awaits at the 90,000 level If this level breached, a subsequent...
Banknifty has been on the rise for quite some time now. In doing so it has formed a rising wedge in the weekly time frame. This would mean a downslide at some point will need to watch for it.
Hopes for complete Head and Shoulder Pattern. Enter for long after break neck line.
NIFTY : Witnessed one of its worst day tanking 1000+ points. IND VIX which is hovering a round 26 is also threating to give a breakout towards 30-36-not a good sign for trade as volatility and swing on both sides is expected to be wild. NIFTY which is at 21800 will act as a critical support, close below 21800 likely to drag it towards 21500 whereas 21200 will act...
NIFTY50 Update (as on 28th May, 2024) On a Daily TF: - The market is at a precarious spot with signs of a reversal from the trendline - 22775 is a support but it doesn't look a strong enough support zone For your Swing Trades: - Please position size very carefully - Trade the Trend * Disclaimer
Fundamentally good stock, Good for 2-3 days holding. For short term investment in cash market'. . . Entry: 576 target: 588 - 601- 644 sl: 560 major stoploss / support: 545 . Enter only after breaking & close above " Yellow box" mentioned. Or else wait for some time. ' ' Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency💹 Refer our...
Fundamentally good stock, Good for 1-3 weeks holding. For short term investment in cash market'. Leave a " Like If you agree ". 👍 . . Entry: 72 (daily should close above) target: 75- 85- 96 sl: 66.5 major stoploss / support: 63.40 . Enter only after breaking & close above " Yellow box" mentioned. Or else wait for some time. ' ' Don't make complicated...
An analyst, Jelle, Tweeted with the bullish sentiment on the X platform that In Ethena (ENA) a breakout has taken place out of a consolidation range on the daily chart. This could lead its price to run towards $1.50. In a recent optimistic tweet by an analyst, it was observed that on the daily chart for the ENA asset, there has been a significant surge from the...
SUMICHEMICAL looks strong breaking out in weekly timeframe. It closed above weekly support line during heavy volatility on June4. So need to see whether it closes above weekly support line this Friday Need to plan trade accordingly.